CBS News (link below) has an article about impact of Omicron virus on restaurants. https://www.cbsnews.com/amp/news/restaurants-closing-2022-without-aid-re...At Shenwick & Associates we have been working with many restaurants whose business has been impacted by Omicron and the guarantors of those leases. Jim Shenwick 212 541 6224 [email protected]

 Harold Israel, Esq.  at Levenfeld Pearlstein, LLC is reporting that the Sub V Bankruptcy Debt limits, which had been temporarily increased to $7,500,000.00, are posed to be made permanent.
The article can be found at https://lnkd.in/dYQBsFEy

A detailed article about Subchapter V bankruptcy can be found at our blog at:

 https://patch.com/new-york/new-york-city/hundreds-taxi-medallions-repossessed-despite-rescue-deal-ended-hunger-0

 https://www.forbes.com/advisor/debt-relief/types-of-bankruptcies/

WHAT HAPPENS AT THE END OF A COVID-19 FORECLOSURE FORBEARANCE?Can servicers demand a large balance?
Generally, the servicers should not be demanding full payment following a COVID forbearance. There are a number of loss mitigation options for people coming out of a COVID forbearance. In order to know which may apply one needs to know who owns the loan (who is the investor). Is it a GSE, FHA or private label loan?

 Interesting article in newsy.com (URL below) about how the Biden Administration is addressing student loan debt. https://www.newsy.com/stories/president-biden-s-policy-on-student-loan-d...

“Diane was patient, thorough, sympathetic, quick with responses and obviously knew what she was doing. ” D.S.

“Diane was patient, thorough, sympathetic, quick with responses and obviously knew what she was doing. ” D.S.

 Hundreds of Taxi Medallions Repossessed Despite Rescue Deal That Ended Hunger Strike
https://www.thecity.nyc/economy/2022/2/20/22941508/hundreds-of-taxi-meda...