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Category Archives: Bankruptcy

Cash

4 Mistakes That Can Damage Your Bankruptcy Case

By Nowack & Olson, PLLC |

Bankruptcy may be the solution you have been waiting for if you have found yourself in a place where you are struggling to keep up with your debt. After all, bankruptcy can help you gain a fresh financial start and enable you to begin putting your finances in a better position. And despite what… Read More »

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BankAtty

How To Find The Right Bankruptcy Attorney

By Nowack & Olson, PLLC |

If you have thought about filing for bankruptcy after experiencing financial constraints related to the COVID-19 pandemic, you are not alone. At least 17 major retailers have been sent into bankruptcy during the year since the virus landed on American soil and many individuals have similarly turned to bankruptcy in an attempt to escape… Read More »

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Bankr9

Two Signs Bankruptcy May Be A Good Option

By Nowack & Olson, PLLC |

Bankruptcy might sound like an ominous and scary term, but in reality, it can carry numerous benefits for those who are suffering under substantial debt that they don’t see any realistic way out of. As opposed to irresponsible spending, most Americans find themselves filing for bankruptcy simply because of financial hardship caused by not… Read More »

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Couple

Should I Wait To File For Bankruptcy?

By Nowack & Olson, PLLC |

Even if you have decided that bankruptcy is the right choice for you, there is a good chance you have also debated whether you should file for bankruptcy now or wait. If you are hesitating to proceed, that isn’t necessarily a bad thing. After all, the timing of your filing can affect your case… Read More »

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BusinessBankruptcy

3 Misconceptions About The Chapter 11 Bankruptcy Process For Businesses

By Nowack & Olson, PLLC |

No one is ever planning to end up in significant debt. However, both individuals and businesses can find themselves in the unfortunate position of being weighed down by expenses owed. Substantial debt can occur for a variety of reasons, many of which are perfectly understandable and could happen to any of us. The results… Read More »

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BankrHand

Retailers And Chapter 11 Bankruptcy During The Pandemic

By Nowack & Olson, PLLC |

With so many Americans spending so much of the last several months primarily at home, it likely comes as no surprise that retailers – those who own retail stores and produce and supply retail goods for consumers – have struggled in the face of the ongoing COVID-19 pandemic. This is especially true when it… Read More »

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Bank11

A Recent Example Of The Consequences Of Bankruptcy Fraud Allegations

By Nowack & Olson, PLLC |

According to the Department of Justice, Dan Kamensky, the founder of hedge fund Marble Ridge Capital, pled guilty in February to bankruptcy fraud related to Neiman Marcus. The hedge fund founder pled in response to allegations of a scheme to pressure a rival bidder to abandon its higher bid for assets in connection with… Read More »

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MedBills

Why Bankruptcy May be the Solution for Your Medical Debt

By Nowack & Olson, PLLC |

If you are one of the millions of Americans who is struggling to pay bills due to unexpected medical debt, you are not alone. Unfortunately, no one can predict or prevent a major health issue. When an emergency happens you simply have to figure out a way to get treatment – even if it’s… Read More »

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Tax1

Your Tax Refund and Bankruptcy

By Nowack & Olson, PLLC |

The end of tax season can mean getting a substantial refund which is something that many Americans look forward to every spring and even this year when the deadline has been extended. In Fiscal Year 2019, the IRS collected more than $3.5 trillion in gross taxes and issued almost 122 million tax refunds that… Read More »

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Bankr18

Empty Threats Commonly Made By Debt Collectors

By Nowack & Olson, PLLC |

The realization that you are having serious financial problems you don’t have a solution to is hard enough to face. The last thing anyone who is already under financial stress needs is more stress in the form of ongoing contact with debt collectors. But unfortunately, those who are suffering the most financially often experience… Read More »

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