5 Signs You Need to Find a Local Bankruptcy Attorney

By Law Offices of David M. Siegel Bankruptcy Attorney Chicago Feeling like you’re sinking in a sea of debt, juggling bills, and losing sleep over your financial situation? It might be time to consider seeking help from a local bankruptcy attorney. Here are five signs that it’s time to take action. Skyrocketing Credit Card Balance+ Click Here For Read More

5 Common Causes of Small Business Bankruptcy from RBC Royal Bank

RBC Royal Bank has an article about the "5 Common Causes of Small Business Bankruptcy " The article can be found at https://discover.rbcroyalbank.com/5-common-causes-of-small-business-bankruptcy/

Business Bankruptcies Pick Up Again

Business Bankruptcies Pick Up AgainCFO Drive is reporting that Business Bankruptcies have increased. The story can be found at https://www.cfodive.com/news/business-bankruptcies-pick-up-again/686049/

SBA EIDL HARDSHIP PROGRAM

The SBA is offering a Hardship Plan for borrowers experiencing  financial challenges.Eligible borrowers are required to pay at least 10% of their monthly payment amount for six months. Interest will continue to accrue, which may increase payments due at the end of the loan term.Regular monthly payments  will be required after the six-month Hardship Program  period ends. Borrowers may be able to renew the Hardship Accommodation Plan after six months. The SBA Hardship Plan does not reduce the amount of money due the SBA for the EIDL loan, so at best the Hardship Plan is a temporary solution.F

Index of Jim Shenwick, Esq Articles on Defaulted SBA EIDL Loans, Workouts, Offer in Compromise (OIC), & Bankruptcy

 Defaulted SBA EIDL Loans, Limited Liability Company (LLC) and Cancellation of Debt Income (COD) under Section 108 of the Internal Revenue Codehttps://shenwick.blogspot.com/2023/07/defaulted-sba-eidl-loans-limited.html

Defaulted SBA EIDL Loans, Limited Liability Company (LLC) and Cancellation of Debt Income (COD) under Section 108 of the Internal Revenue Code

 Defaulted SBA EIDL Loans, Limited Liability Company (LLC) and Cancellation of Debt Income (COD) under Section 108 of the Internal Revenue CodeAs many readers of our emails and blog posts know, Shenwick & Associates  has developed a specialty helping borrowers, who have defaulted on SBA EDIL loans.

Biden's Plan B on student loan forgiveness relies on Higher Education Act: What to know

 Biden's Plan B on student loan forgiveness relies on Higher Education Act: What to knowSee article at https://abc7chicago.com/joe-biden-student-loan-forgiveness-plan-higher-e...
Jim Shenwick, Esq  917 363 3391  [email protected] 
Please click the link to schedule a telephone call with me.

Commercial Chapter 11 Filings Increased 68% Y/Y in the First Half of 2023

 Commercial Chapter 11 Filings Increased 68% Y/Y in the First Half of 2023 see the article at https://www.monitordaily.com/news-posts/commercial-chapter-11-filings-in...

"'Here's What Happens When You File For Bankruptcy" Motley Fool

 The Motley Fool has an article titled 
Here's What Happens When You File For Bankruptcy
The article can be found at https://www.fool.com/the-ascent/personal-finance/articles/heres-what-happens-when-you-file-for-bankruptcy/
Clients with questions about a Bankruptcy Filing or Bankruptcy should contact Jim Shenwick, Esq

Yes, The IRS Can Sue To Collect On A Debt Forbes article

 Forbes has an excellent titled"Yes, The IRS Can Sue To Collect On A Debt"The article discusses the IRS assessment statute of limitations (three years from the time a tax return is filed to make the assessment) and the IRS   collection statute of limitations of 10 years. During the 10 years, the IRS has the power to garnish wages, impose a levy on bank accounts and file a lien against real property (e.g.

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