Credit card debt often begins in college

August 4, 2019
On Behalf of Jeffrey M. Rosenblum, P.C.
Chapter 13

If you have a child going off to college this fall, you’re likely concerned about all sorts of potential dangers. Let’s discuss one you may not have considered - credit card debt. Credit card companies target college students, often with…

Owners of New York debt collection companies agree to settlement

August 1, 2019
On Behalf of Jeffrey M. Rosenblum, P.C.
Chapter 7

On July 25, the U.S. Consumer Financial Protection Bureau (CFPB) and the New York Attorney General (AG) announced that they had fined three New York-based debt collection companies and their owners over $60 million for illegally inflating consumer debts and…

Good debt, bad debt and your financial future

July 30, 2019
On Behalf of Jeffrey M. Rosenblum, P.C.
Firm News

Taking on a significant amount of debt can lead to financial distress for many New York consumers. If you find yourself dealing with debt, you may be wondering how you can ever manage it on your own or how you…

What should you do if you’re facing a debt collection lawsuit?

July 21, 2019
On Behalf of Jeffrey M. Rosenblum, P.C.
Chapter 7

Maybe you’ve been trying to ignore calls, letters, emails, and texts from debt collection agencies. Then you get hit with a lawsuit or debt claim by one of them. You may be tempted to ignore that, too. That would be…

American Chopper star sells New York home amid Chapter 13

July 14, 2019
On Behalf of Jeffrey M. Rosenblum, P.C.
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…

What are your options if you’re behind on credit card bills?

July 9, 2019
On Behalf of Jeffrey M. Rosenblum, P.C.
Chapter 7

Younger and older credit card holders are increasingly falling behind on their payments, according to the Federal Reserve Bank of New York. While credit card delinquencies are lower overall than they have been in the past, they’ve been rising during…

What you should know about a Chapter 13 repayment plan

July 4, 2019
On Behalf of Jeffrey M. Rosenblum, P.C.
Chapter 13

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…

Bankruptcy and your debt to the IRS

July 1, 2019
On Behalf of Jeffrey M. Rosenblum, P.C.
Firm News

When debt overwhelms you, it can be a scary thing. Creditors may call or even visit your home or work, and you may face many embarrassing and stressful moments as they try to collect what you owe. Perhaps no creditor…

Unexpected expenses result in the majority of bankruptcy filings

June 28, 2019
On Behalf of Jeffrey M. Rosenblum, P.C.
Chapter 7

A new report recently published by MarketWatch shows that the number of bankruptcy filings has significantly declined in the past 10 years. In fact, they’ve reached the lowest rate that they’ve been since the Great Recession back in 2008. U.S.…

Don’t needlessly lower your credit score

June 18, 2019
On Behalf of Jeffrey M. Rosenblum, P.C.
Chapter 13

When people get into financial difficulties, their credit score can start to plummet. Unfortunately, many Americans know little about the factors that affect their scores. Some are fairly obvious, like not paying bills on time and letting credit card and…