From: nytimes.com
By: Azi Paybarah
https://www.nytimes.com/2019/10/07/nyregion/nyc-taxis.html

From: nytimes.com
By: Brian M. Rosenthal
https://www.nytimes.com/2019/10/04/nyregion/taxi-medallions-chicago.html

HOW BANKRUPTCY HELPS YOUR CREDIT
COLLECTION COMPANIES AND CREDITOR LIE TO BORROWERS ABOUT THE IMPACT OF BANKRUPTCY ON THEIR CREDIT

In our continuing series of posts on failed or closed restaurants, many clients have asked us to review the custom and practice and the law regarding guarantees and  good guy guarantees for restaurant leases.
 Most restaurants in New York are owned by a limited liability company (“LLC”) or a Subchapter S corporation. That entity will set up and run the restaurant and the LLC  or S corporation stock will be owned by an  individual.

By Steven P. Taylor, J.D.
Founder of the Law Offices of Steven P. Taylor P.C.

Military Service Members Can Obtain Free Credit Monitoring Starting on October 31, 2019

Student Loan Change from Forbes Magazine

Restaurants and Workouts with Creditors

Many readers of our blog, who read last week's post titled

“Restaurant Closings in New York City and Bankruptcy”
have asked us to do a post regarding workouts with creditors
after the restaurant has closed.

Let's review a typical fact pattern,  that we see regarding failed restaurants.
The restaurant is owned by an LLC or a subchapter S corporation and the member’s
interest in the LLC or the stock in the S corporation are 100% owned by Mr. X.

Worthless Student Loan Debt Relief Scam – Consolidation and Forgiveness

Worthless Student Loan Debt Relief Scam – Consolidation and Forgiveness