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Tag Archives: debt relief

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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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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Some colleges acknowledge students need debt relief

By Nowack & Olson, PLLC |

In today’s struggling economy, millions of consumers are suffering under crippling debt. A huge amount of this debt is in the form of student loans, which are getting close to the trillion dollar mark in America. Unfortunately, student loan debt relief is hard to get, since most types of student loans can’t be discharged… Read More »

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Fraud charges for woman filing for Chapter 13 multiple times

By Nowack & Olson, PLLC |

With the financial challenges that many people are facing in Florida, bankruptcy can be a good option for some. However, there are certain rules and qualifications for bankruptcy, to prevent people from abusing the system. The idea of being able to dismiss your debts or restructure them for easier payment can be tempting, but… Read More »

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Personal bankruptcy cases should be accurate in credit reports

By Nowack & Olson, PLLC |

When filing for bankruptcy in Florida, people facing financial challenges hope that they’ll be able to start over rebuilding their credit. But that won’t be able to happen if the major credit reporting bureaus haven’t accurately updated credit reports to reflect a bankruptcy debt dismissal. SmartCredit.com’s president of consumer education says the three main… Read More »

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Overall debt in South Florida is decreasing

By Nowack & Olson, PLLC |

You may have learned the hard way that it’s always good to keep your debts down to a minimum. Some types of debt, such as a mortgage or car loan, are often a necessary part of life, but others, particularly from credit cards, are best avoided or at least kept as low as possible…. Read More »

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Federal student loan consolidation as debt relief: important tips

By Nowack & Olson, PLLC |

In many ways, student loans can help out someone in need of college money, who might not otherwise have the chance at an education. Many student loans allow deferment until after graduation. However, jobs aren’t always in demand right after someone gets a degree, leaving the borrower in the unfortunate situation of not being… Read More »

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