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Category Archives: Chapter 13

Lawyer sanctioned in bankruptcy filing

By Nowack & Olson, PLLC |

People in Florida who are filing for bankruptcy may want to make sure that they supply their lawyer with original signed documents. In California, a lawyer was sanctioned when he was unable to back up electronically signed documents with original signatures. The law in this lawyer’s district permitted electronic signatures for electronically filed documents…. Read More »

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You can rebuild your credit after bankruptcy

By Nowack & Olson, PLLC |

When you’re dealing with overwhelming debts, filing for bankruptcy in Florida may be the best solution. Bankruptcy can stop the flood of threatening calls and letters from creditors and put a hold on any creditor actions that are taking place like foreclosure and wage garnishment. Although bankruptcy can negatively impact your credit score initially,… Read More »

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Bankruptcy and your new job application

By Nowack & Olson, PLLC |

Miami residents who have gone through Chapter 13 bankruptcy may want to consider how the filing could impact their future career aspirations. Thoughts expressed by at least one personal money management expert indicate that honesty might really be the best policy for individuals who are looking for a new job after previously filing for… Read More »

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Understanding the bankruptcy means test

By Nowack & Olson, PLLC |

Bankruptcy is a legal procedure that can be used for debt relief. In order to qualify, certain criteria have to be met. Florida residents who are considering Chapter 7 bankruptcy should know that the bankruptcy means test is one of the eligibility requirements. The two-part testwas initially designed to limit how many people would… Read More »

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Treating bankruptcy seriously

By Nowack & Olson, PLLC |

A bankruptcy filing can be dismissed for a number of reasons, including if there is any evidence that the information filed within the request was not true. Florida residents should take the bankruptcy process seriously and be aware that certain behavior can bring the validity of their bankruptcy filing into question. A similar recent… Read More »

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Rapper Memphis Bleek files for Chapter 13 bankruptcy

By Nowack & Olson, PLLC |

Florida residents who are fans of rapper Memphis Bleek may be interested to learn that he has filed for bankruptcy. The rapper filed March 14 for Chapter 13 bankruptcy in New Jersey. At the time, the 38-year-old claimed that he owned $274,190 in assets but had $384,804.91 in liabilities. Memphis Bleek, whose given name… Read More »

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Proposed changes for Chapter 13 bankruptcy

By Nowack & Olson, PLLC |

Florida residents who file for Chapter 13 bankruptcy often do so in order to keep some of their assets. This type of bankruptcy allows a person to arrange a payment plan that lasts for three to five years. The Judicial Conference Advisory Committee on Bankruptcy Rules has proposed an amendment to an existing rule,… Read More »

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Bankruptcy and small claims in Florida

By Nowack & Olson, PLLC |

When the dollar amount of a claim is under a threshold set by a jurisdiction, it will be settled in small claims court. If a creditor or another party wins a judgment against an individual, that individual must pay that amount or risk wage garnishment. However, it may be possible to eliminate that judgment… Read More »

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Filing for bankruptcy alone when you are married

By Nowack & Olson, PLLC |

If you are going through a divorce and need to file for bankruptcy in Florida, you may be wondering if it is possible to file without your spouse. You may also be in a situation in which you are married and not getting a divorce, but you still want to file for bankruptcy alone… Read More »

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Amending Chapter 13 plans after payment period expires

By Nowack & Olson, PLLC |

Bankruptcy can help a Florida couple to regain financial stability after dealing with a serious crisis, but the approach to filing could have long-term implications. In addition to affecting one’s credit history, for example, some forms of bankruptcy could be reconsidered based on the filer’s change in financial status at a later date. Chapter… Read More »

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