Bankruptcy, a legal process, provides individuals, couples, and businesses with a fresh financial start by temporarily or permanently preventing creditors from collecting on certain types of debts. It helps people who can no longer pay bills. When the legal procedure for bankruptcy is complete, it provides a discharge, a court order, that confirms to creditors that individuals, couples, or businesses, who are granted the discharge, do not have to repay certain types of debts.

Bankruptcy, a legal process, provides individuals, couples, and businesses with a fresh financial start by temporarily or permanently preventing creditors from collecting on certain types of debts. It helps people who can no longer pay bills. When the legal procedure for bankruptcy is complete, it provides a discharge, a court order, that confirms to creditors that individuals, couples, or businesses, who are granted the discharge, do not have to repay certain types of debts.

While bankruptcy often seems to be suggested as a way to stop harassment from collectors, if not totally eradicating one’s debts,  seniors and retirees should carefully consider their options thoroughly.  How much or how little property they have acquired may work against them.

By Kevin Carey

By Brian M. Rosenthal

Yesterday, the New York Times published the first part of a devastating investigation into taxi medallion loans.  We highly recommend the article and will post further parts as soon as they become available.

By Helaine Olen

Here at Shenwick & Associates, one of the most difficult issues for our clients (especially younger ones) is student loan debt, which is now over $1.5 trillion (that’s not a typo), far eclipsing other types of consumer debt.  As we’ve discussed many times in our posts, most courts follow the “undue hardship” Brunner tes

The April 2019 New York City Taxi & Limousine Commission (TLC) sales resultshave been released to the public. And as is our practice, provided below are Jim Shenwick’s comments about those sales results.
1. The volume of transfers rose from March. In April, there were 75 unrestricted taxi medallion sales.

Here at Shenwick & Associates, spring is in the air and the A/C isn’t on yet.  One of things that we love about the law is that it’s always changing, and we do our best to keep up with new developments in bankruptcy law.