Law Offices of Amid T. Bahadori

Law Offices of Amid T. Bahadori Bankruptcy and Debt Relief
Civil Litigation
Real Estate

Thank for having me on! Listen now on The Intentional Entrepreneur podcast .franchise.attorney
10/01/2020

Thank for having me on! Listen now on The Intentional Entrepreneur podcast .franchise.attorney

California Gov. Gavin Newsom (D) signed a bill Monday night that would extend the state’s eviction moratorium for anothe...
09/02/2020

California Gov. Gavin Newsom (D) signed a bill Monday night that would extend the state’s eviction moratorium for another five months.

The bill, A.B. 3088, moved through the legislature on the last day the body was in session. It grants tenants who have lost income because of the coronavirus pandemic a postponement on their missed rent and gives them five more months before they must start paying again in full.

“Tenants are still responsible for paying unpaid amounts to landlords, but those unpaid amounts cannot be the basis for an eviction,” Newsom’s announcement reads. Landlords can begin collecting missed rent on March 1, 2021.

Up to 300 Pizza Hut restaurants are slated to permanently close following the bankruptcy of one the chain's largest fran...
08/18/2020

Up to 300 Pizza Hut restaurants are slated to permanently close following the bankruptcy of one the chain's largest franchisees.

NPC International, which filed for Chapter 11 in July, announced an agreement Monday with Pizza Hut's owner Yum! Brands (YUM)to close roughly a quarter of its restaurants and sell the remaining locations. Specific restaurants and timing have not yet been determined, but NPC said a "substantial majority" of affected locations have dining rooms.

The agreement provides NPC with "flexibility to explore options for achieving a value maximizing outcome as it seeks to finalize the terms of a comprehensive financial restructuring and emerge from Chapter 11," it said in a release. A perfect storm of coronavirus-related shutdowns, a massive debt burden of nearly $1 billion and rising labor and food costs tipped NPC into bankruptcy.

Business bankruptcy related questions, contact us at 949-954-8164

Los Angeles-based casual restaurant chain California Pizza Kitchen, better known simply as CPK, is now officially in cha...
08/04/2020

Los Angeles-based casual restaurant chain California Pizza Kitchen, better known simply as CPK, is now officially in chapter 11 bankruptcy as a result of the ongoing economic downturn fueled by the global coronavirus pandemic. While today’s announcement does not mean that the company is closing its more than 250 locations permanently, it does put the popular chain in dire straights.

The bankruptcy filing was made today in the state of Texas, and offers a glimpse of the restructuring efforts ahead meant to save the company. They include shuttering multiple “unprofitable” locations and working to reduce its considerable corporate debt — including seeking nearly $50 million in financing moving forward.

Wishing everyone a fun and safe summer Sunday ☀️ @ Lido Marina Village
08/02/2020

Wishing everyone a fun and safe summer Sunday ☀️ @ Lido Marina Village

Rep. Mary Gay Scanlon (D -PA) introduced new legislation last week that would make it easier for you to discharge studen...
07/20/2020

Rep. Mary Gay Scanlon (D -PA) introduced new legislation last week that would make it easier for you to discharge student loans in bankruptcy if you are struggling financially and have been impacted by Covid-19.

Here’s the good news: the COVID-19 Student 5 Loan Relief Act of 2020 would apply to both private student loans and federal student loans, and be available to all Americans impacted by Covid-19. Swipe to read the fine print...

To schedule a detailed consultation, call us today: 949-954-8164. @ Newport Beach, California

Ascena Retail Group Inc., the parent company of Ann Taylor, Justice, LOFT, Lane Bryant and several other women’s fashion...
07/13/2020

Ascena Retail Group Inc., the parent company of Ann Taylor, Justice, LOFT, Lane Bryant and several other women’s fashion brands, is preparing to file for Chapter 11 bankruptcy and shutter at least 1,200 stores.

The bankruptcy filing could come as soon as this week with a creditor agreement in place that would eliminate about $700 million of the company’s $1.1 billion debt.

The bankruptcy would allow Ascena Retail Group to sell or close certain chains, including Justice and Catherines, according to Bloomberg.

Bankruptcy related questions? Call us anytime to schedule a consultation: 949-954-8164

We’ve been getting a lot of bankruptcy questions right now, so let’s demystify the process.What is bankruptcy?Bankruptcy...
07/08/2020

We’ve been getting a lot of bankruptcy questions right now, so let’s demystify the process.

What is bankruptcy?

Bankruptcy is a federal legal process that allows individuals and businesses to either wipe out their debt or restructure it, depending on the circumstances and type of bankruptcy filed.

So, what types of bankruptcy are there? Swipe to read about each. For detailed information call us today for a free consultation: 949-954-8164 @ Newport Beach, California

Luxury Dining Group, owner of the Fig & Olive chain of high-end restaurants with sites in New York, Washington, D.C., Lo...
07/06/2020

Luxury Dining Group, owner of the Fig & Olive chain of high-end restaurants with sites in New York, Washington, D.C., Los Angeles and here in Newport, filed for Chapter 11 bankruptcy protection, blaming employee lawsuits and the pandemic.

Majority owner Guillaume Fonkenell will work with company managers to decide which of the nine restaurants are still viable and could eventually turn a profit, according to court papers filed in New York on Friday. The company faces lawsuits related to a Salmonella outbreak that hit its Washington and Melrose Place locations.

Wishing everyone a happy and safe Independence Day 🇺🇸
07/04/2020

Wishing everyone a happy and safe Independence Day 🇺🇸

Happy 5th Birthday to our littlest one... I love all of our adventures together! ♥️🥳
07/01/2020

Happy 5th Birthday to our littlest one... I love all of our adventures together! ♥️🥳

Cirque du Soleil, established in Canada, is seeking Chapter 15 bankruptcy protection in the United States to facilitate ...
06/29/2020

Cirque du Soleil, established in Canada, is seeking Chapter 15 bankruptcy protection in the United States to facilitate a “stalking horse” purchase agreement negotiated with its existing shareholders in an attempt to draw in more investment.

The company will also create a $15 million employee fund to provide financial assistance for the almost 3,500 employees who have been laid off.

Business or personal bankruptcy questions? Call us for a free consultation 949-954-8164

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Newport Beach, CA
92660

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