June 2016 - Jeffrey M. Rosenblum, P.C.

Couple who filed Chapter 7 sues over continued collection efforts

June 29, 2016
On Behalf of Jeffrey M. Rosenblum, P.C.
Tax Law

When people file for Chapter 7 bankruptcy, the court sells off their nonessential assets in order to repay their creditors. Secured creditors generally receive top priority. Unsecured creditors are less likely to receive any of the proceeds from the sale…

When is Chapter 7 the best bankruptcy choice?

June 22, 2016
On Behalf of Jeffrey M. Rosenblum, P.C.
Chapter 7

If you’re considering filing for bankruptcy to get relief from overwhelming personal debt, the two main options are Chapter 7 and Chapter 13. There are a number of factors that will help you and your bankruptcy attorney determining which choice…

FBAR update: Change is on the horizon

June 21, 2016
On Behalf of Jeffrey M. Rosenblum, P.C.
IRS

The Internal Revenue Service (IRS) has some pretty strict rules. Some of the more severe revolve around foreign accounts and reporting requirements, such as the FBAR. The Report of Foreign Bank and Financial Accounts (FBAR) is a tax document that…

Don’t believe these bankruptcy myths

June 16, 2016
On Behalf of Jeffrey M. Rosenblum, P.C.
Chapter 7

Are you interested in filing for Chapter 7 bankruptcy in Long Island? When the time comes to make a final decision, you need to know what’s best for you and your finances. With so many bankruptcy myths, many people often…

Are Chapter 7 and 13 bankruptcies available for small businesses?

June 8, 2016
On Behalf of Jeffrey M. Rosenblum, P.C.
Chapter 13

As a small business owner, you hope that you never run into financial difficulties. If this does happen, you need to know your many options for getting back on track. There may be a time when Chapter 7 or Chapter…