Articles from Shenwick & Associates

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City council proposes overhaul of taxi medallion industry

Submitted by Anonymous (not verified) on Thu, 06/20/2019 - 23:33

To view an interesting article about proposed City council actions to overhaul the taxi medallion industry please see NY Post article below. Jim Shenwick

New York Post Article on City Council Proposed Overhaul of Taxi Medallion Industry

Student Loans in Bankruptcy: What’s on the Horizon?

Submitted by Anonymous (not verified) on Thu, 06/20/2019 - 23:27

An excellent article on student loans and bankruptcy. Please review below. Jim Shenwick

Student Loans in Bankruptcy: What’s on the Horizon?

Taxi Drivers to get 10 Million Dollar Break-TOO LITTLE TOO LATE

Submitted by Anonymous (not verified) on Thu, 06/20/2019 - 23:25

Taxi Drivers to get 10 Million Dollar Break and Lone Safeguards, reported by New York Times on June 12, 2019-IS THIS RELIEF TOO LITTLE TOO LATE!
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The New York Times reported on June 12th 2019, that's facing ruin, taxi drivers to get 10 million dollar break and lone safeguards.
While 10 million dollars sounds like a lot of money, in this author's opinion, that 10 million dollar break & loan safeguard will have little impact or benefit to the average Taxi Medallion owner, who owns an “under water” taxi medallion.

Crain's New York Business: The real killers of taxi medallions

Submitted by Anonymous (not verified) on Tue, 06/04/2019 - 20:09

By Sergio Cabrera and Carolyn Protz

ZeroHedge: Debt-Laden Americans Flee Country To Escape Crushing Student Loans

Submitted by Anonymous (not verified) on Tue, 06/04/2019 - 20:06

By Tyler Durden

Faced with crushing student loans and little ability to repay them, some Americans have taken to fleeing the country in order to escape their debt, according to CNBC's Annie Nova.

New York Times: ‘They Were Conned’: How Reckless Loans Devastated a Generation of Taxi Drivers

Submitted by Anonymous (not verified) on Mon, 05/20/2019 - 18:57

Yesterday, the New York Times published the first part of a devastating investigation into taxi medallion loans.  We highly recommend the article and will post further parts as soon as they become available.

The Student Borrower Bankruptcy Relief Act of 2019

Submitted by Anonymous (not verified) on Thu, 05/16/2019 - 19:14

Here at Shenwick & Associates, one of the most difficult issues for our clients (especially younger ones) is student loan debt, which is now over $1.5 trillion (that’s not a typo), far eclipsing other types of consumer debt.  As we’ve discussed many times in our posts, most courts follow the “undue hardship” Brunner tes

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