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Tag Archives: personal bankruptcy

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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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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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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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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Florida foreclosures may be good for recovering market

By Nowack & Olson, PLLC |

What will the new Florida bill to speed up our state’s lagging foreclosures mean for Floridians? Millions are still enduring financial challenges, while others are recovering along with the housing market, looking to buy property, and moving on. Whether you’re facing foreclosure now or if you’re recovering from a personal bankruptcy and attempting to… Read More »

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Life after personal bankruptcy isn’t the end of the world

By Nowack & Olson, PLLC |

Millions of Floridians are facing a wide range of financial challenges. If you’re struggling to pay your bills, you may have come up with a list of possible solutions to get you and your family out of the mess. But, like most Americans, you might think that filing for bankruptcy is a scary option… 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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Appeals courts define IRA bankruptcy exemptions differently

By Nowack & Olson, PLLC |

Some people would say that standardized laws regarding bankruptcy exemptions and other rules would be helpful and make the bankruptcy process easier for Florida residents as well as people across the country. If someone moves to another state where bankruptcy law is different, it can cause confusion and even remove the option for people… Read More »

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Students struggling with debt may soon see student loan changes

By Nowack & Olson, PLLC |

Since the 1970s, student loans have been mostly exempt from bankruptcy discharge. Students and graduates crushed by overwhelming debt have been unable to find relief from their student loans by filing for Chapter 7 bankruptcy. Florida’s governor and many other politicians from both political sides are listening to student activist groups and advocates about… Read More »

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