Tag Archives: Plantation Bankruptcy Lawyer
Massachusetts Doctor Files for Bankruptcy to Avoid Jail
In one of the more unusual bankruptcy cases we have heard about, a doctor in Brookline, Massachusetts has filed bankruptcy to avoid going to jail. As reported by WBUR in late August, Dr. Nataly Minkina owed about $250,000 stemming from a lawsuit she filed against her lawyers. Thanks to the bankruptcy code’s automatic stay,… Read More »
More Older Americans Are Filing for Bankruptcy
According to a new study reported in the Wall Street Journal, more Americans over age 65 are filing for bankruptcy than at any other time before. In fact, the rate of seniors filing for bankruptcy has more than tripled since 1991—a staggering fact. If you are considering bankruptcy as a senior, there are things… Read More »
Starting a New Business after Bankruptcy
Many of our clients here at Nowack & Olson are interested in how they can re-establish their credit after filing for bankruptcy. But our business clients often have a slightly different concern—how to start a new business soon after a business bankruptcy. Maybe you caught the bug and can’t envision working for someone else…. Read More »
Just Moved to Florida. Can I File for Bankruptcy?
People move all the time now for a variety of reasons. Maybe you or your spouse accepted a new job in Florida, or perhaps you are one of the state’s most recent retirees who have moved here to enjoy the sun in your golden years. Whatever your reasons for coming to Florida, you might… Read More »
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 »
Changes in Consumer Credit 10 Years after the Great Recession
TransUnion’s recently released Industry Insights Report provides a helpful window to compare the state of credit 10 years after the start of the last recession. The report provides optimism that consumers are in a much better place today than they were a decade earlier, and therefore are much better equipped to handle a financial… Read More »
Converting a Chapter 13 Bankruptcy to a Chapter 7
A Chapter 13 bankruptcy offers some advantages over a Chapter 7, but it is not for everyone. As an example, you don’t need to hand over non-exempt property, such as your car or investment property, to the trustee in a Chapter 13. However, you do have to complete a repayment plan that can last… Read More »
Best Way to Pay Off Your Debts
As summer turns to fall, many Floridians are assessing their financial situation. Having splurged on a summer vacation with the kids, you might be shocked when your credit card bill arrives in the next few months. Fortunately, many Americans pull themselves out of debt each year without the help of a debt management firm… Read More »
Can a Non-Citizen File for Bankruptcy Protection?
Yes. Believe it or not, the bankruptcy code does not require that you be a United States citizen to seek bankruptcy protection. However, you still must meet certain requirements that prevent people from making a pit stop in the U.S. and filing. Do You Qualify as a Debtor? The bankruptcy code does require that… Read More »
Will You Lose Your Jewelry in Bankruptcy?
Bankruptcy protection is usually a good deal for most indebted consumers. Filing will immediately halt all collection efforts, such as creditor lawsuits and repossessions. Also, you can typically discharge (wipe out) unsecured debts like credit card debts and medical debt entirely. However, bankruptcy does come with some downsides. One concern we hear from consumers… Read More »