What happens if I don’t pay my credit card bill?

December 4, 2020
On Behalf of Jeffrey M. Rosenblum, P.C.
Chapter 7

Most Long Island area residents have at least one credit card. In fact, it is estimated that Americans have at least four credit cards. Most of the time a credit card holder is responsible with credit card debt but occasionally…

Chapter 7 bankruptcy exemptions and how they protect filers

November 20, 2020
On Behalf of Jeffrey M. Rosenblum, P.C.
Firm News

Chapter 7 bankruptcy allows the filing party to enjoy a fresh financial start but does not require them to start from scratch. Chapter 7 bankruptcy exemptions provide important protections for filing parties to be familiar with and understand how to take advantage…

Misconceptions with a Chapter 11 bankruptcy filing

November 5, 2020
On Behalf of Jeffrey M. Rosenblum, P.C.
Chapter 11

In a time of many unknowns, businesses in New York and elsewhere are making major business decisions to ensure the longevity of their businesses is protected. Unfortunately, when difficult financial times are occurring, not all businesses can stay afloat or…

The repayment plan of Chapter 13 bankruptcy

October 20, 2020
On Behalf of Jeffrey M. Rosenblum, P.C.
Chapter 13

Chapter 13 bankruptcy differs from Chapter 7 bankruptcy in several important ways. One of those differences relates to the bankruptcy filers’ abilities to use their own income to pay off their debts. If a Long Island resident has some disposable…

Why can’t I file for Chapter 7 bankruptcy?

October 2, 2020
On Behalf of Jeffrey M. Rosenblum, P.C.
Chapter 7

Chapter 7 bankruptcy is an important legal and financial tool that helps many New Yorkers find stable financial footing each year. Through Chapter 7 bankruptcy a debtor may liquidate their assets for the purposes of paying off their creditors and…

Century 21 files for Chapter 11 and closes 13 remaining stores

September 7, 2020
On Behalf of Jeffrey M. Rosenblum, P.C.
Chapter 11

As any New Yorker can attest, the pandemic has impacted individuals and businesses in a variety of ways. While some may have experienced little to no impact when it comes to finances, many small business owners and major companies have…

Should you max out your credit cards before a Chapter 7 bankruptcy?

August 27, 2020
On Behalf of Jeffrey M. Rosenblum, P.C.
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.…

A reaffirmation agreement might help you keep assets

August 7, 2020
On Behalf of Jeffrey M. Rosenblum, P.C.
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…

What is a bankruptcy means test?

August 4, 2020
On Behalf of Jeffrey M. Rosenblum, P.C.
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…

Long-term and short-term financial goals after bankruptcy

July 28, 2020
On Behalf of Jeffrey M. Rosenblum, P.C.
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 emergencies can upset a family’s financial…