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

November 2018 Archives

How do you know it's time to consider bankruptcy?

Determining whether to file for bankruptcy is one of the most difficult decisions many people make. Bankruptcy should be a last resort, as it will impact your credit for a number of years. However, it will help you get a fresh start financially.

Why are seniors increasingly opting for bankruptcy?

The number of senior citizens filing for bankruptcy has increased by more than 200 percent in less than three decades. Social scientists who have studied this phenomenon point to a number of factors, including the rise in health care costs and a decline in pension income.

You can rebuild your credit after bankruptcy

Bankruptcy doesn't have to be the end of your ability to get credit. It can provide a fresh start to a healthier financial future unencumbered by mountains of debt. However, that won't happen overnight. It takes time, patience and careful planning to repair and rebuild your credit.

Selected for an audit? Here is what you can expect

If you have never had problems with your taxes before, getting a notice from the Internal Revenue Service that they are auditing you can be a bit alarming. The word audit is scary to a lot of people, simply because they do not know what to expect. Knowledge is power, and knowing what to expect during the audit process can help you and other New York residents in your same position get through it relatively unscathed.