Tag Archives: Bankruptcy

Kansas City Company Makes Bid To Acquire Rural Kansas Hospital Out Of Bankruptcy

A Kansas City-based company that specializes in turning around financially distressed hospitals is proposing to purchase Hillsboro Community Hospital in rural Kansas for $6.9 million, reported KCUR.org. Hillsboro Community Hospital was placed in Chapter 11 bankruptcy after its previous owner … Continue reading

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Luxury Grocer Dean & DeLuca Closes Manhattan Store

Dean & DeLuca, the gourmet grocer, has shut its flagship location in Manhattan, Bloomberg News reported. According to a notice posted on the door, which said the store will reopen soon, the SoHo closing may be only temporary. The chain … Continue reading

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Education Secretary Betsy DeVos Under Fire Over Student Debt Collection

U.S. Secretary of Education Betsy DeVos faces potential contempt of court and sanctions for continuing to collect on the debt of former students at bankrupt Corinthian Colleges Inc., going so far as seizing their wages and tax refunds, Bloomberg News … Continue reading

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Lil Kim Officially Out of Bankruptcy

Lil Kim, rapper and star of the new series Girls Cruise, is officially out of bankruptcy. Lil Kim originally filed a voluntary Chapter 13 petition in May of 2018 but converted to a Chapter 11 in August of 2018. The rapper … Continue reading

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2018 Video Recap!

A compilation of office posts, summing up 2018, the best year yet at the Law Office of Camron Hoorfar!

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Lil’ Kim Files for Bankruptcy

Recently the IRS disclosed that the platinum selling rapper owes $1.47 million in back taxes. Her court documents list more than $4 million in both secured and unsecured debts. Her gross annual income dropped in recent years from roughly $825,000 to … Continue reading

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American Chopper Star Finances Revealed

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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Toys R’ Us Files for Bankruptcy and will be Closing All U.S. Stores

Toys R’ Us has filed for bankruptcy and has announced that it will be closing all of its stores in the United States.  Before filing for bankruptcy, Toys R’ Us obtained a $3.1 billion loan in order to try and … Continue reading

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Claire’s Files for Bankruptcy

The fashion accessories store, Claire’s, has filed for bankruptcy.  It is not yet clear if the business will remain open and simply switch to another owner or simply shut down. If you have a business that is struggling and would … Continue reading

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Actor Joey Lawrence Files for Bankruptcy

Actor Joey Lawrence, known for working with Melissa Joan Hart, has filed for bankruptcy with his wife after his show was cancelled after five seasons.  In 2015, Joey stated he made $534,000, but in 2016 Joey made $58,000.  At the … Continue reading

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