Bankruptcy Law | Law Firm Newswire - Part 5

Brandon, FL (Law Firm Newswire) February 29, 2012 – The Florida Supreme Court recently abandoned its efforts at a statewide mediation program for residential foreclosure cases. Lack of participation and low rates of loan modification meant the program was seen as unsuccessful. “It is not a shock that the courts decided to do away with this program,” said Tampa bankruptcy attorney Reginald Osenton. “There are a lot of people who would rather walk away from their house than sit across the table from a banker.” The program’s goal was to address the large number of foreclosures stacking up in the […]


Continue reading full article »

Des Moines, IA (Law Firm Newswire) February 27, 2012 – Individuals considering whether or not to file bankruptcy must take credit counseling within six months prior to filing. There are some limited exceptions to the mandate that potential bankruptcy filers take a credit counseling course within six months before filing, noted Waterloo bankruptcy lawyer Kevin Ahrenholz. Those exceptions need to be discussed as part of the process prior to filing. Additionally, approved bankruptcy credit counseling organizations are not the same in each state, and usually there is a small fee for pre-bankruptcy counseling. However, the fee may be waived based […]


Continue reading full article »

Tampa, FL (Law Firm Newswire) February 8, 2012 – Florida foreclosure defense attorney Tonya Willis Pitts, Esq. sees how the agonizingly slow foreclosure process negatively affects clients every day. Attorney Pitts oftentimes helps individuals or couples discharge their debt in a Florida bankruptcy, only to have to wait years for a foreclosure judgment. “Their fresh start is hindered and makes it close to impossible for them to qualify for a new home loan,” said Pitts, who is based as a Sarasota foreclosure defense lawyer for the law firm McIntyre, Panzarella, Thanasides, P.L. but travels to help clients in many Florida […]


Continue reading full article »

Des Moines, IA (Law Firm Newswire) February 6, 2012 – Filing for Chapter 7 does take time. It should never be viewed as an easy way out of debt. Des Moines bankruptcy lawyer Kevin Ahrenholz indicates that many debtors feel they are in a hopeless situation and have nowhere to turn. They think filing Chapter 7 bankruptcy is the answer to all their problems. However, filing Chapter 7 may create a problem for them that they need to consider before filing. Declaring bankruptcy remains on a debtor’s credit report for ten years. This means their credit score, often referred to […]


Continue reading full article »

Des Moines, IA (Law Firm Newswire) January 30, 2012 – Creditors have the right to challenge bankruptcy discharges. However, many of them do not. “More often than not, creditors do not tend to challenge Chapter 7 bankruptcies, largely because they prefer to challenge business bankruptcies because there is more at stake for them,” said Kevin Ahrenholz, a Des Moines bankruptcy attorney in Iowa. There are some circumstances that cause creditors to file a challenge. For instance, if the debtor ran up a large credit card bill six months before filing for bankruptcy, they may feel they had been deliberately cheated […]


Continue reading full article »

Brandon, FL (Law Firm Newswire) January 25, 2012 – If the housing market is not going to recover until the foreclosure backlog is absorbed, then it might be good news that lenders sent out notices to foreclose on almost 11,000 Florida homes in October – an 11-month high. The Miami area had the most with 4,193 and Tampa Bay and Orlando-Kissimmee each had more than 1,000, according to a RealtyTrac report. The Tampa Bay Times reported that bankruptcy filings were down most of 2011 and the Tampa Bay area’s filings were down 59 percent from a peak in October or […]


Continue reading full article »

Des Moines, IA (Law Firm Newswire) January 20, 2012 – The means test for those facing bankruptcy is no great mystery. Luckily, it does take reasonable living expenses into account. The vast majority of those who file for bankruptcy in the U.S. today will file Chapter 7 largely because that is the quickest route to becoming debt free in a reasonably short period of time. Those who file Chapter 7 give up their property to pay back their debts. “This property is not exempt and to find out what falls in this category, a debtor needs to consult a skilled […]


Continue reading full article »

Des Moines, IA (Law Firm Newswire) January 3, 2012 – Short sales work best for homeowners facing imminent foreclosure. If there are doubts about this procedure, consult an experienced Des Moines bankruptcy lawyer. “It’s not news that foreclosures are close to being epidemic,” indicated Kevin Ahrenholz, a Des Moines bankruptcy attorney in Iowa. “It doesn’t appear to be getting that much better as time passes either. What do people do when faced with the possibility of losing their homes? One option is to contact an experienced Des Moines bankruptcy lawyer who will discuss, among other things, the alternative of a […]


Continue reading full article »

Brandon, FL (Law Firm Newswire) December 30, 2011 – PolitiFact Florida recently confirmed that almost half of homeowners in the Sunshine State owe more on their mortgage than their houses are worth. The number – 46 percent – came from an October speech at the Democratic Party’s 2011 convention in Orlando. PolitiFact checked out the outlandish-sounding claim and found that, indeed 45.1 percent of Florida homeowners are “underwater” or owe more than they could sell their home for in today’s market. PolitiFact did its research through CoreLogic Inc. and Zillow.com. Those two companies get their real estate data from county […]


Continue reading full article »

Cedar Rapids, IA (Law Firm Newswire) December 13, 2011 – Even though considering bankruptcy may feel like defeat, it may be the right decision to make. “Just about everyone knows what it’s like to be in debt these days. Credit card bills piling up, medical bills unpaid or perhaps you may be facing foreclosure. It does not need to be that way. There is no shame in declaring bankruptcy. Think you’re alone? You’re not. Consider these figures from the U.S. courts website. They show that in the 12-month period ending March 31, 2010, 1,531,997 bankruptcy cases were filed,” outlined Kevin […]


