On behalf of Jeffrey M. Rosenblum, P.C. | Jan 30, 2013 | Chapter 11
The decision to file bankruptcy can be a difficult one, but in financially challenging times, it may be a sound option. Filing Chapter 11 bankruptcy can help a struggling business reorganize debt in an effort to keep it from going under. Businesses facing this...
On behalf of Jeffrey M. Rosenblum, P.C. | Jan 24, 2013 | Chapter 11
A business bankruptcy generally occurs because a company faces overwhelming debt. Companies may file for Chapter 11 to gain some relief from creditors while attempting to reorganize the business so that debts can be discharged. Our New York readers are already...
On behalf of Jeffrey M. Rosenblum, P.C. | Jan 24, 2013 | Debt Relief
The Internal Revenue Service today announced guidance to borrowers, mortgage loan holders and loan servicers who are participating in the Principal Reduction AlternativeSM offered through the Department of the Treasury’s and Department of Housing and Urban...
On behalf of Jeffrey M. Rosenblum, P.C. | Jan 16, 2013 | Foreclosure
Very few people buy a home anticipating foreclosure. However, circumstances can create a situation where an otherwise-solvent family can suddenly struggle to pay bills, particularly where the home suffers from severe damage due to a natural disaster. Combine this with...
On behalf of Jeffrey M. Rosenblum, P.C. | Jan 15, 2013 | Firm News
The Internal Revenue Service today announced a simplified option that many owners of home-based businesses and some home-based workers may use to figure their deductions for the business use of their homes. The new simplified option is available starting with the 2013...
On behalf of Jeffrey M. Rosenblum, P.C. | Jan 10, 2013 | Foreclosure
Foreclosure is a disheartening reality for people suffering from financial challenges due to unemployment, natural disaster, medical expenses and other unpredictable circumstances. Regardless of past payment history, a homeowner’s sudden inability to make...
On behalf of Jeffrey M. Rosenblum, P.C. | Jan 9, 2013 | Firm News
Following the January tax law changes made by Congress under the American Taxpayer Relief Act (ATRA), the Internal Revenue Service announced today it plans to open the 2013 filing season and begin processing individual income tax returns on Jan. 30. The IRS will begin...
On behalf of Jeffrey M. Rosenblum, P.C. | Jan 7, 2013 | Firm News
The Internal Revenue Service released updated income-tax withholding tables for 2013 reflecting the changes by Congress to avoid the fiscal cliff. The updated tables, issued today after President Obama signed the changes into law, show the new rates in effect for 2013...
On behalf of Jeffrey M. Rosenblum, P.C. | Jan 5, 2013 | Chapter 11
While the term “bankruptcy” may invoke negative feelings, it is often a chance to relieve stressful financial times and reduce the pressures associated with being in debt. In the business world, Chapter 11 actually allows for a company to continue to...
