Mason City | Law Firm Newswire

Des Moines, IA (Law Firm Newswire) July 9, 2013 – Students having difficulty paying their student loans may qualify for some type of relief to assist them. Usually, student loans are not discharged as a result of filing bankruptcy. However, there may be relief in the form of income based payments, graduated payment plans, deferment or forbearance, remarked Iowa bankruptcy lawyer, Kevin Ahrenholz. It is important for a student in a cash crunch to take action with regard to their loan before it is considered to be in default. Waiting for a student loan to default and not doing anything […]


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Des Moines, IA (Law Firm Newswire) June 10, 2013 – People think that once they declare bankruptcy, they cannot get loans. They can get a loan, but not immediately. It is possible to get a personal loan after declaring bankruptcy. However, it does depend on which type of bankruptcy was declared. Those who declare a Chapter 7 bankruptcy have the highest chance of obtaining a personal loan because their debts are completely wiped out, indicated Iowa bankruptcy lawyer, Kevin Ahrenholz. What this means is that when an individual applies for a loan, at a later date, after a bankruptcy discharge, […]


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Des Moines, IA (Law Firm Newswire)June 3, 2013 – People are uncertain as to whether they may rent a house after declaring bankruptcy. They may rent, but require the bankruptcy trustee’s permission. The situation of a debtor possibly needing to rent a home after filing for bankruptcy is more applicable for Chapter 13 bankruptcies. Chapter 13 is a payment plan that allows the debtor to pay back a portion of their debt over a three to five year time frame. While under bankruptcy protection, debtors are allowed a discretionary budget to pay for living expenses. This budget is monitored by […]


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