MISSOURI CONGRESSMAN CLAY INTRODUCES STUDENT LOAN DEBT REFORM PACKAGECongressman Wm. Lacy Clay (D) Missouri has introduced two new bills to tackle America’s student loan debt crisis. From: blackstarnews.comhttp://www.blackstarnews.com/education/education/missouri-congressman-clay-introduces-student-loan-debt-reform 

Many Borrowers are Trapped by Vehicle Loans
Vehicle defaults is the next financial crisis (after the mortgage crisis)

Continuing our blog posts about failed or closed restaurants,
when client’s contact us about a failed or closed restaurant, we
ask them to prepare and bring us an Income Statement and a Balance
Sheet for the restaurant.

The purpose of the Income Statement or Profit and Loss Statement is to
show the revenue and expenses for the restaurant for the current year and
to determine the profitability of the restaurant, if any.

From: ny.curbed.com
By: Valeria Ricciulli
https://ny.curbed.com/2019/11/1/20944015/uber-nyc-taxi-limousine-commission-lawsuit

From: bloomberg.com
By: Henry Goldman
https://www.bloomberg.com/news/articles/2019-10-11/nyc-cabbies-say-no-cost-bailout-would-avoid-financial-ruin

From: nytimes.com
By: Azi Paybarah
https://www.nytimes.com/2019/10/07/nyregion/nyc-taxis.html

From: nytimes.com
By: Brian M. Rosenthal
https://www.nytimes.com/2019/10/04/nyregion/taxi-medallions-chicago.html

HOW BANKRUPTCY HELPS YOUR CREDIT
COLLECTION COMPANIES AND CREDITOR LIE TO BORROWERS ABOUT THE IMPACT OF BANKRUPTCY ON THEIR CREDIT

In our continuing series of posts on failed or closed restaurants, many clients have asked us to review the custom and practice and the law regarding guarantees and  good guy guarantees for restaurant leases.
 Most restaurants in New York are owned by a limited liability company (“LLC”) or a Subchapter S corporation. That entity will set up and run the restaurant and the LLC  or S corporation stock will be owned by an  individual.

By Steven P. Taylor, J.D.
Founder of the Law Offices of Steven P. Taylor P.C.