Blogs

4 days 1 hour ago

CNBC reports on the growing success of the first convenience store, 7-Eleven.
The 90-year-old convenience store launched its first Evolution store, a bigger and better version of the everyday convenience store. The Evolution store features a growler station with craft beer and a taco restaurant, along with the normal everyday items that convenience stores carry.
7-Eleven was created locally in Dallas, TX in 1927. Originally, 7-Eleven sold bricks of ice cubes. Johnny Jefferson Green came up with the idea to sell staples like milk, eggs, and cigarettes as well, thus creating the convenience store.

  • In the 1950’s, 7-Eleven expanded to a few additional states and started selling fuel.
  • In the 1960’s, 7-Eleven had 3500+ locations and created the world’s first coffee to go and the famous Slurpee drink.
  • In the 1970’s, 7-Eleven introduced self-service gas pumps at some locations.
  • In the 1980’s, 7-Eleven launched the 32-oz Big Gulp drink.
  • But in the 1990’s, $5 billion in debt and an increase in competition led to 7-Eleven filing for bankruptcy.

After overcoming their bankruptcy, 7-Eleven was able to come back due to increased demand for convenience. Now, 7-Eleven is once again the biggest convenience store as their brand keeps evolving over the years, hence the brand new Evolution stores they have created.
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The post How 7-Eleven Became Better Than Ever After Filing For Bankruptcy appeared first on Allmand Law Firm, PLLC.



4 days 22 hours ago

 You Can’t Find a Cab. Uber Prices Are Soaring. Here’s Why.The number of drivers and for-hire cars on the streets plunged during the pandemic, frustrating those seeking rides as the city starts to recover.

