Bankruptcy Fraud is a Crime and People Who Commit Bankruptcy Fraud can be Arrested and Serve Time in Jail if Convicted

 

Bankruptcy Fraud: Former Attorney From Westchester Lied To Keep Home, Sports Car, Officials Say and was Arrested

https://dailyvoice.com/new-york/scarsdale/news/bankruptcy-fraud-former-attorney-from-westchester-lied-to-keep-home-sports-car-officials-say/860005/?emh5=07d29e82d0d168c807e94007ee2a9bb2&emh256=455e752c66fb0d80f8fdcfa65fb0e36b493bf4cfb8a38c283b91f42bb186af86&emsid=22110&lctg=eOjmpoXsZr8tCTDKSplgXx2UI88UKyCe&utm_source=daily-email&utm_medium=email&utm_campaign=daily-scarsdale-260059&group=0&test_id=None

Lying in Bankruptcy Court is a crime and people who commit that crime can be arrested and imprisoned. Jim Shenwick, Esq  917 363 3391  jshenwick@gmail.com

We help people & companies who have too much debt!

Please click the link to schedule a telephone call with me.

https://calendly.com/james-shenwick/15min

Federal Government Bailout Packages for Small Businesses: What You Need to Know - TDPel Media

 TDPelmedia has an article about bailout packages for small business. The article can be found at

https://tdpelmedia.com/federal-government-bailout-packages-for-small-businesses-what-you-need-to-know/

At Shenwick & Associates we help many clients with too much debt or not enough capital.

Jim Shenwick, Esq.   917 363 3391  jshenwick@gmail.com

Please click the link to schedule a telephone call with Jim Shenwick

https://calendly.com/james-shenwick/15min

Jim Shenwick, Esq Commercial Leasing Biography in Manhattan New York City

 ● Jim Shenwick, Esq has  a specialty in commercial leasing (he has represented over 300 tenants and landlords in commercial lease negotiations).   

●Representative Manhattan transactions include the following: (a) represented over 250 commercial tenants representing office space in Manhattan, New York City.

●Represented a Landlord who leased retail space to a Gap store in Midtown East, (b) Represented a Landlord who leased space to a coffee chain in the East 20’s, (c) Represented a private equity fund that leased office space in 7 Time Square Tower, (d) Represented a hedge fund that leased office space at 590 Madison Avenue, (e) Represented an Internet social marketing company that leased space on 23^rd Street, (f) Represented a Landlord in Soho who leased space to a restaurant and food store, (g) Represented  an art gallery that moved to the West 26^th Street art district (h) Represented a hair transplant doctor who leased space for an upscale hair transplant facility on Madison Avenue and (i) Represented a chain of pizza stores who leased space throughout NYC and Long Island,

● Jim Shenwick, Esq. has written on the assignment/subletting of commercial leases, questions tenants need to ask Landlords before signing a commercial lease, “silent” commercial lease issues not dealt with in standard lease forms and hidden costs in commercial leases.  

● Jim Shenwick, Esq. also spoke at the Association of the Bar of the City of New York on commercial leasing issues for tenants.

 At Shenwick & Associates, we have represented more than 300 tenants in commercial leasing transactions, including office tenants, restaurants & retain stores.  Any clients having questions about commercial leases should contact Jim Shenwick, Esq.   jshenwick@gmail.com  917 363 3391  

Please click the link to schedule a telephone call with Jim Shenwick

https://calendly.com/james-shenwick/15min

 

                                                            

Commercial Leasing Checklist in New York City Manhattan Part II

 

1.                  Tenant should be permitted signage (at no cost)  in building lobby directory, elevator, floor and door (window signage flag should be permitted for retail)

 2.                  Tenant should have the right to make deliveries to the premises at any time of the day for retail use

3.                  Sidewalk maintenance & repair should not the responsibility of the retail tenant, other than snow removal

 4.                  Prior approval of private carter for retail Tenant.

 5.                  Tenant not have to pay Landlord’s  expenses for initial renovation plan review

 6.                  Tenant's renovation plans should be approved by Landlord prior to Tenant signing the Lease                     and the standard of review by Landlord should be "NUW"-not unreasonably withheld.

 7.                  Water for sink and toilet should be provided at no cost to Tenant and bills for other water uses                    should be by direct meter.

