Collection lawsuit papers are NOT like all the rest of the collection letters that have likely been piling up for months.  There are usually real consequences to a lawsuit. If you get served with a lawsuit, it’s understandable if you believe that there is nothing you can or should do about it.  But doing nothing is almost never a good idea.
Why not?

Here at Shenwick & Associates, many clients, lawyers and accountants have called us regarding the discharge of taxes in bankruptcy filings.  Many kinds of “old” state and federal income taxes are dischargeable in bankruptcy. In the case of income taxes, they are dischargeable in Chapter 7 if all the following criteria are met:

Student Loan Debt Rises to $1.5 TRILLION in May, 2018

Student Loan Debt Rises to $1.5 TRILLION in May, 2018

Could the CFPB’s Complaint Database Go Dark?
Reprint from Findlaw, By Christopher Coble, Esq. on May 15, 2018 12:59 PM

Your bankruptcy case will make much more sense if you know the roles of the people involved, starting with debtor, creditors, and clerk. Understanding the roles in Bankruptcy can be quite confusing, but our attorneys are here to help you through the confusion.
The Debtor

Using the Bankruptcy Laws to Your Advantage

By Dan Rivoli and Erin Durkin

The city has indefinitely pushed off selling more taxi medallions as the market for the once-valuable medallions continues to plunge.
Mayor de Blasio's executive budget assumes no cash will come in from taxi medallion sales for the next five years.

Going through financial hardship is never easy, especially in our present day. For some people, incurring debt is the only way to keep their head above water. In some instances, an unexpected accident or illness can put any person under extreme financial duress. No matter the circumstances surrounding your financial situation, the results can be […]

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