On behalf of Jeffrey M. Rosenblum, P.C. | Aug 27, 2020 | Personal Bankruptcy
There’s really no need for you to struggle for years or even decades in an attempt to escape what ultimately amounts to inescapable debt. Doing so only leaves you with depleted resources and overwhelming stress. Yet, if you’re like most people, then you’re probably a...
On behalf of Jeffrey M. Rosenblum, P.C. | Aug 27, 2020 | Personal Bankruptcy
You’ve noticed that you’re falling behind on your bills. Though you can keep up with them at the moment, you’re getting to a point where you just don’t have enough money coming in to pay everything you owe each month. You have been pondering if it’s a good idea to...
On behalf of Jeffrey M. Rosenblum, P.C. | Aug 4, 2020 | Personal Bankruptcy
Let’s be honest. Consumer bankruptcy is not a fun route to travel, but it can be necessary to settle your debts and start financially anew. In fact, filing for bankruptcy and settling debt can lift a great weight off of your shoulders. Debt comes in many forms,...
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...
