» Iowa chapter 12 bankruptcy attorney

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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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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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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Des Moines, IA (Law Firm Newswire) March 8, 2013 – A large majority of Americans file bankruptcy because of overwhelming credit card debt. This is because they use their card to bail themselves out. The worst thing to do is bail out of a cash shortage by using a credit card. It is tempting to use it of course, because it gets one out of a tough situation. However, the balance keeps creeping up and once it gets large enough, there is no way to keep up with it any longer. Some companies charge up to 30 percent interest. Trying […]


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Des Moines, IA (Law Firm Newswire) March 1, 2013 – Not being able to pay the mortgage is a stark reality for many Americans these days. There are some tips to deal with this issue. It is not always easy to pay the mortgage when the economy is bad, remarked Iowa bankruptcy lawyer, Kevin Ahrenholz. In fact, more people find themselves defaulting, going under, struggling to hang on and losing, and are right up against the wall with worry. There are some options to consider. One of the first things to do is to talk to the mortgage lender. While […]


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Des Moines, IA (Law Firm Newswire) February 15, 2013 – Being a celebrity or a well known person does not automatically protect anyone from going bankrupt. There are any number of celebrities that have gone bankrupt and still rebounded to continue on with their lives. They have even come back to a more financially rewarding life. It can be done. Bankruptcy is not what it used to be in terms of being shameful and tantamount to a confession that someone was lazy or dumb or dishonest. It can happen to literally anyone, including the former Duchess of York, Sarah Ferguson, […]


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Des Moines, IA (Law Firm Newswire) February 8, 2013 – Medical bankruptcy plays a large role in many bankruptcies these days. This trend does not show signs of slowing down in the prevailing economy. Medical bankruptcy is more common than one might think explained Kevin Ahrenholz, an Iowa bankruptcy lawyer. In fact, medical bills and serious illnesses were cited as reasons for over half of the bankruptcies filed in America. There are approximately 3 million Americans seeking bankruptcy protection in any given year since the recession hit. In other words, medical bankruptcy may hit about one person every 15 seconds. […]


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Des Moines, IA (Law Firm Newswire) January 9, 2013 – There are not too many things that are exempt when it comes to filing for bankruptcy, but pension plans and 401Ks definitely are. For people filing a Chapter 7 bankruptcy, this basically means this is a “liquidation bankruptcy,” the most common form filed in the U.S. When the bankruptcy is discharged, debtors come out the other side free of all debts. Being discharged is only available for individuals, not businesses, advised Iowa bankruptcy lawyer, Kevin Ahrenholz. When an individual files for Chapter 7, the first thing they do is choose […]


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Des Moines, IA (Law Firm Newswire) January 2, 2013 – Contracts cannot negate bankruptcy protection. It’s a very simple principle, one that has its origins in a U.S. Supreme Court decision in 1938. In Johnson vs. Zerbst, the court defined a “waiver” as the “intentional surrender of a known privilege or right.” A bankruptcy discharge, coupled with the benefits of starting over debt-free, is considered a privilege. Thus, any clause in a contract that attempts to render an obligation invalid in a bankruptcy is attempting to negate bankruptcy protection. However, the bankruptcy code states this is non-enforceable, remarked Kevin Ahrenholz, […]


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Des Moines, IA (Law Firm Newswire) December 17, 2012 – Debtors used to go to prison. This no longer happens, and bankruptcy laws protect the debtor and creditor. Bankruptcy protection has an interesting history, indicated Kevin Ahrenholz, an Iowa bankruptcy attorney. It came about to protect consumers from ruthless creditors in the Old World. Unfortunately, creditors in the 21st century do not seem to be that much different. Nowadays, the bankruptcy laws in place are covered mainly under federal law, but state bankruptcy laws act to supplement the details. In other words, when someone files for bankruptcy, they are filing […]


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Des Moines, IA (Law Firm Newswire) December 3, 2012 – Credit card companies set their own interest rates, because the federal government allows them to do so. Not many know that in 1980, the federal government passed a law that let national banks disregard state usury laws and pick whatever interest rate they wanted, that was a certain number of points above the Federal Reserve discount rate. Usury means lending funds at an exorbitant rate of interest. This means the law in most states cannot regulate credit card debt, leaving bankruptcy as the only way out for many explained Kevin […]


