Tag Archives: Bankruptcy

Household Debt Hits a Record High

Posted on September 12, 2017 by Camron Hoorfar

According to the Federal Reserve Bank, household debt has hit a new record high and credit card delinquencies are on the rise. The amount of household debt has reached $12.84 trillion. In 2008, the amount of household debt was $13 … Continue reading →

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Bank of America Pays $6 Million for a Wrongful Eviction

Posted on August 31, 2017 by Camron Hoorfar

Bank of America was recently ordered to pay $6 million to a California couple who was harassed and illegally lost their home to Bank of America. If you believe you lost your home to a wrongful foreclosure, contact our law … Continue reading →

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Dressmaker Alfred Angelo Says Its Dresses are Not Coming

Posted on August 14, 2017 by Camron Hoorfar

Three weeks after filing for bankruptcy, the bridal company Alfred Angelo has told its customers that their dresses won’t be coming. Customers who believe they are owed money should file a proof of claim. If you need representation in bankruptcy … Continue reading →

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Using Bankruptcy to Escape Student Loans

Posted on August 11, 2017 by Camron Hoorfar

It is very difficult to have bankruptcy erase your student loan debt.  In order to satisfy the undue hardship portion of the test in order to discharge student loan debt, you will need to show that you are unable to … Continue reading →

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Cisco Systems Announces 1,100 Layoffs

Posted on July 27, 2017 by Camron Hoorfar

Cisco Systems, Inc. has announced that it will be laying off another 1,100 employees due to declining revenue. If you have declining revenue and need some advice, contact our law office at 816-524-4949 or visit our website at Hoorfarlaw.com.

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Eddie Bauer May File for Bankruptcy

Posted on July 21, 2017 by Camron Hoorfar

The retailer Eddie Bauer has hired investment banks in order to explore strategies to avoid bankruptcy. If you have a store that is closing and need some guidance, contact our law office at 816-524-4949 or visit our website at Hoorfarlaw.com.

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Gymboree May File for Bankruptcy

Posted on June 27, 2017 by Camron Hoorfar

The clothing retailer Gymboree may be filing for bankruptcy soon after it decided not to make an interest payment on $171 million of bonds that came due. If you are struggling to pay your bills and need some assistance, contact … Continue reading →

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Owner of Joe’s Crab Shack Files for Bankruptcy

Posted on June 21, 2017 by Camron Hoorfar

The owner of the restaurant Joe’s Crab Shack has filed Chapter 11 bankruptcy due to falling food sales.  The owner may attempt to sell the restaurant for $50 million. If you are interested in learning more about bankruptcy and what … Continue reading →

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BeBe May Avoid Bankruptcy

Posted on June 19, 2017 by Camron Hoorfar

The clothing retailer BeBe Stores, Inc. may avoid bankruptcy by closing its stores and entering into various real estate deals. If you own a business in financial distress and need some guidance, contact our law office at 816-524-4949 or visit … Continue reading →

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Minnesota Catholic Church Files for Bankruptcy over Sex Abuse Allegations

Posted on June 14, 2017 by Camron Hoorfar

A Catholic diocese in Minnesota has filed for bankruptcy, making it among a dozen catholic districts that have filed for bankruptcy to seek protection from their creditors and clergy sex abuse scandals. If you have questions about bankruptcy, contact our … Continue reading →

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