Articles from Shenwick & Associates

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SubChapter V Bankruptcy for Small Business an Update

Submitted by Anonymous (not verified) on Wed, 05/11/2022 - 21:01

 SubChapter V, the new small business chapter 11 bankruptcy is approximately 2 years old. Congress’s goal was to create a less costly form of  reorganization for small businesses.  For many small businesses, Chapter 11 filings were too expensive.

Why there’s a unified movement to cancel student loans but not credit card debt or mortgages?

Submitted by Anonymous (not verified) on Wed, 05/11/2022 - 19:17

 Why there’s a unified movement to cancel student loans but not credit card debt or mortgages? Very interesting article discussing this topic at CNBC at https://www.cnbc.com/2022/05/10/why-theres-a-push-to-forgive-student-loa...Jim Shenwick, Esq. 212-541-6224 [email protected]

Pot and Bankruptcy Law, Not a Great Mix

Submitted by Anonymous (not verified) on Tue, 05/10/2022 - 15:57

 Pot and Bankruptcy Law, Not a Great Mix

Future of NYC’s iconic yellow cabs looks like another ride-hailing app see article at Gothamist below

Submitted by Anonymous (not verified) on Mon, 04/11/2022 - 18:20

 https://gothamist.com/news/future-of-nycs-iconic-yellow-cabs-looks-like-another-ride-hailing-appNew York City’s yellow cabs may operate and function more like their ride-hailing app competitors in the future, according to the Taxi and Limousine Commission’s strategic plan released late Friday.The agency said it wants to roll out shared ri

Bankruptcy filings are creeping back up in early 2022 see article in Reuters below

Submitted by Anonymous (not verified) on Wed, 04/06/2022 - 17:30

 https://www.reuters.com/legal/transactional/bankruptcy-filings-are-creeping-back-up-early-2022-2022-04-05/(Reuters) - Bankruptcy filings have started to increase this year and the number of new cases filed in March jumped significantly from February, but remain below last year's numbers, according to data released on Tuesday by legal research firm Epiq.The total number of new commercial and consumer bankruptcies filed in March grew 33.5% over the

Preoccupied Congress Fails to Act, Sending Debt Limit Back Down to $2.7 Million and Reducing Availability of Subchapter V Protection for Small Businesses

Submitted by Anonymous (not verified) on Fri, 04/01/2022 - 18:16

 Preoccupied Congress Fails to Act, Sending Debt Limit Back Down to $2.7 Million and Reducing Availability of Subchapter V Protection for Small Businesses See article at https://lnkd.in/dMyGQWq6

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