Articles from Shenwick & Associates

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Happy holidays from Shenwick & Associates!

Submitted by Anonymous (not verified) on Wed, 12/28/2016 - 19:46

As the holiday season gets fully into swing here in midtown Manhattan, with tourists thronging around the store displays, we at Shenwick & Associates wanted to take this time to wish you a happy, safe and warm holiday season and a very happy and healthy 2017. We also wanted to thank you for your friendship, your business, your referrals and your trust in us. Complex cases that involve a mix of personal, business and tax debts are keeping us busy as 2016 draws to a close.  We’re here for you now and in the upcoming year, and we look forward to working with you.

Resolving tax debts outside of bankruptcy

Submitted by Anonymous (not verified) on Tue, 11/22/2016 - 19:46

Here at Shenwick & Associates, many of our clients have concerns about tax debts. However, our bankruptcy practice is over 20 years old, and in our experience, tax debts are more easily resolved than student loan debts.

In order to discharge taxes in bankruptcy, the taxpayer must show that:

Avoiding liens in bankruptcy

Submitted by Anonymous (not verified) on Thu, 10/27/2016 - 18:14

How to pass the "means test"

Submitted by Anonymous (not verified) on Thu, 09/29/2016 - 22:47

Here at Shenwick & Associates, we've written extensively about the "means test," which is a complex calculation that debtors must pass to qualify for relief under chapter 7 of the Bankruptcy Code if they're over the median income for their state and household size.

New York Times: The Big Pause You Should Take Before Co-Signing a Student Loan

Submitted by Anonymous (not verified) on Thu, 08/18/2016 - 19:25

By Ron Lieber
So someone has asked you to co-sign for a student loan.
Chances are, it’s your child or grandchild, or perhaps a niece or nephew. You have unrelenting faith in this teenage freshman, or near certainty that graduate school will lead to a lifetime of gainful employment. And maybe you feel badly that the family has not been able to save enough to pay the bills outright.

Statute of limitations for and credit reporting of debts

Submitted by Anonymous (not verified) on Mon, 08/01/2016 - 19:15

Here at Shenwick & Associates, most clients come to us with concerns about debt, from either the perspective of a debtor or a creditor. This month, we’re going to take a look at the difference between how debts are treated by law and how debts are listed on a credit report. As with all actions (lawsuits), there is a statute of limitations on how long creditors can sue you to collect on a debt, get a judgment against you, and garnish your wages or levy against your financial accounts.

Creditcards.com: 9 debt myths debunked

Submitted by Anonymous (not verified) on Mon, 06/20/2016 - 20:09

By Dana Dratch

That free advice you get from friends, co-workers or the "charming" bill collector on the phone could be worth even less that what you paid for it.

Lifehacker: Ask an Expert: All About Dealing With Debt

Submitted by Anonymous (not verified) on Mon, 06/20/2016 - 20:04

Check out the questions and answers here.

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