ABI Blog Exchange

The turnaround of Texas Capital Bank

EIDL Defaulted Loans

An EIDL loan is one issued by the SBA for economic injury development. These loans were issued after PPP loans to businesses that had suffered economic injury. However, unlike PPP loans, these loans must be repaid by borrowers. Many clients are

China seeking to infiltrate Fed, senior Senate Republican says

Why economic volatility doesn't worry this fintech

Good Faith In A Mandated Mediation: Are Contempt and Sanctions Appropriate? (In re A.T. Reynolds)

By: Donald L Swanson “ the specter of sanctions and contempt spawns ancillary litigation that often eclipses the issues at the heart of the underlying dispute.” —From In re A.T. Reynolds & Sons, Inc., 452 B.R. 374, 376 (S.D.N.Y. 2011), reversing a

Student Loan Income Driven Repayment Plans

Not all they were cracked up to be. Income based repayment fails? Surprise, surprise. And this from the inside view of a “student loan servicer” if you will pardon that oxymoron. From the business insider website. The purpose of income-driven

BMO Harris handed setback in multibillion dollar court battle

CFPB urges student loan servicers to help military personnel get debt relief

EIDL LOAN DEFAULT DOCUMENT REVIEW, WORKOUT, BANKRUPTCY FILING & OFFER IN COMPROMISE

As many readers of our blog posts are aware, at Shenwick &Associates we have expertise in EIDL loan workouts, bankruptcy filings and offers in compromise, for defaulted EIDL loans Recently we did a post on EIDL loans and bankruptcy, which can be

House committee scuttles plans to take up stablecoin bill this week

New NCUA rule sharpens regulator's focus on largest credit unions

Rogers CEO says firm ‘failed,’ will spend heavily to fix network

Everything You Need to Know About Bankruptcy and Child Support

For those who are owed or paying child support prior to filing for bankruptcy, the idea of discharge can be either terrifying or welcome. Regardless of which one applies to you, though, the truth of the matter might be altogether different than you

What are the Differences Between Chapter 7 and Chapter 13 Bankruptcy?

When filing for personal bankruptcy, it can sometimes be difficult to determine which bankruptcy chapter is the right one for you. Many factors are at play when making this decision, but the first priority for anyone considering either is to learn

Truist hires a new head of diversity, equity and inclusion

How JPMorgan is developing an internet of money

EIDL LOANS and SBA OFFER IN COMPROMISE PROGRAM

In a recent blog post we discussed EIDL LOAN WORKOUTS AND BANKRUPTCY http://shenwick.blogspot.com/2022/07/eidl-loan-workouts-and-bankruptcy… In this post we will discuss EIDL Loans and the SBA Offer in Compromise program (“OIC”). An offer in

Ex-Goldman banker tipped squash buddy on deals, U.S. alleges

How fintechs are responding to their falling valuations

While Congress talked, banks led on overdraft innovation