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

When is tax debt dischargeable in Chapter 7 bankruptcy?

November 29, 2016
On Behalf of Jeffrey M. Rosenblum, P.C.
Chapter 7

If the tax debt is part of the overwhelming financial obligations that lead a person to consider filing Chapter 7 bankruptcy, it’s essential to consider whether any of that debt and penalties assessed for it can be discharged in the…

An emergency room visit can be surprisingly costly

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

Virtually no one plans a trip to the emergency room. Sometimes people end up there without even realizing it. One minute you’re going about your life and the next thing you know, you’re in a hospital bed with an IV…

IRS reports success with foreign account reporting

November 15, 2016
On Behalf of Jeffrey M. Rosenblum, P.C.
IRS

Think you don’t need to report that offshore account to the IRS? Think again. A recent article in Forbes reports that the Internal Revenue Service (IRS) is hardly done with searching for unreported offshore accounts. “As we continue to receive more…

Tax authorities stepping up efforts to combat identity theft

November 15, 2016
On Behalf of Jeffrey M. Rosenblum, P.C.
Tax Law

As Americans increasingly file their taxes online, identity theft has become a growing issue. People are stealing taxpayers’ identities, filing false returns, and obtaining refunds of money not owed them (or the taxpayer). State and federal tax authorities, including the…

Judge rules there was no bad faith in dentist’s Chapter 7 filing

November 10, 2016
On Behalf of Jeffrey M. Rosenblum, P.C.
Chapter 7

A New York bankruptcy court judge ruled last month in favor of a dentist who filed Chapter 7 bankruptcy in a case brought by one of his creditors. The creditor claimed that the dentist filed for bankruptcy in bad faith…

When is a debtor entitled to a Chapter 13 debt discharge?

November 4, 2016
On Behalf of Jeffrey M. Rosenblum, P.C.
Chapter 13

In a Chapter 13 bankruptcy, a debt discharge is allowed if the debtor meet three requirements. These requirements are that the debtor: — Has paid all domestic support obligations; — Has not received a discharge in a previous bankruptcy case…