By GINIA BELLAFANTE 

Provided below is sales data from the sale of 46 unrestricted taxi medallions as reported by the TLC for January 2018, which includes 34 medallions sold in a bankruptcy auction.

Every chapter 13 case has creditors – perhaps secured against a car or unsecured, such as a credit card or medical bill.  Assuming creditors want to receive payment in your chapter 13 case they are normally required to file a Proof of Claim that details the debt and attaches proof of the debt.

Every bankruptcy case has creditors.
Some creditors may be paid through the bankruptcy, others are not so lucky.
Some creditors are secured against collateral, such as a car or house; while others are unsecured, such as a credit card or medical bill; others are priority claims such as taxes, child support or alimony.

By Tina Moore and Stephanie Pagone
A 61-year-old livery driver posted on Facebook early Monday that city and state politicians were to blame for his financial ruin — then pulled up to the gates of City Hall and shot himself dead with a shotgun, authorities said.

On the Verge of Bankruptcy?  Here Are Your Options

By Bridget Hillyer

As many of the readers of our blog are aware, we’ve developed a practice representing taxi medallion owners who own “underwater” taxi medallions. An underwater taxi medallion is a medallion valued at less than the bank loan for the medallion.  This blog post is about a successful workout which we negotiated for the owner of an underwater taxi medallion.