On behalf of Jeffrey M. Rosenblum, P.C. | Jun 25, 2014 | Personal Bankruptcy
New York residents who are considering the possibility of filing bankruptcy protection might be wise to study the relevant laws on the subject. There are several different types of bankruptcy filings, each of which with their own conditions and benefits. It is...
On behalf of Jeffrey M. Rosenblum, P.C. | Jun 20, 2014 | Firm News
The Internal Revenue Service said Wednesday it would make major changes in its offshore voluntary compliance programs to provide new options to help both taxpayers residing overseas and those residing in the United States. The changes announced Wednesday make key...
On behalf of Jeffrey M. Rosenblum, P.C. | Jun 19, 2014 | Chapter 13
Most people who are in debt never expect to find themselves there. In many cases, a combination of factors beyond a person’s control is responsible for large amounts of debt: a job loss, a divorce, or a medical emergency. For these people, filing for personal...
On behalf of Jeffrey M. Rosenblum, P.C. | Jun 18, 2014 | IRS
A unanimous Supreme Court has held that the funds in an inherited IRA do not qualify for exemption in bankruptcy because they do not share the same characteristics as “retirement funds” that traditional IRAs have. Here are the facts of the case – In...
On behalf of Jeffrey M. Rosenblum, P.C. | Jun 12, 2014 | Personal Bankruptcy
As we have written about before on our personal bankruptcy blog, one of the most bedeviling types of debt for consumers is student loan debt. This is because it can be very difficult to wipe out student loan debt in bankruptcy, unlike other forms of debt such as...
On behalf of Jeffrey M. Rosenblum, P.C. | Jun 10, 2014 | Chapter 7
Having large amounts of outstanding debt is an understandable reason for choosing to file for bankruptcy. It might seem as though there are few viable options for people trying to eliminate their debts, although Chapter 7 bankruptcy might be one of them. An...
