New York Times: Taxi and Uber Drivers Are United in Backing a Cap on Ride-Hail Vehicles

By Emma G. Fitzsimmons and Aaron Robertson
As New York City weighs new regulations for Uber and other ride-hail companies, a group that is often overlooked has entered the spotlight: the thousands of drivers who ferry New Yorkers across the city every day.

New York Times: ‘Too Little Too Late’: Bankruptcy Booms Among Older Americans

By Tara Siegel Bernard
For a rapidly growing share of older Americans, traditional ideas about life in retirement are being upended by a dismal reality: bankruptcy.

The Verge: Uber and Lyft offered to bail out struggling taxi drivers, but New York City said no

Facing a new regulatory crackdown that they say will severely impact their business, Uber and Lyft made an unusual proposal to New York City’s government: stand down, and in exchange we’ll bail out struggling yellow taxi drivers. The response was a polite no thanks.

How a cheap car payment can help you on the bankruptcy means test.

How a cheap car payment can help you on the bankruptcy means test. The 2005 Bankruptcy law, known BAPCPA or sometimes BARF, was designed to make bankruptcy much more painful for families making over the average income in each state.  For Virginia, in the summer of 2018, that’s $103,549 for a family of 4. Or […]

Cramming Down Taxi Medallions in Chapter 11 Bankruptcy

One of the most common questions that we’re asked by clients who own “underwater taxi medallions” (where the value of the medallions is less than the amount of the loan secured by the medallions) that are owned by a corporation or a LLC is if we can “cram down” the taxi medallion loan in a chapter 11 bankruptcy filing. “Cram down” means that the bank/secured lender is required to accept less than full repayment of their loan.

Untitled_5

Arizona Supreme Court Decides Statute of Limitation runs from the date of first uncured missed payment

NY Daily News: City Council tries again to cap Uber and other ride-hailing services

By Dan Rivoli and Jillian Jorgensen  The City Council will once again explore capping the number of vehicles driving for Uber and similar app-based taxi services in New York City streets — beginning with a yearlong ban on issuing new licenses for most for-hire cars.

Arizona Supreme Court Gets It Right – Collection on Credit Card Debt

Arizona Supreme Court Decides Statute of Limitation runs from the date of first uncured missed payment

Real Estate Market Starting to Weaken

News outlets are starting to report that real estate values may be beginning to drop.  ” ‘Anything goes’ list-price strategy no longer working,” says a headline in CNBC news.
Sales of all homes — new and existing — fell in June to the lowest level since last year.  Mortgage applications have fallen, and so has construction of single family homes.
Whereas sellers were seeing ten to fifteen offers at the beginning of this year, that number is dropping to about half of that, realtors say.

Pages

Subscribe to Bankruptcy Resources RSS