Law Office of Camron Hoorfar, PC

  Brooks Brothers, the clothing store, will be joining the slew of unfortunate bankruptcy filings. Since the filing, the two most successful companies, Authentic Brands Group LLC and Simon Property Group Incorporated are partnering up to bid for the 200-year-old chain.  Prior to the outbreak, expensive clothing lines, including Neiman Marcus Group and Dean & DeLuca, have had a difficult few years, leaving Brooks Brothers as just another front to take a hit in sales.

Due to weddings, graduations, proms, and other ceremonial events being cancelled, the “suit and tie” apparel has been traded for a more relaxed look with potential customers now working from home.

Considering bankruptcy? Contact our office at 816-524-4949 or you can visit our website at hoorfarlaw.com to schedule an appointment. 

Recently, Skillsoft Corporation, an e-learning company, announced they will be filling for bankruptcy. They have agreed to an agreement of restructuring its $2 billion debt to $410 million. The filing took place at the US Bankruptcy Court of Delaware, in which the court documents say the company has assets of up to $1 million and liabilities near $10 billion. As of now, the company says this does not affect any of their current employees and they plan to continue to operate business through this restructuring process.

Struggling financially? Contact our office at 816-524-4949 or you can visit our website at hoorfarlaw.com to schedule an appointment.

With the unforeseen circumstances due to the pandemic, the Topeka YMCA has asked to file for bankruptcy. The president and CEO, John Mugler said because the organization was shutdown for two months, bankruptcy seems to be the most reasonable action to make financially. However, the organization has plans to remain open for their childcare services and their health and fitness programs during this difficult time.

Are you contemplating bankruptcy? We are here to help. Contact us at 816-524-4949 or you can visit our website at hoorfarlaw.com to schedule an appointment.