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

February 2018 Archives

The strange negative stigma in bankruptcy cases

Unfortunately, despite the fact that it is simply a legal financial option, bankruptcy often carries a negative cultural stigma. This is a curious development, as bankruptcy does not hurt the peers of a person filing in any sense, but the stigma remains.

Important questions to ask your bankruptcy attorney

If you are wallowing in debt, you are likely having trouble finding a way out of it. Debt can pile up quickly. This is an issue that millions of Americans face each year. Bankruptcy is the best option available for those who are swimming in debt with no end in site. As you prepare to consult with your attorney, be sure to ask the questions outlined in this post.

Don't let your spouse's tax liability become yours

Like many married or formerly married couples in New York and elsewhere, you have or do file joint taxes. There are a lot of benefits to doing so. Unfortunately, this also means that the Internal Revenue Service can come after you for your spouse's or former spouse's tax liability.

Debt can build without warning quite quickly

Debt is something that almost every American will have to deal with at one time or another in life. Whether it's student loan debt, a mortgage, credit card debt, a car loan, a boat loan or any other type of loan; debt is almost unavoidable. It's necessary for people to go into some form of debt in an effort to live their lives. But, debt can begin to build quite quickly to the point where you are swimming in it and see no way out of it.

What debts may a Chapter 7 bankruptcy eliminate?

Chapter 7 is the most widely available form of bankruptcy, offering those who face debt they cannot get under control the opportunity to unload some of it in return for surrendering some types of property and submitting to a few restrictions on borrowing for several years. While this form of bankruptcy is often the most difficult to undergo because of property forfeiture, it is also available with fewer requirements than other bankruptcy options.