Daniel Gershburg Daniel Gershburg

The Chapter 7 Bankruptcy Means Test is one of the most misunderstood tests around. There are a variety of different ways to qualify, even if your income is too "high." One of the ways that you can still get rid of your debts and still file, even if you have high income, is if 51% of your debt is non-consumer, or business debt.

I explain here in a general way.

Remember, none of this should be considered legal advice and no attorney/client relationship has been created!

I've compiled some of the most common questions that Trustees will ask debtors in a section 341 meeting (also known as the "Meeting of the Creditors")

Please understand that this is simply a sample of the potential questions and it does not constitute legal advice in any way!

The Coronavirus is only beginning to affect the NYC real estate market. I discuss how to protect yourself (in the market during this time) by

1. Having a candid conversation with your mortgage broker
2. Understanding timelines
3. Understanding contingencies
4. How to potentially save your down payment

Let me know your thoughts.

Using a CEMA in a New York City home purchase can save your clients thousands of dollars while also bridging the divide between Seller and Buyer to make a deal happen. In this episode, I break down

1. What a CEMA is
2. How much it can save
3. How to use it and also manage risk.

Feel free to email me at dgershburg@romerdebbas.com


This is not attorney advice and past results do not guarantee future outcomes

This week we're talking about permits. Specifically

1. What in the world are they for?
2. When do you need them?
3. Who gets them?
4. What happens if you don't get them?
5. Why am I so pumped about them?

It's a huge topic that's often underdiscussed in real estate circles, so I hope this podcast gives you some better idea about the process and steps you can take to ensure you're covered. Shoutout to Mike Daddio, a client, friend, and licensed contractor, who was so kind to give me some of his time to discuss some pitfalls.

Also, and I have to say it, none of this is legal advice and none of this creates an attorney-client relationship. I know, I know.

Did the new tax laws have an effect on the real estate marketplace? What in the world are the new tax laws, btw? I summarize the new changes and provide some viewpoints on how this has shifted a purchasers thought process when buying in NYC