Long Island Bankruptcy Law Blog | Jeffrey M. Rosenblum, P.C.

Singer Eddie Montgomery sells business after bankruptcy filing

January 10, 2014
On Behalf of Jeffrey M. Rosenblum, P.C.
Chapter 7

Showing how easily debt in uncertain times can overwhelm even the famous, just three years after his wife filed for divorce, singer Eddie Montgomery of the country duo Montgomery Gentry has put up his restaurant and house for sale. The…

Holiday spending can result in a mountain of credit card debt

January 3, 2014
On Behalf of Jeffrey M. Rosenblum, P.C.
Chapter 13

The holiday are the time of the year when most families come together to eat, drink and be merry. Although such activities bring cheer to the occasion, they can translate into higher spending. Many people on Long Island, New York,…

Reckless financial habits can result in bankruptcy

December 27, 2013
On Behalf of Jeffrey M. Rosenblum, P.C.
Personal Bankruptcy

As the New Year ushers in, many people on Long Island, New York are making a list of goals to accomplish and bad habits to eliminate. While more people are concerned about their career and health, they should also look…

More Americans prefer filing for Chapter 7 bankruptcy

December 20, 2013
On Behalf of Jeffrey M. Rosenblum, P.C.
Chapter 7

Relying on credit cards to cover most needs is not a good decision. Many Americans, including those here in Long Island, New York, have filed for bankruptcy because of credit card debts. In fact, 32 percent of those who filed…

IRS Offers Tips for Year-End Giving – Part 1

December 17, 2013
On Behalf of Jeffrey M. Rosenblum, P.C.
IRS

The IRS provided guidance today for tips for year-end giving. Individuals and businesses making contributions to charity should keep in mind several important tax law provisions that have taken effect in recent years. Some of these changes include the following:…

Starting fresh by filing Chapter 13 bankruptcy

December 12, 2013
On Behalf of Jeffrey M. Rosenblum, P.C.
Chapter 13

Ending up in a credit mess is something no one plans for. Many New Yorkers face the everyday stress of trying to get by but end up with debts that could take years to eliminate. Relying on credit cards to…

Aaron Carter files for Chapter 7 bankruptcy

December 6, 2013
On Behalf of Jeffrey M. Rosenblum, P.C.
Chapter 7

Even celebrities have their share of financial downturns, and when they do, they want the same thing as everybody else, a fresh start. New Yorkers who have followed Aaron Carter’s career may be saddened to hear that he is one…

Holiday overspending can lead to credit card debt

November 27, 2013
On Behalf of Jeffrey M. Rosenblum, P.C.
Personal Bankruptcy

Overspending during the holidays leaves some people grappling with a pile of unpaid debts, a fact that New Yorkers should be mindful of this time of year. Some people only learn the hard way and spend years paying that debt…

Fast Track Settlement Program Now Available Nationwide; Time- Saving Option Helps Small Businesses Under Audit

November 22, 2013
On Behalf of Jeffrey M. Rosenblum, P.C.
IRS

“The Internal Revenue Service today announced the nationwide rollout of a streamlined program designed to enable small businesses under audit to more quickly settle their differences with the IRS. The Fast Track Settlement (FTS) program is designed to help small businesses and…

Bankruptcy filings have declined in New York

November 21, 2013
On Behalf of Jeffrey M. Rosenblum, P.C.
Personal Bankruptcy

There has been a decline in the number of bankruptcy filings nationally and it is attributed to lower unemployment and banks being more conservative about lending money. According to the Federal Reserve Bank of New York, overall household debt fell…