Chapter 13 Archives - Page 5 of 13 - Jeffrey M. Rosenblum, P.C.

Not all debts can be discharged in Chapter 13

December 10, 2018
On Behalf of Jeffrey M. Rosenblum, P.C.
Chapter 13

Chapter 13 bankruptcy can be a crucial first step out of overwhelming financial difficulties. Chapter 13 allows people to reorganize their debts and develop a three-to-five-year repayment plan. Some debts can be discharged completely in Chapter 13 bankruptcy. However, some cannot…

How do you know it’s time to consider bankruptcy?

November 25, 2018
On Behalf of Jeffrey M. Rosenblum, P.C.
Chapter 13

Determining whether to file for bankruptcy is one of the most difficult decisions many people make. Bankruptcy should be a last resort, as it will impact your credit for a number of years. However, it will help you get a…

Why are seniors increasingly opting for bankruptcy?

November 20, 2018
On Behalf of Jeffrey M. Rosenblum, P.C.
Chapter 13

The number of senior citizens filing for bankruptcy has increased by more than 200 percent in less than three decades. Social scientists who have studied this phenomenon point to a number of factors, including the rise in healthcare costs and…

Is Chapter 13 a good option for dealing with student loan debt?

November 6, 2018
On Behalf of Jeffrey M. Rosenblum, P.C.
Chapter 13

One of the largest sources of debt for many Americans is student loans. Many are still paying off loans decades after they finished college or graduate school. As you’ve likely read or been told, it’s very difficult to discharge student…

What is a ‘wage earner’s plan’?

October 19, 2018
On Behalf of Jeffrey M. Rosenblum, P.C.
Chapter 13

If you’re considering filing for bankruptcy, then you may have heard the terminology “wage earner’s plan” thrown about. This phrase is just another name for a Chapter 13 bankruptcy. It’s a simple way of describing what’s involved in filing for…

Chapter 13: The automatic stay stops most collection attempts

October 5, 2018
On Behalf of Jeffrey M. Rosenblum, P.C.
Chapter 13

Deciding to file a Chapter 7 or a Chapter 13 bankruptcy is difficult. One of the most powerful elements of bankruptcy that helps people make this decision is the promise of an automatic stay. This means an almost-immediate cessation of…

Debunking common bankruptcy myths for New York residents

September 14, 2018
On Behalf of Jeffrey M. Rosenblum, P.C.
Chapter 13

Some of the things that truly matter in life often come with a slew of myths and misconceptions. Chapter 7 and Chapter 13 bankruptcies are no exception to this concept. Many of the ideas about bankruptcy myths that frighten Long…

Determining if bankruptcy is right for you as a senior citizen

September 7, 2018
On Behalf of Jeffrey M. Rosenblum, P.C.
Chapter 13

Living as a senior citizen in New York can be enjoyable for so many reasons. It can also be quite scary if your financial situation is in ruins. Just because you’ve worked your entire life doesn’t mean that your finances…

Report: Bankruptcy is becoming more common among seniors

August 24, 2018
On Behalf of Jeffrey M. Rosenblum, P.C.
Chapter 13

Bankruptcy is becoming more common among senior citizens. In fact, according to a new report from the Consumer Bankruptcy Project (CBP), the rate of new bankruptcy filings among people who are at least 65 years old has doubled since 2013. The…

Do you get to keep your property with Chapter 13 bankruptcy?

July 27, 2018
On Behalf of Jeffrey M. Rosenblum, P.C.
Chapter 13

You have been considering bankruptcy, but you really do not like the idea of liquidating your assets with Chapter 7. You want to keep them. Is it possible for you to opt to use Chapter 13 instead? It is. This…