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Tag Archives: Debt
Missouri Hospital Files for Bankruptcy
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
American Chopper Star Files for Bankruptcy
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
Toys R’ Us Plans to Close More Stores
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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Tagged Attorney, Bankruptcy, Business, Business Law, Debt, Kansas Attorney, Law Office of Camron Hoorfar, Lawyer, Lees Summit Attorney, LOCH, Missouri Attorney
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Kansas Payday Lender Goes to Jail for 16 Years
A Leawood businessman, Scott Tucker, is going to jail for 16 years and 8 months for operating an illegal payday loan business. Mr. Tucker was convicted of 14 criminal counts related to a $2 billion payday loan business. If you … Continue reading
Penthouse Magazine Files Bankruptcy Again
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
David Cassidy’s Estate is Sued over $120,000 Legal Bill
David Cassidy’s estate is being sued by multiple Florida attorneys who claim the deceased actor owes them money. The lesson here is: you should pay your attorneys, even after you are dead. If you are struggling financially and would like … Continue reading
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Tagged Attorney, Debt, Down Town Lees Summit, Kansas Attorney, Law Office of Camron Hoorfar, Lawsuit, Lawyer, LOCH, Missouri Attorney
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Gunmaker Remington May File for Bankruptcy
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
Toys R’ Us to Close 180 Stores
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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Tagged Attorney, Bankruptcy, Debt, Kansas Attorney, Law Office of Camron Hoorfar, Lawyer, Lees Summit Attorney, LOCH, Missouri Attorney, Toys R Us
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Failing to Disclose a $46,000 Diamond Ring in Bankruptcy is Fraud
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
Getting Rid of Student Loans in Bankruptcy
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