Tag Archives: filing for bankruptcy
Does Filing for Bankruptcy a Second Time Make Sense?
Financial difficulties can crop up at any moment. Many Americans seem to experience at least one crisis every decade, and they might consider filing for bankruptcy. But what happens if you already filed for bankruptcy once before? The good news is that there is no rule preventing people from filing for bankruptcy a second… Read More »
Signs You are Headed for Bankruptcy
At Nowack & Olson, we constantly hear from clients who tell us that they never thought they would be sitting across from a bankruptcy lawyer. Bankruptcy seems to sneak up on them. However, there are some certain signs that everyone should be aware of. If you see any of these signs, then you should… Read More »
Five Surprising Benefits of Filing for Bankruptcy
Many people understand that bankruptcy is an effective way of wiping out certain unsecured debts like credit card or medical debt. But bankruptcy also has many benefits you might never have heard of. Some of the more surprising benefits include the following. You Change the Payment Terms on Your Car Loan Many debtors are… Read More »
The Dangers of Using a Paralegal to File for Bankruptcy
Many bankruptcy lawyers receive many panicked calls from consumers who have tried to file for bankruptcy on their own. Everything seemed to be going smoothly but then, suddenly, they realized that they did not fill out the paperwork properly. As a result, some consumers have their petitions rejected by the bankruptcy court. As a… Read More »
5 Mistakes People Make before Filing for Bankruptcy
If done right, bankruptcy can provide you with a fresh financial start and a new outlook on life. However, we have seen people commit some common errors before filing. These mistakes can cause the court to reject your bankruptcy petition, and they can be costly to fix. Before filing for bankruptcy, make sure to… Read More »
Will Filing for Bankruptcy Affect Your Career?
One reason people are afraid to file for bankruptcy is the belief that it will negatively impact their careers. Most people have some sense that a bankruptcy will be reported on their credit report and that many employers pull credit reports before hiring. It is a perfectly valid concern to have, but it shouldn’t… Read More »
The Benefits of Hiring a Florida Bankruptcy Attorney
This is definitely a Do-It-Yourself culture. Many Floridians write their own wills, file their own divorce papers, and bring cases in small claims court, all without the help of a lawyer. But a bankruptcy case is different. Not only do you want to get it right the first time, but studies reveal that you… Read More »
How bankruptcy can help you keep your home
If you are facing the possibility of losing your home to foreclosure, it is important that you understand that you have the right to fight back and that you have options to save your home. While there can be a number of different approaches to dealing with mortgage debt, filing for bankruptcy has a… Read More »
Certain IRA accounts may be considered exempt in FL bankruptcy cases
During hard economic times, some Florida residents are compelled to declare bankruptcy as a way to gain financial freedom from uncontrollable debt. As part of the bankruptcy process, people are required to list their assets and property as well as their debt. The trustee assigned to the case has the ability to reclaim certain… Read More »
Credit card company says that consumers are less afraid of debt
As consumers use their credit cards more often, the use of debit cards is declining. This is a reversal of the trend that we saw after the financial crisis in 2008, when $141 billion of credit card spending was shifted to debit cards. When the economy was bad, people paid with debit because they… Read More »