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Wednesday, August 31, 2022

3 Steps to Take Before Declaring Bankruptcy

 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

Tuesday, August 30, 2022

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

 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

 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

Wednesday, August 24, 2022

Asset Protection Planning

 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

Tuesday, August 23, 2022

James Shenwick is proud to announce that he has been selected as a 2022 AV Preeminent Attorney

 

Congratulations James Shenwick on your 2022 AV Preeminent Attorney

Reminding you that your 2022 AV Preeminent Attorney is quite an accomplishment.

The American Registry has helped individuals and businesses promote their excellence by creating the absolute best displays of your awards.

Your awards set you apart from all the competition. They validate. They build confidence and trust. They grow your business! Put them on display now and show your customers just how good you are.

Monday, August 22, 2022

Student Loan Relief

 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


Jim Shenwick, Esq jshenwick@gmail.com 212 541 6224

Thursday, August 18, 2022

Student Loan Default Update

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

Wednesday, August 17, 2022

PPP & EIDL Fraud

 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



Tuesday, August 16, 2022

Prosecutors Struggle to Catch Up to a Tidal Wave of Pandemic Fraud for PPP and EIDL Loans

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

Monday, August 15, 2022

Personal Bankruptcy article at CNBC

 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


Friday, August 12, 2022

Can You File For Bankruptcy Over Medical Bills?

 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

Thursday, August 11, 2022

Legal Desire has an article on "5 Benefits And Drawbacks Of Filing For Chapter 7 Bankruptcy

 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

Monday, August 08, 2022

Student Loan Forgiveness: 5 Major Takeaways From New Plan To Cancel Student Debt.

 Forbes.com has a timely article on Student Loan Forgiveness: 5 Major Takeaways From New Plan To Cancel Student Debt.

The article can be found at https://lnkd.in/ek5ps_Vq

Jim Shenwick, Esq.

Thursday, August 04, 2022

Uber Embodies the Post-Covid Inflationary Economy Bloomberg.com

 

Uber Embodies the Post-Covid Inflationary Economy 



Jim Shenwick, Esq.  212 541 6224  jshenwick@gmail.com

EIDL and PPP Fraud

 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


Jim Shenwick, Esq 212 541 6224 jshenwick@gmail.com

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