Tag Archives: Florida Bankruptcy Attorney
Toys ‘R Us Bankruptcy Hit Toys for Tots Program
The recent bankruptcy filing and closure of giant retailer Toys ‘R Us made it harder for parents to find toys for their children this holiday season. The bankruptcy filing also hammered the famous Toys for Tots program, hampering the charity’s ability to obtain the toys it needs to distribute to needy families. Toys for… Read More »
Is the Recent Foreclosure Spike a Sign of an Economic Downtown?
For the past decade, consumers have been able to dig out of debt and even begin to build savings. Some savvy consumers have even managed to save enough for a down payment on a home and take advantage of favorable interest rates. However, storm clouds might be on the horizon. A recent report shows… Read More »
How to Discuss Bankruptcy with Your Spouse
One feature of the bankruptcy code is that married consumers can file for bankruptcy with their spouse. Of course, not everyone should file with their spouse. And even if you choose to file as an individual, your bankruptcy will affect your spouse and your future together. All of this is to say that married… Read More »
Why Do People Fail to Complete a Chapter 13 Bankruptcy?
Chapter 13 has proven itself to be an attractive alternative to Chapter 7 liquidation. With a Chapter 13 bankruptcy, consumers can retain all of their non-exempt property while using disposable income to pay off a portion of their unsecured debt over the course of a few years. At the end of the repayment period,… Read More »
Three Questions about Florida’s Homestead Exemption
One fear many consumers have when filing for bankruptcy is that they will lose their home. This fear is rational. After all, in a Chapter 7 bankruptcy, the trustee in charge of your estate can sell assets in order to pay back your creditors. This means they can sell your home and use any… Read More »
Red Flags that You Have Hired the Wrong Bankruptcy Attorney
Hiring the right attorney to represent you is probably the single most important task any debtor must make when considering bankruptcy. If you are like most people, you probably don’t know any lawyers, in particular bankruptcy lawyers. You might have picked a name out of the phone book or scribbled down the phone number… Read More »
Should Spouses File Bankruptcy Together?
At Nowack & Olson, we hear from married couples wondering whether they should file for bankruptcy together. While it is certainly possible for married couples to file a joint bankruptcy, this is not the right move for every couple to make. Before filing jointly, you should consider how a bankruptcy will impact you as… Read More »
How to Amend Bankruptcy Filings
To file for bankruptcy, you need to fill out many forms. Some of these forms ask for detailed information about your assets, whereas others request information about your debts. It is very easy to make a mistake and leave information off, especially if you are trying to represent yourself. So how do you amend… Read More »
Bankruptcy and Your Tax Refund
Now that the tax filing deadline has come and gone, you might be expecting a refund on your taxes. However, if you are planning to file for bankruptcy any time soon, you need to understand how filing will affect your tax return. In certain situations, consumers might choose to file a different bankruptcy or… Read More »
Questions to Ask a Bankruptcy Attorney
Before hiring a bankruptcy attorney, you should schedule a consultation with the law firm. The purpose of this consultation is to give you a chance to ask any questions you have and for the lawyer to better understand your situation. At Nowack & Olson, we are happy to offer all potential clients a free… Read More »