Articles from Shenwick & Associates

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STUDENT LOAN DISCHARGE: NAVY VETERAN’S STUDENT LOANS RULED NONDISCHARGEABLE BY A FEDERAL DISTRICT COURT JUDGE

Submitted by Anonymous (not verified) on Fri, 10/15/2021 - 01:19

 NAVY VETERAN’S STUDENT LOANS RULED NONDISCHARGEABLE BY A FEDERAL DISTRICT COURT JUDGELast year, a Navy veteran’s student loans, totaling $221,000 were discharged in bankruptcy by Southern District of New York Chief Bankruptcy Judge Cecilia Morris. The citation to the case is In re Rosenberg, 610 BR 454 - Bankr. Court, SD New York 2020. The student loans resulted from the veteran attending college and law school.

Why does New York state sue its college students? Thousands have been taken to court, and can defend themselves only in Albany — even if they live hundreds of miles away

Submitted by Anonymous (not verified) on Mon, 09/13/2021 - 20:30

Why does New York state sue its college students? Thousands have been taken to court, and can defend themselves only in Albany — even if they live hundreds of miles away? 
This article can be found at Hechinger Report at  https://hechingerreport.org/new-york-states-attorney-general-sues-suny-s...

Lack of Drivers, NYC Workers Leads to Yellow Cab Shortage during COVID Pandemic

Submitted by Anonymous (not verified) on Wed, 08/11/2021 - 23:15

Provided below is a link to an article at ABC discussing the shortage of Yellow Cabs in Manhattan. https://abc7ny.com/taxi-shortage-cab-delta-variant-covid/10930021/

A New Bipartisian Bill is Introduced in Congress to Allow the Discharge of Student Loans in Bankruptcy After 10 Years

Submitted by Anonymous (not verified) on Wed, 08/04/2021 - 16:52

The FRESH START Through Bankruptcy Act of 2021Durbin/Cornyn FRESH START would:-Make Federal Student Loans Eligible for Discharge in a Bankruptcy Proceeding ten years after thefirst loan payment is due.- As part of the bankruptcy proceedings, certain colleges and universities  who receive a certain amount of federally backed student loans, would be required to repay a portion of discharged federal student loans to the taxpayer, in a new cost-sharing structure.- Retain the Existing Undue Hardship Option for private student loans and for federal student loans thathave been due fo

A Mortgage on a House and a Subsequently Filed Tax Lien-which lien has priority the bank or the IRS?

Submitted by Anonymous (not verified) on Thu, 07/29/2021 - 16:29

 A Mortgage on a House and a Subsequently Filed Tax Lien-which lien has priority the bank or the IRS?   This is a question that clients often ask us.  
The typical scenario is that a couple buys a house, and then due to financial difficulties, they are unable to pay their taxes, and the IRS files a lien against the house.
There is concern from the clients and they ask what takes priority, the tax lien or the mortgage?

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