Blogs
ProPublica just posted a fascinating piece on bankruptcy fraud in the Central District of California (which includes Los Angeles). It's the latest article in their important series "Too Broke for Bankruptcy: How Bankruptcy Fails Those Who Need It Most."
As you may know if you’ve been keeping up with our work, we’ve been focusing on the trials and tribulations of NYC taxi medallion owners. Now HotAir reports (based on a CBS San Francisco story) that San Francisco taxi medallion owners are facing the same issues of “underwater” medallions due to competition with Uber and Lyft, with its own unique local angle. It’s far from a San Francisco treat for medallion owners.
It happens often: Somebody has a debt and/or tax problem that’s been bothering them for a while. They know they should do something about it, but they find excuses. The most typical excuse: I can’t afford to pay for legal services.
Right now may be the time to get the situation fixed. Many of our clients finance legal services from the tax refund they get this time of year.
And particularly, if you’re getting garnished, may as well keep it out of the hands of a creditor you’re going to discharge anyway, stop the garnishment and put that money to good use fixing that problem once and for all.
Continue reading
It happens often: Somebody has a debt and/or tax problem that’s been bothering them for a while. They know they should do something about it, but they find excuses. The most typical excuse: I can’t afford to pay for legal services.
Right now may be the time to get the situation fixed. Many of our clients finance legal services from the tax refund they get this time of year.
And particularly, if you’re getting garnished, may as well keep it out of the hands of a creditor you’re going to discharge anyway, stop the garnishment and put that money to good use fixing that problem once and for all.
Continue reading
MEDALLION AUCTION UPDATE:
Crain’s New York Business reports that Aspire Federal Credit Union will be holding an auction of 14 New York City taxi medallions on Jan. 16, 2018. To attract bidders, at least one of the medallions will have an opening price of $150,000. The article notes that the last major auction that involved competitive bidding was a package of 46 medallions sold in September for about $186,000 apiece. For updates on this auction and further developments in the taxi medallion industry, please keep reading our blog.
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