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Monthly Archives: January 2021

EmptyWallet

What Assets Can You Lose in a Chapter 7 Bankruptcy?

By Nowack & Olson, PLLC |

Bankruptcy is rarely anyone’s first option for dealing with debt. Nevertheless, there usually comes a time where people simply cannot pay their bills. Searching for answers, many finally confront the possibility that bankruptcy makes the most sense. One key concern, however, is what assets they will lose. Chapter 7 bankruptcy is not a free… Read More »

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Vaccine

Will the Covid Vaccine Rescue Small Businesses?

By Nowack & Olson, PLLC |

The federal government has recently approved several vaccines for the novel coronavirus, and truckloads of shipments have been arriving in Florida. But will the vaccine be a game changer that rescues our slumping economy? Since the pandemic broke out in March 2020, the South Florida economy has been hammered. Our region has seen over… Read More »

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Bank7

Thousands Evicted after State Moratorium Expires

By Nowack & Olson, PLLC |

To help struggling renters during the coronavirus pandemic, Governor DeSantis signed an eviction moratorium, which he subsequently extended. However, the Governor let the moratorium expire at the end of September. The results have been dramatic. No full study has been performed of the number of evictions across the state. But piecemeal reports suggest that… Read More »

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Bank10

How Big are the Downsides of Filing for Bankruptcy?

By Nowack & Olson, PLLC |

CNBC has an interesting article on challenges consumers can face going forward should they file for personal bankruptcy. The list is accurate. However, the article doesn’t give consumers a realistic sense of the seriousness of these costs. As seasoned Plantation bankruptcy attorneys, we have listened as many clients expressed their fears of filing. Fortunately,… Read More »

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Bankr9

Reopening a Bankruptcy Case

By Nowack & Olson, PLLC |

Most bankruptcy cases go off without a hitch, especially if you hire a South Florida bankruptcy attorney to represent you. However, sometimes a person receives a discharge or has their case closed without receiving a discharge only to realize they need to reopen their case. If you did not use a lawyer for your… Read More »

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Bankr10

Are You a Small Business Considering Bankruptcy?

By Nowack & Olson, PLLC |

For a long time, small businesses had basically one bankruptcy option—Chapter 7 liquidation. If they wanted to continue to operate, they would have to file for Chapter 11 protection, which had onerous paperwork requirements. Fortunately, Congress stepped up to the plate and passed the Small Business Reorganization Act of 2019, which is called Subchapter… Read More »

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BankRelief

Five Financial Resolutions for the New Year

By Nowack & Olson, PLLC |

The new year is a great time to commit to changes in your life—including financial changes. Many Americans continue to struggle with debt and a lack of savings, which has caused incredible stress during a topsy-turvy year. Now is the best time to adopt a few, commonsense resolutions that will set you put well… Read More »

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