Tag Archives: Bankruptcy

Hulk Hogan Receives $31,000,000 Settlement

Posted on November 15, 2016 by Camron Hoorfar

Gawker Media, LLC has reached a $31 million settlement with Hulk Hogan in order to satisfy Mr. Hogan’s judgment against Gawker for $140 million.  The settlement must be approved by a bankruptcy judge since Gawker filed for bankruptcy after the … Continue reading →

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Bankruptcy Can Be Sexy

Posted on October 31, 2016 by Camron Hoorfar

The actress, Megan Fox, is becoming a part owner of Frederick’s of Hollywood, a lingerie retail store.  The lingerie store filed bankruptcy last year and closed many of its stores nationwide.  After emerging with bankruptcy, the retail store is changing … Continue reading →

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Big Stores Going into Financial Trouble

Posted on October 28, 2016 by Camron Hoorfar

According to Bloomberg News and Fitch Ratings, the retail stores of Sears, Claire’s, and Nine West are struggling and may be looking at bankruptcy in the recent future. If you have a company in debt, contact our law office at … Continue reading →

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Missouri and Kansas Make Money.com Best City List

Posted on October 25, 2016 by Camron Hoorfar

According to Money.com, Overland Park, Kansas was named #29 out of 50 of the 2016 Best Small Cities.  Overland Park was given a grade of B in economy, an A in jobs, and an A in education.  Lee’s Summit, Missouri … Continue reading →

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Bankruptcy Can Stop a Divorce

Posted on September 22, 2016 by Camron Hoorfar

When a person files for bankruptcy, an automatic stay is created at the time the bankruptcy is filed.  The automatic stay prevents some legal proceedings from continuing, including divorces.  In order for the divorce to continue after the bankruptcy has … Continue reading →

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Bankruptcy by the Numbers

Posted on July 26, 2016 by Camron Hoorfar

Comparing last year to this year, the ABA reports that the number of people who have filed for bankruptcy has fallen eight percent (8%).  Approximately 523,000 Chapter 7 bankruptcies were filed, 302,000 Chapter 13 bankruptcies were filed, and 7,000 Chapter … Continue reading →

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Hulk Hogan Forces Bankruptcy

Posted on June 29, 2016 by Camron Hoorfar

Financial struggles aren’t avoided the more money an individual or company has. Recently, Gawker Media, an online media company with assets around $50 to $100 million, has recently filed for Chapter 11 bankruptcy while appealing a $140 milling verdict for … Continue reading →

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Denial of a Chapter 13 Plan is Not Appealable

Posted on May 24, 2016 by Camron Hoorfar

Missouri has stated that a denied Chapter 13 bankruptcy plan cannot be appealed.  A Chapter 13 bankruptcy plan is the repayment plan that a debtor proposes to the court in a Chapter 13 bankruptcy.  A bankruptcy debtor must have a … Continue reading →

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Undistributed Money Switching from a Chapter 13 Bankruptcy to a Chapter 7 Bankruptcy

Posted on May 6, 2016 by Camron Hoorfar

While this scenario does not involve many people, when it does apply to you, it is a very important rule.  In a Chapter 13 bankruptcy, a person makes monthly payments to the bankruptcy court in order to pay for the … Continue reading →

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Foreclosure Alternatives

Posted on April 19, 2016 by Camron Hoorfar

The following methods can be used by a residential property borrower to avoid foreclosure of their home or investment property: Modification of the Loan – This is when the lender takes the back-owed amount, also known as arrearages, and either … Continue reading →

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