Category Archives: Bankruptcy
Facts about Florida Wage Garnishment
Garnishment is a popular tool used by creditors to collect on a debt. Most often, a creditor uses garnishment to take a portion of a debtor’s paycheck. The creditor gets a writ of garnishment issued to the debtor’s employer, who withholds the required sum and sends it to the creditor. There are several state… Read More »
Can a Business Owner Benefit from a Chapter 13 Bankruptcy?
A business entity cannot file for Chapter 13 bankruptcy protection. However, this option might be appropriate if you are a sole proprietor and are worried about losing property. At Nowack & Olson, our Plantation bankruptcy lawyers have helped many small business owners analyze their bankruptcy options. In some cases, a Chapter 7 liquidation is… Read More »
Completing Your Chapter 7 Bankruptcy
After filing for Chapter 7 bankruptcy, you might feel intense relief. However, quite a bit of work remains before you receive the discharge of your debts. At Nowack & Olson, PLLC we guide our clients throughout the entire bankruptcy process. We will stand by your side every step of the way until you receive… Read More »
Avoiding Bankruptcy Scams
Financial stress can impair a person’s ability to think clearly, making them vulnerable to scams. Unfortunately, many distressed consumers find themselves fleeced by fraudulent companies that scam them out of thousands of dollars. If you want to learn more about bankruptcy, speak with a Plantation bankruptcy attorney at Nowack & Olson today. We have… Read More »
5 Tips to Relieve Financial Stress
Money difficulties cause a series of problems, from divorce to illness. Disagreements about money are a leading cause of divorce, and constant money worries can lead to exhaustion and sleeplessness. Millions of Americans are currently struggling with joblessness, uncertainty, and high debt. Fortunately, there are tangible steps that people can take to take control… Read More »
Half of Americans Fear a Medical Bankruptcy
According to a Gallup survey, 50% of all Americans are worried that they could be driven into bankruptcy due to a medical event. This represents a 5% increase on the number of Americans who expressed this fear the year before. Younger Americans aged 18-29 and non-whites showed the biggest increase in concern. We are… Read More »
Will You Lose Unemployment Benefits if You File for Chapter 7 Bankruptcy?
Unemployment benefits have been a lifeboat for many Floridians struggling with the cratering economy. Millions of fellow Floridians have filed for benefits at least once since the start of the coronavirus pandemic in mid-March. Without these benefits, many of our neighbors would have been unable to meet their basic needs. Many clients are worried… Read More »
Stopping a Florida Eviction
Governor DeSantis has extended the moratorium on evictions for the fifth straight month. The moratorium only protects those who are being evicted due to non-payment of rent if the COVID-19 pandemic is the cause. The most recent extension will last all of September; however, evictions can start back up again on October 1, 2020…. Read More »
Is Refinancing Student Loans Worth It?
Student loan debt continues to weigh down a generation of Americans. Even though education usually translates into higher lifetime income, many people are struggling to pay their bills. Even worse, student loans are harder to discharge in bankruptcy than other types of unsecured debt, so the odds are high you are stuck paying them… Read More »
Stein Mart Files for Bankruptcy, Begins to Wind Down
Florida discount retailer Stein Mart Department Stores is only the latest business to file for bankruptcy protection. According to the Jacksonville Daily Record, Stein Mart could not find a buyer, so the company will begin winding down even though it filed for Chapter 11 protection, which allows debtors to continue to operate as they… Read More »