Articles from Shenwick & Associates

The Toledo Blade is reporting that millions of businesses need to start paying back coronavirus loans. The article states that nearly 3.8 million small business owners took out Economic Injury Disaster Loans (known as EIDL loans) from the federal government, averaging roughly $100,000 per loan, according to the Small Business Administration. These 30-year loans carry an interest rate of 3.75 percent for businesses and require repayment.

 Office Lease Closing, Termination, or Surrender in New York City As many readers of our emails and blog are aware, at Shenwick & Associates we are helping many small businesses close, terminate or surrender their office leases in New York. As a result of the cooling labor market, many industry experts predicted employers would have more leverage to force their employees back to work.

 The New York Times has an article about "What to Know About Biden’s Income-Driven Repayment Proposal". The story can be found at https://www.nytimes.com/2023/01/10/your-money/student-loans-income-driven-repayment.html.

 US Bankruptcy Court Rules Celsius Deposits Belong to the Firm. This story can be found at  the bitcoin website at https://news.bitcoin.com/us-bankruptcy-court-rules-celsius-deposits-belo...There ruling is bad news for people or companies who had deposits at Celsius, but may be good news for Celsius' unsecured creditors.