Articles from Shenwick & Associates

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Chapter 13 bankruptcy and taxi medallions

Submitted by Anonymous (not verified) on Thu, 03/15/2018 - 20:48

As many of you know, the representation of taxi medallion owners has become a sizeable portion of our practice.  This month, we’d like to discuss chapter 13 bankruptcy as a potential option for “underwater” taxi medallion owners (where the value of the taxi medallion securing the loan is less than the balance outstanding on the loan).

The Jewish Voice: City Council Proposes Bill Targeting Uber and Other “E-hail” Services

Submitted by Anonymous (not verified) on Mon, 03/05/2018 - 21:55

By Artie Weinberger

The NY City Council has proposed a new bill targeting Uber, Lyft and other app.-based car services, Crain’s reported.

The bill was written by the new “For-Hire Vehicle Committee” of the City Council and will include tighter regulations and higher fees, including a new $2000 yearly fee for each car. App.- based drivers work independently using their own vehicles and obtain passengers via a smart phone app.

RIS Media: Bankruptcy Clarification Could Give Home-Buying Millennials Options

Submitted by Anonymous (not verified) on Mon, 03/05/2018 - 21:42

By Liz Dominguez

Student loan debt is one of the major home-buying challenges for the millennial generation.

According to a survey by the National Association of REALTORS® (NAR), 83 percent of surveyed millennials said they are delaying their home-buying plans by a median of seven years in direct correlation to their student loan debt.

NPR: Uber, Lyft Drivers Earning A Median Profit Of $3.37 Per Hour, Study Says

Submitted by Anonymous (not verified) on Mon, 03/05/2018 - 21:40

By James Doubek

The vast majority of Uber and Lyft drivers are earning less than minimum wage and almost a third of them are actually losing money by driving, according to researchers at the Massachusetts Institute of Technology.

Inside Higher Ed: Bankruptcy Standards Get New Scrutiny

Submitted by Anonymous (not verified) on Wed, 02/21/2018 - 19:12

By Andrew Kreighbaum The Department of Education signaled Monday that it is interested in tweaking the standards used for determining whether student loan debt can be discharged in bankruptcy.

That could point to an opening for potential bipartisan cooperation between the department and Democrats like Senator Elizabeth Warren, who have long sought to loosen bankruptcy law so student borrowers can discharge their debt.

City Hall Taxi Driver Tragedy

Submitted by Anonymous (not verified) on Tue, 02/20/2018 - 19:13

New York Times: When Calling an Uber Can Pay Off for Cities and States

Submitted by Anonymous (not verified) on Mon, 02/19/2018 - 19:11

By WINNIE HU

In Chicago, a 15-cent fee on Uber, Lyft and other ride-hailing services is helping to pay for track, signal and electrical upgrades to make the city’s trains run faster and smoother.

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