Jeffrey M. Rosenblum, P.C.
A Fresh Start

September 2014 Archives

New York State Court adopts tighter rules for debt collection

"New York state court administrators said Tuesday they have finalized rules designed to ban the collection of debts that consumers did not incur, have already paid off or which have been extinguished by the passage of the six-year statute of limitations. Chief Judge Jonathan Lippman said the new rules will reduce instances where abusive and aggressive collectors-often holding debts that have changed hands several times over several years-seek default judgments against consumers in court based on incomplete or erroneous documents.

What is the process of a Chapter 7 bankruptcy?

When a New York debtor decides to file for Chapter 7 bankruptcy, the first step is preparing the information that the court requires. This includes a list of all creditors with the nature and amount of debt and an explanation of the nature and amount of the debtor's income. The court will also require a list of all property that the debtor owns and a detailed list of living expenses. If the debtor is married, the court will need all of the same information from the spouse as well. All of this information allows the court to accurately evaluate the debtor's financial position.

New York business owner files for chapter 7 bankrtupcy

The former owner of Printing Methods Inc. filed for Chapter 7 bankruptcy Aug. 8 in U.S. Bankruptcy Court in Rochester. At the time of the bankruptcy, he had debts of $3.95 million and assets of $537,000. The personal bankruptcy filing comes just months after his company had finished going through Chapter 7 bankruptcy. The company was shut down in 2010 amid much controversy over failing to pay workers.

The process of filing for Chapter 7

New York residents who are interested in information about bankruptcy may benefit from specific details of how the bankruptcy process works. A Chapter 7 bankruptcy for an individual begins with the person requesting it filing a petition with the courts. When filing a bankruptcy petition, certain other information must be filed as well, including statements of current income and expenditures, financial records, assets and liabilities and copies of recent tax returns. If most of a individual's debt is consumer debt, such as credit card debt, the debtor must also file additional documents including a certificate of credit counseling.

Scam phone calls continue; IRS identifies five easy ways to spot suspicious calls

The Internal Revenue Service issued (IR-2014-84) a consumer alert today providing taxpayers with additional tips to protect themselves from telephone scam artists calling and pretending to be with the IRS. These callers may demand money or may say you have a refund due and try to trick you into sharing private information. These con artists can sound convincing when they call. They may know a lot about you, and they usually alter the caller ID to make it look like the IRS is calling. They use fake names and bogus IRS identification badge numbers. If you don't answer, they often leave an "urgent" callback request.