Are You Struggling to Make Your Taxi Loan Payments and Keep Your Medallion on the Road? Need Help Negotiating with Overly Aggressive Lenders?
There is no question Philadelphia’s taxicab industry is in trouble. The same is true in NY, LA and other metropolitan markets.
Once lucrative operations are now struggling to stay on the road. Medallions are worth a mere fraction of their original value.
Drivers are losing more than half of their business to non-traditional ride sharing services like Uber and Lyft. And while earnings continue to decrease, business loans are ballooning and defaults are increasing.
Medallion lenders are not hesitating to take legal actions to collect on unpaid debts, and taxicab drivers are caught in the middle.
A judgment in a lender’s favor can result in substantial financial losses for you:
- Seizure of your taxi medallion(s) and personal property
- Seizure of your checking, savings and money market accounts
- The total loss of your business
If you’ve been served with a lawsuit, confession of judgment or any other legal documents, you need legal representation.
Take Action to Protect Yourself, Your Assets and Your Business
Real World Law, PC protects small businesses like yours in a wide array of complex litigation matters. We also help our clients get relief from enormous debt under the U.S. Bankruptcy Code.
For a limited time, we’re offering a FREE CONSULTATION to members of Philadelphia’s taxi cab drivers, medallion owners, dispatch services and anyone negatively affected by Philadelphia’s declining taxi market.
During your private one-on-one consultation with Attorney Brown, you will get answers to legal questions you have and discuss all debt relief options available to you.
Call 610.734.0750 to schedule your free consultation or use this online form.