Articles from Shenwick & Associates

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Associated Press: Study: Bankruptcies soar for senior citizens

Submitted by Anonymous (not verified) on Wed, 05/20/2015 - 21:16

By Associated Press
ST. AUGUSTINE, FLA. — First came the health problems. Then, unable to work, Ada Noda watched the bills pile up. And then, suffocating in debt, the 80-year-old did something she never thought she'd be forced to do.
She declared bankruptcy.

While the bankruptcy filing rate for those under 55 has fallen, it has soared for older Americans, according to a new analysis from the Consumer Bankruptcy Project, which examined a sampling of noncommercial bankruptcies filed between 1991 and 2007.

Reforming how credit reporting agencies do business

Submitted by Anonymous (not verified) on Wed, 04/29/2015 - 22:50

Here at Shenwick & Associates, many clients seeking our help with bankruptcy and debt relief have credit issues.

LLCs and asset protection

Submitted by Anonymous (not verified) on Tue, 03/24/2015 - 16:29

Here at Shenwick & Associates, many of our clients are looking to protect their assets (as we've covered extensively in our recent e-mails). This month, we're going to look at the intersection of business law and debtor and creditor law in discussing the use of limited liability companies (LLCs) as a tool for asset protection.

Spendthrift Trusts

Submitted by Anonymous (not verified) on Tue, 02/24/2015 - 22:56

Here at Shenwick & Associates, as part of our bankruptcy, creditors' rights and asset protection planning practice, we get many questions about spendthrift trusts.

For Whom the Tax Debt Tolls

Submitted by Anonymous (not verified) on Wed, 01/28/2015 - 19:54

Here at Shenwick & Associates, many of our more challenging personal bankruptcy cases involves past due tax debts. We've previously written about the complex rules involving the dischargeability of taxes hereand here.

Happy holidays from Shenwick & Associates!

Submitted by Anonymous (not verified) on Wed, 12/24/2014 - 19:09

As the holiday season gets fully into swing here in midtown Manhattan, 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 2015. We also wanted to thank you for your friendship, your business, your referrals and your trust in us. Personal and business bankruptcies and workouts are keeping us busy as 2014 draws to a close. We're here for you now and in the upcoming year, and we look forward to working with you.

Offers in compromise

Submitted by Anonymous (not verified) on Tue, 11/25/2014 - 19:02

Here at Shenwick & Associates, many of our personal bankruptcy clients have issues with tax debts that they're looking for our guidance on. The issue of taxes in bankruptcy is a complex one that we've covered in a prior post.

Daily News: State court sides with tenants, says rent stabilized leases can’t be seized in bankruptcy

Submitted by Anonymous (not verified) on Mon, 11/24/2014 - 22:57

By Glenn Blain

ALBANY - New York's highest court handed a victory to tenants in rent stabilized apartments Thursday when it ruled their leases could not be seized as assets in bankruptcy proceedings.

The Court of Appeals, in a 5-2, decision sided with a 79-year-old Manhattan widow's argument that her rent-stabilized lease was a public assistance benefit and not an asset that could be liquidated as part of her bankruptcy case.

NY Times: Debts Canceled by Bankruptcy Still Mar Consumer Credit Scores

Submitted by Anonymous (not verified) on Thu, 11/13/2014 - 19:46

By Jessica Silver-Greenberg

In the netherworld of consumer debt, there are zombies: bills that cannot be
killed even by declaring personal bankruptcy.

Tens of thousands of Americans who went through bankruptcy are still
haunted by debts long after — sometimes as long as a decade after — federal
judges have extinguished the bills in court.

Full stop at the intersection of marijuana and bankruptcy law

Submitted by Anonymous (not verified) on Tue, 10/28/2014 - 17:56

Here at Shenwick & Associates, we counsel our clients to avoid violating any laws and regulations. While our colleagues of the criminal defense bar may lose work from such advice, it keeps our disciplinary record clean, our malpractice insurance premiums low and our clients out of trouble.

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