» Personal Bankruptcy Law

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 […]


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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 […]


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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 […]


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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 […]


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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 […]


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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 […]


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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, […]


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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 […]


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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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