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Monthly Archives: May 2020
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
Tuesday Morning Corp. Contemplates Bankruptcy
Upon closing 700 stores in 39 states due to the pandemic, Tuesday Morning Corp., a home goods store is up against potentially filing for bankruptcy. With no clear plan or final decision, the company is facing difficult decisions on what … Continue reading
Deadline for Taxpayers Update
Due to extenuating circumstances arising from the pandemic, the deadline for taxpayers to file their taxes and make payments was extended to July 15th, 2020 without any consequences. Those who are expecting a refund, are encouraged to file electronically. As … Continue reading
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Treasury Secretary Alert Large Companies for Criminal Penalties
The Treasury Secretary of the US, Steven Mnuchin, plans to crack down on larger recipients of Paycheck Protection Program (PPP) loans intended for smaller businesses. Reports say the intent was not to give an unnecessary push for larger businesses but … Continue reading
US Airlines Receive Government Aid Paychecks
U.S. Airlines receive government aid paychecks as well as being assured they will remain employed until at least October. Airlines are hoping things return back to normal by then but with the 95% drop in travel, it seems to be … Continue reading
Incomplete Mechanic’s Lien Reversed And Remanded
Kansas City Steel Werx Inc., took on a job as steel and labor subcontractors to help build a development project. This took a sharp turn when KC Steel filed a mechanic’s lien for around $400,000 against The District City Center … Continue reading
Forever 21 Gets Sued
Forever 21 is being sued by Alabama’s Eastern Shore shopping mall where the store was located. The owner claims to have lost a significant amount of money after leasing a space to the business. Allied Development was promised a yearly … Continue reading
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Hertz Global Holdings Inc. May Be Forced To File Bankruptcy
With sales dropping due to consumers avoiding travel at a time like this, Hertz Global Holdings Inc., a rental car company, is still required to make monthly payments under their operating lease. It has been reported that the company and … Continue reading
2020 Best Motorcycle Accident Lawyers in Kansas City
In a recent article by Expertise, a website designed for ranking various professional fields, the Law Office of Camron Hoorfar was ranked among the top Motorcycle lawyers in Kansas City. This company ranks businesses based on 5 categories. They are … Continue reading