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Attorneys Of Corash & Hollender, P.C.

Multiple Medallion Owner Finds Help

On Behalf of | Feb 16, 2017 | Bankruptcy | 0 comments

A taxi medallion owner, searching the Internet for options, called. “I heard you were helping a lot of people.”

He was living on the income from leasing multiple medallions. But he could no longer lease them all. 62 years old, a former driver, he was now caught in a trap between the bank and living only on nominal social security payments. He wanted to know if he should talk to the bank.

I developed a negotiating strategy that gave the bank options to consider: face a chapter 7 bankruptcy or cooperate on a mutually beneficial collaboration. 

No situation is hopeless unless you give up. Give me a call to customize a plan.