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Category Archives: Personal Bankruptcy

Struggling economy hits high-end housing market

By Nowack & Olson, PLLC |

While cities all around the country have been seriously impacted the housing bubble burst and economic crisis in recent years, places like Miami and Fort Lauderdale, Florida, were hit especially hard. Now, new evidence suggests that the latest demographic facing foreclosure in large numbers may be among the wealthiest in the nation. And apparently… Read More »

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Fast food industry may be hurting already struggling economy

By Nowack & Olson, PLLC |

As South Florida and other areas of the country continue to struggle and recuperate from the recent financial crisis, countless people face the prospect of unemployment or being forced out of retirement. The fast food industry employs millions of Americans each year, and reflects shifts in employment conditions as more adults and breadwinners are… Read More »

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Promising signs for a struggling economy

By Nowack & Olson, PLLC |

In places like Broward County, Florida, and elsewhere, many families would argue that they have yet to rebound financially from the recent economic crisis. In fact, countless people are still unemployed or reentering the workforce from retirement out of necessity. There are clues, however, that the U. S. economy may slowly be improving, offering… Read More »

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Building your credit score after personal bankruptcy

By Nowack & Olson, PLLC |

Every year, many people in Fort Lauderdale find debt relief from personal bankruptcy. Filing for bankruptcy can help in a variety of situations; whether you are struggling with unemployment, have high medical bills, or you have overwhelming credit card debt, bankruptcy can give you the fresh start you are looking for. Despite this, many… Read More »

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Florida debt relief company owes $9.9M for fraudulent practices

By Nowack & Olson, PLLC |

In recent years, many residents of Fort Lauderdale have faced financial challenges. Some of these citizens were able to scale back on their spending and make ends meet. Other people filed for bankruptcy in order to find relief from creditors. Still others hired debt relief companies to help them reduce their credit card debt…. Read More »

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Study hints at tough economic situation in Florida

By Nowack & Olson, PLLC |

Americans were hit hard by the economic recession, and many Florida residents felt the effects in the housing market, the loss of jobs and the loss of revenue for the construction industry. While the national economy has hinted at a small recovery as numbers stabilize, many in Florida are still feeling the impacts of… Read More »

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Hospital opts for bankruptcy to find strong partner

By Nowack & Olson, PLLC |

The health care industry has faced many ups and downs over the last decade, and many are unsure of what to expect from the future as new legislation is introduced and implemented regarding the health care of most Americans. As hospitals and clinics work to save lives and heal the citizens of Florida, many… Read More »

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Florida CFO candidate filed for personal bankruptcy three times

By Nowack & Olson, PLLC |

When Floridians run into financial trouble due to the loss of a job, unexpected medical expenses, or some other cause, they sometimes find debt relief through bankruptcy. Fortunately, most people learn from these challenges and take steps to avoid Chapter 13 or Chapter 7 bankruptcy in the future. Just after he announced his plans… Read More »

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Bank misidentifies house for repossession

By Nowack & Olson, PLLC |

Since the housing crisis, many people in Florida became unable to make their mortgage payments, and banks processed an unprecedented number of foreclosures. The backlog may have forced some bankers to rush through the process, and they may have incorrectly handled some foreclosures. When a woman returned from a two-week vacation, her lawn had… Read More »

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Slow economy forces young couples to delay or skip parenthood

By Nowack & Olson, PLLC |

Although many Floridians would consider a child a blessing, few people can dispute that having a child is a huge financial undertaking. From diapers to a college education, the expenses can add up. Unfortunately, when parents are also struggling with credit card debt, student loan debt, mortgages, and other financial obligations, the costs of… Read More »

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