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

April 2017 Archives

Liquidation of assets during a bankruptcy

Bankruptcy can be a complicated process for those who are scared to utter the term and those who simply don't want to admit that it's happening. One part of the bankruptcy process for businesses is known as liquidation of assets. For business owners, liquidation is the absolute end of their business, which means the business will cease to be when this process is complete.

How to deal with overwhelming debt in New York

Debt is not an uncommon topic these days as more and more people find themselves in this predicament. People get into debt for various reasons: illness, unemployment, penchant for spending, mismanagement of money and more. Today we will discuss how you can deal with overwhelming debt in New York.

Make your student loan payments more manageable

Debt is a serious topic and something that should never be taken lightly. When people get into debt, they might find themselves struggling to climb out of it. Others know exactly how to handle their debt, even intended debt, and how to pay it off within a reasonable amount of time. One type of intended debt comes from student loans. Here's how you can make your student loan payments more manageable.

Why does what you own affect a Chapter 13 bankruptcy?

A Chapter 13 bankruptcy differs in a lot of ways from a Chapter 7 bankruptcy. One of the major differences, of course, is that Chapter 7 is considered a liquidation -- you have to give up the right to any property that the court deems unnecessary, or nonexempt. Nonexempt property can be seized and sold to help repay your creditors at least something. In exchange, all of your debts are forgiven.