EIDL Loan Approved: Now What? A Comprehensive Guide for Small Business OwnersSmall Biz Trends has a very helpful article on EIDL loans. The article can be found at  https://smallbiztrends.com/2023/05/eidl-loan-approved-now-what.html

Protect Your Car With Chapter 7 Bankruptcy
In Portland, Oregon, car ownership is a common necessity for many residents. However, life can throw unexpected challenges our way, and at times, meeting financial obligations becomes difficult. If you find yourself falling behind, you may be wondering if Chapter 7 bankruptcy car payments can offer any relief.

Yahoo Finance has a very informative article on filing for personal  bankruptcy? The article can be found at https://finance.yahoo.com/news/file-bankruptcy-195833314.html

Jim Shenwick, Esq  917 363 3391  [email protected]
Please click the link to schedule a telephone call with me.

 Bankruptcies are skyrocketing — and that’s only half the story. Interesting article about the increase in bankruptcy filings in The Hill. URL for the story is below.
https://thehill.com/opinion/finance/4011001-bankruptcies-are-skyrocketing-and-thats-only-half-the-story/
Jim Shenwick, Esq.  917 363 3391  [email protected]
We help individuals & companies with too much debt!

 Jim Shenwick is proud to announce that our new & improved website can be viewed at https://sites.google.com/site/jshenwick/home
Jim Shenwick, Esq 917 363 3391 [email protected]

 Yahoo Finance is reporting that "Repeat Bankruptcies Are Piling Up at Fastest Rate Since 2009".  The article can be found at 
https://finance.yahoo.com/news/repeat-bankruptcies-piling-fastest-rate-183531003.html?guccounter=1

Jim Shenwick, Esq  [email protected]   917 363 3391We held individuals & companies with too much debt!

Offers In Compromise ("OIC") for Defaulted SBA EIDL loans and Section 108 of the Internal Revenue Code ("IRC"), Relief of Indebted  Income, a Trap for the Unwary!Many clients contact Jim Shenwick, Esq regarding assistance with their defaulted SBA EIDL loans and ask that we assist them with filing an OIC with the SBA.BACKGROUNDBy way of background, if an individual or a company borrows money from the SBA and is unable to repay their loan, one option is to file an OIC with the SBA, requesting that they be allowed to pay only

Bankruptcy Means Test Inflation Adjustment for Family of Two Goes the Wrong Way Budgeting food and clothes in the bankruptcy court for a family of two just got harder. According to the Justice Department (who gets them from the IRS, who gets them from the Bureau of Labor Statistics), the average cost of food, clothing […]

Bankruptcy Means Test Inflation Adjustment for Family of Two Goes the Wrong Way Budgeting food and clothes in the bankruptcy court for a family of two just got harder. According to the Justice Department (who gets them from the IRS, who gets them from the Bureau of Labor Statistics), the average cost of food, clothing […]

June 24, 2020

CNBC

Key Points