Taxi Medallions, Trusts and Workouts

How the Georgia “Wildcard” Exemption Can Save You Thousands When You File Bankruptcy

When you file either a Chapter 7 or a Chapter 13 bankruptcy, you are allowed to declare certa

How the Georgia “Wildcard” Exemption Can Save You Thousands When You File Bankruptcy

When you file either a Chapter 7 or a Chapter 13 bankruptcy, you are allowed to declare certa

How the Georgia “Wildcard” Exemption Can Save You Thousands When You File Bankruptcy

When you file either a Chapter 7 or a Chapter 13 bankruptcy, you are allowed to declare certain

Taxi Limousine Commission (TLC) Medallion Sales Data from December 2017

Provided below is sales data from the sale of 19 taxi medallions as reported by the TLC for December 2017. The foreclosure sales prices for the four medallion sales (two at $750,000, one at $400,000 and one at $210,000) may be inflated because banks “credit bid” at those foreclosure sales (they bid up to the amount of their loan balances); therefore, they may not accurately reflect the fair market value of a taxi medallion.

New York Times: Your Uber Car Creates Congestion. Should You Pay a Fee to Ride?

By Winnie Hu

The sputtering traffic in Manhattan has long been blamed on cars and delivery
trucks pouring onto the streets from the rest of the city and beyond.

Since at least the 1970s, New York City officials have proposed various toll
systems to deter drivers from coming over bridges or piling into the busiest
neighborhoods.

IRS Assigns Collection of Back Taxes to Outside Companies

Four Collection Companies Hired to Collect Old IRS Tax Debts

The IRS indicates it will give taxpayers and their representative written notice that the accounts are being transferred to the private collection agencies. The agencies are to send a second, separate letter to the taxpayer and their representative confirming this transfer.

ProPublica reports on bankruptcy fraud in LA

ProPublica just posted a fascinating piece on bankruptcy fraud in the Central District of California (which includes Los Angeles).  It's the latest article in their important series "Too Broke for Bankruptcy: How Bankruptcy Fails Those Who Need It Most."

Tax Refund Time is Coming Up! It May Be Time to Fix That Pesky Legal Problem, Too.

It happens often:  Somebody has a debt and/or tax problem that’s been bothering them for  a while.  They know they should do something about it, but they find excuses.  The most typical excuse:  I can’t afford to pay for legal services.
Right now may be the time to get the situation fixed.  Many of our clients finance legal services from the tax refund they get this time of year.

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