Monthly Archives: April 2018
Questions to Ask a Bankruptcy Attorney
Before hiring a bankruptcy attorney, you should schedule a consultation with the law firm. The purpose of this consultation is to give you a chance to ask any questions you have and for the lawyer to better understand your situation. At Nowack & Olson, we are happy to offer all potential clients a free… Read More »
Yes, Bankruptcies Are Public
Bankruptcy still carries a stigma. Apart from the fact that your credit report will go into freefall, many consumers fear bankruptcy because they do not want anyone else to know about it. Nevertheless, these fears are usually overblown. Although bankruptcy records are public, few people will be searching for them. Furthermore, there is no… Read More »
Senior Citizens and Bankruptcy—Should You File?
As bankruptcy lawyers in Southern Florida, we meet our fair share of senior citizens who are struggling with debt. Sometimes the debt is medical debt or credit card debt, with credit cards often used to pay for medical expenses. Regardless of how they accumulated debt, these clients want to know whether they should file… Read More »
Help! My Bankruptcy Has Not Fallen off my Credit Report!
After filing for bankruptcy, you probably watched your credit score nosedive as soon as it was reported to the credit reporting agencies. Over the past several years, you have patiently waited for it to fall off. But what happens if your bankruptcy stubbornly remains on your credit report? Read on for tips on how… Read More »
Florida’s Homestead Exemption in Bankruptcy
Florida residents pondering whether they should file for bankruptcy protection need to consider how filing will affect their assets. In many states, consumers who file for Chapter 7 bankruptcy can end up losing their homes and other valuable assets, such as their cars. Fortunately, the situation is different in Florida, but you still must… Read More »
How to Handle Aggressive Debt Collectors
Falling into debt is stressful enough as is, but on top of everything else you might get phone calls or personal visits from debt collectors. To protect your sanity, practice the following tips for fighting them off—while protecting your finances at the same time. Get Information about the Alleged Debt Many debt collectors buy… Read More »
Consumer Defaults Continue to Climb in 2018
According to a new report, default rates for bank cards have surged to their highest level since 2012. Despite the robust jobs market in the United States, many consumers remain overextended, unable to make even the minimum payment on their debts. If this describes your situation, consider bankruptcy as an option for clearing out… Read More »
Why Debt Settlement May Not Be a Great Idea
Are debts weighing on your mind? If so, you probably are finding it hard to sleep at night or think about anything else during the day. The good news is that help is available. However, not all debt relief options are the same. One terrible option is “debt settlement,” which typically involves trying to… Read More »
Reaffirming a Secured Debt in a Chapter 7 Bankruptcy
A Chapter 7 bankruptcy is a great way of wiping out unsecured debts like medical debt, credit card debt, and personal loans. However, you will not so easily get free of secured debts, such as a car loan or a home mortgage, because those loans are backed by collateral. Although the bankruptcy might wipe… Read More »
The Dangers of Using a Paralegal to File for Bankruptcy
Many bankruptcy lawyers receive many panicked calls from consumers who have tried to file for bankruptcy on their own. Everything seemed to be going smoothly but then, suddenly, they realized that they did not fill out the paperwork properly. As a result, some consumers have their petitions rejected by the bankruptcy court. As a… Read More »