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Less than half of the city’s 13,500 taxis are operating, with many drivers saying there is not enough demand to justify returning to work yet.Less than half of the city’s 13,500 taxis are operating, with many drivers saying there is not enough demand to justify returning to work yet.Credit...Michael M. Santiago/Getty ImagesWinnie HuPatrick McGeehanSean PiccoliBy Winnie HuPatrick McGeehan and Sean PiccoliJune 15, 2021Updated 6:42 a.m. ETThe taxi line at La Guardia Airport had barely budged.There were no cabs in sight, and the grumbling was getting louder. People scanned the road for any glimpse of yellow. A dispatcher grimaced.Finally, a lone taxi rolled up for a waiting passenger. Then it was gone.“I haven’t seen it like this,” said Alex Hyken, 28, who lives in Brooklyn and had just returned from visiting relatives in St. Louis, only to find herself stuck behind 40 people who were also trying to get a taxi. Ten minutes later, she whirled off with her suitcase in search of an Uber or Lyft.When the pandemic shut down New York, it all but wiped out the city’s taxi industry, as commuters worked from home, tourists stayed home and businesses closed. Fleet owners reduced operations or suspended them altogether. Many drivers found other jobs, including driving trucks or making Amazon deliveries.Now, as the city starts to recover, buoyed by low virus rates and widespread vaccinations, yellow taxis are largely missing from many street corners and airport arrival areas.There are about 6,000 cabs on the road currently, according to industry analysts. That represents fewer than half of the total pool of 13,500 medallions, the city-issued permits required to operate a yellow taxi. Some 5,700 of those that are not working were taken out of service indefinitely by owners who put them into storage voluntarily and returned the license plates.The shortage is the latest setback for an industry that has struggled amid an influx of ride-hailing services and a spate of suicides among taxi owners and for-hire drivers. Even before the pandemic, some taxi owners faced financial ruin after being lured into taking on reckless loans to buy medallions at artificially inflated prices.In New York, ChicagoLas Vegas and other cities, demand for taxis and ride-hail cars has rebounded sharply from pandemic lows, outpacing the return of both drivers and cars. That has led to frustrating waits for riders, when taxis are even available.With drivers slow to return to work, the lack of for-hire cars has also pushed up the fares charged by ride-hailing apps like Uber that switch to so-called surge pricing when demand peaks.Many taxi owners are wary about how soon business will rebound. Demand is inconsistent and could be diluted if more cabs come rushing back to the streets, they said. The industry’s immediate future also depends on how soon workers return to their offices, and how soon tourists and business travelers come back to New York in big numbers.Editors’ PicksDon’t Play With Your Kids. Seriously.The Most Exciting Place to Eat in Los Angeles Is ChinatownYou May Not Want to Get Your Beauty Tips From TikTokContinue reading the main storyRichard Wissak, whose family operates 140 taxis, took his cars out of service last year as the coronavirus shut down the city. He later put the entire fleet into storage to save thousands of dollars in insurance, taxes and fees.“The city was in awful shape,” he said. “No airport work, no office work, and that’s the heartbeat of the yellow taxi industry.”ImageMany drivers for Uber and other ride-hailing services have also been slow to return to work, contributing to an increase in fares. Many drivers for Uber and other ride-hailing services have also been slow to return to work, contributing to an increase in fares. Credit...Amr Alfiky/The New York TimesMr. Wissak wants to get his taxis back on the road, but he worries that there is not enough business yet. “Why are we going to put our toe back in the water if we’re not going to be able to survive?” he said.Many owners of single medallions also received a temporary reprieve on their loan payments during the pandemic. Once they start working again, the payments may restart again too, without a guarantee that the owners can earn enough to afford them, said Bhairavi Desai, the executive director of the New York Taxi Workers Alliance.“They don’t want to go back to work before there’s substantial debt restructuring,” said Ms. Desai, whose group has started a fund to help taxi owners pay off their medallions in cash at lower prices.Another thing causing the shortage of available taxis is that some drivers who qualified for expanded unemployment benefits during the pandemic have not yet come back to work. Others have moved away or taken other jobs.Mohammad Hossain, 45, a driver from Queens, said that two of his friends — one who drove taxis, the other who drove for Uber — continue to collect unemployment, though “I’ve tried to tell them our business is a little bit better.”About 6,000 taxi drivers were working in April, according to Bruce Schaller, a transportation analyst. That was up from 2,200 in April 2020, at the pandemic’s height, but far below the 20,000 who were working in February, Mr. Schaller found.Many fleet owners have tried to attract more drivers by slashing leasing rates for taxis to make it easier for drivers to make money.The Taxi and Limousine Commission, which oversees the industry, is working closely with taxi operators to ensure there are enough taxis to meet demand and trying to help drivers by streamlining the regulatory process, said Allan Fromberg, a commission spokesman.The lack of drivers and cars has also affected ride-hailing services. About 54,000 worked for the services in New York in April, compared with 79,000 in February 2020, Mr. Schaller said. Across the United States, a ride with such a service costs as much as 40 percent more than it did a year ago, according to the research firm Rakuten Intelligence.Uber has dangled $250 million in bonuses and incentives to recruit more drivers around the county. In New York, the result has been more drivers and fewer rides at surge-pricing levels. “Drivers are returning to Uber in force to take advantage of higher earnings opportunities from our driver stimulus,” said Alix Anfang, an Uber spokeswoman.The shortage is a temporary problem that should be resolved as more drivers answer the demand for rides, Mr. Schaller said. But while the availability of cars may return to prepandemic levels, he added, Uber and Lyft fares may remain high, in part because customers are willing to pay them.“It’s like restaurants, it’s like Broadway, it takes a while to put things back in place,” said Mr. Schaller. “And things will go back differently than before.”Sunny Madra, who visited New York from California in late May, tweeted that an Uber from Midtown Manhattan to Kennedy International Airport had cost him $248, or nearly as much as his $262 plane ticket.“We all have this prepandemic muscle memory: You walk out, you hail an Uber and it’s reasonably priced,” Mr. Madra said in an interview. “A $200-plus Uber, you sort of say, ‘What happened here?’”Elizabeth Halem, 43, said she wanted to support taxi drivers by taking cabs but that even before the pandemic, she never saw them in her neighborhood, Greenpoint in Brooklyn.“Sighting a cab would be like sighting Bigfoot,” she said. “Cabs are sort of mythical beings here.”Instead, Ms. Halem ends up ordering cars using Lyft, which can cost nearly $50 for a ride, or almost twice what she paid before the pandemic.On a Thursday in Downtown Brooklyn this month, shoppers loaded with heavy bags waved down passing taxis. One woman, Lissette Carter, 41, said she was occasionally forced to settle for an Uber even if it cost more. “It’s painful, but you’ve got to get around when you don’t have a car, especially if you’ve got small children and it’s raining,’’ she said.The taxi shortage has led to long lines at La Guardia, where there is no direct link to the subway or commuter rail lines. Supply and demand can fluctuate, with taxis outnumbering passengers at times since there are still fewer air travelers than before the pandemic.“It’s almost impossible to survive,” said Stephen Benesoczky, 70, a taxi driver who waited close to an hour to pick up a fare. He spends nearly $200 a day to lease the taxi and cover his gas and expenses. If he makes $400 in fares, he said, “that’s a good day.”ImageThere were about 54,000 ride-hail drivers working in April, compared with 79,000 in February 2020, one transportation analyst found. There were about 54,000 ride-hail drivers working in April, compared with 79,000 in February 2020, one transportation analyst found. Credit...Mark Abramson for The New York TimesThe Port Authority of New York and New Jersey, which runs La Guardia and Kennedy, has taken steps to try to bring in more cabs, including sending regular updates to drivers through the taxi network’s internal messaging system. The authority has also created Twitter feeds to post information about airport hold lots, where cabs wait to be dispatched to a terminal.At terminal curbs, airport workers have even urged people waiting for taxis to try ride-hailing services instead.“There clearly is a shortage of taxi drivers,” said Rick Cotton, the authority’s executive director. “Part of the coming back from the pandemic is the taxi drivers were decimated and they need to see that the passenger volume has come back to return to the roads.”Sergio Cabrera, 57, who has owned and driven taxis for more than 20 years, was already hurting financially before the pandemic, losing passengers to the ride-hail cars that, he said, officials allowed to flood New York’s streets.Mr. Cabrera said he had also been laid up for three months after getting sick with Covid-19. When he was able to return to driving, he said, he went hours without a passenger. He made grocery deliveries and took out a pandemic-related loan meant to help small businesses.Mr. Cabrera said he was picking up about 10 passengers a day now, half of what he did before the outbreak.“I’ve lost my motivation for this business,” he said. “I wish I didn’t have to drive. I wish I didn’t have this burden on my shoulders.”Winnie Hu is a reporter on the Metro desk, focusing on transportation and infrastructure stories. She has also covered education, politics in City Hall and Albany, and the Bronx and upstate New York since joining The Times in 1999. @WinnHuPatrick McGeehan writes about transportation and infrastructure for the Metro section. He has been a reporter for the Times since 1999 and has covered Wall Street, executive pay, transportation, the New York City economy and New Jersey. @NYTpatrick


