Brian PascusUber plans to use creative measures to remain competitive in New York City following the passage of bills that put a cap on and freeze the number of vehicles that may operate within the city for the next year.

The New York Times reported that on August 8th, the New York City Council voted to issue a cap on licenses available for for–hire vehicles for one year, which went into effect on August 14th.  The City Council vote was 39 to 6 in favor of the cap.

By Mariana Alfaro
 In the pouring rain, hundreds of people lined up outside a building in Queens on Monday, clutching umbrellas and paperwork. The frenzy was not driven by a buzzy new restaurant or a new Apple store. Instead the line led to an Uber office and was prompted by the City Council’s recent decision to limit ride-hail apps by imposing a cap on new vehicle licenses.

By Gregory Bresiger
Despite a booming economy, many Americans are having trouble paying credit card bills, industry observers warn.

An increasing number of auto borrowers are also asking for more time to pay.

These trends disturb card industry experts.

“It is a problem we should watch,” says Bill Hardekopf, founder of LowCards.com.

By Winnie Hu and Mariana Alfaro
Jenine James no longer worries about getting stranded when the subways and buses are unreliable — a constant frustration these days — or cannot take her to where she needs to go. Her Plan B: Uber.

DRAMATIC INCREASE IN THE ELDERLY FILING FOR BANKRUPTCY PROTECTION

Below is the final set of Tacoma bankruptcy traps for the unwary. Please let me know if you have any questions at all about any of the issues raised in these posts, we are happy to help:
10. Not Paying Your Employee Withholding Taxes
If you are a Tacoma business owner, please do not make the mistake of failing to pay your employee withholding taxes to the IRS. The IRS has the power to assess certain individuals responsible for managing a company for any employee withholding taxes that are not paid by the company.

 By Emma G. Fitzsimmons
New York became the first major American city on Wednesday to halt new vehicle licenses for ride-hail services, dealing a significant setback to Uber in its largest market in the United States.

This item is part of a series of blog posts about bankruptcy traps that can turn a Tacoma bankruptcy filing into an expensive or less than smooth process. If you can read Part 1 and Part 2 here.
7. Leaving Money in Account Where You also Have a Credit Account