 8.                  Heating should be provided to Tenant even if there is in default under the lease. 

 9.                  Vault taxes, if any should be the responsibility of Landlord not Tenant.

10.              Obtain a  copy of the c/o for the premises and review prior to signing the Lease.

11.              Insurance rider should be sent to insurance agent for review and comment before the Lease is signed. 

12.              Construction clause, if any must be sent to the Tenant's architect for review.

13.              Brokerage clause must represent who is paying the broker and the accompanying indemnification clause  must be mutual

14.              Real Estate tax increases, should be paid over 12 months by Tenant

 At Shenwick & Associates, we have represented more than 300 tenants in commercial leasing transactions, including office tenants, restaurants & retain stores. Provided below is Part I of our Leasing Checklist.  Any clients having questions about commercial leases should contact Jim Shenwick, Esq.   jshenwick@gmail.com  917 363 3391  

Please click the link to schedule a telephone call with Jim Shenwick

https://calendly.com/james-shenwick/15min

Commercial Leasing Checklist in New York City Manhattan Part I

 At Shenwick & Associates, we have represented more than 300 tenants in commercial leasing transactions, including office tenants, restaurants & retain stores. Provided below is Part I of our Leasing Checklist.  Any clients having questions about commercial leases should contact Jim Shenwick, Esq.   jshenwick@gmail.com  917 363 3391  

Please click the link to schedule a telephone call with Jim Shenwick

https://calendly.com/james-shenwick/15min

Lease Checklist:

 1.                  Free rent?   How much? Tenant should receive 12 months rent at first year rate before rent increases in second year.

 2.                  Are the premises in a land-marked building? (alterations are more difficult)

 3.                  Request a  copy of the most recent tax bill and Tenant should only pay its pro rata share of taxes

4.                  Is the electricity direct meter, sub-meter or rent inclusion?

5.                  Assignment and sub-let provisions should automatically be allowed: (a) Tenant’s sale of its business, (b) merger of its business, (c) Tenant goes public, (d) assignment of  its lease to a related entity or division

 6.                  Non-structural alterations should be allowed as a matter of right to Tenant

 7.                  Interest on security deposit should go to Tenant without request or notice once per year

and security deposit should be returned to Tenant 30 days after lease ends

 8.                  Landlord should expressly consent to Tenant's particular use and assist Tenant in getting a liquor license (for a bar or restaurant)

 9.                  If the premises have a sprinkler installation, who pays for monitoring, and maintenance?

 10.              What is the electricity capacity of the premises wiring? Landlord should make a representation in the lease to the electrical capacity and the capacity should be sufficient for Tenant's business (important for a manufacturing or service business).

Check our Blog for Part II of our Leasing Checklist

Jim Shenwick, Esq

What is Chapter 11 bankruptcy?

 Business Insider has a very helpful article on Chapter 11 bankruptcy. The article can be found

 at https://www.businessinsider.com/personal-finance/what-is-chapter-11-bankruptcy

Many people are not aware that individuals as well as businesses can file for chapter 11 bankruptcy and that chapter 11 bankruptcy can be used to reorganize businesses as well as to sell assets.

Jim Shenwick, Esq.   917 363 3391  jshenwick@gmail.com

We help individuals & companies with too much debt!

Please click the link to schedule a telephone call with Jim Shenwick

https://calendly.com/james-shenwick/15min

 

MOTLEY FOOL ARTICLE ON REPAYMENT OF SBA EIDL LOANS

 The Motley Fool has an article on the repayment of SBA EIDL Loans. The article is titled 
"Took Out a Small Business Loan During the Pandemic? You May Need to Start Paying It Back"
The article can be found at https://www.fool.com/the-ascent/small-business/articles/took-out-a-small-business-loan-during-the-pandemic-you-may-need-to-start-paying-it-back/
Any clients with questions about the repayment of SBA or EIDL loans should contact Jim Shenwick, Esq.  jshenwick@gmail.com   917 363 3391
"We held individuals & companies with too much debt!"

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

Differences Between Chapter 7 and Chapter 13

 

IMCGRUP has an article on the "Differences Between Chapter 7 and Chapter 13 Bankruptcy. The article can be found at 
https://www.imcgrupo.com/difference-between-chapter-7-and-chapter-13-bankruptcy/
Jim Shenwick, Esq.  jshenwick@gmail.com  917 363 3391 
"We help people & monies with too much debt". 

Please click the link to schedule a telephone call with me.
 https://calendly.com/james-shenwick/15min

Chapter 11 Bankruptcy Filings Increase 83%

 

Chapter 11 Bankruptcy Filings Increase 83% Y/Y in February 2023  based on article in Monitor Daily. See  https://www.monitordaily.com/news-posts/chapter-11-bankruptcy-filings-increase-83-y-y-in-february/

Jim Shenwick, Esq.  917 363 3391  jshenwick@gmail.com

We held individuals & companies with too much debt!

Please click the link to schedule a telephone call with me.
 https://calendly.com/james-shenwick/15min

How student loan debt became a trillion-dollar problem for Americans

 See the post at https://www.cnn.com/2023/02/27/politics/us-student-loan-debt-timeline/index.html

Jim Shenwick, Esq.  917 363 3391   jshenwick@gmail.com

At Shenwick & Associates we help people and businesses with too much debt!

Please click the link to schedule a telephone call with me.

https://calendly.com/james-shenwick/15min