Continue reading full article »

Brandon, FL (Law Firm Newswire) November 30, 2011 – Struggling Central Florida homeowners have a new option to remain in their homes thanks to a program that has been successfully tested in Orlando federal court. By filing for Chapter 13 bankruptcy and participating in the new mediation program available in Orlando, some homeowners have been able to restructure their mortgages, lower interest rates or even reduce loans on homes that were overvalued, according to a story in the St. Petersburg Times. “Sometimes we have to make tough decisions and filing for Chapter 13 bankruptcy is not an easy one, but […]


Continue reading full article »

Des Moines, IA (Law Firm Newswire) November 29, 2011 – Many think bankruptcy clears up all of their debts. This is not always the case. “There are a lot of myths floating around about filing bankruptcy and what happens when you are done with the process,” stated Kevin Ahrenholz, an Iowa bankruptcy lawyer. “For instance, many people figure that once they declare bankruptcy, all of their debts are wiped out. This is not always true.” The public needs to be aware that unsecured debts (non-exempt) may be completely wiped out on discharge of a bankruptcy proceeding. Secured debts are wiped […]


Continue reading full article »

Los Angeles, CA (Law Firm Newswire) November 22, 2011 – The newly released 2011-2012 “Best Law Firms” rankings by U.S. News Media Group and Best Lawyers® recognize several attorneys and practice areas of Peitzman, Weg & Kempinsky LLP, a business bankruptcy, restructuring and litigation boutique. Peitzman, Weg & Kempinsky LLP was again rated a First Tier firm in the category of Bankruptcy and Creditor Debtor Rights / Insolvency and Reorganization Law for Los Angeles, and the firm was one of only three boutique law firms in the United States to achieve a national ranking in the Second Tier for Bankruptcy […]


Continue reading full article »

Des Moines, IA (Law Firm Newswire) November 10, 2011 – Married couples may file bankruptcy together if they wish to but it is not a must. “If you’re married and you want to file jointly for bankruptcy, then that is fine. It is not written anywhere that you must file together. In other words, there is no requirement under bankruptcy laws to file together,” explained Kevin Ahrenholz, an Iowa bankruptcy lawyer. Generally speaking, there are two kinds of bankruptcies that people may choose to file, and those are a Chapter 13 or a Chapter 7 bankruptcy. The Chapter 13, the […]


Continue reading full article »

Des Moines, IA (Law Firm Newswire) October 25, 2011 – Although it would be nice if student loans were exempt when one declares bankruptcy, this is not usually the case. “There are a great number of things that are exempt when you declare bankruptcy,” indicated Kevin Ahrenholz, an Iowa bankruptcy lawyer. “But a student loan is not one of them. There are other things that are not exempt either, such as taxes, but this is something we discuss when you call me.” There is an exception for student loans under Chapter 7 and Chapter 13 that states a loan may […]


Continue reading full article »

Des Moines, IA (Law Firm Newswire) October 7, 2011 – Bankruptcy does not respect age, social status or famous people. If it is going to happen, it will, no matter who they are. “I get asked this question a lot, and my answer is usually the same thing,” said Kevin Ahrenholz, an Iowa bankruptcy lawyer. “The question is ‘Am I the only person in the world who can’t manage money?’ and my answer is no, they are not alone, and even famous people have had to declare bankruptcy. Some people find it reassuring to know a famous star or entrepreneur […]


Continue reading full article »

Brandon, FL (Law Firm Newswire) September 28, 2011 – Recent reports show that foreclosure filings are still affecting many people in Florida and Tampa Bay. In June and July, more than 6,100 people were given initial foreclosure notices. This shows an increase in foreclosures from previous months in 2011 and leads experts to warn about a second wave of foreclosures that could hamper local real estate values. The nightly local news has been showing that some foreclosures are due to homeowner association dues being egregiously past due, and the HOA wanting to take action. Other homeowners cannot legitimately afford to […]


Continue reading full article »

Des Moines, IA (Law Firm Newswire) September 16, 2011 – If bankruptcy came with a manual, it might not be so hard to slog through. Most bankruptcies need the assistance of a competent Iowa bankruptcy lawyer. “There are many good reasons to file for bankruptcy, and in most cases, the debtor is choosing to file because they feel they have no other way out from under a crushing debt load,” said Iowa bankruptcy lawyer Kevin Ahrenholz. “But then again, there are some people who think they can just file without meeting the criteria. While it is your ‘right’ to file, […]


Continue reading full article »

Des Moines, IA (Law Firm Newswire) August 31, 2011 – Surrendering a home triggers some really difficult tax issues. Speak to an experienced Iowa bankruptcy lawyer to fully understand this issue. “When you surrender a home, banks are mandated to hand the IRS something called a 1099-C, or cancellation of debt, which details any deficiency that is owed over and above what is eventually received for the house,” explained Iowa bankruptcy lawyer Kevin Ahrenholz. “This means that the IRS typically regards ‘not’ having to pay the loan money, in whole or part, as income. If you have been forgiven the […]


Continue reading full article »

Brandon, FL (Law Firm Newswire) August 24, 2011 – Osenton Law Offices, P.A. in Brandon is pleased to announce Joshua Law as its new attorney concentrating in divorce and family law. Before joining the firm, he practiced at a Tampa law firm as an associate attorney where he gained expertise in family law, estate planning and criminal defense. He also previously worked with one of the biggest family law firms in the Orlando area. “Josh Law is a tremendous asset to our team with his dedication to getting the best outcome for every individual and family,” said Brandon bankruptcy attorney […]


Continue reading full article »