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

blog Archives

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.

How do I know which chapter of bankruptcy is right for me?

If you find yourself unable to manage your debt on your own, you may feel that there is no way out of your current financial situation. In reality, there are options available to you, including the option of filing for consumer bankruptcy. Making the decision to file could be an important step for your future, but the next step is to decide which chapter is best for your individual situation.

How does a Chapter 13 bankruptcy work and is it right for me?

If you are one of the many New York residents who is financially struggling, you have likely started looking into what debt relief options are available to you. You have likely seen and heard advertisements for help that seem far too good to be true — and they probably are. Even though many people wish to avoid it, sometimes bankruptcy really is the best option.

Are you a victim of illegal debt collection efforts?

Dealing with overwhelming debt can have many negative consequences on your life. Besides the stress that comes with missing payments and knowledge that you cannot hope to catch up on your own, you may have to deal with phone calls and other forms of contact from creditors and debt collectors.

3 options for dealing with debt you may want to avoid

Most New York residents have likely heard some version of the phrase "money makes the world go 'round." While many people -- including yourself -- may agree with this sentiment, you in particular may have a disdain for this widely accepted notion due to your financial problems. Though many people face some sort of debt during their lives, your liabilities may have become considerably overwhelming.

Weighing the pros and cons of available options for debt relief

If you are facing an insurmountable amount of debt, chances are, your monetary obligations may be causing you to suffer a lesser quality of life. You might be spending most of your time researching the available options, but with so many available outlets for relief, you could be uncertain how to proceed.

Should you appeal your tax audit results?

The idea of facing an IRS audit can cause many New York residents to feel anxious. Often, this feeling may have you paying close attention to your tax records and documents in hopes of lessening your likelihood of getting the dreaded letter indicating that the government office intends to audit you. Unfortunately, even despite best efforts, you could still find yourself having your financial information coming under review.

Can lien stripping save your home?

Have you taken out a second or third mortgage on your home? Are you now struggling to keep up with the payments or have stopped making payments altogether? If so, according to the laws of New York, the lien holders would be well within their rights to initiate the foreclosure process even if you pay your primary mortgage in full each month. How can you save your home?

How will the means test affect your bankruptcy filing?

If you have decided to move forward with filing for bankruptcy in order to address your overwhelming debt, you should feel a sense of accomplishment. Even taking the first step toward debt relief in deciding to proceed with bankruptcy can prove difficult for most people. Therefore, you may already have started yourself on a path to a better financial situation simply by making this decision.

Bankruptcy can help your business reach a new chapter of success

Business models are constantly changing to align with the ever-expanding growth of online shopping. Some businesses have made a successful transition into the new age, while others have not been so fortunate. Perhaps your company fell a little behind in this area, causing it to experience periods of financial difficulty. You might have multiple ideas on how to restructure it and move into the new era, but you could be financially unable to make the necessary changes.