Articles from Shenwick & Associates

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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

Preference Proofing a Settlement Agreement

Submitted by Anonymous (not verified) on Mon, 03/14/2022 - 22:50

Readers of our posts are aware that at Shenwick & Associates we do personal and business bankruptcy filings and workouts for many clients. In addition, we review settlement agreements for clients so that the settlement payments are not captured by section 547 of the Bankruptcy Code as a preference (also known as "preference proofing a settlement agreement").

Omicron virus impact on restaurants. See CBS News link below. Jim Shenwick

Submitted by Anonymous (not verified) on Thu, 03/03/2022 - 18:33

 CBS News (link below) has an article about impact of Omicron virus on restaurants. https://www.cbsnews.com/amp/news/restaurants-closing-2022-without-aid-re...At Shenwick & Associates we have been working with many restaurants whose business has been impacted by Omicron and the guarantors of those leases. Jim Shenwick 212 541 6224 [email protected]

Sub V Bankruptcy Debt limits, which had been temporarily increased to $7,500,000.00, are posed to be made permanent

Submitted by Anonymous (not verified) on Wed, 03/02/2022 - 17:26

 Harold Israel, Esq.  at Levenfeld Pearlstein, LLC is reporting that the Sub V Bankruptcy Debt limits, which had been temporarily increased to $7,500,000.00, are posed to be made permanent.
The article can be found at https://lnkd.in/dYQBsFEy

A detailed article about Subchapter V bankruptcy can be found at our blog at:

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