Tag Archives: Plantation Bankruptcy Lawyer
Boy Scouts Considering Bankruptcy
In a surprise announcement, the Boy Scouts of America have reported that they are considering bankruptcy. The news is especially surprising given the organization’s recent decision to begin allowing girls into the program—a move that was largely viewed as the death knell for the Girl Scouts. However, the Boy Scouts have been laboring under… Read More »
Bankruptcy & Mobile Homes in Florida
Indebted consumers in Florida can typically choose between two bankruptcies—Chapter 7 or Chapter 13. With a Chapter 13, consumers do not lose any property, but they will need to stick to a repayment plan for 3-5 years before debts are discharged. With a Chapter 7, however, debtors can lose non-exempt property, which the trustee… Read More »
Florida Companies File for Bankruptcy
Although giant retailers like Sears and Toys R Us get all the attention, smaller Florida businesses have also been filing for bankruptcy protection recently. Whether these companies can reorganize their debts successfully remains to be seen, but if your small business is struggling, realize that you are not alone. Promise Healthcare Group Seeks Chapter… Read More »
How to Create a Budget
A budget is a basic financial planning tool that all people should have. As lawyers at a prominent bankruptcy firm in Plantation, we are constantly surprised at how few clients have created a budget. As a result, few of them fully understand how much money they make each month and what exactly they are… Read More »
Retirement and Bankruptcy
Most Americans envision their retirement as a peaceful time to enjoy family, friends, and hobbies. Unfortunately, for many Americans, retirement is a time of enormous financial stress. Not only does your income typically plunge, but medical expenses can also skyrocket. At this time of life, you might find yourself more financially distressed than at… Read More »
You Should Discuss Your Finances Before Saying “I Do”
When you get married, you agree to take your spouse “for richer or poorer,” as well as in sickness and in health. Unfortunately, some newlyweds are in for a nasty surprise when they discover that their newly-minted spouse has terrible credit—and possibly far worse. To avoid any unpleasant discoveries, you should have an honest… Read More »
What to Look for in a Credit Counselor
Many indebted consumers try credit counseling in an attempt to get on top of their debt. Although credit counseling is not a silver bullet, it can sometimes help consumers who need a little bit of time to whittle away at their financial obligations But not all credit counselors are the same. In fact, there… Read More »
How to Keep Medical Debt from Affecting Your Credit Score
The United States is still a long way off from providing health care for all of its citizens. Even if you have health insurance, you might have a sky-high deductible or a very-low reimbursement rate. It is not unusual for even insured people to have tens of thousands of dollars in medical bills, and… Read More »
Foreclosure Myths
The housing market has recovered over the past few years, but thousands of homeowners still struggle to pay their mortgage each month. When homeowners cannot make payments, the bank might start the foreclosure process. At Nowack & Olson, we have heard some pretty inaccurate information about the home foreclosure process, so we bust some… Read More »
First Toys ‘R Us, Now Sears…Who’s Next?
The news that giant retailer Sears had filed for bankruptcy on October 15, 2018 should not have been surprising. For years, Sears and its subsidiary Kmart have been closing stores around the country. However, it is always an unsettling experience to watch one of the nation’s oldest retailers admit that it cannot pay its… Read More »