On behalf of Jeffrey M. Rosenblum, P.C. | Oct 2, 2020 | Chapter 7
Chapter 7 bankruptcy is an important legal and financial tool that helps many New Yorkers find stable financial footing each year. Through Chapter 7 bankruptcy a debtor may liquidate their assets for the purposes of paying off their creditors and wiping their schedule...
On behalf of Jeffrey M. Rosenblum, P.C. | Jun 15, 2020 | Chapter 13, Chapter 7
Individuals usually decide to declare bankruptcy after they have exhausted all other financial options. Bankruptcy allows people a fresh financial start, but with a cost. To satisfy as many outstanding debts as possible, banks may require an individual to liquidate...
On behalf of Jeffrey M. Rosenblum, P.C. | Jun 9, 2020 | Chapter 7
There is are many false myths about bankruptcy. Many people believe that bankruptcy is a sign of failure. The fact stands that bankruptcy offers a way of beating crippling financial debt and offering applicants a clean slate. More than 700,000 people file for...
On behalf of Jeffrey M. Rosenblum, P.C. | Jun 5, 2020 | Chapter 7
Chapter 7, or the liquidation bankruptcy, is the process of bankruptcy in which the debtor turns over significant assets and the sale of those assets will go to creditors in order to pay off debts. The debtor will receive a blow to their credit score, but they will...
On behalf of Jeffrey M. Rosenblum, P.C. | Apr 22, 2020 | Chapter 13, Chapter 7, Personal Bankruptcy
Bankruptcy is overwhelming. The decision to file can be a difficult one to come to terms with and it often leaves you with so many unknowns. How does this work? What does this mean for my life? Will I lose my home? Bankruptcy can stop foreclosure Filing for Chapter 13...
On behalf of Jeffrey M. Rosenblum, P.C. | Dec 25, 2019 | Chapter 7
Bankruptcy can be a fresh start and put you on the road to financial health. However, for a time, your credit will take a hit. One concern that many people who file for bankruptcy have is if and when they’ll be able to rent an apartment. If you’ve been...
On behalf of Jeffrey M. Rosenblum, P.C. | Dec 16, 2019 | Chapter 7
Chapter 7 bankruptcy is typically associated with individuals who file for personal bankruptcy. In some cases, however, companies choose to file for Chapter 7 rather than the more common Chapter 11. Let’s look at when a company might want to consider going the...
On behalf of Jeffrey M. Rosenblum, P.C. | Nov 28, 2019 | Chapter 7
If a significant portion of the debt that has you considering bankruptcy is student loan debt, you’re not alone. Almost a third of people who file for bankruptcy have student loan debt. On average, it comprises almost half of their total debt. Those figures are...
On behalf of Jeffrey M. Rosenblum, P.C. | Nov 13, 2019 | Chapter 7
If you’re considering Chapter 7 bankruptcy, one of the terms you’ll see a lot as you learn about the process is “discharge.” That’s a big step in a bankruptcy case. It usually happens approximately four months from the bankruptcy filing....
On behalf of Jeffrey M. Rosenblum, P.C. | Oct 31, 2019 | Chapter 7
Could your debt be endangering your mental and physical health? It might be, according to a report recently published by CarefulCents.com, a personal finance website. The site reported that consumer debt was linked not just to psychological distress but to poor...
