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

July 2013 Archives

Consumer borrowing impacts bankruptcy filings in New York

Since the Great Recession began, most Americans, including those from Long Island, New York, have tightened their belts. The increasing cost of household expenses and unemployment has subjected most people to financial challenges and many are eventually forced to declare personal bankruptcy. However, recent reports confirm that the economy started to improve during the first quarter of 2013.

Eliminate credit card debt through personal bankruptcy

The advantage of having a credit card may be obvious for residents of Long Island, New York. Lately, using a credit card has become a part of their daily lives -- when they go to the mall, purchase an appliance or pay for their meals. However, recent data states that people use their credit cards too much instead of cash.

Millions file for bankruptcy because of medical debt

The Affordable Care Act, commonly known as Obamacare, will soon mean that millions more in New York and the rest of the nation will be covered by health insurance. Unfortunately, that does not always mean they will be protected from the burdens of huge medical bills.