Articles from Shenwick & Associates

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James Shenwick, Esq. is proud to announce that he has been selected as a 2021 Top Rated Lawyer by Martindale Hubbell

Submitted by Anonymous (not verified) on Thu, 12/02/2021 - 19:40

                   2021 Top Rated Lawyer by Martindale Hubbell.
James Shenwick, Esq. is proud to announce that he has been selected as a 2021 Top Rated Lawyer by Martindale Hubbell

IRS Announces Major Change to Offer in Compromise Policy for Taxpayers Owe Federal Taxes

Submitted by Anonymous (not verified) on Wed, 11/17/2021 - 21:48

 The IRS announced a policy change in their Offer in Compromise ("OIC")program (for people who owe federal taxes) where for OICs accepted after November 1, 2021, the IRS will forego taking the post-OIC acceptance  tax refund for the year of acceptance. An excellent article on this topic can be found at https://procedurallytaxing.com/major-change-to-offer-in-compromise-policy/ 

A New Bankruptcy Bill Would End the ‘Texas Two-Step’ and Eliminate Non-Debtor Releases in Chapter 11

Submitted by Anonymous (not verified) on Sun, 11/14/2021 - 14:44

The proposed law would prohibit “divisive mergers” in Chapter 11, a corporate reorganization tool made available by Texas and Delaware that allows companies to assign liabilities to a subsidiary that can then seek the protective auspices of bankruptcy.

Evictions are Rising Nationwide

Submitted by Anonymous (not verified) on Wed, 11/10/2021 - 21:03

 Evictions and BankruptcyOn November 7, 2021, the New York Times published an article titled "With Cases Piling Up, an Eviction Crisis Unfolds Step by Step". The article can be found at https://nyti.ms/3mPXsGf The article stated that evictions are on the rise nationwide.

She's a 64-Year-Old Taxi Driver Drowning in Medallion Debt—And She's Fighting Back-see post below

Submitted by Anonymous (not verified) on Wed, 10/20/2021 - 21:54

In These Times has an article about a 64 year old taxi medallion owner/driver who is fighting back against NYC. See the post at  https://inthesetimes.com/article/new-york-taxi-workers-alliance-medallio...

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