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Bankruptcy And Evictions

By Nowack & Olson, PLLC |

Of all the bills that can pile up and land you in debt, one of the most stressful scenarios is undoubtedly realizing you have fallen far behind on the home you rent. And unfortunately, this has been one of the ongoing stressors of the COVID-19 pandemic for many Americans. A survey published in March… Read More »

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Who Files For Bankruptcy?

By Nowack & Olson, PLLC |

There is a common misconception that financial mismanagement is the reason why most people file for bankruptcy. However, most people instead make this choice when their debt situation has become hopeless for reasons they never could have anticipated. While no one sets out hoping to file for bankruptcy, if you find yourself over your… Read More »

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3 Tips For Choosing A Bankruptcy Attorney In Florida

By Nowack & Olson, PLLC |

Bad things can happen to anyone during a financial crisis. In many cases, the circumstances that arise due to these kinds of crises occur unexpectedly and can bring debt that stacks up more quickly than you could have ever imagined. People typically seek bankruptcy for circumstances that fall outside of their control such as… Read More »

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Life After Bankruptcy: Maintaining Financial Stability After Your Bankruptcy Discharge

By Nowack & Olson, PLLC |

Finding yourself on the successful end of a completed Florida bankruptcy case is undeniably a huge relief after struggling financially for so long. Many people are then surprised to find that what they may have assumed would be a simpler pathway instead seemingly has a new challenge around every turn. Being on the other… Read More »

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Two Critical Steps For Preparing For Your Consultation With A Bankruptcy Attorney

By Nowack & Olson, PLLC |

As asserted by the Internal Revenue Service (IRS), the bankruptcy laws enacted by Congress serve to, among other functions, give honest debtors who are struggling financially a clean slate. A successful bankruptcy process results in a permanent discharge of the collection of certain debts which means a debtor ends up no longer being personally… Read More »

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Why Would Someone In Debt File For Bankruptcy?

By Nowack & Olson, PLLC |

One unfortunate fact about the state of our country is that debt is so common these days that it has become normalized. Consumer debt was already at over $14 trillion nationwide by November of last year with Americans carrying an average personal debt of $92,727. This overall debt figure includes credit card balances, student… Read More »

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Bankruptcy And Senior Citizens

By Nowack & Olson, PLLC |

No one wants to file for bankruptcy, especially when they have already reached a point in life where they thought they would be financially stable. However, the reality is that things sometimes happen later in life that cause us to get behind in ways we never thought we would. In this context, bankruptcy can… Read More »

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Discharging Student Loans With Bankruptcy

By Nowack & Olson, PLLC |

Student loans are a necessary evil for the majority of students in this country who simply don’t have the resources to obtain higher education through other means. Too many people who invest in their education later find themselves in a predicament where the same education that got them their dream career now results in… Read More »

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Does Bankruptcy Affect Child Support Payments?

By Nowack & Olson, PLLC |

Statistics published by the Federal Office of Child Support Enforcement (OCSE) indicate that states collected approximately $32 billion in fiscal year 2018 alone on behalf of the nearly 15 million children who are served by child support enforcement programs across the country. More than $1.4 billion dollars in child support was distributed to families… Read More »

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Overcoming The Emotional Toll Of Bankruptcy

By Nowack & Olson, PLLC |

Filing for bankruptcy has a misconception of being an easy way for people to avoid paying debt that they simply don’t want to pay. The truth is filing for bankruptcy is sometimes the only option for those who have found themselves struggling financially and deciding to file for business or personal bankruptcy is one… Read More »

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