Author Archives: Camron Hoorfar

New York City Pondering Furlough Due to Financial Shortage

Mayor Bill de Blasio of New York City states the city could face potential furloughing of around 22,000 employees due to the $9 billion dollar budget loss stemming from the coronavirus. Considering cutting back $1 billion from the budget, the … Continue reading

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Chuck E. Cheese Corporation Files for Bankruptcy

 Corporation CEC Entertainment recently filed for bankruptcy. The corporation says this is the most difficult time in its history, but it intends to establish a restructuring plan. The company has liabilities and assets ranging from $1 billion to $10 billion … Continue reading

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Checkers Drive-In Restaurants Seek Help from Financial Advisers

Checkers Drive-In Restaurants Inc. have sought out financial advisers in order to help them maneuver through the effects of the coronavirus pandemic. Their private-equity owner, Oak Hill Capital Partners, hired both an investment banker and turnaround adviser to investigate possible … Continue reading

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NYC Halts Rent for Tenants for a Year

New York City council suspends rent for 2 million tenants for a year amid economy struggles caused by pandemic. With a vote of 6 to 3, the Rent Guidelines Board approved a measure that suspends rents on one-year leases and … Continue reading

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US Hospitals Close or File for Bankruptcy

Due to the unforeseen circumstances caused by the COVID-19, 42 hospitals closed or have filed for bankruptcy. With the financial tests we will face in the upcoming months, this may push even more hospitals into the same dilemma. Between March … Continue reading

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Health Care Facility American Addiction Center files for Bankruptcy

The corporation for American Addiction Center has filed for bankruptcy, according to the Bankruptcy Court in Delaware. The company says they expect to come out from bankruptcy in 125 days, after implementing a reformed plan to drop out their debt. … Continue reading

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Tax Filing Extension Update

The deadline for filing taxes was recently extended to July 15th due to outbreak of coronavirus. To clarify, the IRS says, taxpayers who need more time even after this date to file, must request to do so. However, the date … Continue reading

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Current Bankruptcy Wave Soars

 Within the last few weeks, numerous companies are seeking bankruptcy filing, more in the last two days than in the last two weeks. Seven cases of bankruptcy filings have been reported since Sunday, topping the already five that were reported … Continue reading

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Former Bumble Bee CEO is Sentenced to Prison

Ex-chief executive officer, Chris Lischewski, was sent to prison for more than three years for taking part in a price control scheme. A federal jury, in San Francisco, found Lischewski and his colleagues guilty of manipulating prices for packaged seafood … Continue reading

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Law Office Radio Ad Times

This week we will have radio ads on 99.7 Monday June 22nd at: 6:45AM, 9:45AM, 11:43AM, and 1:42PM Tuesday June 23rd at: 6:30AM 8:14AM, 9:30AM, and 1:16PM Wednesday June 24th at: 8:31AM, 11:14AM, 4:14PM, and 6:15PM Thursday June 25th at: … Continue reading

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