Rapper “Trick Daddy” Files for Bankruptcy

Posted on January 22, 2020 by Camron Hoorfar

“Love & Hip Hop: Miami” star and rapper Trick Daddy has filed for bankruptcy, listing over $800,000 owed to creditors, The Blast reported. According to court documents, the rapper filed for chapter 13 bankruptcy on August 6, 2019. This is his fourth bankruptcy filing; the first three cases were dismissed before his debt was discharged. He lists his assets as his home in Miramar, Florida, worth $350,000, $1,500 in household goods and $150 in clothes. Trick Daddy has $0 in his checking account and $5,000 worth of stock in his Trick & Rick Music Publishing company. His debts include $435,682 owed to Fannie Mae related to his Florida home, $12,000 to his homeowner’s association, $57,119 in back child support and $290,000 to the IRS.

If you are considering filing for bankruptcy, contact our law office at 816-524-4949 or visit our website at Hoorfarlaw.com.

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Fake Name, Real Sanctions

Posted on January 21, 2020 by Camron Hoorfar

Florida state permits lawyers to do business using a fictitious law firm name with disclosures required under Bankruptcy Rule 2014. Because the retained lawyers did not disclose the details of their relationship under the rule, newly appointed Bankruptcy Judge John T. Dorsey sanctioned them $55,000.

In two opinions, Judge Dorsey let the lawyers off the hook for more severe sanctions because they were not bankruptcy lawyers and thus were “not accustomed to the stringent disclosure requirements mandated by the Bankruptcy Rules.”

If you are considering bankruptcy or dealing with bankruptcy issues, contact our law office at 816-524-4949 or visit our website at Hoorfarlaw.com.

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Crying Wolf and Bankruptcy Judges

Posted on January 17, 2020 by Camron Hoorfar

An attorney who (allegedly) repeatedly made unsubstantiated allegations that a federal Tennessee bankruptcy judge communicated outside her courtroom with lawyers about pending cases was slapped Tuesday with a two-year suspension in the Eastern District of Tennessee, reported by Law360.


U.S. District Judge Pamela Reeves suspended the Tennessee attorney after finding that he violated the Tennessee Rules of Professional Conduct, the Federal Rules of Bankruptcy Procedure and the Eastern District of Tennessee’s Local Rules for his conduct in relation to U.S. Bankruptcy Judge Suzanne Bauknight and Tennessee case number 20-mc-00720.

UPDATE: The attorney involved in this case contacted our office to request the removal of his name. Pursuant to his request, we have removed his name. He also wished to state that he was appealing the court’s decision.

If you are considering filing for bankruptcy, contact our law office at 816-524-4949 or visit our website at Hoorfarlaw.com.

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Houlihan’s Restaurant Chain Files for Bankruptcy

Posted on January 14, 2020 by Camron Hoorfar

The private-equity backed operator of the Houlihan’s Restaurant + Bar chain has filed for bankruptcy protection with a deal in-hand to sell the casual dining chain to fellow restaurant operator Landry’s Inc. for $40 million and assumption of some liabilities, WSJ Pro Bankruptcy reported. Houlihan’s Restaurant Inc. and its affiliates blamed their chapter 11 filing on several factors that have stressed the casual dining sector in recent years including raising lease costs, a tighting labor market and “the rapid growth in costly third-party delivery.” The bankruptcy comes little more than a year after the business acquired more than a dozen Houlihan’s location. Private-equity firm York Capital Management and former president of Applebee’s and TGI Friday’s, Mike Archer, acquired Houlihan’s in 2015. According to court papers filed in the U.S. Bankruptcy Court in Wilmington, Del., Houlihan’s has $80 million in assets and $76.9 million of liabilities.

If you are considering filing for bankruptcy, contact our law office at 816-524-4949 or visit our website at Hoorfarlaw.com.

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WeWork’s Loss Balloons to $1.25 Billon

Posted on January 13, 2020 by Camron Hoorfar

Office-space startup WeWork lost $1.25 billion in the third quarter of 2019, as expenses far outpaced revenue growth, draining the company’s cash ahead of a bailout by SoftBank Group Corp. last month, the Wall Street Journal reported. We Co., as the parent company is officially known by, said in a report to debtholders that revenue surged 94 percent in the three months ended Sept. 30 to $934 million compared with the year-earlier period. WeWork’s prior record loss posted in the second quarter for a total of $638 million and is more than double the $497 million loss reported in same year-earlier period. Once considered the most valuable startup in the U.S. with a valuation of $47 billion, WeWork’s attempt to go public was eventually canned due to concerns over mounting losses, as well as the erratic management style of the now-departed chief executive, Adam Neumann, which eventually lead to him being ousted as CEO.

If you are considering starting a business and would like to speak with an attorney, contact our law office at 816-524-4949 or visit our website at Hoorfarlaw.com.

