Tag Archives: Bankruptcy

Lil Kim Officially Out of Bankruptcy

Lil Kim, rapper and star of the new series Girls Cruise, is officially out of bankruptcy. Lil Kim originally filed a voluntary Chapter 13 petition in May of 2018 but converted to a Chapter 11 in August of 2018. The rapper … Continue reading

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2018 Video Recap!

A compilation of office posts, summing up 2018, the best year yet at the Law Office of Camron Hoorfar!

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Lil’ Kim Files for Bankruptcy

Recently the IRS disclosed that the platinum selling rapper owes $1.47 million in back taxes. Her court documents list more than $4 million in both secured and unsecured debts. Her gross annual income dropped in recent years from roughly $825,000 to … Continue reading

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American Chopper Star Finances Revealed

Paul Teutul, in bankruptcy, recently disclosed some key finances. His assets including his car, boat, trailer, land and gun collection total a worth of over $411,673; his monthly expenses outweigh his income by roughly $4,000. The TV star has over … Continue reading

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Toys R’ Us Files for Bankruptcy and will be Closing All U.S. Stores

Toys R’ Us has filed for bankruptcy and has announced that it will be closing all of its stores in the United States.  Before filing for bankruptcy, Toys R’ Us obtained a $3.1 billion loan in order to try and … Continue reading

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Claire’s Files for Bankruptcy

The fashion accessories store, Claire’s, has filed for bankruptcy.  It is not yet clear if the business will remain open and simply switch to another owner or simply shut down. If you have a business that is struggling and would … Continue reading

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Actor Joey Lawrence Files for Bankruptcy

Actor Joey Lawrence, known for working with Melissa Joan Hart, has filed for bankruptcy with his wife after his show was cancelled after five seasons.  In 2015, Joey stated he made $534,000, but in 2016 Joey made $58,000.  At the … Continue reading

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Bankruptcy and Malpractice Claims

A legal malpractice claim is when you believe your attorney messed up in some way, costing you money.  If you file bankruptcy and have a malpractice claim, the bankruptcy trustee can pursue the claim on your behalf in order to … Continue reading

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Missouri Hospital Files for Bankruptcy

The Iron County Hospital District, located in Pilot Knob, Missouri, filed for bankruptcy.  At the time of its filing, it had less than $50 million in debt and less than $10 million in assets.  If you are thinking of filing … Continue reading

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American Chopper Star Files for Bankruptcy

Paul Teutul, a star of the television show American Chopper, has filed for Chapter 13 bankruptcy in New York.  His bankruptcy paperwork states he owes approximately 50 creditors over $1 million.  In addition, he states that his monthly income is … Continue reading

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