On behalf of Jeffrey M. Rosenblum, P.C. | May 30, 2013 | Chapter 13
Many Long Islanders may have heard of studies showing that medical expenses are the leading factor behind personal bankruptcy filings in America. A new study takes that sobering statistic in a new direction. The study, published in the journal Health Affairs, found...
On behalf of Jeffrey M. Rosenblum, P.C. | May 29, 2013 | Firm News
The Internal Revenue Service recently reminded U.S. citizens and resident aliens, including those with dual citizenship who have lived or worked abroad during all or part of 2012, that they may have a U.S. tax liability and a filing requirement in 2013. The filing...
On behalf of Jeffrey M. Rosenblum, P.C. | May 20, 2013 | Firm News
IRS Criminal Investigation (CI) today released itsAnnual Report for fiscal 2012, highlighting strong gains in enforcement actions and penalties imposed on convicted tax criminals. The 28-page report summarizes a wide variety of IRS CI activity on a range of tax...
On behalf of Jeffrey M. Rosenblum, P.C. | May 20, 2013 | Firm News
The tax administrations from the United States, Australia and the United Kingdom announced on May 9th a plan to share tax information involving a multitude of trusts and companies holding assets on behalf of residents in jurisdictions throughout the world. The three...
On behalf of Jeffrey M. Rosenblum, P.C. | May 20, 2013 | Chapter 7
In 2005, Congress made substantial changes to the bankruptcy code. The resulting law made filing for bankruptcy much more difficult for consumers including that a consumer debtor is required to meet the means test in order to qualify for filing a Chapter 7 petition....
On behalf of Jeffrey M. Rosenblum, P.C. | May 20, 2013 | Foreclosure
Residents of New York are probably aware of the changes in foreclosure rates over the past few years. Foreclosure rates are rising by a huge amount in New York City, even as they fall nationwide. According to a report by the real estate industry group RealtyTrac,...
On behalf of Jeffrey M. Rosenblum, P.C. | May 15, 2013 | Chapter 11
Sometimes Long Island businesses just need a break so they can stop and recharge their batteries. Chapter 11 business bankruptcy is a way of doing just that. Recently, the electric car maker Coda announced that it had filed for Chapter 11 protection and would be...
On behalf of Jeffrey M. Rosenblum, P.C. | May 6, 2013 | Chapter 7
Long Island businesses and individuals who are saddled with overwhelming debt may get their finances back under control through declaring bankruptcy. There are several types of bankruptcy under U.S. law, and one of the most effective is Chapter 7, or liquidation...
