Articles from Shenwick & Associates

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Rent-Stabilized and Rent-Controlled Leases in Chapter 7 bankruptcy

Submitted by Anonymous (not verified) on Thu, 02/28/2013 - 17:19

We received a tremendous response to our Cooler e-mail "Covet Thy Neighbor's Apartment," which discussed the attempts of Chapter 7 Bankruptcy Trustees to assume and assign rent-stabilized and rent-controlled leases for the benefit of creditors.

Relief of indebtedness income in 2013

Submitted by Anonymous (not verified) on Thu, 02/14/2013 - 17:10

Here at Shenwick & Associates, our practice is limited to bankruptcy and real estate. So the intersection of the two, distressed real estate, is our specialty. Many homeowners are suffering from the triple threat of stagnant wages (or unemployment), depreciating home prices and burdensome monthly mortgage payments. Some homeowners have been fortunate enough to have their lenders restructure their mortgages. And others (who are not so fortunate) have had their homes foreclosed on, and have had some or all of their mortgage debt forgiven.

LIFEHACKER: Should I Get a Debt Consolidation Loan to Pay Off My Credit Cards?

Submitted by Anonymous (not verified) on Tue, 01/15/2013 - 22:40

Should I Get a Debt Consolidation Loan to Pay Off My Credit Cards? Alan Henry Dear Lifehacker,

Personal Bankruptcy and Real Estate Issues in 2013: a presentation by James H. Shenwick, Esq. to the Columbian Lawyers Association of the First Judicial Dept. on Jan. 9, 2013

Submitted by Anonymous (not verified) on Tue, 01/15/2013 - 22:15

I.          Introduction
a.         Why do people file for bankruptcy today?
1.      Credit card debt2.      Unemployment3.   Business reversals 4.   Real estate foreclosures5.   High housing costs 6.   Student loans 7.   Divorce 8.   Medical bills and illness
b.         The Bankruptcy Code and New York State Debtor and Creditor Law provide many remedies to real estate issues and other debtor/creditor problems facing individuals in 2013 in New York State. 

Happy holidays!

Submitted by Anonymous (not verified) on Wed, 12/26/2012 - 18:50

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