5 days 1 hour ago

Bankruptcy laws allow an individual to keep some of his personal property including clothes, cars, tools of the trade, and your bank account. If your properties are exempt, the trustee in bankruptcy will not be liquidating such property to pay off your creditors. Most exemptions will protect your property but only up to a limited amount. Meaning, if you have an expensive car outside the scope exempted by law, such a car will not be exempt. However, if your car is inexpensive and with the scope of the law, then your car may be granted a bankruptcy exemption.
The impact of a bankruptcy exemption filing in Oregon will depend on the types of bankruptcy you filed. For Chapter 7, the filing for bankruptcy exemption will determine what property are you going to keep. For Chapter 13, the exemption helps keep the payment plan have low monthly payments.
Common Bankruptcy Exemptions
Bankruptcy Exemptions in PortlandThe following are the most used bankruptcy exemptions in Oregon:

  • Homestead Exemption including manufactured and floating homes of up to $40,000 for singles and $50,000 for married couples.
  • Motor Vehicle Exemption with equity up to $3,000.
  • Wildcard Exemption of any personal property up to $400.
  • Personal Property such as:

                 o   Furniture
                 o   Household items
                 o   Personal items
                 o   Clothing
                 o   Jewelry
                 o   Books
                 o   Musical instruments
                 o   Domestic animals
                 o   Guns
                 o   Building materials

  • Wages that are withheld for a state employee amounting up to $7,500 and a court order amount of disposable wages up to 75%
  • Pensions
  • Public Benefits including:

                o   Aid to the blind
                o   Workers’ compensation
                o   Assistance to medical bills
                o   Disaster relief
                o   General assistance
                o   Unemployment compensation
                o   Federal income tax credit

  • Tools of Trade
  • Child support and Alimony
  • Insurances

Federal Bankruptcy Exemptions vs Oregon Exemptions
In Oregon, citizens are allowed to choose between federal bankruptcy exemptions or state exemptions. Residents are only allowed to choose one and cannot avail of the exemptions from both. The two have different lists of properties that you can exempt and you must check to see what list works best for you. Talk to a reliable bankruptcy attorney in Portland for more information.
What are the Effects of Filing Bankruptcy Exemptions for Chapter 7 Bankruptcy?
In Chapter 7 bankruptcies, trustees are appointed to liquidate or sell your properties and the proceeds will be used to pay your lenders. However, not all your properties are forfeited in this chapter so that you can have a fresh start such as buying a house after bankruptcy.
After completing the paperwork and passing the means test, you are now qualified for Chapter 7. You can now proceed in listing your properties and the exemptions you want to claim for them. If the property is fully covered by the exemption, you can keep such property. If not, the bankruptcy trustee will take charge and sell the properties to pay back the creditors. If the property is partially covered by the exemption or if it is a secured debt under a mortgage payment or collateral, it is the creditors’ rights to be paid first.
What are the Effects of Filing for Bankruptcy Exemptions for Chapter 13 Bankruptcy?
This option is a repayment chapter where the Chapter 13 trustee will not acquire the properties of the debtor. When your petition for exemptions is approved, you are still afforded bankruptcy protection from harassing creditors and other collection agencies. You will only need to repay the value of the nonexempt properties such as credit card debt. Your debt-repayment plan will be lower, allowing you to pay all your creditors and obtain debt relief.
How to File Bankruptcy Exemption in Portland?
If you are overwhelmed with debt and is considering bankruptcy, the bankruptcy code does not require you to have a bankruptcy lawyer but having the help of a bankruptcy attorney is greatly beneficial because the bankruptcy law can be very complex and small mistakes can lead to your petition for bankruptcy to be denied, wasting all the time, money, and effort you made. Here at Northwest Debt Relief Law Firm, we will help and guide you through our experienced Portland bankruptcy attorneys in all the bankruptcy matters not just before the bankruptcy filing, but also with the after services such as how to rebuild credit, bankruptcy pros and cons, and any other bankruptcy services you need to be out of debt. Call us now for a free legal consultation.
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The post What are Bankruptcy Exemptions in Portland? appeared first on Portland Bankruptcy Attorney | Northwest Debt Relief Law Firm.


