Reginald Osenton | Law Firm Newswire

Brandon, FL (Law Firm Newswire) August 2, 2016 – A local bankruptcy attorney wants debtors to know that student loans for unaccredited schools are dischargeable in bankruptcy. O. Reginald Osenton, owner and president of Osenton Law Office, says that recent court cases have clearly established that loans obtained to attend non-accredited educational institutions are not afforded special protections from discharge. “The fact is, if the school is unaccredited, the loan is not a ‘qualified education loan,’” Osenton said. “That is the term applied to those student loans that are ordinarily protected from discharge, and it does not apply in these […]


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Brandon, FL (Law Firm Newswire) June 29, 2016 – The musical artist Prince died on April 21, 2016, apparently without ever having created a will, referred to as “intestate” death. Prince had no known children, but had six surviving siblings, who are the sole heirs. Even if there is little conflict among the heirs, the process of probating his estate is expected to be long and expensive. O. Reginald Osenton, a Florida probate attorney, cited two important reasons why individuals with significant assets should be sure to create a valid will. “First, creating a will serves to keep the scope […]


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Brandon, FL (Law Firm Newswire) February 17, 2016 – A pair of recent cases show bankruptcy courts may be increasingly receptive to discharging student loans. In December 2015, the 8th Circuit Bankruptcy Appellate Panel approved the discharge of 11 of 15 student loans Chelsea Conway owed to a private lender. Also in December, a Missouri bankruptcy court discharged the entirety of Michael Abney’s federal student loans, even after an income-based repayment plan absolved him of any current payments on the basis of a lack of disposable income. Reginald Osenton, a Tampa-area bankruptcy attorney, said the cases show courts are beginning […]


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Brandon, FL (Law Firm Newswire) February 8, 2016 – Bankruptcy preparers who charge a fee to help with bankruptcy filings are getting into trouble with the law for providing legal advice. Bankruptcy law is complex, and even filling out the forms correctly can be a challenge for many. In an effort to save on legal expenses, many individuals may be tempted to hire a preparer instead of a bankruptcy attorney. But it is illegal for preparers to give legal advice. “Only an attorney can provide legal advice as part of a service for which a fee is charged,” said Tampa […]


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Brandon, FL (Law Firm Newswire) December 30, 2015 – The Consumer Financial Protection Bureau recently finalized a rule that overhauls the disclosures that mortgage lenders are required to make to borrowers. The rule, called “Know Before You Owe,” replaces four disclosure forms with two new ones. They are the Loan Estimate and the Closing Disclosure. The new forms are intended to be easier to understand and must be provided to the borrower three business days before closing. O. Reginald Osenton, a bankruptcy attorney, said he thinks the new forms are an improvement. “Understandable disclosures are vital to having informed consumers,” […]


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Brandon, FL (Law Firm Newswire) October 28, 2015 – Those who repeatedly file bankruptcy in an effort to stop foreclosure on their homes may find their tactics thwarted in Tampa, Florida. Tampa area bankruptcy judges found that some people were taking advantage of a taxed and overloaded bankruptcy system by filing bankruptcy again and again, each time bringing a stop to foreclosure proceedings. A procedure was put in place by which a judge can order anyone filing a third time to show cause why they should be allowed to proceed. O. Reginald Osenton said that while he supports efforts to […]


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Brandon, FL (Law Firm Newswire) September 30, 2015 – A recent U.S. Supreme Court decision is good news for Chapter 13 bankruptcy filers who convert their cases to Chapter 7. Chapter 13 bankruptcy allows debtors with regular income to reorganize their debts and make regular, manageable payments on them under a court-approved plan. However, many such cases are never completed. Bankruptcy attorney O. Reginald Osenton explains why. “Often, the debtor is eventually unable to make the payments,” Osenton said. “Other times, the issue that caused the individual’s financial trouble goes away. In the former case, the debtor’s next step often […]


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Brandon, FL (Law Firm Newswire) September 29, 2015 – Bank of America and JPMorgan Chase agree to change how they report debts discharged in bankruptcy. Many borrowers know the stress of being unable to pay one’s bills — the constant phone calls from collectors, the fear and uncertainty about the future. Those who turn to bankruptcy do so in the hopes that it will enable them to turn their lives around, and it does provide substantial relief. But their credit reports do not always tell the whole story. Bankruptcy attorney O. Reginald Osenton says inaccurately reported discharged debts on credit […]


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Brandon, FL (Law Firm Newswire) September 3, 2015 – In a blow to struggling homeowners, the U.S. Supreme Court prohibited the voiding of underwater second mortgages in Chapter 7 bankruptcy. Previously, homeowners filing Chapter 7 bankruptcy in some states could seek to “strip off” second liens from their homes in cases where a drop in the house’s value had resulted in the second lien having no claim on equity. In Bank of America v. Caulkett, however, the Justices ruled unanimously that Supreme Court precedent required them to bring an end to the practice. Bankruptcy attorney O. Reginald Osenton said the […]


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Brandon, FL (Law Firm Newswire) June 19, 2014 – Avoiding surprises may be the most important step in minimizing inheritance disputes among family members. Dealing with the passing of a family member can be a stressful experience – one which does not always bring out the best in survivors. When money (in the form of asset inheritance) is added to the mix, bitter conflicts sometimes rise up between family members dealing with difficult emotions. Probate attorney O. Reginald Osenton says that when heirs are taken by surprise at how the decedent’s assets are to be distributed, they are more likely […]


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