» Personal Bankruptcy Law

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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Brandon, FL (Law Firm Newswire) March 17, 2011 – Personal bankruptcies increased to nine percent in 2010, affecting more than 1.5 million people. With estimates showing that in 2011 families and individuals will still be battling with high debts, stagnant job and income growth, it is hard to know which way to go with bills piling up. TV and newspaper ads hawk the benefits of debt settlement one minute and bankruptcy the next. Debt settlement agencies negotiate directly with creditors to try to reduce debts for unsecured debt like personal loans, credit cards and medical bills, but not secured debt. […]


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Des Moines, IA (Law Firm Newswire) March 2, 2011 – Credit seems to be easy to get to pay bills, but once that albatross gets out of control, the borrower realizes they are in deep debt with no way to get out. “There are ways to handle debt and get control back over your life,” said Kevin Ahrenholz, an Iowa bankruptcy lawyer. “While it may seem like a daunting task, if you break it up into smaller steps, it’s often quite manageable. As always, I encourage people to contact our offices if they need help and information about filing bankruptcy […]


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Des Moines, IA (Law Firm Newswire) February 22, 2011 – Depending on the state in which one lives, there may be access to state or federal exemptions when bankruptcy is declared. Some states opt for federal exemptions, while states like Iowa opt out and provide state exemptions. “Filing for bankruptcy means that you have certain exemptions. In a nutshell what that means for you is you are allowed to keep a certain amount of your assets, meaning they are untouched. This means you have the ability to start over again and not be caught up in the vicious circle of […]


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Brandon, FL (Law Firm Newswire) February 8, 2011 – Brandon attorney Laurel Tesmer recently was accepted as a member of the Leadership Brandon Class of 2011. Tesmer is an attorney at Osenton Law Offices, P.A., with offices in Brandon and Lakeland, Florida. Her practice concentrates in family law, bankruptcy, estate planning, civil litigation and other matters. Leadership Brandon is hosted by the Greater Brandon Chamber of Commerce. It is designed to assist leaders of the Brandon community in perfecting their leadership skills while learning about the issues affecting the community. Each month the class has a day-long session. This month […]


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Brandon, FL (Law Firm Newswire) February 4, 2011 – On February 12, the attorneys and staff of Osenton Law Offices, P.A. will host its annual Cars, Bars & Cigars Party. The event is held each year to celebrate the start of the racing season on the night of the Budweiser Shootout race, a prelude to the Daytona 500. The Shootout is a major race between the 12 drivers that qualified for the 2010 Chase for the NASCAR Sprint Cup, past NASCAR Sprint Cup Series champions, past Budweiser Shootout, Daytona 500, and Coke Zero 400 champions, as well as all of […]


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Des Moines, IA (Law Firm Newswire) February 3, 2011 – Most people think that if they declare bankruptcy they can never get mortgage refinancing. That is not the case, as it is possible to obtain a mortgage loan after bankruptcy. “A lot of people do not realize that they can get mortgage refinancing after bankruptcy. In fact, there are a variety of options. One of them is using a qualified attorney who specializes in helping borrowers to file that kind of paperwork. It is a good idea to have a skilled bankruptcy lawyer on your side, as they help mediate […]


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When considering personal bankruptcy, most people consider Chapter 13 and, even more so, Chapter 7. But there is another popular chapter, too: Chapter 11. Tampa, FL (Law Firm Newswire) October 27, 2010 – “Although originally intended for businesses, individuals can be required to file for this chapter if their debt exceeds the limits of Chapter 13 bankruptcy,” said Tampa bankruptcy lawyer, Reginald Osenton of Osenton Law Offices in Brandon, Florida. Currently, the limits of Chapter 13 bankruptcy are $1,081,500 for secured debt and $360,525 for unsecured debt. The threshold changes every three years in proportion to the Consumer Price Index. […]


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Consumer bankruptcy filings for the first half of this year are currently at record levels. There is evidence to suggest that a good number of these scenarios include divorce situations where a spouse is receiving or paying for child support and/or alimony. Tampa, FL (Law Firm Newswire) October 11, 2010 – “Child support payments and spousal support payments generally cannot be discharged in bankruptcy,” said Tampa bankruptcy lawyer Reginald Osenton of Osenton Law Offices in Brandon, Florida. “This means that a parent who owes child support cannot usually escape meeting those obligations, no matter whether it is Chapter 7 or […]


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