Gold’s Gym International Inc., to File Bankruptcy

Posted on May 14, 2020 by Camron Hoorfar
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Gold’s Gym International Inc., announced Monday they are filing for Chapter 11 bankruptcy. They were forced to close 30 corporate owned stores due to the outbreak of the coronavirus. While this was a difficult decision, the company’s plan to be debt free is set to be no later than August. In the course of this plan, they will continue to assist their vendors and suppliers. They have also decided to continue to operate their 700 gymswhile working closely to abide by the correct protocol for the coronavirus guidelines. 

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

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Small Business Loan Accepters May Face Debt

Posted on May 13, 2020 by Camron Hoorfar
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Small business owners that are receiving Paycheck Protection Program assistance could soon experience some difficulties staying afloat. While the Treasury Department is managing the loan fund, the banks are having difficulties proving that the loans met the ever-changing government requirements. This is creating a potential larger amount of debt on businesses who thought these amounts would be forgiven after the slow of COVID. Banks are now seeing just how complicated things are and will continue to be after numerous businesses are planning to ask for their eight-week loan forgiveness.

Are you struggling financially? Contact our office at 816-524-4949 or you can visit our website at hoorfarlaw.com to schedule an appointment so we can help.

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Tuesday Morning Corp. Contemplates Bankruptcy

Posted on May 12, 2020 by Camron Hoorfar
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Upon closing 700 stores in 39 states due to the pandemic, Tuesday Morning Corp., a home goods store is up against potentially filing for bankruptcy. With no clear plan or final decision, the company is facing difficult decisions on what the next move is. Just like other companies, the company is preparing for a decline connected to the closing of their stores. They are especially worried given a lack of online shopping availability.

Do you or someone you know need to file for bankruptcy? We can help. Just contact our office at 816-524-4949 or you can schedule an appointment by visiting our website at hoorfarlaw.com.

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Deadline for Taxpayers Update

Posted on May 11, 2020 by Camron Hoorfar
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Due to extenuating circumstances arising from the pandemic, the deadline for taxpayers to file their taxes and make payments was extended to July 15th, 2020 without any consequences. Those who are expecting a refund, are encouraged to file electronically. As for taxpayers who owe money back, they are also urged to file by the date or as soon as possible.

The IRS has information provided on the website on various safe and secure tax software, as well as information on how to schedule payments electronically or even by phone.

Do you still need to file taxes? We can help. Contact our office at 816-524-4949 or you can visit our website at hoorfarlaw.com to schedule an appointment.    

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Treasury Secretary Alert Large Companies for Criminal Penalties

Posted on May 8, 2020 by Camron Hoorfar
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The Treasury Secretary of the US, Steven Mnuchin, plans to crack down on larger recipients of Paycheck Protection Program (PPP) loans intended for smaller businesses. Reports say the intent was not to give an unnecessary push for larger businesses but to help stabilize the smaller businesses. With that being said, the companies have started to return the PPP loans due to the force of the Trump administration and the public.

Are you a small business or looking to start one? We can help. Contact our office at 816-524-4949 or you can visit our website at hoorfarlaw.com to schedule an appointment.

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US Airlines Receive Government Aid Paychecks

Posted on May 7, 2020 by Camron Hoorfar

U.S. Airlines receive government aid paychecks as well as being assured they will remain employed until at least October. Airlines are hoping things return back to normal by then but with the 95% drop in travel, it seems to be things will continue to face a struggle even into the next year. 

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Six of the largest airlines have accepted the governments support, which means 70% of the money is to be used for payroll that won’t have to be paid back. While smaller airlines receiving less than $100,000 million, will not need to pay back anything. 

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

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Incomplete Mechanic’s Lien Reversed And Remanded

Posted on May 6, 2020 by Camron Hoorfar
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Kansas City Steel Werx Inc., took on a job as steel and labor subcontractors to help build a development project. This took a sharp turn when KC Steel filed a mechanic’s lien for around $400,000 against The District City Center LLC. It turns out, the filing was incomplete which gave the District City Center a chance to file a motion to dismiss it.

The district court made an error and ruled the claim fraudulent instead of incomplete which lead the case to be remanded.

Are you being sued? We can help. Contact our office at 816-524-4949 or you can visit our website at hoorfarlaw.com to schedule an appointment.

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Forever 21 Gets Sued

Posted on May 5, 2020 by Camron Hoorfar
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Forever 21 is being sued by Alabama’s Eastern Shore shopping mall where the store was located. The owner claims to have lost a significant amount of money after leasing a space to the business. Allied Development was promised a yearly income of 6 million, but the company has only produced about 1.6 million in the first year. Both Allied Development and Forever 21 came to an agreement of Forever 21 paying their rent out of the monthly gross they were receiving. 


Are you being sued? Contact our office at 816-524-4949 or visit our website at hoorfarlaw.com to schedule an appointment

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Hertz Global Holdings Inc. May Be Forced To File Bankruptcy

Posted on May 4, 2020 by Camron Hoorfar
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With sales dropping due to consumers avoiding travel at a time like this, Hertz Global Holdings Inc., a rental car company, is still required to make monthly payments under their operating lease. It has been reported that the company and its representatives are arranging to temporarily reduce those payments. 

The company has requested to get an agreement in place to avoid potentially having to file for bankruptcy. If enough lenders vote against the request, the company will be significantly impacted and will leave them with no other choice but to follow through with the bankruptcy filings.

Are you struggling financially due to the coronavirus? Let us help! Contact our office at 816-524-4949 or you can visit our website at hoorfarlaw.com to schedule an appointment.

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2020 Best Motorcycle Accident Lawyers in Kansas City

Posted on May 1, 2020 by Camron Hoorfar

In a recent article by Expertise, a website designed for ranking various professional fields, the Law Office of Camron Hoorfar was ranked among the top Motorcycle lawyers in Kansas City. This company ranks businesses based on 5 categories. They are listed as the following:

  • Reputation: A history of satisfied customers giving excellent recommendations
  • Credibility: Established in their industry with licensing, accreditation, and awards
  • Experience: Masters of their craft, based on years of practical experience and education
  • Engagement: Approachable and responsive to clients and available for new business
  • Professionalism: Dedicated to providing consistently quality work and impeccable customer service

Our office was chosen as part of the Top 19 in the Kansas City area out of an astonishing 317 firms! We continue to strive to be the best in the area to serve our clients above and beyond their satisfaction.

Interested in our services? Call our office at 816-524-4949 or visit our website at hoorfarlaw.com and browse our ‘What We Do’ tab.

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