Applying Decades Of Experience To Solve Modern Legal Issues
In Wellness International Network, Ltd., et al. v. Sharif, the United States Supreme Court ruled that bankruptcy judges have the power to adjudicate certain claims if all parties knowingly and voluntarily consent. In a 6-3 ruling, the Supreme Court reversed a Seventh Circuit holding that the bankruptcy court did not have constitutional authority to decide whether certain property belonged to…
In Iowa, lawyers, accountants, family members, and government all encourage individuals to avert and alleviate risk through the purchase of insurance policies. This is with good reason, in the event of an accident or disaster, the out-of-pocket expenses can skyrocket. To this end, there are insurance policies in Iowa covering anything from your home to travel, your car to your…
There are usually no restrictions on the number of bankruptcy cases a person can file unless a bankruptcy court orders otherwise. However, if your debts were discharged in a previous bankruptcy, you will not be entitled to a discharge again before the expiration of a certain period of time. Whether you can file another bankruptcy case and receive a discharge…
A motor vehicle accident can rattle the nerves. In some instances, it does more than that. Serious injuries and significant costs can result from an accident. For this reason many people in Iowa purchase car insurance. There are many different policies and levels of insurance coverage for residents of Council Bluffs to consider, but Iowa is unique in the United…
People often think that the County Assessor establishes the amount of their real estate taxes. The tax levy is established by the local governing bodies that collect tax. The assessor is responsible to determine the value of the property to which the tax levy is applied. Spring is property assessment protest time in Iowa. Property owners who are dissatisfied with…
Filing for bankruptcy in Council Bluffs, Iowa is not a process that should be taken lightly. There are some negative consequences to filing for bankruptcy, and for this reason, among others, only individuals who are in serious financial debt should consider bankruptcy. Oftentimes, this excludes people who have been able to stay current on their credit card payments. Yet, overall…
Jack E. Ruesch has been appointed to the State Leadership Council of the Greater Iowa Chapter of the Alzheimer’s Association. The Alzheimer’s Association provides services, education and support to people living with Alzheimer’s Disease as well as their family members and caregivers who are also affected by their loved ones’ diagnosis. The Greater Iowa Chapter serves those affected by providing…
Many people in Iowa feel that bankruptcy is an insurmountable barrier to rebuilding credit, credit history and good credit score. It is true that one of the unavoidable consequences of filing bankruptcy is the effect on your credit. However, the presence of a Chapter 7 or Chapter 13 bankruptcy filing on your credit history is not enough reason to discount…
If a Chapter 7 debtor fails to reaffirm his obligation on his mortgage during the pendency of his bankruptcy case, his mortgage lender may refuse to refinance his mortgage loan post-bankruptcy. The lender’s refusal to refinance usually stems from two concerns. First, any postpetition agreement to repay a prepetition debt may be unenforceable. To be enforceable, a debtor’s agreement to…
In many ways the bankruptcy process involves issues of accounting and finance. One particular aspect of bankruptcy that requires accounting knowledge is an understanding what is and what is not an asset. An asset is anything that is owned by a person and can be used to pay off debts or meet commitments. Assets by definition have value. However, in…