Switch to ADA Accessible Theme
Close Menu
Florida Bankruptcy Lawyer
Call Today For A Free Consultation 866-907-2970 Hablamos Español

Category Archives: Bankruptcy

EmptyWallet

Top Sources of Financial Stress—And How to Deal with Them

By Nowack & Olson, PLLC |

Are you constantly worried about finances? If so, then you are not alone. According to recent studies mentioned at the Motley Fool website, over 20 million Americans are stressed about finances, even with the economy experiencing a record-breaking expansion. Some financial problems can be solved with a little work, though others are insurmountable. If… Read More »

Facebook Twitter LinkedIn
BankrLaw

Trump Signs Law Protecting Veterans Disability Payments in Bankruptcy

By Nowack & Olson, PLLC |

To qualify for Chapter 7 bankruptcy, a filer cannot have income that is too high. Instead, he or she must pass a means test that looks at how much the filer earns and compares it to the median for his state. As of August 2019, a single filer in Florida, for example, cannot make… Read More »

Facebook Twitter LinkedIn
Bankr12

5 Signs it Is Time to File for Bankruptcy Protection

By Nowack & Olson, PLLC |

No one is eager to file for bankruptcy. Many people will do anything to delay the day of reckoning. Some will even sell their possessions, even their car, to put off a bankruptcy filing. However, financial stress takes its toll on people’s lives, leaving many people with sleepless nights and mounting bills. Below, we… Read More »

Facebook Twitter LinkedIn
Bank1

Real Estate Executive Convicted of Bankruptcy Fraud

By Nowack & Olson, PLLC |

Wouldn’t it be great to wipe out all debts and not lose anything in return? If you have few assets and are low income, then this might be the reality. However, higher-income people are likely to lose money in bank accounts or other assets in exchange for having debts elimination. The temptation to hide… Read More »

Facebook Twitter LinkedIn
OpenCredit

Should You Get a Credit Card after Bankruptcy?

By Nowack & Olson, PLLC |

When you file for bankruptcy, you probably assume that your credit score has been permanently shredded and that you’ll never qualify for a car loan or a credit card again. As many of our clients discover, however, this couldn’t be farther from the truth. Some of them are shocked to find out they have… Read More »

Facebook Twitter LinkedIn
Bank_Elder

The Connection Between Losing Health Insurance and Bankruptcy

By Nowack & Olson, PLLC |

Market Watch has summarized the findings of a new study that analyzed Bureau of Labor Statistics data for over 12,500 people. The researchers found a strong link that should not be surprising to readers of our blog. In particular, they found that losing medical coverage, even briefly, increased the odds of filing for bankruptcy…. Read More »

Facebook Twitter LinkedIn
Bankruptcy14

Job Losses Related to Bankruptcy are Rising

By Nowack & Olson, PLLC |

Is the economy hot or cold? We ask that question a lot on our blog because the data is usually conflicting. Recently, we found out that the U.S. created a healthy 164,000 jobs for July 2019. However, we also learned that the Federal Reserve cut a key interest rate to apparently stimulate the economy…. Read More »

Facebook Twitter LinkedIn
BusBankr

Barneys is the Latest Retailer to File for Bankruptcy Protection

By Nowack & Olson, PLLC |

The retail market continues to be roiled, and this time the latest victim is a high-end retailer, Barneys. There is no question that ecommerce has caused the retail sector to shrink. Instead of walking into a store, consumers can shop and order practically anything they want online, which is then delivered straight to their… Read More »

Facebook Twitter LinkedIn
Bankruptcy4

Which States Have the Highest Bankruptcy Rates?

By Nowack & Olson, PLLC |

Bankruptcy law is largely federal, so the same rules apply to everybody around the country. One interesting question is which states have the most bankruptcies. Of course, this will depend on population. No one should be surprised if California has more bankruptcies than Vermont, since California has a population almost 60 times as large…. Read More »

Facebook Twitter LinkedIn
DebtCollection

What to Do if a Creditor Tries to Collect on a Discharged Debt

By Nowack & Olson, PLLC |

Getting your debts discharged in bankruptcy will come as a relief. At last, the heavy burden of crushing debts has been lifted, and many of our clients report a renewed optimism as they confront the future. However, we have also heard from clients who have had creditors try to collect on a discharged debt…. Read More »

Facebook Twitter LinkedIn