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Author Archives: Site Administrator

Promising signs for a struggling economy

By Nowack & Olson, PLLC |

In places like Broward County, Florida, and elsewhere, many families would argue that they have yet to rebound financially from the recent economic crisis. In fact, countless people are still unemployed or reentering the workforce from retirement out of necessity. There are clues, however, that the U. S. economy may slowly be improving, offering… Read More »

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Building your credit score after personal bankruptcy

By Nowack & Olson, PLLC |

Every year, many people in Fort Lauderdale find debt relief from personal bankruptcy. Filing for bankruptcy can help in a variety of situations; whether you are struggling with unemployment, have high medical bills, or you have overwhelming credit card debt, bankruptcy can give you the fresh start you are looking for. Despite this, many… Read More »

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Credit card company says that consumers are less afraid of debt

By Nowack & Olson, PLLC |

As consumers use their credit cards more often, the use of debit cards is declining. This is a reversal of the trend that we saw after the financial crisis in 2008, when $141 billion of credit card spending was shifted to debit cards. When the economy was bad, people paid with debit because they… Read More »

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Florida debt relief company owes $9.9M for fraudulent practices

By Nowack & Olson, PLLC |

In recent years, many residents of Fort Lauderdale have faced financial challenges. Some of these citizens were able to scale back on their spending and make ends meet. Other people filed for bankruptcy in order to find relief from creditors. Still others hired debt relief companies to help them reduce their credit card debt…. Read More »

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Why bankruptcies may increase as the economy improves

By Nowack & Olson, PLLC |

It is no secret that many residents of Florida have struggled finically over the last several years. With a sluggish economy and a high-rate of unemployment, it was difficult for many families to pay their bills. As a result, some people found refuge in bankruptcy. Now that the economy is improving, will bankruptcy filings… Read More »

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Study hints at tough economic situation in Florida

By Nowack & Olson, PLLC |

Americans were hit hard by the economic recession, and many Florida residents felt the effects in the housing market, the loss of jobs and the loss of revenue for the construction industry. While the national economy has hinted at a small recovery as numbers stabilize, many in Florida are still feeling the impacts of… Read More »

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Hospital opts for bankruptcy to find strong partner

By Nowack & Olson, PLLC |

The health care industry has faced many ups and downs over the last decade, and many are unsure of what to expect from the future as new legislation is introduced and implemented regarding the health care of most Americans. As hospitals and clinics work to save lives and heal the citizens of Florida, many… Read More »

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Florida CFO candidate filed for personal bankruptcy three times

By Nowack & Olson, PLLC |

When Floridians run into financial trouble due to the loss of a job, unexpected medical expenses, or some other cause, they sometimes find debt relief through bankruptcy. Fortunately, most people learn from these challenges and take steps to avoid Chapter 13 or Chapter 7 bankruptcy in the future. Just after he announced his plans… Read More »

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Miami firm files Chapter 7 bankruptcy over milk scandal

By Nowack & Olson, PLLC |

An importer of a food or drink does not personally manufacture the goods it resells. Therefore, it must have an excellent relationship with its supplier. The importer counts on the supplier to be honest about ingredients, avoid contaminants, and use a consistent formula when making the product. It can be challenging for the importer… Read More »

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More credit card offers available to consumers

By Nowack & Olson, PLLC |

Money management is difficult, especially in a tough economy. Some Floridians are struggling to pay off credit card debt. Although credit cards can lead to financial disaster if they’re misused, they can provide consumers with rewards as well as the opportunity to build their credit history. For consumers and merchants, credit and debit cards… Read More »

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