IRS waiving $1B in penalties for people, firms owing back taxes — here’s who qualifiesNY Post has article discussing the IRS waiving $1 billion in penalties for certain tax years. The article can be found at https://nypost.com/2023/12/19/business/irs-waiving-1b-in-penalties-for-people-firms-owing-back-taxes-for-2020-or-2021/?utm_source=gmail&utm_campaign=android_nyp

The New York Post published an article stating that consumer spending through "buy now, pay later" services has increased as consumers struggle with growing debt obligations. This trend could lead to a rise in bankruptcy filings after the holidays.

Many readers of our blog posts and emails are aware that at Shenwick & Associates, we represent numerous borrowers who have defaulted on or not repaid their SBA EIDL loans. Many borrowers had hoped or prayed that SBA EIDL loans would be forgiven, similar to PPP grants. However, as one Boston lawyer stated, "Hope is not a legal strategy." Borrowers frequently inquire about the actions the government may take if they fail to repay their SBA EIDL loans. If payments are not received by the SBA, the agency will issue a Final Notice of Delinquency and Collection Actions.

 Be careful when write checks to pay bills due to fraud!

What is the means test in bankruptcy? Business Insider (see link below) has a very helpful article on the Means Test in personal Bankruptcy filings. https://www.businessinsider.com/personal-finance/what-is-bankruptcy-means-test

 Fraud Investigations into COVID-Era PPP and EIDL Loans Increasing. JD Supra (link below) has an article stating that fraud investigations into PPP and EIDL loans from the SBA are increasing.

Some who took out parent PLUS loans to send their kids to college expect to die with debt.USA Today has an article about Parent Plus Loans and parents who took them out.The article can be found at https://www.usatoday.com/story/news/education/2023/12/03/parents-struggl...

Understand Bankruptcy Exemptions in Portland, Oregon
Exploring Oregon bankruptcy exemptions is crucial for those seeking a fresh start in Portland, OR. At Northwest Debt Relief Law Firm, we understand that the mere mention of bankruptcy can be daunting, but being well-informed is the first step toward financial recovery.
Short Summary:

Understand Bankruptcy Exemptions in Portland, Oregon
Exploring Oregon bankruptcy exemptions is crucial for those seeking a fresh start in Portland, OR. At Northwest Debt Relief Law Firm, we understand that the mere mention of bankruptcy can be daunting, but being well-informed is the first step toward financial recovery.
Short Summary: