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...
On behalf of Jeffrey M. Rosenblum, P.C. | Dec 31, 2015 | Personal Bankruptcy
New York pro football fans might be surprised to learn that former NFL running back Clinton Portis has filed for bankruptcy. The 34-year-old played for the Denver Broncos and the Washington Redskins and earned around $43 million over nine seasons. According to his...
On behalf of Jeffrey M. Rosenblum, P.C. | Dec 22, 2015 | Personal Bankruptcy
Many people in New York may be struggling with debt and unaware of their options. Bankruptcy is the right choice for some while others might have various possible solutions that they can pursue first. When trying to figure out a way to pay off debts, people should...
On behalf of Jeffrey M. Rosenblum, P.C. | Nov 18, 2015 | Personal Bankruptcy
Many people in New York and elsewhere have struggled to keep up with payments on credit cards or medical bills. Often they will refuse to consider Chapter 7 or Chapter 13 bankruptcy because of the perceived stigma attached to these types of debt relief. While their...
