Charlotte Russe Starts Liquidation

Retailer Charlotte Russe will close all of its stores and begin the liquidation process. Going out of business sales started March 7th and will run to around April 30th in store only. This announcement follows a chapter 11 bankruptcy filing in early February.

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If you are thinking about filing for bankruptcy call our law office at 816-524-4949 or visit our website at Hoorfarlaw.com

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FDA Confirms Asbestos in Claire’s Products

The FDA made a statement that they found asbestos in cosmetics sold by the retailer, Claire’s. They warned customers not to use the products. Claire’s filed chapter 11 bankruptcy last March and came out eliminating $1.9 billion in debt.

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If you are considering filing for bankruptcy, call our law office at 816-524-4949 or visit our website at Hoorfarlaw.com

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Jefferey Skilling Released After 12 Years in Jail

The former CEO of Enron was released from prison after 12 years. In 2006 he was charged with 12 counts of securities fraud, 5 counts of making false statements to auditors, 1 count of insider trading and 1 count of conspiracy.

Enron’s fall led to billions of investors’ money lost, and wiped out retirement savings and jobs of thousands of employees.

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If you would like to speak with an attorney, call our office at 816-524-4949 or visit our website at Hoorfarlaw.com

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Marijuana Business Owner Pleads Guilty to $3 Million in Unpaid Taxes

Andrew C. Poarch and his wife failed to pay the IRS about $3.1 million in taxes for the 2014, 2015 and 2016 tax years. The couple operated a club called the Lazy Lion in Colorado for 3 years selling marijuana on a cash-only basis to members.

The Lazy Lion

If you need tax help, call our office at 816-524-4949 or visit our website at Hoorfarlaw.com

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A DUI Breath Test in a Patrol Car is within Regulation

Department of Health and Senior Services regulation provides that “breath analyzers are to be used within building or vehicles used for driving-while-intoxicated enforcement. Therefore, blowing in to a breathalyzer machine in the back of a police vehicle is permissible.

If you have been charged with a DWI, call our law office at 816-524-4949 or visit our website at Hoorfarlaw.com

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Michael Avenatti Accused of Hiding Millions from Bankruptcy Court

Michael Avenatti has been accused with hiding millions of dollars from the bankruptcy court. His firm, Eagan Avenatti, was required to file monthly income and spending reports. The bankruptcy reports did not disclose that Avenatti opened 6 bank accounts that received millions in legal fees during the bankruptcy.

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If you are thinking about filing for bankruptcy, contact our law office at 816-524-4949 or visit our website at Hoorfarlaw.com

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Charlotte Russe Files for Bankruptcy

Clothing retailer Charlotte Russe has filed for chapter 11 bankruptcy and will be closing 94 stores, including 3 in Missouri. Charlotte Russe advisers are proposing solutions to help fix the massive amount of debt. If a solution is not found, the company could start liquidating within a couple of weeks.

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If you are thinking about filing for bankruptcy, call our law office at 816-524-4949 or visit our website at Hoorfarlaw.com

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Things Remembered Files for Bankruptcy

Gift retailer Things Remembered filed has for chapter 11 bankruptcy. The company intends to close most of its 400 stores. The stores that remain open will be sold to Enesco LLC for $17.5 million.

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If you are thinking about filing for bankruptcy, call our law office at 816-524-4949 or visit our website at Hoorfarlaw.com

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Tax Returns May be Affected with these New Rules

The new tax rules associated with the Tax Cuts and Jobs Act may impact your return this year:

  1. Standard Deduction Increased: A key change is an increase in the standard deduction compared to 2017.
  2. Personal Exemption Eliminated: The $4,050 personal exemption for individuals and dependents.
  3. Child Tax Credit Expanded: In 2018, the credit increases to $2,000. Plus there is a new $500 credit for non-child dependents.
  4. State and Local Taxes: $10,000 in state and local income taxes is the maximum that can be deducted.
  5. ACA Individual Mandate Repealed: No healthcare coverage in 2019? You will not have to pay a penalty.
  6. Mortgage Interest Deduction Dropped: Individuals who purchase a home in 2018 can deduct mortgage interest up to $750,000 of acquisition indebtedness. The interest deduction on home-equity indebtedness has been eliminated.
  7. Retirement Fund Contribution Limits Increased: You can now contribute up to $18,500 to your 401(k), 403(b), most 457 plans and Thrift Savings Plan. That’s a $500 increase from 2017.
  8. Qualified Business Income Deduction- Qualified Business Income Deduction (QBI): Taxpayers who own sole proprietorship, LLCs, rental properties, S-Corporations and partnerships may be able to deduct 20% of qualified business income if they meet specific criteria.

If you need tax help, contact our law office at 816-524-4949 or visit our website at Hoorfarlaw.com.

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Slip and Fall?

Have you fallen on the ice in the last few days? Contact our office and let us see if we can help! You can give us a call at 816-524-4949 or visit our website at hoorfarlaw.com to set up an appointment online.

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