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

Chapter 13 Archives

Can lawmakers help take the sting out of surprise medical bills?

Almost everyone has to deal with a large, unexpected medical bill at some point. A car crash, burst appendix, skiing accident or bout of food poisoning can send you or a family member to the nearest emergency room or urgent care facility. Sometimes, we're taken there by an ambulance or a loved one, and we have no say in choosing our medical provider -- let alone worrying about whether they're in our insurance network.

Why most people's 401(k) savings won't support them in retirement

Are you counting on the savings in your 401(k) to support you in retirement? Most Americans don't have nearly enough to adequately fund their retirement years. A new report using U.S. Census Bureau data states, "A 25-year-old median earner in 1981 who contributed regularly would have about $364,000 by age 60 [under ideal conditions], but the typical 60-year-old in 2016 had less than $100,000."

American Chopper star sells New York home amid Chapter 13

Last year, it appeared that the star of the television show American Chopper could lose his multimillion-dollar Montgomery, New York, home to foreclosure amid his bankruptcy because he had defaulted on his mortgage. However, Paul Teutul Sr. has been able to sell the home.

What you should know about a Chapter 13 repayment plan

Many people who file for personal bankruptcy choose Chapter 13 over Chapter 7 in large part because it can allow them to keep their home and other valuable assets. If your income is high enough, you may not even qualify for Chapter 7, so Chapter 13 is your only choice.

Experts say customer credit quality is declining

The first quarter of this year brought some troubling news regarding consumer credit. The credit card industry saw an increase in the charge-off rate. That reflects the percentage of debt that companies don't expect to collect. While that rate (3.82%) is low by historical standards, it's still the highest in seven years, according to Bloomberg Intelligence.