Bankruptcy Law | Law Firm Newswire - Part 6

Brandon, FL (Law Firm Newswire) August 18, 2011 – Osenton Law Offices will expand its popular free, informational seminars to help individuals and families facing foreclosure. The law firm holds its next biweekly seminar on bankruptcy on July 26 and August 11 at 6 p.m. and will soon have seminars specifically on the foreclosure process in August. In Hillsborough County, currently 1,013 properties are foreclosures, which signals that one in every 521 homeowners in the area is struggling to make his or her mortgage. “Foreclosure defense is very important when a lender is trying to get your property,” said Brandon […]


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Des Moines, IA (Law Firm Newswire) August 9, 2011 – Not many people know that there is a category of debtors that are collection proof. One simply cannot get blood from a stone. “It goes without saying that the U.S. economy is the pits, but just lately, it has been offering a glimmer of hope for the future. Unemployment is still critical in the nation, and millions of Americans have been facing financial hardship for the last four years. Without a job, faced with mounting debt and no way to pay it, bankruptcy has become a reality we see every […]


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Des Moines, IA (Law Firm Newswire) July 15, 2011 – There is often a whole lot of confusion over what the differences are between secured and unsecured debt. “Bankruptcy proceedings get complicated enough that most people get confused over what the differences are between secured and unsecured debt, or if there are any differences at all. There are definitely differences, and when you speak to an experienced lawyer, this is one of the first conversations you should have,” said Kevin Ahrenholz, an Iowa bankruptcy lawyer. One of the main problems with people understanding the bankruptcy jargon is that those familiar […]


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Brandon, FL (Law Firm Newswire) July 12, 2011 – As people have a hard time paying credit card bills and other expenses, they get caught in a financial bind. They do not want to file for bankruptcy just yet in case more income does come in, yet they can’t live without basic groceries, gas, and the power turned on unless they stop paying all the rest of the bills. As weeks and months go by, urgent phone calls from creditors increase and letters keep flooding in to remind the debtor that their bills are past due. “Our nature is to […]


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Des Moines, IA (Law Firm Newswire) July 1, 2011 – Bankruptcy may look like the end of the world to many. But fortunately, it is not. “I hear a lot of stories in this line of work and one has always stood out in my mind; a woman who lost her house to foreclosure, and even though she declared bankruptcy, she of course, still had to pay $25,000 in student loans. She had quite the journey to get to solid footing once again, but she hung in there and made it. Her advice to others? There is life after bankruptcy […]


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Des Moines, IA (Law Firm Newswire) June 17, 2011 – Not many people understand the differences between secured and unsecured debt, only knowing they owe too much to ever pay it all back. “There is one very easy method to determine the differences between secured and unsecured debts, and that is if your creditor can take an item or property away from you, it is secured debt. For example, your home is secured with a loan and the lender can take it back it you don’t repay what you owe. As for unsecured debts, those do not involve property or […]


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Brandon, FL (Law Firm Newswire) June 13, 2011 – Osenton Law Offices, P.A., will host a lunch and dance for residents of The Bridges, an active retirement community in Riverview. The event will be held in the dining room of The Bridges on May 20 and include live music with a big band sound. The Bridges has an assisted living facility, custom cottage homes, condos, and a recreation center for residents to live in and enjoy. “We want to give back to the community of seniors that have done so much for the area,” said O. Reginald Osenton, owner and […]


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Des Moines, IA (Law Firm Newswire) June 9, 2011 – Bankruptcy means different things to different people. The traditional point of view is it protects the creditor and debtor. “To most people, bankruptcy is about shucking their debts and coming out the other side debt free. It’s actually more complicated than that, as they discover when they file. But by and large bankruptcy protection is not just about the debtor, it is also about the creditor and his or her right to payment. The law in this area balances those rights and offers a path for debtors to get out […]


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Brandon, FL (Law Firm Newswire) June 7, 2011 – Osenton Law Offices offers the Brandon and Tampa community with a free, informational bankruptcy seminar. The next seminar is on June 9 at 6 p.m. Many individuals and families need help to eliminate debt, maintain their home and savings, and halt foreclosure. The hour-long seminar will also cover alternatives to bankruptcy. Reginald Osenton, the Brandon bankruptcy attorney at Osenton Law Offices, will go over the difference between the two different versions of bankruptcy, Chapter 7 and Chapter 13. “The seminars allow you to ask any question you have about bankruptcy and […]


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Brandon, FL (Law Firm Newswire) June 2, 2011 – In honor of last month’s Mother’s Day, Osenton Law Offices would like to say bravo to mothers who are busy raising their kids solo and keeping their family as the number one priority. As nurturers and teachers, mothers can be great role models. But sometimes the chaos of the day and back-and-forth on the parenting agreement schedule can make finances take the back burner. As a Tampa divorce attorney and Tampa family law attorney, Laurel A. Tesmer counsels many women who multitask wonderfully but need some guidance to avoid the financial […]


