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Bankruptcy Subchapter V Debt Limits

Submitted by Anonymous (not verified) on Wed, 02/17/2021 - 22:35

 In February 2020, Congress passed a new law establishing a new small business bankruptcy filing subchapter, known as “Subchapter V”.

FICO and Personal Bankruptcy

Submitted by Anonymous (not verified) on Tue, 01/05/2021 - 21:58

 FICO and Personal Bankruptcy

New York State Uniform Voidable Transactions Act

Submitted by Anonymous (not verified) on Thu, 12/03/2020 - 22:51

New York has adopted a new  Uniform Voidable Transactions Act (“NYUVTA”), to replace New York State’s existing fraudulent conveyance law, which was over 100 years old.NYUVTA is effective as of April 4, 2020. Transfers that occurred prior to April 4, 2020 are governed by NYS former fraudulent conveyance law.NYUVTA can be found at N.Y. Debt. & Cred.

Pandemic Pushes N.Y.C. Cabbies to the Brink: ‘I Can’t Hold On’

Submitted by Anonymous (not verified) on Fri, 11/13/2020 - 00:32

https://www.nytimes.com/2020/11/12/nyregion/nyc-taxi-drivers-coronavirus.html Originally appeared on  The New York TimesWhile some businesses have adapted to virus restrictions, the yellow cab industry is especially suffering.In September, an average of 3,257 yellow cabs and 575 green cabs operated each day, according to city data.</body></html>

For Millions Deep in Student Loan Debt, Bankruptcy Is No Easy Fix

Submitted by Anonymous (not verified) on Tue, 11/10/2020 - 15:32

https://www.nytimes.com/2020/11/07/your-money/student-loans-bankruptcy.html Originally appeared on The New York Times
 It’s an extremely difficult debt to discharge, and only a few hundred people a year even try. Here are the stories of some who succeeded —mostly.

Record number of small-business bankruptcy filings signal COVID-19 distress

Submitted by Anonymous (not verified) on Wed, 10/28/2020 - 20:33

 https://www.djournal.com/mbj/record-number-of-small-business-bankruptcy-filings-signal-covid-19-distress/article_5ccdcae6-13ab-11eb-8ccf-d37eb8a883c1.htmlOriginally appeared on Mississippi Business JournalA record number of small businesses based in Mississippi filed for protection under Chapter 11 of the U.S.

City Council set to vote on new office to regulate NYC taxi medallion sales

Submitted by Anonymous (not verified) on Wed, 10/21/2020 - 22:32

 https://www.nydailynews.com/new-york/ny-tlc-taxi-medallion-oversight-20201015-2pyve3pmfreuvfsii6mpjh43ta-story.htmlOriginally appeared on NY Daily NewsNew York City Council members hope a new office within the Taxi and Limousine Commission will keep taxi medallion owners from being taken for a ride.The Council on Thursday will vote on a bill to establish a new “Office of Financial Stability” within the TLC designed to kee

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