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

June 2019 Archives

Unexpected expenses result in the majority of bankruptcy filings

A new report recently published by MarketWatch shows that the number of bankruptcy filings has significantly declined in the past 10 years. In fact, they've reached the lowest rate that they've been since the Great Recession back in 2008. U.S. Court data reveals why most people are pursuing this type of debt relief.

32% of Chapter 7 bankruptcy filers have student loan debt

The financial institution LendEDU published a report earlier this month that sheds additional light on what may be motivating many individuals to file for Chapter 7 bankruptcy nowadays. They found that student loans may be one such factor.

Taking your audit to tax court

Like many in New York and across the country, after you submit your tax returns, you may expect not to be dealing with the IRS until next year. Therefore, if you receive notice that the IRS is auditing your returns, you may have many concerns. You can prepare well for your audit, but if things don't go your way, you may find that the IRS is making a substantial adjustment to what you owe.