» Bankruptcy Law

Sioux City, IA (Law Firm Newswire) March 28, 2014 – The Law Offices of Crary, Huff, Ringgenberg, Hartnett & Storm, PC are pleased to announce that Jeremy Saint has been made a principal with the law firm. Jeremy has been with the firm since 2007 and practices primarily in, but is not limited to, the areas of real estate, business and corporate law. He is a member of the Iowa State Bar Association and the Woodbury County Bar Association. He is a 2007 graduate of the University of Iowa College of Law, where he graduated with high distinction. Jeremy received […]


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Participants are paid to review branding material and provide feedback on proposed designs. San Francisco, CA (Law Firm Newswire) March 18, 2014 – When law firms rebrand, create new marketing literature or design a new website, they want to know what their target market thinks. Anyone who has hired a lawyer in the United States after 2004 can now receive compensation for participation in a Custom Legal Marketing focus group. To qualify, a focus group participant must have retained a lawyer within the last 10 years. Both the focus group member and the retained attorney must have been (and be) […]


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Brandon, FL (Law Firm Newswire) August 15, 2013 – A judge’s approval of Kodak’s plan to repay its creditors has put the company one step closer to emerging from Chapter 11 bankruptcy. Eastman Kodak Co. filed for bankruptcy protection in 2012 after getting left behind by the digital photography revolution. In addition to the repayment plan, Judge Allen Gropper also approved documents that Kodak will send to its many unsecured shareholders to persuade them to sign onto the company’s plan to continue as a much smaller, but profitable, enterprise. “Chapter 11 bankruptcy is a crucial tool for struggling individuals and […]


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Des Moines, IA (Law Firm Newswire) July 9, 2013 – Students having difficulty paying their student loans may qualify for some type of relief to assist them. Usually, student loans are not discharged as a result of filing bankruptcy. However, there may be relief in the form of income based payments, graduated payment plans, deferment or forbearance, remarked Iowa bankruptcy lawyer, Kevin Ahrenholz. It is important for a student in a cash crunch to take action with regard to their loan before it is considered to be in default. Waiting for a student loan to default and not doing anything […]


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Des Moines, IA (Law Firm Newswire) July 2, 2013 – While many people are tempted to get a pay day loan to help them through a tough cash flow period, financial experts warn this is not a smart fiscal move. The debt load faced by the majority of U.S. citizens is staggering. Most debt currently overwhelming these households originates from debts relating to home mortgages, credit card charges, large medical bills and other personal liabilities. Because so many people find they need more cash on hand, they resort to applying for a payday loan. Most major cities and even some […]


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Brandon, FL (Law Firm Newswire) June 24, 2013 – Florida’s implementation of a federal mortgage assistance program is being investigated by federal officials. The Hardest Hit Fund is a federal program to provide $7.6 billion to the 18 states most severely affected by the housing bubble. Many families are deeply “underwater” on their homes, meaning they owe more than the properties are worth. Although Florida state officials have prioritized the reduction of the size of homeowners’ mortgages as a form of assistance, it seems few homeowners have been helped that way. “The housing crisis is still being felt throughout Florida,” […]


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Brandon, FL (Law Firm Newswire) June 16, 2013 – A same-sex couple’s attempt to file joint bankruptcy could end up challenging the Defense of Marriage Act (DOMA). The couple, who reside in Florida, were legally married in Vermont. When their finances took a turn for the worse and they were unable to pay their mortgage, they made the logical choice and filed for joint bankruptcy. But they hit a roadblock because Florida does not recognize same-sex marriages even when they are formed pursuant to other states’ laws. “This is a question of whether states must recognize marriages that are legal […]


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Des Moines, IA (Law Firm Newswire) June 10, 2013 – People think that once they declare bankruptcy, they cannot get loans. They can get a loan, but not immediately. It is possible to get a personal loan after declaring bankruptcy. However, it does depend on which type of bankruptcy was declared. Those who declare a Chapter 7 bankruptcy have the highest chance of obtaining a personal loan because their debts are completely wiped out, indicated Iowa bankruptcy lawyer, Kevin Ahrenholz. What this means is that when an individual applies for a loan, at a later date, after a bankruptcy discharge, […]


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Des Moines, IA (Law Firm Newswire)June 3, 2013 – People are uncertain as to whether they may rent a house after declaring bankruptcy. They may rent, but require the bankruptcy trustee’s permission. The situation of a debtor possibly needing to rent a home after filing for bankruptcy is more applicable for Chapter 13 bankruptcies. Chapter 13 is a payment plan that allows the debtor to pay back a portion of their debt over a three to five year time frame. While under bankruptcy protection, debtors are allowed a discretionary budget to pay for living expenses. This budget is monitored by […]


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Brandon, FL (Law Firm Newswire) May 31, 2013 – Democratic U.S. Senators introduced legislation allowing private student loan debt to be discharged through bankruptcy. The bill would undo a 2005 change to U.S. bankruptcy laws that protects privately held student loan debt – with very limited exceptions – from being discharged when the debtor declares bankruptcy. “This reform is aimed at the large number of Americans saddled by burdensome student loans and a weak job market,” said Brandon bankruptcy lawyer O. Reginald Osenton. “Student loans issued by private companies should be treated like any other private, unsecured debt, and be […]


