Switch to ADA Accessible Theme
Close Menu
Florida Bankruptcy Lawyer
Call Today For A Free Consultation 866-907-2970 Hablamos Español

$0 down and low payment plans available. We can assist you without having to leave your home.

Monthly Archives: May 2022

Bankruptcy19

Florida Celebrity Bankruptcy Files: Lawrence Taylor

By Nowack & Olson, PLLC |

Anyone who watched television in the early 1990s remembers those “this is your brain on drugs” public service announcements.  Those public service announcements did not mention the damage that drug addiction can do to your health, personal relationships, and finances.  Rebuilding your life after achieving sobriety is no simple task, and one of the… Read More »

Facebook Twitter LinkedIn
Bankr16

Trustee Alleges That Debtor Sold Its Most Valuable Asset In The Middle Of Its Bankruptcy Case

By Nowack & Olson, PLLC |

More than half of businesses close permanently within their first five years; the percentage of businesses that continue operating for many years are the exception rather than the rule.  Some of the companies that have been in operation for a long time are only still around because they have filed for bankruptcy protection at… Read More »

Facebook Twitter LinkedIn
Foreclosure5

Can Your House Get Foreclosed If You Make All The Mortgage Payments On Time?

By Nowack & Olson, PLLC |

Entering into a home mortgage agreement is many people’s dream, of which mortgage foreclosure is the corollary nightmare, but at least foreclosure is not a surprise.  When you fall behind on mortgage payments, your mortgage lender lets you know immediately, and there are plenty of actions you can take before your case gets to… Read More »

Facebook Twitter LinkedIn
Cannabis

Can Your Cannabis Business File For Bankruptcy In Florida?

By Nowack & Olson, PLLC |

Floridians love weed and have loved it for decades.  Local lawmakers’ attitudes toward it vary from one jurisdiction to another, which is why recreational cannabis remains illegal at the state level, even though it has been decriminalized in some counties and municipalities, starting with Miami-Dade, Broward, and Palm Beach Counties in 2015.  Meanwhile, federal… Read More »

Facebook Twitter LinkedIn
Debt10

Should You Reaffirm Your Debts In Bankruptcy?

By Nowack & Olson, PLLC |

When you declare bankruptcy protection, the court will discharge some of your debts.  If it is a chapter 7 bankruptcy filing, it may sell some of your assets in order to settle as many of your debts as possible.  The court will not sell any of your assets until after it thoroughly assesses your… Read More »

Facebook Twitter LinkedIn
Bankruptcy17

Bankruptcy Fraud Red Flags

By Nowack & Olson, PLLC |

Tax debts and criminal fines are among the kinds of debt that you cannot discharge when you file for bankruptcy protection.  Another thing that filing taxes and filing for bankruptcy have in common is that it is easy to make mistakes on the paperwork, and the temptation is palpable to fib in order to… Read More »

Facebook Twitter LinkedIn
StudentDebt4

Can You Discharge Private Student Loans In Bankruptcy?

By Nowack & Olson, PLLC |

Student loans are among the most difficult kinds of debt to get rid of.  Most consumer debt, including credit card debt and medical bills, is easily discharged in bankruptcy.  Bankruptcy will not erase overdue alimony and child support, but if the family court has placed financial obligations on you that you are unable to… Read More »

Facebook Twitter LinkedIn
Bank8

What To Do If A Creditor Sues You

By Nowack & Olson, PLLC |

Have you ever heard someone tell a bully to pick on someone their own size?  Someone should say that to businesses that sue consumers for unpaid debts.  Business to consumer lawsuits have become frighteningly common in recent years.  Most of the time, the court allows these lawsuits to proceed without regard to the fact… Read More »

Facebook Twitter LinkedIn
CreditCardDebt

FTC Orders Operators of Credit Card Reduction Scam To Pay Millions And Get Out Of Debt Relief Business

By Nowack & Olson, PLLC |

Sometimes taking on a new debt to pay off your existing debt can be a wise move.  If the new loan has a lower interest rate than the debts you are using the loan money to pay off, then you will have a higher debt to credit ratio in the short term, but in… Read More »

Facebook Twitter LinkedIn
Debt9

Beware Of Loans With Interest Rates Higher Than 100 Percent

By Nowack & Olson, PLLC |

Several weeks ago, Jelena McWilliams ended her tenure as chairperson of the Federal Deposit Insurance Corporation (FDIC); President Biden will appoint a new chairperson soon.  The change in FDIC leadership could mean a change in its policies on consumer lending.  Consumer advocates and struggling borrowers hope that the new FDIC leader will close some… Read More »

Facebook Twitter LinkedIn