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Des Moines, IA (Law Firm Newswire) November 15, 2012 – There are cases in which a debtor files bankruptcy more than once. When the economy began to decline and unemployment was on the rise, those who lost their jobs faced difficult financial choices. Many people used their credit cards to pay for bills and other expenses and racked up significant debt. Many of those people are still unemployed. These individuals are candidates for Chapter 7 bankruptcy. Some people find themselves in a position to file Chapter 7 bankruptcy more than once. Iowa bankruptcy lawyer Kevin Ahrenholz explained that a debtor’s […]


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Des Moines, IA (Law Firm Newswire) November 1, 2012 – Chapter 7 bankruptcy is not always the right solution for a debtor. Most debtors have a long list of questions when they make an appointment with a bankruptcy lawyer. Filing for bankruptcy is a complicated process, and people are concerned about how the decision will affect them and their credit rating. Making the right call to a qualified Iowa bankruptcy attorney will put many debtors’ fears to rest, says Iowa bankruptcy attorney Kevin Ahrenholz. Most debtors who have made the decision to seek bankruptcy protection are aware of the enormous […]


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Des Moines, IA (Law Firm Newswire) October 10, 2012 – For those who have declared Chapter 13 bankruptcy, rebuilding credit is similar to a Chapter 7 bankruptcy. It does not matter which Chapter someone files under when it involves rebuilding their credit. The discharge, or conclusion of the bankruptcy process, is much the same in each instance. The first step for a discharged debtor is to get their name back into credit reporting data bases, with a notation that shows on time payments over a period of time. It is not complicated. It just takes work on the part of […]


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Des Moines, IA (Law Firm Newswire) October 3, 2012 – Many debtors do not believe it, but they can recover from bankruptcy. Filing for bankruptcy is a very difficult and highly emotional decision; many do not take the matter lightly, and have many questions to discuss with their Iowa bankruptcy lawyer. Some of the questions may include, but are not limited to, how to get new credit in the future, how filing for bankruptcy will affect their credit rating and whether or not they will be able to rent or buy a home. Many individuals are concerned about what kind […]


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Des Moines, IA (Law Firm Newswire) September 13, 2012 – Many debtors are surprised to discover declaring bankruptcy affects their car insurance premiums. Many Americans understand that when they file for bankruptcy, their credit reports reflect that fact. What many do not realize is that more and more auto insurance companies are checking the credit ratings of existing and potential clients. This may well affect insurance premiums, according to Kevin Ahrenholz, an Iowa bankruptcy lawyer. According to recent statistics released by Nationwide Insurance, roughly 92 percent of car insurance companies do use credit scoring to calculate auto insurance premiums. Insurers […]


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Des Moines, IA (Law Firm Newswire) September 7, 2012 – Filing for bankruptcy is not an easy process. It is a smart move to work with an Iowa bankruptcy lawyer. Filing for bankruptcy protection is an agonizing process. It takes a lot of thought and consideration about the consequences and whether filing for bankruptcy is truly necessary. Most people choose to file for bankruptcy by working with a competent bankruptcy lawyer, but there is the option of filing pro se. However, filing pro se still means having a good knowledge of the applicable laws, says Iowa bankruptcy lawyer Kevin Ahrenholz. […]


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Des Moines, IA (Law Firm Newswire) August 16, 2012 – Bankruptcy lawyers are often asked if active duty military may file for bankruptcy. The answer is yes. There are a lot of people who believe that active duty military personnel are not allowed to file for bankruptcy. While military personnel are held to a higher standard of conduct than regular citizens, they do not have to give up the right to declare bankruptcy indicated Kevin Ahrenholz, an Iowa bankruptcy lawyer. Even dedicated military personnel may run out of money before they have come to the end of the month, and […]


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Des Moines, IA (Law Firm Newswire) August 6, 2012 – There are ways individuals and businesses can avoid being forced into involuntary bankruptcy. The more debt incurred by an individual or company, the higher the risk that creditors will file bankruptcy against them. This is referred to as involuntary bankruptcy, and in some cases, it may be justified. In other cases, it is necessary for the debtor to defend against involuntary bankruptcy petitions in order to avoid surrendering assets or being forced to sell them. Individuals or businesses who find themselves in receipt of an involuntary bankruptcy petition need to […]


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