Articles from Shenwick & Associates

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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!

New Rochelle restaurant owner sentenced for not paying his employees

Submitted by Anonymous (not verified) on Fri, 09/16/2022 - 18:26

 Restaurant owners be careful about not paying your employees! News 12 has an article titled New Rochelle restaurant owner sentenced for not paying his employees. The article can be found at https://bronx.news12.com/new-rochelle-restaurant-owner-sentenced-for-not-paying-his-employees
Restaurant owners who do not pay their employees can be subject to federal and state lawsuits and class actions be their employees for wage and hour claims litigation.

IRS Penalty Relief

Submitted by Anonymous (not verified) on Thu, 09/15/2022 - 23:17

 The Patch has an article about IRS penalty relief. The article is titled "IRS Offers $1.2B In Penalty Relief; Tardy Taxpayers Must Act Quickly".The article can be found at https://patch.com/us/across-america/irs-offers-1-2b-penalty-relief-tardy-taxpayers-must-act-quickly
Jim Shenwick, Esq [email protected] 212 541 6224

Debt consolidation vs Bankruptcy

Submitted by Anonymous (not verified) on Tue, 09/13/2022 - 18:04

 Fox Business has an article on "debt consolidation vs bankruptcy". The article contains a compare and contrast between the 2 strategies. The article can be found at https://www.foxbusiness.com/personal-finance/debt-consolidation-vs-bankruptcy
At Shenwick & Associates we have helped clients with both debt consolidation and personal bankruptcy and we can answer questions on both of these topics.

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