Applying Decades Of Experience To Solve Modern Legal Issues
Credit card debt is climbing across the United States, and many struggle to manage it. This issue is particularly acute for Gen Z and Millennial individuals. Bankruptcy filings for those aged 18 to 29 have increased by nearly 17% from the first to the second quarter...
Financial struggles cause millions of Americans stress and heartache. Suddenly, you may find yourself in an impossible situation, battling to maintain your financial stability. If you are considering bankruptcy, you may be worried about how it can impact your ability to keep your property. You may also wonder what effect it could have on a potential foreclosure. At Telpner Peterson…
Bankruptcy and debt settlement can solve the same financial problem. However, determining the most appropriate method to get out of debt can take time and effort. You should understand the differences between the options and consider which can help you reach your goals. Differences Between Bankruptcy and Debt Settlement The primary difference between bankruptcy and debt settlement is the court’s…
Chapter 12 bankruptcy is designed to help family farmers struggling to pay off debt. Like Chapter 11 bankruptcy, Chapter 12 is a type of reorganization bankruptcy. It allows farmers to continue operations and avoid going out of business by restructuring their debts and alleviating the financial pressures that family farmers often face. Filing for Chapter 12 bankruptcy tends to be…
Filing for Chapter 7 bankruptcy can be time-consuming and stressful. You must meet the eligibility requirements, complete various forms, and follow specific steps. Any error you make could result in a delayed process or denied petition. You should hire an experienced bankruptcy attorney to guide you through the complex procedure, whether you owe money to lenders, credit card companies, healthcare…
Filing for Chapter 13 bankruptcy can be a frightening and overwhelming process, especially when all you want to do is protect your assets from aggressive creditors and figure out a way to keep yourself afloat. One of the advantages of filing under Chapter 13 is being able to “cram down” a debt-secured property. What does this mean, and how can…
At some point, you may have found that your debt has become unmanageable. This can happen if you lose your job, become seriously ill, or need to take time off work to care for a family member. When that happens, short-term loans can become long-term burdens. The Iowa legislature has put laws in place to help protect you from predatory…
Meeting with a bankruptcy lawyer can cause anxiety, especially if you are feeling embarrassed about your financial situation. But you should feel relieved because bankruptcy lawyers want to help you. To get the most out of the first meeting with a bankruptcy lawyer, here’s what you should prepare for. Know What Questions the Lawyer Will Ask You At the first…
When you file for bankruptcy in Iowa, you may wonder whether you can keep your car. Your rights to keep your vehicle may depend on several factors, including the type of bankruptcy you are filing for, whether you own your car outright or whether you are still paying a car loan, and the applicable federal and state bankruptcy laws. What…
Many people and families in Iowa make a living through farming and other agricultural work. However, the financial pressures on individual and family farms have greatly increased in recent years. Some of these effects include commodity prices staying low and weather patterns becoming less predictable. These sustained negative effects led to a surge in bankruptcies among small farms. There are…