Articles from Shenwick & Associates

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WUFT is reporting that virtually all PPP loans have been forgiven with limited scrutiny

Submitted by Anonymous (not verified) on Thu, 10/13/2022 - 22:55

WUFT is reporting that virtually all PPP loans have been forgiven with limited scrutiny. The article can be found at https://www.wuft.org/nation-world/2022/10/12/virtually-all-ppp-loans-hav....
Jim Shenwick, Esq 212-541-6224 [email protected]

EIDL Loan Default Questions & Answers

Submitted by Anonymous (not verified) on Sun, 10/09/2022 - 15:58

 EIDL Loan Default Questions & Answers
As many readers  of our blog posts know, at Shenwick &Associates we are representing many individuals and companies that have defaulted on  Economic Injury Development Loans (EIDL) from the SBA.Below are commonly asked questions and answers that we have been asked regarding EIDL  loan defaults.

Democrats Push to Lift Ban on Student Loan Bankruptcy Relief

Submitted by Anonymous (not verified) on Fri, 10/07/2022 - 17:00

 Democrats Push to Lift Ban on Student Loan Bankruptcy ReliefLegislation has been proposed in the House and Senate that updates the federal bankruptcy code to ensure student loan debt is treated like almost every other form of consumer debt that can be discharged during bankruptcy. The story can be found athttps://www.commondreams.org/news/2022/10/06/democrats-push-lift-ban-stu...

If You Defaulted on Student Loans, The Fresh Start Program Offers a Second Chance see the Forbes article below

Submitted by Anonymous (not verified) on Thu, 10/06/2022 - 18:39

 If You Defaulted on Student Loans, The Fresh Start Program Offers a Second Chance. See the article at Forbes https://www.forbes.com/advisor/student-loans/fresh-start/
Jim Shenwick, Esq. [email protected] 212 541 6224

What type of student loans qualify for up to $20,000 of forgiveness under the Biden Plan?

Submitted by Anonymous (not verified) on Tue, 10/04/2022 - 23:11

 What type of student loans qualify for up to $20,000 of forgiveness under the Biden Plan? These student loan types qualify for up to $20,000 of forgiveness under Biden's planhttps://www.businessinsider.com/personal-finance/which-loans-qualify-student-loan-forgiveness-2022-9
Jim Shenwick, Esq[email protected]212 541 6224

According to the NY Post New York has fourth-highest household debt in US — and it’s getting worse

Submitted by Anonymous (not verified) on Wed, 09/28/2022 - 18:53

 According to the NY Post New York has fourth-highest household debt in US — and it’s getting worse. https://nypost.com/2022/09/23/new-york-has-fourth-highest-household-debt-in-us-and-its-rising/?utm_source=gmail&utm_campaign=android_nypAs debt increases, expect personal bankruptcy filings and business closings to increase.

Keeping your car in bankruptcy

Submitted by Anonymous (not verified) on Thu, 09/22/2022 - 18:12

 Bankrate has a very helpful article about how to keep your car after you file for bankruptcy. The article titled "Keeping your car in bankruptcy" can be found at https://www.bankrate.com/personal-finance/debt/keeping-your-car-in-bankruptcy/
At Shenwick & Associates we have filed many personal bankruptcy petitions for clients who have kept their cars and gotten a discharge!

40 Million Borrowers Will Receive Student Loan Forgiveness Under Biden’s New Plan

Submitted by Anonymous (not verified) on Wed, 09/21/2022 - 16:17

 Forbes is reporting that 40 million Americans will benefit from Biden's proposed student loan forgiveness.

Can cannabis companies file for chapter 11 bankruptcy protection?

Submitted by Anonymous (not verified) on Mon, 09/19/2022 - 20:07

 So can cannabis companies file for chapter 11 bankruptcy protection? The answer generally is No!

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