Tag Archives: Debt

Losing your Bankruptcy Due to Not Following the Rules

Posted on November 7, 2017 by Camron Hoorfar

In order to file for bankruptcy, you need to follow all of the federal bankruptcy rules and regulations.  Failure to follow the rules can land you in hot water.  One couple lost their ability to erase their debts because they … Continue reading →

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Owner of Macaroni Grill Files for Bankruptcy

Posted on October 26, 2017 by Camron Hoorfar

The owner of the Italian restaurant Macaroni Grill has filed for bankruptcy with a plan to erase debt and reorganize around its top restaurants. If you have a failing business that is thinking of filing for bankruptcy, contact our law … Continue reading →

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Food Stamp Overpayments Go Away in Bankruptcy

Posted on October 23, 2017 by Camron Hoorfar

Unlike unemployment overpayments, food stamp overpayments go away in bankruptcy. If you are thinking of filing for bankruptcy, contact our law office at 816-524-4949 or visit our website at Hoorfarlaw.com.

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Unemployment Overpayments Do Not Go Away in Bankruptcy

Posted on October 18, 2017 by Camron Hoorfar

Amounts owed to the state unemployment office for overpayments do not get erased in bankruptcy. If you are thinking of filing for bankruptcy and would like someone to talk to, contact our law office at 816-524-4949 or visit our website … Continue reading →

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Vitamin World files for Bankruptcy

Posted on October 16, 2017 by Camron Hoorfar

Vitamin World, Inc. has filed for bankruptcy with a plan to close dozens of its underperforming stores. If you have a business that is in financial trouble and would like to speak with someone, contact our law office at 816-524-4949 … Continue reading →

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Toys R’ Us Bankruptcy Causes Panic

Posted on October 10, 2017 by Camron Hoorfar

After Toys R’ Us filed for bankruptcy a few weeks ago, many toy makers are feeling their financial woes. Many toymakers are owed lots of money from Toys R’ Us but may not receive everything that they are entitled to. … Continue reading →

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Property the Bankrupt Court Cannot Take

Posted on September 29, 2017 by Camron Hoorfar

State law dictates that certain property, protected by state law, cannot be touched by the federal bankruptcy court in Missouri or Kansas.  This stays true, even when protected property is converted into property that the bankruptcy could have otherwise taken.  … Continue reading →

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Toys ‘R’ Us Filing for Bankruptcy

Posted on September 26, 2017 by Camron Hoorfar

Due to suppliers cutting off shipments and a decline in sales at stores, Toys ‘R’ Us is preparing to file for bankruptcy. If you have a business that is in financial ruin and would like to consult with an attorney, … Continue reading →

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Bankruptcies More Successful with Counsel

Posted on September 21, 2017 by Camron Hoorfar

According to the American Bankruptcy Institute, a Chapter 13 bankruptcy that was filed with an attorney has an approximate 51% chance of being completed successfully.  However, a Chapter 13 bankruptcy that was filed without an attorney has an approximate 2% … Continue reading →

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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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