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Washington County businessman gets prison in tax, bankruptcy, unemployment schemes

Posted on January 10, 2020 by Camron Hoorfar

A judge has sent Washington County business owner George Retos Jr., 71, to federal prison for a year and a day for conspiracy to defraud the IRS and filing a false bankruptcy declaration in connection with his companies, reported by the Pittsburgh Post-Gazette. The owner of Prime Plastics and Plastic Power in Washington, Pa., also received a two-year probationary term when he gets out via U.S. District Judge Arthur Schwab. In addition to the IRS and bankruptcy frauds, he accepted responsibility for a wire fraud charge in another scheme to fleece the Pennsylvania unemployment compensation system. He did not plead to that charge, but in federal court defendants acknowledge the conduct described in additional counts even if they don’t plead, which can then be used at sentencing. Retos and a person only identified as N.R. in the court records, the nominal president of Plastic Power acting solely at Retos’ direction, failed to pay the IRS payroll and employer taxes for the two plastics companies. Retos has a long history of tangling with the IRS dating back to the 1990s.

If you are considering bankruptcy or have tax issues, don’t be George, contact our law office at 816-524-4949 or visit our website at Hoorfarlaw.com.

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Colleges Can Be Forced to Return Tuition When Parents Go Bankrupt

Posted on January 9, 2020 by Camron Hoorfar

Colleges can be forced to return tuition payments made for students whose parents can’t cover their own debts, according to a federal appeals court ruling that opens up higher education institutions to more litigation in bankruptcy courts, WSJ Pro Bankruptcy reported. A Boston appeals court said on Tuesday, November 12th, that tuition payments can be taken back and redistributed when a student’s parents declare bankruptcy. The ruling on November 12th sided with a bankruptcy trustee who sued Sacred Heart University of Fairfield, Conn., to regain tuition paid on behalf of a student whose parents were involved in a multimillion-dollar fraud that ended with one parent in prison. The decision said that because parents don’t directly benefit economically for sending adult children to college, the tuition they paid can be claimed. The tuition payments “furnished nothing of direct value” to creditors of the parents, said the U.S. Court of Appeals for the First Circuit.

If you are considering bankruptcy or have any debt issues and would like to speak to an attorney, contact our law office at 816-524-4949 or visit our website at Hoorfarlaw.com.

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What is Notice?

Posted on January 8, 2020 by Camron Hoorfar

The Missouri Court of Appeals, Southern District – SD35818, had a ruling in BOBBY J. CARTER, Petitioner-Appellant vs. DIRECTOR OF REVENUE, STATE OF MISSOURI, Respondent-Respondent regarding “Notice Play”. In a statute governing judicial review of administrative decision, subsections saying that the department’s decision shall be final at 15 days after notice is mailed, or 15 days after driver is notified, mean the same thing. Notice of deadlines to seek judicial review were clear as to both base and commercial privileges. Circuit court did not err in dismissing a petition untimely filed.

If you are thinking of filing an appeal and would like to speak to a lawyer, contact our law office at 816-524-4949 or visit our website at Hoorfarlaw.com.

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When Service of Process is Bad

Posted on January 7, 2020 by Camron Hoorfar

The Missouri Court of Appeals, Eastern District – ED107247, had ruled in K.M.R., Respondent, vs. D.G.B., III, Appellant that personal jurisdiction is a condition of a circuit court’s authority to issue an order of protection. Before a hearing on the petition; statutes require three days’ notice from service of a petition or on any ex-parte order of protection.  Actual notice is not a substitute. On a motion to quash, the burden of proof falls on the person asserting personal jurisdiction. Return of service is prima facie evidence of the facts that the return of service alleges, but clear and convincing evidence can rebut such recitations, and the return of service did not even allege service of the petition.

If you have issues with service or a lawsuit and would like to speak to an attorney, contact our law office at 816-524-4949 or visit our website at Hoorfarlaw.com.

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Defective Service

Posted on January 3, 2020 by Camron Hoorfar

The Missouri Court of Appeals, Eastern District – ED107247, had a ruling K.M.R., Respondent, vs. D.G.B., III, Appellant. Personal jurisdiction is a condition of a circuit court’s authority to issue an order of protection. Before a hearing on the petition; statutes require three days’ notice, from service of a petition or on any ex-parte order of protection.  Actual notice is not a substitute. On a motion to quash, the burden of proof falls on the person asserting personal jurisdiction. Return of service is prima facie evidence of the facts that the return of service alleges, but clear and convincing evidence can rebut such recitations, and the return of service did not even allege service of the petition. Remanded with directions to dismiss. 

If you have issues with service defection and would like to speak to an attorney, contact our law office at 816-524-4949 or visit our website at Hoorfarlaw.com.

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