Failing to Disclose a $46,000 Diamond Ring in Bankruptcy is Fraud
February 6th, 2018
In bankruptcy, you must disclose all of your assets. An Idaho couple failed to disclose a $46,000 diamond ring because the wife had thrown it in a lake when she discovered that her husband had been unfaithful. Failure to disclose assets in a bankruptcy can result in all of your debts coming back to haunt you and possible jail time. If you are thinking about filing for bankruptcy and need someone to talk to, contact our law office at 816-524-4949 or visit our website at Hoorfarlaw.com.
Tax Department Can Estimate Your Business Income
January 18th, 2018
The Missouri Department of Revenue is able to review your bank statements and credit card transactions, among other documents, to determine how much money you made and whether you accurately reported your income. If you do not provide them with your bank statements or other documents, you may be charged a penalty for failing to keep adequate records.
If you have tax issues and need someone to speak with, contact our law office at 816-524-4949 or visit our website at Hoorfarlaw.com.
Vitamin World to Close 124 Stores
December 11th, 2017
Vitamin World has hired a company to assist it with shutting down 124 stores in 30 states.
If you have a business that is struggling financially, and you would like to speak to an attorney, contact our law office at 816-524-4949 or visit our website at Hoorfarlaw.com.
Owner of Macaroni Grill Files for Bankruptcy
October 26th, 2017
The owner of the Italian restaurant Macaroni Grill has filed for bankruptcy with a plan to erase debt and reorganize around its top restaurants.
If you have a failing business that is thinking of filing for bankruptcy, contact our law office at 816-524-4949 or visit our website at Hoorfarlaw.com.
Missouri and Kansas Make Money.com Best City List
October 25th, 2016
According to Money.com, Overland Park, Kansas was named #29 out of 50 of the 2016 Best Small Cities. Overland Park was given a grade of B in economy, an A in jobs, and an A in education. Lee’s Summit, Missouri was named #43 out of 50 of the 2016 Best Small Cities. Lee’s Summit was given a grade of A in economy, an A in jobs, and a B in education.
If you are having money trouble because you don’t live in a great city, contact our law office at 816-524-4949 or visit our website at www.Hoorfarlaw.com.
Types of Student Loans
October 21st, 2015
There are generally five (5) types of student loans available to students and parents in order to help pay for college:
- Subsidized Stafford Loans – A government loan, usually has the lowest interest rate, but borrowers must meet strict income guidelines. Not available to graduate or professional students.
- Unsubsidized Stafford Loans – A government loan available to all students, regardless of income.
- PLUS Loans – A government loan available to parents with children who are students. Parents must have a good credit history to receive this type of loan.
- Consolidation Loans – A government loan available for borrowers with existing student loans who wish to combine multiple loans, extend payment terms, or both.
- Private Loans – Available to any student who meets the requirements of the private company loaning the funds.
If you are needing assistance with student loan debt, contact our law office at www.Hoorfarlaw.com or 816-524-4949.
No Lawyer = No Good Outcome
October 20th, 2015
When charged with a crime, a person has the right to counsel. However, that person can also waive their right to an attorney and proceed as their own attorney. But acting as your own attorney can be dangerous because the court will expect you to know the laws, rules, and regulations that are involved in your case. And if you make a mistake during your case, there is no one there to clean up your mess. If you have been charged with a crime, contact our law office at 816-524-4949 or www.Hoorfarlaw.com.
Car Accident Assault
October 16th, 2015
A Missouri court has convicted a person of assault because they reversed their car out of a parking lot too fast and ran over someone’s foot. If the injury is considered serious, then the assault charge elevates to second degree assault.
If you have been charged with a crime, contact our law office at 816-524-4949 or www.Hoorfarlaw.com.
Property Division in a Divorce
October 14th, 2015
If you are going through a divorce, part of the process involves splitting up the marital property. Marital property is anything you and your spouse owned, including accrued benefits, while you were married. Once you are divorced and your property is divided, you cannot modify the property division unless one of the spouses commits some sort of fraud. Therefore, you better get it right the first time.
If you are going through a divorce, contact our law office at 816-524-4949 or www.Hoorfarlaw.com.
Bankruptcies are Down, but Repeat Filers are Up
October 13th, 2015
In a recent 2014 bankruptcy report, it was determined that the number of bankruptcies filed in 2014 were lower than the number filed in 2013. However, there were more repeat bankruptcy filers in 2014 than 2013.
The report also stated that the average monthly income of a person who filed for bankruptcy in 2014 was $2,616/month. Of the bankruptcies that failed, 54% of the failures were caused by debtors unable to make the required plan payments.
If you are thinking of filing for bankruptcy or are experiencing credit issues, contact our law office at 816-524-4949 or visit our website at www.Hoorfarlaw.com.