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Brandon, FL (Law Firm Newswire) May 27, 2011 – Osenton Law Offices has announced the firm will host the Osenton Law Offices Seminar Series. The seminars will occur at the firm’s office in Brandon. The firm has hosted free bankruptcy seminars since 2009 and now the series has expanded to include other legal areas. On June 21, attorney Laurel Tesmer will present a free seminar on divorce, child custody, and other family law issues at 6 p.m. Tesmer is the lead Brandon divorce attorney at the firm and a member of the Marital and Family Law Sections of the Florida […]


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Des Moines, IA (Law Firm Newswire) May 24, 2011 – While many bankruptcies start with a couple, at some point, there may be a parting of the ways. This causes problems for the process. “In my experience as an Iowa bankruptcy lawyer, I have seen many bankruptcies start with a couple; in other words, a joint filing. However, at some point in the process, they decide they can’t stand living together anymore and a divorce is filed. While that may sound straightforward, it isn’t. In fact, things can get very messy from this point on,” said Kevin Ahrenholz, an Iowa […]


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Brandon, FL (Law Firm Newswire) May 19, 2011 – Osenton Law Offices is continuing to provide the community with a sought-after bankruptcy seminar. The next seminars are on April 28 and May 10 at 6 p.m., as part of the Osenton Law Offices Seminar Series. Many Brandon and Tampa area individuals and families need help to slash debt, keep their home and assets and stop the foreclosure process. Alternatives to bankruptcy will also be discussed at the hour-long seminar. Osenton Law Offices started giving the free bankruptcy seminars in 2009. Given the success of the seminars, the firm recently decided […]


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Des Moines, IA (Law Firm Newswire) May 11, 2011 – Last year was really rough for people declaring bankruptcy. Over 1.5 million Americans filed and started over afresh. “I get asked this question quite a lot when people come to me for a consultation: ‘Can I avoid bankruptcy?’ Overall, that is a tough question to answer, as there are many variables that affect whether or not to file, such as the economy, what your financial practices are like and what your present circumstances are,” said Kevin Ahrenholz, an Iowa bankruptcy lawyer. Typically, whether or not a person does file bankruptcy […]


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Brandon, FL (Law Firm Newswire) April 27, 2011 – Most individuals try to get a Chapter 7 bankruptcy so they can forego monthly payments to a trustee. Chapter 7 bankruptcies wipe debts away and give individuals a fresh start while protecting their home and other assets. No matter what, individuals must be ready for meeting with the trustee in bankruptcy court. Usually one month after the bankruptcy petition is filed an individual will meet with the bankruptcy trustee. The trustee acts as a representative of an individual’s creditors and will ask a series of questions under oath to determine the […]


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Des Moines, IA (Law Firm Newswire) April 21, 2011 – People not eligible to file a Chapter 7 bankruptcy may be eligible for Chapter 13. The key lies in protecting non-exempt assets. “With the recent changes to the Bankruptcy Abuse Prevention and Consumer Protection Act (2005), it got harder for people facing a serious debt load to qualify to file for bankruptcy, because their income is above the state median. Others opt to file under Chapter 13 to protect non-exempt assets from being sold by a trustee,” said Kevin Ahrenholz, an Iowa bankruptcy lawyer. For people opting to file bankruptcy […]


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Brandon, FL (Law Firm Newswire) April 12, 2011 – Family law and bankruptcy attorney Laurel A. Tesmer, Esq. has received a lot of kudos lately. From her active role in Leadership Brandon this year to writing an article for the Hillsborough County Bar Association’s magazine, The Lawyer, she is an emerging star in the legal profession and her community. With the current dire state of the economy, Laurel A. Tesmer, Esq. and her colleagues at Osenton Law Offices, P.A., are fielding a lot of calls and consultations about what comes first – divorce or bankruptcy. “Today, many of our clients […]


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Des Moines, IA (Law Firm Newswire) April 8, 2011 – Most people who file for bankruptcy do so because they have no other choice. However, bankruptcy fraud is on the increase, making courts even more suspicious of legitimate petitioners. “Unfortunately, even though the vast majority of those who have made the difficult decision to file for bankruptcy are legitimately in a financial bind, bankruptcy fraud is on the increase, something which is not good news. The more fraud there is, the less courtesy and consideration legitimate petitioners get. In other words, those really needing help are now being regarded with […]


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Brandon, FL (Law Firm Newswire) March 31, 2011 – Wealthy individuals and married couples will have two years – 2011 and 2012 – to give a minimum of $5 million to loved ones without having to pay gift tax. The Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 created this tax break right before the winter holidays. Before then, individuals could only give $1 million tax-free, and it will transfer back to this amount in 2013. With this legislation, gift, estate and GST tax-free minimums are now unified. And tax rates for estate and gift taxes are […]


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Des Moines, IA (Law Firm Newswire) March 21, 2011 – Generally speaking, in a Chapter 7 bankruptcy, the trustee sells non exempt assets and pays the creditors from the sale proceeds. “While many people think they lose everything in a Chapter 7 bankruptcy, this is rarely the case,” said Kevin Ahrenholz, an Iowa bankruptcy lawyer. “The fact is that bankruptcy is governed by federal law and every state has its own rules about what a person can protect from creditors. These are referred to as ‘exemptions’ and Iowa has several powerful ones, with the homestead exemption being perhaps the most […]


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