Tag Archives: Bankruptcy

Famous Bankruptcies

Posted on December 12, 2014 by Camron Hoorfar

Thinking of filing bankruptcy but too embarrassed to contact our office?  Well don’t be.  Here is a list of some famous people who have filed for bankruptcy: Stephen Baldwin  2009 Kim Basinger  1993 Gary Burghoff  1991 Gary Busey  2012 Tia … Continue reading →

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Attorney Fees in Bankruptcy

Posted on December 1, 2014 by Camron Hoorfar

If you have filed an adversary proceeding or are facing one in your bankruptcy, one of the important issues you need to think about is how you can pay for your attorney.  When asking for attorney fees in an adversary … Continue reading →

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Bankruptcy Crimes

Posted on November 26, 2014 by Camron Hoorfar

A business owner was recently found guilty of bankruptcy fraud, a federal crime, for failing to disclose a transfer of an asset.  In his defense, the business owner stated he did not list the transfer because he did not feel … Continue reading →

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401(k) Contributions in Bankruptcy

Posted on November 25, 2014 by Camron Hoorfar

If you are in a Chapter 13 bankruptcy or thinking of filing a Chapter 13 bankruptcy and have a 401(k), you may have an issue continuing to contribute to your 401(k) after filing. If you need legal assistance, contact our … Continue reading →

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Bankruptcy Filings Drop 12% in 2013

Posted on January 31, 2014 by Camron Hoorfar

For the year 2013, bankruptcies totaled 1,107,699 for the country.  That number is roughly 150,000, or 12%, down from the year 2012. Check out our website at www.Hoorfarlaw.com.

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Put my house in Bankruptcy?

Posted on December 27, 2013 by Camron Hoorfar

Missouri allows a bankruptcy debtor to save $15,000 in equity in their home. Equity is the value of your home that exceeds any mortgages. If you file bankruptcy and have more than $15,000 in equity, the bankruptcy court may take … Continue reading →

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Bankruptcy Court… You Can’t Touch This

Posted on December 23, 2013 by Camron Hoorfar

A person who has filed for bankruptcy is entitled to the Earned Income Tax Credit. A bankruptcy court has recently ruled that the Earned Income Tax Credit is a type of public assistance for low-income families and is therefore exempt … Continue reading →

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Bankruptcies are Goin’ Down

Posted on November 8, 2013 by Camron Hoorfar

In 2012, 42,008 businesses filed for bankruptcy. In 2013, 34,892 businesses filed for bankruptcy. In 2012, over 1.2 million individual bankruptcies were filed. In 2013, just over 1 million bankruptcies were filed. Overall, there seems to be a 12% decrease … Continue reading →

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How to Pick a Bankruptcy Attorney

Posted on May 23, 2013 by Camron Hoorfar

That’s it, you’re done. After struggling to pay your debts, you’re ready to  consider bankruptcy. It’s time to contact a bankruptcy lawyer, but which  one?  Some advertise on TV and radio, others on billboards and bus stops.  They seem fine, … Continue reading →

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Ineligibility of Chapter 13 debtor for discharge does not preclude a plan that permits stripping off wholly-unsecured junior residential mortgages

Posted on May 25, 2012 by Camron Hoorfar

“Chapter 20” was curtailed by BAPCPA, but it remains vitality for the purpose of lien stripping. The Bankruptcy Appellate Panel holds that the Bankruptcy Code allows a debtor to follow a Chapter 7 with a Chapter 13 in which he … Continue reading →

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