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Posts Tagged ‘Bankruptcy’

Unemployment Overpayments Do Not Go Away in Bankruptcy

October 18th, 2017

Amounts owed to the state unemployment office for overpayments do not get erased in bankruptcy.

If you are thinking of filing for bankruptcy and would like someone to talk to, contact our law office at 816-524-4949 or visit our website at Hoorfarlaw.com.

Vitamin World files for Bankruptcy

October 16th, 2017

Vitamin World, Inc. has filed for bankruptcy with a plan to close dozens of its underperforming stores.

If you have a business that is in financial trouble and would like to speak with someone, contact our law office at 816-524-4949 or visit our website at Hoorfarlaw.com.

Suing Bankruptcy Trustees

October 11th, 2017

Many people who have filed for bankruptcy and run into trouble often think of suing the bankruptcy trustee or bankruptcy receiver.  However, the Barton doctrine makes it very difficult to do so.  Under the Barton doctrine, in order to sue a bankruptcy trustee or bankruptcy receiver, the person who wants to sue must get permission from the bankruptcy court.  There are two general exceptions to this rule: (1) when the trustee or receiver commits a tort in the court of operating the debtor’s business, and (2) when the trustee or receiver mistakenly or wrongfully seizes property that is not property of the estate from a third party.

If you have filed for bankruptcy and things have gotten complicated, feel free to contact our law office at 816-524-4949 or visit our website at Hoorfarlaw.com.

Toys R’ Us Bankruptcy Causes Panic

October 10th, 2017


After Toys R’ Us filed for bankruptcy a few weeks ago, many toy makers are feeling their financial woes. Many toymakers are owed lots of money from Toys R’ Us but may not receive everything that they are entitled to. In addition, toymakers are not seeing the orders from the toy store giant that they once experienced.
If you own a business and are experiencing financial woes, contact our law office at 816-524-4949 or our website at Hoorfarlaw.com.

Property the Bankrupt Court Cannot Take

September 29th, 2017

State law dictates that certain property, protected by state law, cannot be touched by the federal bankruptcy court in Missouri or Kansas.  This stays true, even when protected property is converted into property that the bankruptcy could have otherwise taken.  This was true in the Hawk case in Kansas when a protected IRA retirement account was converted into a non-protected asset.

If you are thinking of filing for bankruptcy and would like some guidance, contact our law office at 816-524-4949 or visit our website at Hoorfarlaw.com.

Toys ‘R’ Us Filing for Bankruptcy

September 26th, 2017

Due to suppliers cutting off shipments and a decline in sales at stores, Toys ‘R’ Us is preparing to file for bankruptcy.

If you have a business that is in financial ruin and would like to consult with an attorney, contact our law office at 816-524-4949 or visit our website at Hoorfarlaw.com.

Bankruptcies More Successful with Counsel

September 21st, 2017

According to the American Bankruptcy Institute, a Chapter 13 bankruptcy that was filed with an attorney has an approximate 51% chance of being completed successfully.  However, a Chapter 13 bankruptcy that was filed without an attorney has an approximate 2% chance of being completed successfully.

If you are thinking of filing for bankruptcy and would like some help, feel free to contact our law office at 816-524-4949 or visit our website at Hoorfarlaw.com.

Household Debt Hits a Record High

September 12th, 2017

house debt

According to the Federal Reserve Bank, household debt has hit a new record high and credit card delinquencies are on the rise. The amount of household debt has reached $12.84 trillion. In 2008, the amount of household debt was $13 trillion.

If you believe you have an overwhelming amount of debt, feel free to contact our law office at 816-524-4949 or visit our website at Hoorfarlaw.com.

Bank of America Pays $6 Million for a Wrongful Eviction

August 31st, 2017

bank of america 3

Bank of America was recently ordered to pay $6 million to a California couple who was harassed and illegally lost their home to Bank of America.

If you believe you lost your home to a wrongful foreclosure, contact our law office at 816-524-4949 or visit our website at Hoorfarlaw.com.

Dressmaker Alfred Angelo Says Its Dresses are Not Coming

August 14th, 2017

alfred-angelo

Three weeks after filing for bankruptcy, the bridal company Alfred Angelo has told its customers that their dresses won’t be coming. Customers who believe they are owed money should file a proof of claim.

If you need representation in bankruptcy court, contact our law office at 816-524-4949 or visit our website at Hoorfarlaw.com.