May 2019 TLC medallion sales data and analysis by Jim Shenwick

The May 2019 TLC medallion sales data has posted and there were approximately 37 transfers, 27 transfers were the result of foreclosures. Of the non-foreclosure transfers the prices ranged from a low of $100,00 to a high of $230,000, with an average price of approximately $168,000. A couple of points to consider: 1. 73% of the transfers were a result of foreclosures, which indicate that many medallion owners are abandoning their “under water” medallions to their banks, 2. Sales volume remains low and 3. Medallion prices continue to fall and remain low.

Consumer Bankruptcy in Portland Oregon

Chapter 7 Bankruptcy Means TestThere are several chapters in the bankruptc

Deceptive Marketing – Lexington Law

Deceptive Marketing – Lexington Law, John C. Heath and CreditRepair.com
Lexington Law and CreditRepair.com
5/2/19 – The Consumer Financial Protection Bureau (Bureau) filed a complaint for deceptive and abusive telemarketing acts or practices against PGX Holdings Inc. and subsidiaries Progrexion Marketing Inc., Progrexion Teleservices Inc., eFolks LLC, and CreditRepair.com Inc.; and against John C. Heath, Attorney at Law PLLC, which does business as Lexington Law.

James Shenwick presented a Continuing Legal Education (CLE) class at World Wide Land Transfer on May 7, 2019-his outline for the presentation is below

PERSONAL BANKRUPTCY IN 2019”
 OUTLINE FOR PRESENTATION AT WORLD WIDE LAND TRANSFER
122 EAST 42ND STREET, SUITE 620
NEW YORK, NY 10168
PHONE: (212) 541-6224
FAX: (646) 218-4600
E-MAIL: [email protected]

The goal of this presentation is to discuss issues and the law regarding filing for personal
bankruptcy in NYS in 2019.

Fake Credit Repair Scheme – FTC Cracking Down

Assets of Grand Teton Professionals frozen by federal court for fake credit repair schemeAlleges scammers charged upfront fees and falsely promised to improve credit scores

Student Loans and Bankruptcy Filings

According to a recent Business Insider article many  bankruptcies are being driven by student loan debt.  See the link below. Jim Shenwick

https://www.businessinsider.com/people-filing-for-personal-bankruptcy-carry-student-loan-debt-2019-6

City council proposes overhaul of taxi medallion industry

To view an interesting article about proposed City council actions to overhaul the taxi medallion industry please see NY Post article below. Jim Shenwick

New York Post Article on City Council Proposed Overhaul of Taxi Medallion Industry

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