Tag Archives: Plantation Bankruptcy Attorney
Bankruptcy as a Single Parent
Being a single parent is hard. Not only do you have to make all of the parenting decisions yourself, but you need to pay for everyday expenses without the benefit of another person’s income. Even if you are receiving child support, chances are the other parent is sometimes late with support—or in arrears altogether…. 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 »
Bankruptcy and Your Credit Score
Many people work hard to maintain a high credit score. According to one study, the average American credit score is 695, with Florida residents having an average score of 669. Nevertheless, many people with high scores are struggling to keep up with their bills. For them, bankruptcy might be the best option for erasing… Read More »
Should You Surrender Collateral in a Chapter 13 Bankruptcy?
One reason people choose a Chapter 13 bankruptcy over a Chapter 7 is that they do not want to lose property. In a Chapter 7, the trustee can sometimes sell property and distribute the proceeds to unsecured creditors. As a result, you might lose your car, boat, or other property. But what happens if… Read More »
How to Talk to Others about Your Bankruptcy
In this age of social media, people discuss practically every detail of their lives—their weight, the state of their love life, and even negative information about their jobs. But people still struggle when talking about money—in particular, their own difficulties staying afloat financially. At Nowack & Olson, we hear from many people who are… Read More »
I Have to Attend a Meeting of Creditors. Should I Be Worried?
Debtors who file a Chapter 7 bankruptcy must attend what is called 341 Meeting of Creditors, named after a section of the bankruptcy code. This meeting is unavoidable, so you are not about to encounter something that millions of debtors before you haven’t survived. Read on to learn more about this meeting. The Purpose… Read More »
Yes, Medical Debts Cause Bankruptcies
A recent article in Forbes tries to underplay how high medical expenses drive many consumers to bankruptcy. Titled “Exposing the Myth of Widespread Medical Bankruptcy,” this article simply reaffirms that many consumers struggle with debts caused by medical crises. At Nowack & Olson, we meet with clients every day who have suddenly fallen behind… Read More »
Florida’s Homestead Exemption in Bankruptcy
Florida residents pondering whether they should file for bankruptcy protection need to consider how filing will affect their assets. In many states, consumers who file for Chapter 7 bankruptcy can end up losing their homes and other valuable assets, such as their cars. Fortunately, the situation is different in Florida, but you still must… Read More »
How to Handle Aggressive Debt Collectors
Falling into debt is stressful enough as is, but on top of everything else you might get phone calls or personal visits from debt collectors. To protect your sanity, practice the following tips for fighting them off—while protecting your finances at the same time. Get Information about the Alleged Debt Many debt collectors buy… Read More »