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

March 2019 Archives

How do you know if it's time to file for bankruptcy?

The decision to file for bankruptcy should not be made lightly. If will have a significant impact on your credit for up to 10 years. It's always a good idea to look for other ways to whittle down your debt, such as by negotiating with creditors.

Understanding the differences between Chapter 7 and Chapter 13

You may never have imagined that one day you'd be considering the option of filing for bankruptcy. The word has had a negative connotation for many years. However, contrary to what some people believe, it doesn't mean that you'll never get credit again or be able to fulfill your dreams. Indeed, with some vigilance and hard work, bankruptcy can be a step forward for you financially.

What are your options if you can't pay your taxes?

A lot of Americans are getting an unwelcome surprise when they file their taxes this year. Thanks to recent changes in the tax laws, they're getting a smaller refund than they're used to or -- worse yet -- they owe the Internal Revenue Service (IRS) a considerable amount of money. The Government Accountability Office (GAO) anticipates that over a fifth of Americans will owe money to the IRS this year.

Understanding the difference between foreclosure and short sale

Falling behind on your mortgage can be terrifying. In some cases, the lender may refuse to accept mortgage payments until you can pay the full amount of your delinquent payments, and this can mean falling deeper in debt as each due date passes. If you have exhausted your alternatives, you may have decided to relieve yourself of the debt by letting go of the house.