Articles from Shenwick & Associates

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Bloomberg: Student Loan Debt is Now as Big as the U.S. Junk Market

Submitted by Anonymous (not verified) on Wed, 12/06/2017 - 22:55

By Liz McCormick

U.S. student loan debt now equals the size of the $1.3 trillion U.S. high-yield corporate bond market, presenting investors with a whole different range of risks.

New York Times: When Unpaid Student Loan Bills Mean You Can No Longer Work

Submitted by Anonymous (not verified) on Tue, 11/21/2017 - 19:54

By JESSICA SILVER-GREENBERG, STACY COWLEY and NATALIE KITROEFF

Fall behind on your student loan payments, lose your job.

Few people realize that the loans they take out to pay for their education could
eventually derail their careers. But in 19 states, government agencies can seize stateissued
professional licenses from residents who default on their educational debts.

Another state, South Dakota, suspends driver’s licenses, making it nearly impossible
for people to get to work.

New York Times: Why Companies Like Toys ‘R’ Us Love to Go Bust in Richmond, Va.

Submitted by Anonymous (not verified) on Wed, 11/15/2017 - 20:34

By Michael Corkery and Jessica Silver Greenberg

The Toys “R” Us world headquarters are on a sprawling wooded campus next to a
reservoir in Wayne, N.J., on a street that bears the name of the company’s iconic
mascot, Geoffrey the giraffe.

But in September, when Toys “R” Us filed for one of the largest bankruptcies of
the year, it did not go to nearby Newark.

When is a tax return not a tax return?

Submitted by Anonymous (not verified) on Tue, 11/14/2017 - 18:40

New York Times: Behind the Lucrative Assembly Line of Student Debt Lawsuits

Submitted by Anonymous (not verified) on Mon, 11/13/2017 - 21:14

By STACY COWLEY and JESSICA SILVER-GREENBERG

A woman in a suburb of Columbus, Ohio, was sued twice, by two different creditors,
over the same overdue student loan. Another person, in Illinois, was taken to court
over a loan that had already been paid off. And hundreds of borrowers faced lawsuits
over debts so old that they were no longer legally collectible.

Installment agreements and dischargeability of taxes

Submitted by Anonymous (not verified) on Mon, 11/06/2017 - 21:34

Here at Shenwick & Associates, many clients, lawyers and accountants have contacted us regarding the discharge of taxes in bankruptcy filings. Many kinds of “old” state and federal income taxes are dischargeable in bankruptcy. In the case of income taxes, they are dischargeable in Chapter 7 if all the following criteria are met:

What's a taxi medallion worth these days?

Submitted by Anonymous (not verified) on Wed, 09/20/2017 - 19:46

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