I Need Help Now
Special Discounts For
Hurricane Victims!
Nowack & Olson, PLLC
South Florida
Bankruptcy Attorneys
Free Consultation

November 2016 Archives

How Chapter 13 bankruptcy affects child and spousal support

Many Florida residents who file for Chapter 13 bankruptcy protection have outstanding child support and alimony debts. These financial obligations will not be canceled as a result of a bankruptcy, though the outstanding debts may not have to be paid in full. After a debtor completes the Chapter 13 bankruptcy process, obligations to make future child and spousal support payments will remain in effect.

An alarming number of South Florida homeowners still face foreclosure. What can you do to make sure you are not one of them?

Recent information indicates that, through October of 2016, approximately 1 in every 830 homeowners in Miami-Dade County was facing foreclosure. In Broward County, it's about 1 in every 620. If you are struggling to keep up with your mortgage payments, you don't have to become one of these statistics.

How to deal with debt collection agencies

Florida residents who have been contacted by a threatening debt collection agency about a bill they believe they do not owe, or one that is much more than they owe, might be wondering what they should do. While many people think paying off the bill will solve the problem, there are other solutions.

Bankrupt dentist allowed to transfer condo before petition

Not every Florida resident who files for Chapter 13 bankruptcy will qualify. Some debtors will have to file for Chapter 7 bankruptcy because they do not earn enough income to fulfill the obligations in a Chapter 13 repayment plan. The Bankruptcy Appellate Panel for the 9th Circuit heard a case involving a dentist who had two Chapter 13 cases dismissed before he filed for Chapter 7 bankruptcy.

Converting bankruptcy chapters

When individuals or couples in Florida find themselves overwhelmed with debt, they often consider bankruptcy. While this option is not for everyone, it can offer people in financial trouble the opportunity to receive a fresh financial start and stop creditor harassment.

Bankruptcy and identity theft

When Florida residents are victims of identity theft, it is not unusual to have feelings of helplessness and frustration. This is particularly true when they find that the identity thief has been using their credit history to open credit and loan accounts in their name. If not caught in time, identity theft can cause significant damage to the victim's credit score and may result in aggressive collection efforts.

The bank has already started a foreclosure action against me. Is it too late to save my home?

The foreclosure process is a long, painful and brutal one. The home you have worked your entire life to own is at risk of being taken away from you. If you have received a so-called "breach letter," you will know that the bank has initiated a formal foreclosure action against you.

Avoiding bankruptcy

Florida residents who are struggling with large amounts of debt may feel overwhelmed and confused about how to manage their situation. While many realize that bankruptcy may be an option, they are often reluctant to go that route. This is due to a number of factors including negative feelings about bankruptcy, concern about what a bankruptcy will do to one's credit score and a reluctance to having to work within the court system.

Collections agencies pursuing consumers for zombie debts

As credit and debt become larger parts of American life, the debt collection industry has spawned a new term, zombie debt. Some Florida residents may already be familiar with the term, which refers to dormant bills brought back to life, so to speak, by debt collection companies. In some cases, zombie debt may arise from nowhere, as it is not uncommon for collections agencies to hound consumers for debts they never incurred in the first place.

What Can I Do To Stop The Foreclosure Of My Home?

If you have received notice from your lender that it intends to foreclose on your property, there have probably been notifications and conversations about late payments that have led up to it. However, there is nothing that is quite as unnerving as the finality of a lender's decision to attempt to take your home.

How creditors collect secured and unsecured debts

Florida residents who are overwhelmed by their financial obligations may have a combination of secured and unsecured debts. Secured debts are loans that are tied to physical property that can be seized if the debtor defaults. The most common examples of secured debts are home mortgages and auto loans. Unsecured debts are credit cards, student loans, business lines of credit and other kinds of loans that are issued based on the debtor's creditworthiness alone.

Studies show unconscious racial bias in bankruptcy filings

The two primary forms of bankruptcy for Florida consumers are Chapter 7 and Chapter 13. Which one is filed under will depend on a variety of factors, including the person's income and expenses and whether the person is employed. Although the factors that go into a bankruptcy filing do not have anything to do with the debtor's race, multiple studies have shown that there is racial bias in bankruptcy cases.

Giving DEBT debt the once-over

Many Florida residents carry some form of debt. While they may have a negative view of owing money, financial experts are quick to note that there are different types of debt. In fact, sometimes owing money can actually be positive and beneficial to one's overall financial health.

Email Us For a Response

Let Us Help You

Bold labels are required.

Contact Information

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.


Privacy Policy

Sunrise Office
8551 West Sunrise Blvd., Suite 208
Plantation, FL 33322

Toll Free: 888-813-4737
Phone: 954-349-2265
Plantation Law Office Map

Doral Office
8180 NW 36th St., Suite 102
Miami, FL 33166

Toll Free: 888-813-4737
Phone: 305-698-2265
Miami Law Office Map

Boca Raton & Delray Beach Office
6501 Congress Ave., Suite 100
Boca Raton, FL 33487

Toll Free: 888-813-4737
Phone: 561-463-2265
Boca Raton Law Office Map

Jupiter & Palm Beach Gardens Office
601 Heritage Dr., Suite 137A
Jupiter, FL 33458

Toll Free: 888-813-4737
Phone: 561-463-2265
Jupiter Law Office Map