On behalf of Jeffrey M. Rosenblum, P.C. | Jul 28, 2020 | Personal Bankruptcy
In decades past, filing for bankruptcy was equated with some level of financial failure. In truth, even a small emergency can send finances into a tailspin. Scenarios from job loss to divorce to medical emergency can upset a family’s balance and threaten a stable...
On behalf of Jeffrey M. Rosenblum, P.C. | Jul 13, 2020 | Personal Bankruptcy
Anyone who has been paying attention over the past six months understands that the American economy is in trouble. Americans barely had time to rebuild from the Great Recession that started in 2008, and now we seem to be headed into another one as a result of the...
On behalf of Jeffrey M. Rosenblum, P.C. | Jun 5, 2020 | Personal Bankruptcy
Among the most unfortunate things about bankruptcy is the public’s opinion. Often seen as a financial failure, people often overlook the benefits of bankruptcy. The laws guiding bankruptcy give Americans a second chance after an unfortunate financial event. However,...
On behalf of Jeffrey M. Rosenblum, P.C. | May 12, 2020 | Debt Relief, IRS, Personal Bankruptcy, Tax Law
A new IRS proposed regulation brings welcome news to beneficiaries of estates and non-grantor trusts. Beneficiaries will now be able to deduct expenses in excess of income in the final year of the trust or estate. The deductibility of these expenses had been...
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. | Mar 9, 2020 | Personal Bankruptcy
When bills mount and nonstop calls from creditors overwhelm you, you may not know how to reduce your financial stress. Many times, seeking debt relief seems inevitable. However, some indebted consumers do not understand how filing bankruptcy can provide immediate...
On behalf of Jeffrey M. Rosenblum, P.C. | Feb 26, 2016 | Personal Bankruptcy
New Yorkers who plan on filing for bankruptcy may be interested in a publicized case involving rap artist Curtis Jackson, better known as 50 Cent. Jackson filed for bankruptcy in 2015 following a court’s order that he pay $7 million to a woman who had a...
On behalf of Jeffrey M. Rosenblum, P.C. | Feb 4, 2016 | Personal Bankruptcy
Many New Yorkers are concerned about how filing for bankruptcy will affect their credit scores. While bankruptcy will cause an immediate drop in a person’s credit score, there are ways people can quickly improve their credit thereafter. Several things affect...
On behalf of Jeffrey M. Rosenblum, P.C. | Jan 28, 2016 | Personal Bankruptcy
Although many New York residents may be familiar with Tori Spelling’s acting career, they may not be quite as familiar with the reported financial challenges faced by her and her husband, 49-year-old Dean McDermott. The actress reportedly went through a...
On behalf of Jeffrey M. Rosenblum, P.C. | Jan 7, 2016 | Personal Bankruptcy
People in New York who are behind on some of their most important bills may want to consider filing for bankruptcy. Once bankruptcy is filed, the debtor is automatically protected from most legal actions that could be taken against them by bill collectors and...