1 week 4 days ago

Austin (KXAN) reports that rental scams are on the rise in Austin, TX. Michelle Deloach is a victim of one of these rental scams. She states,

“We were so excited. It came with a dog door, a guest house and everything… Things in Austin go like that, so we thought, ‘We love this house, let’s jump on it.’ We sent over the deposit and the dog deposit and first months rent. It all added up to be $5,200.”

It seemed like a wonderful opportunity for Deloach, but when she went to go move in, the property owner never met her to give her a key and never responded to her calls and messages.
The Better Business Bureau (BBB) also says that these scams are happening more frequently, especially in booming cities like Austin.
Tips to avoid scams:

  • If it’s too good to be true, it may be a scam.
  • Don’t wire funds to anyone you’ve never met.
  • Don’t accept any wire funds that you did not initiate.

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The post Austin, Tx: Beware Of Rental Scams! appeared first on Allmand Law Firm, PLLC.



1 week 4 days ago

" I retained Jim Shenwick from a recommendation from another attorney. All I can say is, Jim is a  Professional! Jim got me to relax by taking full ownership of my bankruptcy situation and made the whole process easy for me! Jim and his team went above and beyond to get the job done. I highly recommend Jim"            E___ B___ A___  


1 week 5 days ago

When you file for bankruptcy, your credit score will most likely decrease. You could see a decline of anywhere between 50 to 200 points depending on what your score was before filing. However, it is crucial to remember that this is usually only a short-term impact. If you are speaking with one of our Roseville, […]
The post How Much Does Filing for Bankruptcy Affect Your Credit Score? appeared first on The Bankruptcy Group, P.C..


1 week 5 days ago

One of the many questions people have when they first talk with a bankruptcy attorney is, “how long will it take for me to file?” The answer, like many other answers concerning bankruptcy, is, “it depends.” Many factors should be carefully considered before filing. The success of any bankruptcy filing depends on the work that […]
The post How Long Does Bankruptcy Take to File? appeared first on The Bankruptcy Group, P.C..


1 week 5 days ago

Yahoo! Sports reports that Evander Kane, professional ice hockey left winger for the San Jose Sharks, says his bankruptcy coming to light brought him relief.
Kane spoke to reporters about how dealing with the bankruptcy has been very stressful, but about how it was a relief to not try and hide it anymore. He claims it was a big relief for him.
From The Article:

“For years, I was dealing with all these things,” Kane said. “It’s having that constant stress. Everybody has stress. But once I made that decision (to file for bankruptcy), people think it is the start of something. Really, it’s the end of this chapter of my life. I think that is where the big misconception is about this.”

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The post Sharks’ Evander Kane Says He Feels Relief Now That Bankruptcy Has Come To Light appeared first on Allmand Law Firm, PLLC.



1 week 6 days ago

“Does Reaffirming My Car Loan Help My Credit Score?” Ray and Theresa, who filed bankruptcy with me last fall, asked me that last week. Lots of people ask that same question after they look at their after-bankruptcy credit report and see that their car payments don’t show.  Then, they are told by their car finance […]
The post Does Reaffirming Your Car Loan Help Your Credit Score? by Robert Weed appeared first on Northern VA Bankruptcy Lawyer Robert Weed.


1 week 6 days ago

“Does Reaffirming My Car Loan Help My Credit Score?” Ray and Theresa, who filed bankruptcy with me last fall, asked me that last week. Lots of people ask that same question after they look at their after-bankruptcy credit report and see that their car payments don’t show.  Then, they are told by their car finance […]
The post Does Reaffirming Your Car Loan Help Your Credit Score? by Robert Weed appeared first on Northern VA Bankruptcy Lawyer Robert Weed.


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