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.
Takata Airbag Settlement
October 17th, 2017
Due to faulty airbags, approximately 16 million Honda and Acura owners will receive up to $500 and to have their cars repaired.
If you believe you have a claim against someone, 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.
Another Wells Fargo Settlement
October 9th, 2017
Wells Fargo will be paying customers that were charged “rate-lock extension” fees when attempting to obtain a mortgage. The total settlement payout is around $98,000,000 and will be paid to approximately 110,000 borrowers.
If you believe you have been scammed and need assistance, contact our law office at 816-524-4949 or our website at Hoorfarlaw.com.
Burn It Down
October 4th, 2017
Growth is usually followed by decay; life is followed by death, and here is another case where fire follows construction. Some Taxpayers have donated their house to the fire department so that the fire department can practice their skills and burn the house down. These taxpayers have then claimed a deduction that is hotly contested by the IRS if all the following haven’t been followed.
Donate the house and the land to the fire department. This is best done by deeding the entire property over to the fire department.
Do not replace the home or have already slated it for demolition. Replacing the house disallows any charitable deduction being taken.
But, if done correctly, you can get a huge tax deduction in the amount of the fair market value of the house and land. Something to think about.
I you have questions about tax deductions, call our office at 816-524-4949 or visit our website at www.Hoorfarlaw.com.
Pension Plans are Going Broke
October 3rd, 2017
The Washington Examiner has estimated that 114 multi-employer pension plans, involving 1.3 million people, are underfunded. This means that the amount of money in the pension plan is less than the amount that the plan should have.
If you are in financial trouble because your savings or retirement is not what it should be and you are looking for other options, contact our law office at 816-524-4949 or visit 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.
Lawyer Jailed for 18 Months for Defrauding NFL Players
September 27th, 2017
A former Chicago attorney has been sentenced to 18 months for orchestrating a tax fraud scheme that defrauded millions of taxes from the IRS and financially harmed NFL players.
If you have been charged with a crime and need legal help, contact our law office at 816-524-4949 or visit our website at Hoorfarlaw.com.