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June 2015 Archives

What is Chapter 13?

Getting into debt is a horrible experience. It can be extremely overwhelming and at times you may feel like your situation is hopeless. It is often hard to look positively toward the future and see a way out of your struggles. However, this is something that countless families in Florida go through and there is a way out. It may be a long and at times difficult path, but with the right support and guidance you can come out the other side of this taxing period of your life.

Foreclosure is not a certainty

As many people in Florida know, getting into debt can be a serious issue. To make things worse, climbing back out of debt is often difficult as interest rates can cause the problem to increase at an alarming rate. Before you know it, you could be faced with court dates and the potential of severe consequences, such as the loss of your home.

Florida family fight to save home from foreclosure

No matter how careful you are with your finances, how diligently you save or how thoroughly you plan for the future, life can still catch you off guard. It is all too easy for an unexpected event such as a serious illness, bereavement or accident to incur significant costs and leave you buried in debt. Sadly, it is a reality that all too many families in Florida face. Worse still, debt can be a downward spiral from which it is often difficult to escape.

Debt is not the end

Throughout Florida, countless families struggle with growing debts. The cost of living can be high and it is not always easy to earn enough to cover even your most basic living expenses. Throw in a few unexpected events, such as bereavements or illnesses and you can quickly find yourself becoming overwhelmed. At first you may try refinancing, putting expenses on credit cards or taking out loans, but this can often make the situation worse. Eventually, you may find that the problem seems insurmountable.

Is student loan debt going to cause the next financial crisis?

Are you one of the 40 million Americans with student loan debt? If so, you probably understand how pressing the issue is. You might have noticed that those without student loan debt don't seem to get it. However, some financial experts say that it’s only a matter of time before the problem starts affecting the economy on a broader scale, which is sure to get everyone's attention.

Having student debt becoming more and more common among seniors

Many years ago, it was fairly uncommon for a person to have much in the way of student debt in their elderly years. It is estimated that, in 1989, $400 was the average amount of education debt for retirees in the 65 to 74 age group and such debt made up less than 1 percent of the "installment" debt of retirees in this age group.

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  • "Maria please let Attorney Olson know how pleased I am with the results of my home loan modification with Bank of America. I am so grateful for all of their hard work, especially since my house was a gift from my parents, I prayed not to lose it to foreclosure....."

    Cassandra M.
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    We are very pleased and happy with your service, you are so professional, courteous, organized and fast.

    We will recommend you every time we can.
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  • "Just wanted to thank you again for helping my wife and family through a tough time. We are finally starting to get back on our feet and building back our nest egg. We have stabilized our income again, and see the light at the end of the tunnel. I remember one of your tag lines was helping good people through bad times... That always rang true with us....."

    Peter R.
  • "After a rather distasteful experience with a Foreclosure Attorney I was apprehensive to say the least to hire an Attorney to handle our Bankruptcy. After some internet searches and research I found Christian Olsen, and after our initial consultation my wife and I retained his services....."

    Bobby and Tanya
  • "I am a teacher who reaped the rewards of a profitable side business until shortly after the recession. I struggled to keep my business afloat until I finally threw in the towel. Between personal and business debt, I was suffocating in bills....."

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