Articles from Shenwick & Associates

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Coronavirus Decimates N.Y.C. Taxi Industry: ‘The Worst It’s Ever Been’ from New York Times March 25, 2020

Submitted by Anonymous (not verified) on Wed, 03/25/2020 - 16:50

Coronavirus Decimates N.Y.C. Taxi Industry: ‘The Worst It’s Ever Been’
There are so few travelers left at Kennedy International Airport, one of the world’s busiest airfields, that taxis wait six hours or more for a single passenger.

Taxi companies can no longer find enough drivers for their fleets because there is so little business.

And some cabdrivers are so fearful of being exposed to the coronavirus they are staying home with no way to pay mounting bills.

Bankruptcy Filings and the Discharge of Taxes

Submitted by Anonymous (not verified) on Thu, 03/19/2020 - 22:28

Affluent Taxpayers and the Discharge of Taxes in Bankruptcy 

In these difficult times, many clients have contacted Shenwick
& amp; Associates asking  whether they should file for
bankruptcy and whether the taxes they owe are dischargeable
in bankruptcy. Both bankruptcy law and tax law are code
oriented and the intersection of those two areas of the law
can create complexity and confusion.  

NYC taxis struggle to make ends meet amid coronavirus scare

Submitted by Anonymous (not verified) on Mon, 03/16/2020 - 22:16

From: NY Post
By: Rosemary Misdary, David Meyer and Jorge Fitz-Gibbon
Coronavirus has slammed the brakes on the Big Apple taxi industry.

New York City cabbies are suffering a radical drop in ridership amid concerns over the potentially deadly bug, with some only scraping together a few bucks after long shifts behind the wheel.

What Trump’s Student Loan Interest Freeze Does - And Does Not - Do

Submitted by Anonymous (not verified) on Mon, 03/16/2020 - 22:08

From: forbes.com
By: Adam S. Minsky

NYC Cap on Ride-Hail Vehicles Made Permanent from Courthouse Web Services

Submitted by Anonymous (not verified) on Sun, 03/15/2020 - 04:19

NYC Cap on Ride-Hail Vehicles Made Permanent from Courthouse News Service

MANHATTAN (CN) – The New York City Taxi and Limousine Commission voted Tuesday to permanently freeze the number of Ubers, Lyfts and other ride-hailing vehicles that drive here.

A one-year cap on such vehicles was set to expire next week. It was first instituted last August after a 39-6 City Council vote.

How to get rid of debt without paying from Bankrate

Submitted by Anonymous (not verified) on Wed, 03/04/2020 - 17:16

Outstanding debt is higher than ever. The Federal Reserve Bank of New York reports that household debt in the United States has now reached its highest-ever total: more than $14 trillion.

Regardless of the debt you’re suffering from, you might not see an end in sight. Is there a chance you can get out of debt without paying?

The answer is maybe, depending on a number of factors. Here are some ways you can explore getting out of debt that don’t include paying it.

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