PR News Wire has an article titled "3 Steps to Take Before Declaring Bankruptcy" the article can be found at https://www.prnewswire.com/news-releases/3-steps-to-take-before-declaring-bankruptcy-301614057.html
We have helped hundreds of individuals and businesses file for bankruptcy.
Jim Shenwick, Esq. jshenwick@gmail.com 212 541 6224
Mayor Adams, TLC, Marblegate Asset Management, NYTWA Announce Historic Taxi Medallion Debt Relief Program Deal, Providing Hundreds of Millions of Dollars in Relief to NYC Medallion Owners. The article can be found at https://www1.nyc.gov/office-of-the-mayor/news/629-22/mayor-adams-tlc-marblegate-asset-management-nytwa-historic-taxi-medallion-debt-relief
IRS Announcement: Automatic Abatement of Failure to File Penalties for Tax Year 2019 and 2020. See the fully story at https://www.gettrymarcus.com/irs-surprise-announcement-automatic-abatement-of-failure-to-file-penalties-for-tax-year-2019-and-2020/?utm_source=Infusionsoft&utm_medium=Eblast&utm_campaign=Automatic+Abatement+of+Failure+to+File+Penalties+for+Tax+Year+2019+and+2020&inf_contact_key=f3e3c600cd23add66a5a5ee85a9d910a16358d5485884e2f31e6019a0d26c8b0
Jim Shenwick, Esq. jshenwick@gmail.com 212 541 6224
Eisner Amper has posted an article on Asset Protection Planning. The article can be found at https://www.eisneramper.com/seven-ways-protect-assets-from-litigation-creditors-0822/
At Shenwick & Associates, we have helped many clients with these strategies. Jim Shenwick, Esq. jshenwick@gmail.com 212 541 6224
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Business Insider has an article about student loan relief. The article is titled: 7.5 million student-loan borrowers are getting a fresh shot at debt relief. Here's how to know if you qualify.
The article can be found at https://lnkd.in/eEsuDwqv
Based on a story in the Business Insider, referencing a Washington Post article, 7.5 million student-loan borrowers in default will have 1 year after the payment pause expires to enroll in a program that returns them to good standing. The Business Insider story can be found at: https://www.businessinsider.com/student-loan-borrowers-default-fresh-start-payment-pause-biden-education-2022-8
Jim Shenwick, Esq jshenwick@gmail.com 212 541 6224
The Journal of Accountancy has reported that President Biden signed two Bills, extending the statute of limitation for prosecuting PPP & EIDL fraud to 10 years from the date when the offense was committed.
The bills are:
H.R. 7352, the "PPP and Bank Fraud Enforcement Harmonization Act of 2022," and H.R. 7334, the "COVID-19 EIDL Fraud Statute of Limitations Act of 2022"
A detailed article on these bills can be found at https://www.journalofaccountancy.com/news/2022/aug/bills-extend-statute-limitation-prosecuting-ppp-eidl-fraud.html
Jim Shenwick, Esq. jshenwick@gmail.com 212 541 6224
FOR MORE BLOG POSTS ABOUT SBA EIDL LOANS SEE:
EIDL LOAN WORKOUTS AND BANKRUPTCY
https://shenwick.blogspot.com/2022/07/eidl-loan-workouts-and-bankruptcy.html
EIDL Loan Default Questions & Answers https://shenwick.blogspot.com/2022/10/eidl-loan-default-questions-answers.html EIDL LOAN DEFAULT DOCUMENT REVIEW, WORKOUT, BANKRUPTCY FILING & OFFER IN COMPROMISE https://shenwick.blogspot.com/2022/07/eidl-loan-default-document-review.html EIDL Defaulted Loans https://shenwick.blogspot.com/2022/07/eidl-defaulted-loans.html New Relief Program for SBA EIDL Borrowers Who are Having Difficulty Repaying EIDL Loans " Hardship Accommodation Plan" https://shenwick.blogspot.com/2023/05/new-relief-program-for-sba-eidl.html EIDL LOANS and SBA OFFER IN COMPROMISE PROGRAM https://shenwick.blogspot.com/2022/07/eidl-loans-and-sba-offer-in-compromise.html PPP & EIDL Fraud https://shenwick.blogspot.com/2022/08/ppp-eidl-fraud.html Better to connect-What small business owners need to know about repaying loans tied to pandemic relief from the SBA EIDL Loans https://shenwick.blogspot.com/2022/11/better-to-connect-what-small-business.html
