Category Archives: General

Bunching Gifts after the Tax Cuts and Job Act of 2017

Posted on May 17, 2018 by Camron Hoorfar

There were several changes in taxation after the enactment of the Tax Cuts and Job Act of 2017, lifetime gifts benefited in most regards. Bunching allows 2-3 year’s worth of donations in a given tax year which can then be … Continue reading →

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Toys ‘R’ Us, $348 Million in fees over Bankruptcy

Posted on May 16, 2018 by Camron Hoorfar

In early spring of 2017 the company wanted to refinance roughly $200 million of their $5 billion debt. The company faced low holiday income and had to file for bankruptcy and move to close stores. More than 30,000 company employees … Continue reading →

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Applebee’s Franchisee with 150+ Restaurants Files for Bankruptcy

Posted on May 15, 2018 by Camron Hoorfar

An Atlanta-based Applebee’s RMH Franchise filed for chapter 11 protection. The filing estimates that the company owes between $100 million and $500 million across the 163 restaurants. The restaurants located across 15 states will continue to operate during the bankruptcy … Continue reading →

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Man Behind Bars for Bankruptcy Fraud and Identity Theft

Posted on May 14, 2018 by Camron Hoorfar

A Connecticut man by the name of Joel C. Riley was recently arrested and charged with conspiracy to commit bankruptcy fraud as well as identity theft. Riley origionally tried claiming power of attorney for an ill woman in order to … Continue reading →

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TI’s Restaurant: Pending Lawsuits and Bankrupt

Posted on May 11, 2018 by Camron Hoorfar

The famous rapper cannot catch a break with his now-closed restaurant; before it was lawsuits from previous employees and now it is the filing for Chapter 7 bankruptcy. Both TI and his business partner own 40% stake in the company … Continue reading →

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American Chopper Star Finances Revealed

Posted on May 10, 2018 by Camron Hoorfar

Paul Teutul, in bankruptcy, recently disclosed some key finances. His assets including his car, boat, trailer, land and gun collection total a worth of over $411,673; his monthly expenses outweigh his income by roughly $4,000. The TV star has over … Continue reading →

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Not All Student Related Loans are Nondischargable

Posted on May 9, 2018 by Camron Hoorfar

Historically, student loan debt is considered nondischargable unless the terms of paying it back are deemed to be an undue hardship. However, recently, there have been ca ses regarding other forms of student loans that do not directly affect education … Continue reading →

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Man Sentenced to Prison for Trump Tax Return

Posted on May 7, 2018 by Camron Hoorfar

A Louisiana man has been sentenced to 18 months in jail for attempting to obtain Trump’s tax returns by using Trump’s Social Security Number.  The man was a private investigator who was trying to access the tax information before the … Continue reading →

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Employee Spotlight

Posted on May 6, 2018 by Camron Hoorfar

Marie Lipowicz is an attorney at the Law Office of Camron Hoorfar, P.C. Marie Lipowicz graduated from the Saint Louis University School of Law in December of 2005. While in law school, Marie owned a title abstracting business performing chain … Continue reading →

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Missouri Foreclosure Notice

Posted on May 3, 2018 by Camron Hoorfar

Missouri law states that after a borrower has been in default for ten days for failing to make a required payment and has not surrendered possession of the collateral, the lender may give the borrower and all co-signers a notice. … Continue reading →

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