Articles from Shenwick & Associates

IRS Announcement: Automatic Abatement of Failure to File Penalties for Tax Year 2019 and 2020

 IRS Announcement: Automatic Abatement of Failure to File Penalties for Tax Year 2019 and 2020. See the fully story at https://www.gettrymarcus.com/irs-surprise-announcement-automatic-abateme...

Asset Protection Planning

 Eisner Amper has posted an article on Asset Protection Planning. The article can be found at https://www.eisneramper.com/seven-ways-protect-assets-from-litigation-creditors-0822/
At Shenwick & Associates, we have helped many clients with these strategies. Jim Shenwick, Esq. [email protected] 212 541 6224

James Shenwick is proud to announce that he has been selected as a 2022 AV Preeminent Attorney

  Congratulations James Shenwick on your 2022 AV Preeminent Attorney Reminding you that your 2022 AV Preeminent Attorney is quite an accomplishment. The American Registry has helped individuals and businesses promote their excellence by creating the absolute best displays of your awards. Your awards set you apart from all the competition. They validate. They build confidence and trust. They grow your business! Put them on display now and show your customers just how good you are.

Student Loan Relief

 Business Insider has an article about student loan relief. The article is titled: 7.5 million student-loan borrowers are getting a fresh shot at debt relief. Here's how to know if you qualify.  The article can be found at https://lnkd.in/eEsuDwqv

Student Loan Default Update

Based on a story in the Business Insider, referencing a Washington Post article, 7.5 million student-loan borrowers in default will have 1 year after the payment pause expires to enroll in a program that returns them to good standing. The Business Insider story can be found at: https://www.businessinsider.com/student-loan-borrowers-default-fresh-start-payment-pause-biden-education-2022-8

PPP & EIDL Fraud

 The Journal of Accountancy has reported that President Biden signed two Bills, extending the statute of limitation for prosecuting PPP & EIDL fraud to 10 years from the date when the offense was committed.The bills are:H.R. 7352, the "PPP and Bank Fraud Enforcement Harmonization Act of 2022," and H.R.

Prosecutors Struggle to Catch Up to a Tidal Wave of Pandemic Fraud for PPP and EIDL Loans

The New York Times has an article in today's paper titled "Prosecutors Struggle to Catch Up to a Tidal Wave of Pandemic Fraud"  The article can be found at https://www.nytimes.com/2022/08/16/business/economy/covid-pandemic-fraud.htmlAt Shenwick & Associates we are getting telephone calls and emails from clients who have defaulted on their EIDL l

Personal Bankruptcy article at CNBC

 CNBC has a very helpful article about personal bankruptcy. The article titled:"If you’re facing bankruptcy, here’s what experts say to do before, during and after you file" can be found at https://www.cnbc.com/2022/08/14/what-experts-say-to-do-before-during-and-after-filing-for-bankruptcy.html
Jim Shenwick, Esq. 212 541 6224 [email protected]

Can You File For Bankruptcy Over Medical Bills?

 Forbes' has an article titled Medical Bankruptcies: Can You File For Bankruptcy Over Medical Bills? The article can be found at https://www.forbes.com/advisor/debt-relief/medical-bankruptcies/
The short answer is yes, medical and hospital bills can be "discharged" in bankruptcy. We have discharged hundred's of thousand of dollars in medical bills in bankruptcy for our clients!

Legal Desire has an article on "5 Benefits And Drawbacks Of Filing For Chapter 7 Bankruptcy

 Legal Desire has an article on "5 Benefits And Drawbacks Of Filing For Chapter 7 Bankruptcy. The article can be found athttps://legaldesire.com/5-benefits-and-drawbacks-of-filing-for-chapter-7...
Individuals with questions about chapter 7 bankruptcy can contact Jim Shenwick, Esq 212-541- 6224 [email protected]

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