Name: Robert H. Solomon, PC
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Why You Should Consider Chapter 7 Bankruptcy If You Lost Your Job During COVID-19

Posted on September 9, 2020

How a Loss of Income Can Open You to Chapter 7 Bankruptcy Protections The COVID-19 pandemic has unfortunately ravaged the United States economy and continues to restrict what types of businesses can normally operate, resulting in record unemployment and unprecedented layoffs across numerous industries. Losing a job in...

Attorney Rob Solomon Quoted in Newsday Article

Posted on August 25, 2020

A recent article by Newsday featured Attorney Rob Solomon, who discussed possible reasons behind the low rate of business bankruptcies in Long Island. In light of COVID-19 and its economic ramifications, many have expected bankruptcies to increase substantially as both consumers and businesses struggle with stay-at-home orders, business...

CARES Act Makes Pivotal Adjustments to Bankruptcy Code

Posted on April 7, 2020

Financial Support for Businesses and Individuals During COVID-19 Local, state, and federal governments are scrambling to provide financial support to individuals and businesses amidst the COVID-19 pandemic. The most notable legislation is the Coronavirus Aid, Relief, and Economic Security (CARES) Act, signed into law by...

NY Bankruptcy Judge’s Ruling Could Help People Get Rid of Student Loans

Posted on January 13, 2020

A lawyer managed to get own his massive, years-old student debt thrown out in New York bankruptcy court this week, after he was able to prove the burden was so huge he could never afford to pay it. The ruling potentially has huge implications for others suffering under crushing...

Using Secured Credit Cards to Rebuild Your Credit Following a Bankruptcy

Posted on July 9, 2019

How Do Secured Credit Cards Work? The New York Times recently wrote about the value of secured credit cards for those with poor credit. A secured credit card requires a cash deposit to “secure” the line of credit and allows users to make purchases up to...

Should I Declare Bankruptcy if I Can’t Pay My Student Loans?

Posted on November 21, 2018

Knowing what your options are when filing for student loan discharge is important. Discover your options when your student loans are becoming too much to handle. Declaring Bankruptcy If You Can’t Pay Your Student Loans Generally speaking, student loans cannot be discharged in bankruptcy, but...

How Does Bankruptcy Affect my Credit Score?

Posted on November 6, 2018

Although bankruptcy can stay on your credit for up to 10 years, it is never too early to try and rebuild it. Ways Bankruptcy Affects Your Credit Score One of the main reasons people hesitate to file for bankruptcy is because of the effect it...

Behind on Your Mortgage? What Can Loan Modifications or Bankruptcy Do?

Posted on October 31, 2018

While loan modifications don’t follow bankruptcy and vice versa, modifying your loans, such as your mortgage, can help you when filing a chapter 13 bankruptcy. Facing Bankruptcy: What Loan Modifications Are and How They Can Help No matter how hard you try, sometimes you just...

What You Should Expect From Your Bankruptcy Lawyer?

Posted on October 23, 2018

Do I Even Need Help From a Bankruptcy Attorney? If you are considering bankruptcy, the last thing you might be thinking is paying to get help, but that is precisely what you need. Your ability to pay your bills on time has been compromised, and professional guidance is...

How Much Will Your Chapter 13 Bankruptcy Repayment Plan Be?

Posted on October 3, 2018

Chapter 13 bankruptcy allows debtors to keep all of their possessions as long as they make the agreed-upon payments designated by the bankruptcy court trustee. The debtor makes payments in the repayment plan for 3-5 years (the time is decided by the statute and is based on income) directly to the trustee...

Is Chapter 13 Bankruptcy for You?

Posted on September 12, 2018

When considering bankruptcy, the average person thinks about chapter 7. By the time they think about filing for bankruptcy, they are generally having considerable trouble paying their bills on time. What many people don’t know is that an alternative to filing chapter 7 bankruptcy is available: Chapter 13 bankruptcy.

Is Chapter 7 Bankruptcy for You?

Posted on August 29, 2018

Before you make any decisions about filing chapter 7 bankruptcy, you must first know what chapter 7 bankruptcy is and whether or not it makes financial sense for you. Chapter 7 bankruptcy is the most simple and most common form of bankruptcy used by individuals and small businesses. Under...