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Brandon, FL (Law Firm Newswire) May 24, 2013 – Lawmakers passed a bill to allow charities to keep money from donors who turn out to be scam artists. The legislation, HB 95, would help protect charities from “clawback,” a legal action by which bankruptcy trustees try to recover a debtor’s assets from third parties in order to repay creditors or victims. If a charity accepts a donation in good faith, that money would be protected if it is later discovered that the donor was committing fraud. “The interests of creditors and victims need to be well-represented in bankruptcy law, but […]


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Des Moines, IA (Law Firm Newswire) May 9, 2013 – The biggest concern for those who go bankrupt is how it will affect their credit rating. This can be resolved over time. It is common for debtors to wonder how they will ever get credit again after going bankrupt. While the situation may have been really bad, with some forethought and good planning, they can certainly re-establish credit. There are a number of things that one can do to positively affect credit scores after going bankrupt Iowa bankruptcy lawyer Kevin Ahrenholz indicated. Many people do not realize that the Bankruptcy […]


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Des Moines, IA (Law Firm Newswire) May 1, 2013 – Many Americans do not realize that declaring bankruptcy may affect their home insurance rates. Once personal bankruptcy has been filed, all of a debtor’s property and assets come under the purview of a court assigned trustee. This individual closely watches spending and keeps track of assets, to protect the creditor’s interests, and the debtor’s interests. While going through the process of bankruptcy, everything is paid by the trustee. However, a debtor needs to keep up their home insurance. If an individual has declared a Chapter 7 bankruptcy, this is a […]


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Brandon, FL (Law Firm Newswire) April 26, 2013 – Dollar figures found in bankruptcy regulations were recently adjusted for inflation. The United States Bankruptcy Code has many rules that involve specific dollar amounts, such as the value of exempted assets or the limits on eligibility for Chapter 13 bankruptcy. Every three years, on the 1st of April, those numbers are adjusted for inflation according to the Consumer Price Index for All Urban Consumers and rounded to the nearest $25. “It is important that these figures be adjusted periodically for inflation,” commented Brandon bankruptcy attorney O. Reginald Osenton. “The numbers determine […]


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Brandon, FL (Law Firm Newswire) April 19, 2013 – A Miami jury handed a businessman a huge cash award in his dispute with a bank. Maury Rosenberg was awarded $6.1 million in a case against U.S. Bank. Rosenberg alleged the bank was trying to collect on his debt by forcing him into involuntary bankruptcy. The jury found that the bank acted in bad faith. “Forcing a debtor into bankruptcy as a means of trying to collect on a debt is prohibited by federal law,” said Brandon bankruptcy lawyer O. Reginald Osenton. The verdict includes punitive damages of $5 million and […]


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Des Moines, IA (Law Firm Newswire) April 8, 2013 – One of the most common questions debtors have when they speak to an Iowa bankruptcy lawyer is “What is involved in foreclosure?” Declaring bankruptcy is a stressful thing to do, and with so many details, documents, rules, regulations and various meetings, it can be a nightmare to comprehend everything going on. The most upsetting part of bankruptcy is the threat of foreclosure. In general, foreclosure is when a lender takes action to repossess their property; property they have a mortgage against resulting from money lent to the debtor. In the […]


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Brandon, FL (Law Firm Newswire) April 2, 2013 – The number of working poor in America continues to grow. That is the conclusion of a recent report from the Working Poor Project. The working poor are families struggling with poverty, despite having working parents. Much of the recent decline in unemployment comes from relatively low-paying jobs in the service and retail industries. Tampa bankruptcy attorney O. Reginald Osenton commented, “It is sad to see that despite the employment situation improving somewhat, the problem of poverty continues to grow. Huge numbers of American families are struggling to stay afloat.” According to […]


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Des Moines, IA (Law Firm Newswire) April 1, 2013 – Preference actions return money to a bankruptcy trustee, for use in discharging a debtor’s debts. Many people are not aware of the preference action, which is a lawsuit, filed by a bankruptcy trustee, to get funds paid to a creditor before bankruptcy is filed. If the trustee has all they need to file, they must do so within two years of when the debtor files for bankruptcy protection. If they miss this deadline, the suit cannot be filed, indicates Iowa bankruptcy lawyer, Kevin Ahrenholz. The ability to get money back […]


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Brandon, FL (Law Firm Newswire) March 28, 2013 – The owner of a company in bankruptcy proceedings was recently jailed for three days for contempt of court. Marvin Chaney, 61, founder of RoboVault, was taken into custody by U.S. Marshals on January 29 on the orders of U.S. Bankruptcy Judge John K. Olson for violation of court orders. Brandon bankruptcy attorney O. Reginald Osenton commented, “This goes to show you how important it is to follow carefully a judge’s instructions, no matter what type of case you are involved in.” Olson issued the arrest order after Chaney and his attorney, […]


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Brandon, FL (Law Firm Newswire) March 20, 2013 – An estate in bankruptcy means any tax refund will likely become the property of the bankruptcy trustee. Many Floridians are looking forward to receiving an income tax refund from the federal government in the coming weeks and months. Some will use it to catch up on their bills, and others will perhaps treat themselves to something special. But anyone considering filing for bankruptcy in Florida should carefully consider what to do with their tax refund. Brandon bankruptcy attorney O. Reginald Osenton warned, “A pending tax refund for a person in bankruptcy […]


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