November 2014 - Jeffrey M. Rosenblum, P.C.

Misconceptions about bankruptcy

November 21, 2014
On Behalf of Hiral Atha
Personal Bankruptcy

Due to some common misconceptions about bankruptcy, many New York residents who could benefit from filing do not. Many believe that bankruptcy is an expensive process that will drag on for years and leave them without anything to their names.…

Same-sex NY couples subject to federal bankruptcy law

November 13, 2014
On Behalf of Hiral Atha
Personal Bankruptcy

When same-sex couples in New York decide to file for bankruptcy, their legal obligations and rights may be dependent on the nuances of multiple laws. In addition to needing to adhere to state and territory regulations, these couples often rely…

IRS clarifies application of one-per-year limit on IRA rollovers, allows owners of multiple IRAs a fresh start in 2015

November 13, 2014
On Behalf of Hiral Atha
IRS

The Internal Revenue Service today issued guidance clarifying the impact a 2014 individual retirement arrangement (IRA) rollover has on the one-per-year limit imposed by the Internal Revenue Code on tax-free rollovers between IRAs. The clarification relates to a change, announced earlier this…

Dealing with credit card debt

November 6, 2014
On Behalf of Hiral Atha
Personal Bankruptcy

Many New York residents know that credit card debt can become overwhelming. Using a credit card wisely, authorities say, is a way to purchase what is needed even when cash is low. The importance of knowing and restricting purchases to…