Articles from Shenwick & Associates

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Discharging Student Loans In Bankruptcy without an Adversary Proceeding

Submitted by Anonymous (not verified) on Thu, 12/01/2022 - 22:39

On Nov  17, 2022 the Biden Administration announced a new path to Discharging Student Loan Debt in Bankruptcy, without commencing an Adversary Proceeding (litigation in Bankruptcy Court).  The New York Times has a story on this topic that can be found at https://www.nytimes.com/2022/11/17/your-money/bankruptcy-student-loans.htmlThe new path “outlines a better, fairer, more transparent process for student loan borrowers in bankruptcy,” according to Associate Attorney General Vanita Gupta.

11 Things You Should Know About Chapter 11 Bankruptcy

Submitted by Anonymous (not verified) on Wed, 11/23/2022 - 23:27

 Yahoo has a very helpful article about 11 Things You Should Know About Chapter 11 Bankruptcy. 
The article can be found at https://www.yahoo.com/now/11-things-know-chapter-11-161433809.html
Jim Shenwick, Esq   212 541 6224  [email protected]

Student Loan Forgiveness Update

Submitted by Anonymous (not verified) on Mon, 11/14/2022 - 21:49

 ABC has a very helpful article about "Student loan forgiveness update: What borrowers need to know after federal court struck down program". The article can be found at https://abc7ny.com/will-student-loans-be-forgiven-biden-forgiveness-loan-update/12451011/
Jim Shenwick, Esq   917 363 3391  [email protected]

Better to connect-What small business owners need to know about repaying loans tied to pandemic relief from the SBA EIDL Loans

Submitted by Anonymous (not verified) on Thu, 11/10/2022 - 20:37

WCNC has an article titled "Better to connect-What small business owners need to know about repaying loans tied to pandemic relief from the SBA"  EIDL Loans. SBA EIDL loan repayment begin this month!

Consequences of Filing for Personal Bankruptcy

Submitted by Anonymous (not verified) on Wed, 11/09/2022 - 20:02

 Forbes has an article about the consequences of filing for personal bankruptcy. The article can be found at   https://www.forbes.com/advisor/debt-relief/bankruptcy-consequences/Individuals with questions about personal bankruptcy can contact Jim Shenwick Esq.   [email protected]   917 363 3391

The Automatic Stay and Section 362 of the Bankruptcy Code

Submitted by Anonymous (not verified) on Tue, 11/08/2022 - 18:26

 When a bankruptcy petition is filed, section 362(a) of the Bankruptcy Code states that the bankruptcy petition provides a stay on the commencement or continuation of an action or proceeding against the debtor.An "Automatic Stay" provides relief to the debtor by stopping all litigation and collection efforts against him, giving him pause and time to reorganize his finances.After bankruptcy filing, creditors who wish to continue litigation against the debtor must file a motion to lift the stay in Bankruptcy Court.

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