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Category Archives: General
Kendall Jenner Resolves Lawsuit over Instagram Post
A 2017 music festival, also known as Fyre Festival, was being promoted on Instagram by reality TV star and model, Kendall Jenner. The lawsuit was presented by a bankruptcy trustee who was regaining money for the creditors of the festival … Continue reading
CFPB Achieves $1.275 Million Dollar Settlement
The Consumer Financial Protection Bureau received a settlement on behalf of consumers for the amount of $1.275 million in their lawsuit against the Specialized Loan Servicing (SLS), a Colorado based mortgage loan servicer. In 2014, the CFPB discovered that SLS … Continue reading
JCPenney To File for Bankruptcy
JCPenney is facing financial troubles amid the outbreak and the shutting down of their department stores. Sephora stated recently that they would not reopen their doors after the pandemic and that they would stop restocking in store products. Sephora’s products … Continue reading
Injured in an Accident? We can help!
You may have heard on the radio, but the Law Office of Camron Hoorfar will help you handle personal injury matters! We have even launched a new site to help navigate your personal injury needs mykclawyer.com. Personal Injury Law is … Continue reading
City of Fairfield, Alabama Files for Bankruptcy
The small city of Fairfield, Alabama is set to file for Chapter 9 Bankruptcy, which is quite rare, especially for a municipality of merely 12,000 residents. Prior to the pandemic, Mayor Eddie J. Penny stated that the city had drained … Continue reading
Treasury Turns Small Business Loans into Grants
The Treasury Department rolled out a program for small business loans, however, there has recently been minor changes to the original program. The original guidelines for the small business loans required a rehiring of staff and any additional loan amount … Continue reading
Fannie Mae and Freddie Mac Pause on Foreclosures
Mortgage loan company Fannie Mae and Freddie Mac have extended their delay on mortgage foreclosures through June. With the plan of initially deferring homeowners’ payments until May 17th, the plan was changed and may even be deferred for as long … Continue reading
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Neiman Marcus Group Inc., Files for Bankruptcy
Neiman Marcus Group Inc., became America’s major extravagance retailers when they were granted access to Texas Oil 100 years ago. The popular retailer has stated they are now facing bankruptcy due to the coronavirus outbreak and the precautions they are … Continue reading
Gold’s Gym International Inc., to File Bankruptcy
Gold’s Gym International Inc., announced Monday they are filing for Chapter 11 bankruptcy. They were forced to close 30 corporate owned stores due to the outbreak of the coronavirus. While this was a difficult decision, the company’s plan to be debt free is set to be no later … Continue reading
Small Business Loan Accepters May Face Debt
Small business owners that are receiving Paycheck Protection Program assistance could soon experience some difficulties staying afloat. While the Treasury Department is managing the loan fund, the banks are having difficulties proving that the loans met the ever-changing government requirements. … Continue reading