Articles from Shenwick & Associates

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New York Times: What Will New York Do About Its Uber Problem?

Submitted by Anonymous (not verified) on Tue, 05/08/2018 - 21:31

New Yorkers who can afford to avoid their dysfunctional subway system are spoiled for choice these days. In addition to long-established taxis, livery cabs, black cars and limousines, they can summon rides through Uber, Lyft, Via, Juno and other app-based ride-hailing and ride-sharing services.

April 2018 Taxi & Limousine Commission sales

Submitted by Anonymous (not verified) on Tue, 05/08/2018 - 18:54

The April 2018 New York City Taxi & Limousine Commission (TLC) sales results have been released to the public. And as is our practice, provided below are James Shenwick’s comments about those sales results.
1. The volume of sales continues to decline. In April, there were only 23 taxi medallion sales (excluding stock transfers).

Bloomberg-Taxi Cab Owners and Regulators Created Uber

Submitted by Anonymous (not verified) on Mon, 05/07/2018 - 19:12

By Barry Ritholtz

On this day May 4, 2011, Uber NYC launched. It filled an enormous, artificial void that was created by the Taxi and Limousine Commission at the behest of the Yellow Cab medallion owners.

A ray of hope for (some) student loan debtors

Submitted by Anonymous (not verified) on Thu, 04/12/2018 - 18:29

Here at Shenwick & Associates, many of the people we work with have student loan debt.  This should come as no surprise, considering that Americans owe more in student loan debt than credit card debt.  We’ve written about student loan debt and how difficult it is to discharge in bankruptcy previously (mostly recently here).  This month, we wanted to tell you about a pending case that may offer hope f

Bloomberg: Trump Lawyer Said to Invest in Once-Valuable NYC Taxi Medallions

Submitted by Anonymous (not verified) on Wed, 04/11/2018 - 21:16

By

(Bloomberg) -- The FBI raid on the offices of President Donald Trump’s lawyer, Michael Cohen, included one surprising aspect: taxi medallions. Agents were seeking documents on Cohen’s ownership of “numerous” New York City taxi medallions, according to CNN.

March 2018 NYC Taxi & Limousine Commission sales

Submitted by Anonymous (not verified) on Wed, 04/11/2018 - 20:34

The March 2018 New York City Taxi & Limousine Commission (TLC) sales results have been released to the public. And as is our practice, provided below are James Shenwick’s comments about those sales results.

SCOTUSblog: Argument preview: Court to decide whether Bankruptcy Code protects dishonest debtors

Submitted by Anonymous (not verified) on Wed, 04/11/2018 - 19:01

By Danielle D'Onfro

Nestled among several potential blockbuster cases in the court’s penultimate week of argument this term, there’s a quiet personal bankruptcy case. The case, Lamar, Archer & Cofrin, LLP v. Appling, ostensibly concerns the breadth of the word “respecting” in the Bankruptcy Code.

MarketWatch: Class-action lawsuit against student loan giant brings hope to borrowers in bankruptcy

Submitted by Anonymous (not verified) on Wed, 04/11/2018 - 18:53

By Jillian Berman

A recent court ruling may offer hope for thousands of struggling borrowers looking to escape education-related debts.

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