The New York Times has an article in today's paper titled "Prosecutors Struggle to Catch Up to a Tidal Wave of Pandemic Fraud" The article can be found at https://www.nytimes.com/2022/08/16/business/economy/covid-pandemic-fraud.html
At Shenwick & Associates we are getting telephone calls and emails from clients who have defaulted on their EIDL loans. Jim Shenwick, Esq. 212 541 6224 jshenwick@gmail.com
CNBC has a very helpful article about personal bankruptcy. The article titled:
"If you’re facing bankruptcy, here’s what experts say to do before, during and after you file" can be found at https://www.cnbc.com/2022/08/14/what-experts-say-to-do-before-during-and-after-filing-for-bankruptcy.html
Jim Shenwick, Esq. 212 541 6224 jshenwick@gmail.com
Forbes' has an article titled Medical Bankruptcies: Can You File For Bankruptcy Over Medical Bills? The article can be found at https://www.forbes.com/advisor/debt-relief/medical-bankruptcies/
The short answer is yes, medical and hospital bills can be "discharged" in bankruptcy. We have discharged hundred's of thousand of dollars in medical bills in bankruptcy for our clients!
Jim Shenwick, Esq. 212-541-664 jshenwick@gmail.com
Legal Desire has an article on "5 Benefits And Drawbacks Of Filing For Chapter 7 Bankruptcy. The article can be found at
https://legaldesire.com/5-benefits-and-drawbacks-of-filing-for-chapter-7-bankruptcy/
Individuals with questions about chapter 7 bankruptcy can contact Jim Shenwick, Esq 212-541- 6224 jshenwick@gmail.com
Forbes.com has a timely article on Student Loan Forgiveness: 5 Major Takeaways From New Plan To Cancel Student Debt.
The United States Attorney's Office District of Colorado, issued a press release about "Florida Woman Sentenced to 19 Months in Prison for Submitting Fraudulent EIDL and PPP Applications in $865K Wire Fraud Scheme" the article can be found at https://lnkd.in/eEhpdz9m
FOR MORE BLOG POSTS ABOUT SBA EIDL LOANS SEE:
EIDL LOAN WORKOUTS AND BANKRUPTCY
https://shenwick.blogspot.com/2022/07/eidl-loan-workouts-and-bankruptcy.html
EIDL Loan Default Questions & Answers https://shenwick.blogspot.com/2022/10/eidl-loan-default-questions-answers.html EIDL LOAN DEFAULT DOCUMENT REVIEW, WORKOUT, BANKRUPTCY FILING & OFFER IN COMPROMISE https://shenwick.blogspot.com/2022/07/eidl-loan-default-document-review.html EIDL Defaulted Loans https://shenwick.blogspot.com/2022/07/eidl-defaulted-loans.html New Relief Program for SBA EIDL Borrowers Who are Having Difficulty Repaying EIDL Loans " Hardship Accommodation Plan" https://shenwick.blogspot.com/2023/05/new-relief-program-for-sba-eidl.html EIDL LOANS and SBA OFFER IN COMPROMISE PROGRAM https://shenwick.blogspot.com/2022/07/eidl-loans-and-sba-offer-in-compromise.html PPP & EIDL Fraud https://shenwick.blogspot.com/2022/08/ppp-eidl-fraud.html Better to connect-What small business owners need to know about repaying loans tied to pandemic relief from the SBA EIDL Loans https://shenwick.blogspot.com/2022/11/better-to-connect-what-small-business.html
Jim Shenwick, Esq jshenwick@gmail.com 212 541 6224