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Monthly Archives: August 2020

CreditR

Protecting Your Credit during this Difficult Time

By Nowack & Olson, PLLC |

Millions of Floridians continue to be without work. According to recent statistics, almost 2 million Floridians have filed for unemployment since March 15, 2020 as a result of the coronavirus pandemic. Very few people have definite dates for returning to their jobs, provided their employers have not shut down for good. With finances tight,… Read More »

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Bankruptcy15

How to Pay for Your Bankruptcy

By Nowack & Olson, PLLC |

We’ve written many times about how important it is to have a lawyer’s help when filing for bankruptcy. Those who represent themselves are less likely to receive a discharge of debt and might make an error that causes their case to be dismissed. However, lawyers do not work for free, and there are filing… Read More »

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Bankruptcy7

Has Your Favorite Store Filed for Bankruptcy?

By Nowack & Olson, PLLC |

The number of companies filing for bankruptcy has increased dramatically since the onset of the COVID-19 pandemic. According to The New York Times, the number of Chapter 11 filings soared in May 2020 by almost 50% compared to the number filed in May 2019. With this many filings in so short a time, odds… Read More »

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Gym

Gyms Have Been Hammered by the Shutdown

By Nowack & Olson, PLLC |

One industry devastated by the coronavirus pandemic has been gyms. Most states have closed gyms as non-essential businesses, and some of the country’s largest chains have not had the cash to survive such a long shutdown. They have begun to look at their options, which for some chains has included filing for bankruptcy. Although… Read More »

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Bankr31

Is Chapter 7 the Right Bankruptcy for You?

By Nowack & Olson, PLLC |

When debt becomes overwhelming, people reach for a lifeline, and filing for bankruptcy might be just the thing to grasp for. With a Chapter 7 bankruptcy, our clients can quickly eliminate many unsecured debts and begin afresh. However, a Chapter 7 is not the only option, and we believe that our clients are best… Read More »

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Bank7

What You Need to Know about Chapter 13 Bankruptcy

By Nowack & Olson, PLLC |

A Chapter 7 bankruptcy isn’t always the right choice for people. Fortunately, another option exists for consumers—a Chapter 13. This is the less popular of the two. For example, in 2020, 7 out of 10 Floridians filing for bankruptcy have filed Chapter 7; the remainder filed Chapter 13. However, Chapter 13 has many advantages… Read More »

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