Effective June 21, 2022 the new total debt limit threshold for Chapter 13 eligibility is $2,750,000.00 in “non-contingent, liquidated owed on the date of the bankruptcy filing. This new threshold limit does not distinguish between secured and unsecured debt, and the same limit applies to both the debt of a single individual filing a Chapter Read More

 What Is Chapter 7 Bankruptcy? See a very helpful article in the South Florida Report, URL below. https://southfloridareporter.com/what-is-chapter-7-bankruptcy/
Jim Shenwick, Esq 212 541 6226 [email protected]

Linda Pays Mariner $6113 through Beyond Finance. Then She Gets Garnished Linda Cash (not her real name) wanted to clear her debts without filing bankruptcy. As an alternative to bankruptcy, she signed up for Beyond Finance. Linda needed Beyond Finance to help her with Mariner. (She originally borrowed $5383, got behind, and now owed Mariner […]

Linda Pays Mariner $6113 through Beyond Finance. Then She Gets Garnished Linda Cash (not her real name) wanted to clear her debts without filing bankruptcy. As an alternative to bankruptcy, she signed up for Beyond Finance. Linda needed Beyond Finance to help her with Mariner. (She originally borrowed $5383, got behind, and now owed Mariner […]

For the first time in over 40 years, New York has amended CPLR § 5004 and lowered its interest rate on money judgments founded upon consumer debt, which is generally defined as debts incurred “primarily for personal, family or household purposes”. Effective April 30, 2022, the Fair Consumer Judgment Interest Act (”FCJIA”) reduces from 9% Read More

 National Law Review is reporting that the Subchapter V Debt Ceiling has been Restored to $7.5 Million.  With the new law, the $7.5 million debt ceiling will remain effective until June 21, 2024.   The article can be found at https://www.natlawreview.com/article/subchapter-v-debt-ceiling-restored-...
Jim Shenwick Esq. 212 431 6224 [email protected]