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Monthly Archives: September 2021
Toys ‘R’ Us Plans to Open Shops Inside More Than 400 Macy’s Locations in 2022
The company is aiming increase its physical retail locations to rebuild its brick-and-mortar presence since the company filed bankruptcy in 2017. Macy’s is looking to expand their toy business in hopes that customers coming in to buy toys will buy … Continue reading
U.S. Court of Appeals Upholds Decision that Debt Collection Agency Violated Law with Phone Calls
Elizabeth Lupia of Colorado Springs has won a case against a medical debt collection company. The Court ruled that this collection company, Medicredit, Inc. had violated consumer protection law because collection calls continued after she had specifically asked to stop … Continue reading
Our Office Adds Bookkeeping to Our List of Services
The Law Office of Camron Hoorfar now offers full bookkeeping services for our clients. Our professional bookkeeper has over 20 years of bookkeeping experience using thelatest versions of Intuit accounting software: QuickBooks Online (QBO) QuickBooks Pro Desktop QuickBooks Enterprise Remote … Continue reading
Retirement and Taxes: The Basics of IRAs
Individual Retirement Arrangements (IRAs) provide tax incentives for people to make investments that can provide financial security for their retirement. These can be set up with a bank, life insurance company, mutual fund, or stockbroker. What you should know: Contribution: … Continue reading
Bankruptcy Subchapter V Debtor Eligibility
Bankruptcy Code requires that a Subchapter V debtor be “currently engaged in commercial or business activities at the time of filing in order to be eligible as small business debtor.” In this case, the debtor filed for bankruptcy without intentions … Continue reading
Pandemic Start-Up Boom Doesn’t Show Signs of Stopping
The pandemic seems to have boosted entrepreneurial activity so much that Americans filed paperwork to start 4.3 million businesses last year. This number is up 24 percent from the year before and by far the most since the government started … Continue reading
Posted in Business, General
Tagged COVID-19, economy, entrepreneur, pandemic, Small Business, start up
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Education Department to Forgive $1.1 Billion for ITT Students
The Education Department has said that it will forgive the federal loans of students who attended ITT Technical Institute but left after March 2008 without completing a degree. This forgiveness will apply to 115,000 borrowers amounting to more than $1 … Continue reading
More than 323K Borrowers with Disabilities to Receive Automatic Student Loan Forgiveness
The Biden administration announced that it would set up more than 323 thousand borrowers with a total and permanent disability (TPD) for $5.8 billion in automatic federal student loan forgiveness. The Education Department announced that it would no longer make … Continue reading
July Home Sales Up 1% as Prices Reach Unprecedented Levels
New homes sales rose a mere 1% in July after a string of declines. New home prices are soaring to record levels. Sales fell April, May, and June as builders faced surging lumber prices and a shortage of workers. The … Continue reading
Two Men Charged in Scheme to Obtain Fraudulent Loans
Federal authorities announced that two men have been charged in connection with their alleged roles in a scheme that used stolen identities to obtain more than $450,000 in disaster loans from the Small Business Administration. Roughly $250,000 of that was … Continue reading