https://www.insider.com/which-states-have-the-most-and-least-student-debt-loans-2019-7

https://www.amny.com/transit/taxi-medallion-debt-1.33728277

An auction Thursday of 16 medallions at an East Elmhurst, Queens, hotel came to an early end, with just three sales and a top price of $138,000.
https://www.crainsnewyork.com/transportation/taxi-medallion-auction-price-hits-new-low

https://www.nytimes.com/2019/07/11/nyregion/taxi-bribes-arrests-nyc.html

https://www.fastcompany.com/90373231/i-filed-for-bankruptcy-and-it-was-the-best-decision-i-made

“What was that? Law and Order?” Today I was at the bankruptcy court asking the Judge to approve two credit card reaffirmations. One for a little more than $500; one for a little less. Both because my clients had a good relationship going back years with their credit union. So they wanted to keep them.  […]

In bankruptcy, a debtor must relinquish assets to satisfy debts. But there are exceptions to this general rule. Certain assets may be exempted from a debtor’s bankruptcy under federal and state law. Other assets, which are subject to a contractual loan agreement and the security interest of a lender, may be “reaffirmed” by a debtor pursuant to a reaffirmation agreement.

Another Taxi Medallion Workout Success Story
Crains New York reported on July 11, 2019 that an auction of 16 medallions at an East Elmhurst, Queens, hotel came to an early end, with just three sales and a top price of $138,000.
Regrettably, this article demonstrates that taxi medallions continue to drop in price.  
As many readers of this blog know, Jim Shenwick has developed a niche practice representing “underwater’ taxi medallion owners.
The strategies used by Jim Shenwick in taxi medallion workouts are as follows:

I just finished a survey of people who filed bankruptcy with me three years ago. Here’s one big thing I found out: credit scores three years after bankruptcy are almost the national average.   Right about half of the people who filed bankruptcy with me three years ago have a score above 670. A 670 score […]