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Chapter 13 may be the bankruptcy solution for you

By Nowack & Olson, PLLC |

The cost of living in Florida can be high, so it is no wonder that so many people end up in debt. To make things worse, as soon as debts start to mount up, the interest rates associated with them can quickly cause the totals to mount up. Before you know it, there may… Read More »

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Chapter 7 does not require a repayment plan

By Nowack & Olson, PLLC |

In Florida, each year sees more and more families falling into debt. Some manage to climb back out of it by themselves, but others become caught in a downward spiral as the amount they owe grows at an ever-increasing rate. When this happens, some become unsure where to turn. Constant calls from creditors can… Read More »

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There may be a way to escape foreclosure

By Nowack & Olson, PLLC |

As most residents of Florida will agree, one of the scariest things about getting into extreme debt is the risk of losing your home. This process, through which a lender repossesses a property in order to cover a debt is known as foreclosure. However, it is not even guaranteed to clear the amount owed…. Read More »

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Which debts need to be dealt with first?

By Nowack & Olson, PLLC |

Crippling debt affects innumerable people in Florida, and throughout the United States. Life comes with any number of expenses, not all of which can be planned for. It is all too easy for a sudden accident, unexpected family event or other change of circumstances to turn your life and your plans upside-down. To make… Read More »

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Rapper files for Chapter 11 bankruptcy

By Nowack & Olson, PLLC |

In Florida, it is all too easy to fall into debt. You may have planned carefully for your future, but an unexpected event can catch you off guard. All of a sudden, you may find that you do not have enough to make ends meet. You might decide to put some of the costs… Read More »

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Chapter 7 has no debt limit

By Nowack & Olson, PLLC |

There are few things as stressful and draining as being overwhelmed by debt. It can seem like an endless downward spiral with no relief in sight. As debt collectors and creditors begin to hound you for payments, the pressure can become harmful to your health and the whole situation can put a strain on… Read More »

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Chapter 7 bankruptcy may be your path out of debt

By Nowack & Olson, PLLC |

In Florida, it is far too easy to fall into debt and this unpleasant situation is one that countless families find themselves in each year. It is hard enough realizing that you can no longer make ends meet, but this is made worse when your creditors start demanding more and more interest, rapidly compounding… Read More »

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Chapter 13 allows you to keep your property

By Nowack & Olson, PLLC |

In Florida, many people have some degree of debt, even if it is in the form of their mortgage, or a small amount on their credit card. Whatever the case, if you fall behind on payments, that sum can quickly grow. The more debt you have, the faster the situation can worsen and the… Read More »

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Is making the monthly payment enough?

By Nowack & Olson, PLLC |

Many people in Florida use credit cards. They can seem extremely useful when expenses arrive before your wages come in, or to handle unavoidable emergency costs. However, it is all too easy to overspend and find that at the end of the month, you do not have enough to cover the balance. You may… Read More »

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Fraudulent calls could increase your debt

By Nowack & Olson, PLLC |

Throughout Florida, countless families struggle with rising debts. No matter how hard you work or how careful you are with your expenditures, it can be difficult to keep bills paid and food on the table. At first you might put some of your expenses on a credit card or consider remortgaging your property. Even… Read More »

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