Tag Archives: Bankruptcy

Bankruptcy and Malpractice Claims

Posted on March 16, 2018 by Camron Hoorfar

A legal malpractice claim is when you believe your attorney messed up in some way, costing you money.  If you file bankruptcy and have a malpractice claim, the bankruptcy trustee can pursue the claim on your behalf in order to … Continue reading →

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Missouri Hospital Files for Bankruptcy

Posted on March 13, 2018 by Camron Hoorfar

The Iron County Hospital District, located in Pilot Knob, Missouri, filed for bankruptcy.  At the time of its filing, it had less than $50 million in debt and less than $10 million in assets.  If you are thinking of filing … Continue reading →

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American Chopper Star Files for Bankruptcy

Posted on March 6, 2018 by Camron Hoorfar

Paul Teutul, a star of the television show American Chopper, has filed for Chapter 13 bankruptcy in New York.  His bankruptcy paperwork states he owes approximately 50 creditors over $1 million.  In addition, he states that his monthly income is … Continue reading →

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Rapper 50 Cent Boasts and then Denies Having Bitcoin

Posted on March 5, 2018 by Camron Hoorfar

Rapper 50 Cent, in bankruptcy, initially boasted that he was the recipient of 700 bitcoins for one of his albums.  At the time, the ownership of the bitcoins would have made him a millionaire, but his bankruptcy estate would have … Continue reading →

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Toys R’ Us Plans to Close More Stores

Posted on March 2, 2018 by Camron Hoorfar

Toys R’ Us plans to close another 200 stores and lay off a significant portion of its staff.  The toy store previously announced that it would close 180 stores and lay off around 4,500 workers.  Before filing for bankruptcy, the … Continue reading →

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Penthouse Magazine Files Bankruptcy Again

Posted on February 14, 2018 by Camron Hoorfar

For the third time, Penthouse Global Media, Inc., an offshoot of the adult entertainment magazine, has filed a Chapter 11 bankruptcy.  The company is currently owned by a woman who wants to open up “breastaurants” to compete with Hooters.  If … Continue reading →

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Gunmaker Remington May File for Bankruptcy

Posted on February 12, 2018 by Camron Hoorfar

Remington Outdoor Company, Inc., a U.S. maker of firearms, may be filing bankruptcy soon. Remington asked for a forbearance from its creditors as it has around $950 million in debt. If you have a business that is going under and … Continue reading →

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Toys R’ Us to Close 180 Stores

Posted on February 8, 2018 by Camron Hoorfar

Toys R’ Us has announced that it will close approximately 180 stores as part of their bankruptcy reorganization.  At the time of filing for bankruptcy, Toys R’ Us had over $5 billion in debt.  If you are a business owner … Continue reading →

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Failing to Disclose a $46,000 Diamond Ring in Bankruptcy is Fraud

Posted on February 6, 2018 by Camron Hoorfar

In bankruptcy, you must disclose all of your assets.  An Idaho couple failed to disclose a $46,000 diamond ring because the wife had thrown it in a lake when she discovered that her husband had been unfaithful.  Failure to disclose … Continue reading →

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Getting Rid of Student Loans in Bankruptcy

Posted on January 17, 2018 by Camron Hoorfar

It is very difficult, almost impossible, to discharge student loans in a bankruptcy.  In order to do so, you must meet the three prong Brunner test.  Part of this test is that you must have made a good-faith effort to … Continue reading →

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