Sader Law Firm Blog - Kansas City Bankruptcy Attorney Blog

American Bankruptcy Institute: February Filings Up Double-Digit Percentages Year Over Year in All Major Categories

Posted on March 23, 2023 by Sader Law Firm

The American Bankruptcy Institute recently released a report showing new bankruptcy filings in February of this year were up in all major categories when compared to February 2022. This included an 18% uptick in total filings, with 31,889 made last month compared to just over 27,000 a year ago. Epiq Bankruptcy provided the data used. According to the ABI, “Total commercial filings also increased 18 percent, to 1,696 versus 1,442. Commercial chapter 11 filings increased 83 percent to 373 filings, up from 204. Subchapter V small business elections increased 45 percent to 120 versus the 83 filings registered the previous year.” Individual filings also went up by 18% for February 2023 compared to February 2022, although numbers still remain well below pre-pandemic levels. “The growing number of households and businesses filing for bankruptcy reflects the mounting economic challenges they now face,” said ABI Executive Director Amy Quackenboss. “Debt loads are…
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McCormack Shares Bankruptcy Legal Insights With The Guardian

Posted on December 21, 2022 by Sader Law Firm

The Guardian, a global news publication, recently sought out Sader Law Firm Member Bradley McCormack and his expertise in bankruptcy law for an article that dove into recent bankruptcy matters related to Alex Jones. A public figure and Infowars show host, Jones filed for bankruptcy in July after being ordered by a Connecticut court to pay nearly $1.5 billion in damages to the families of the victims of the 2012 Sandy Hook elementary school mass shooting for broadcasting lies about the incident. The parent company of Infowars, Free Speech Systems, also recently filed for bankruptcy. McCormack, who is not advising Jones, noted to The Guardian that filing for bankruptcy means that Jones is required to provide detailed financial information to the U.S. Trustee’s Office, and he’ll need to disclose the businesses he owns, as well as be questioned about his finances under oath by the Sandy Hook families and the…
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Neil Sader Named to Missouri/Kansas Super Lawyers List

Posted on November 17, 2022 by Sader Law Firm

Sader Law Firm, LLC is proud to announce that Managing Member Neil Sader has earned recognition once again in Missouri/Kansas Super Lawyers. It’s the 17th straight year the Thompson Reuters business has highlighted Sader’s work. In this year’s edition, he is recognized for his work in (1) Bankruptcy: Business; (2) Real Estate: Business; (3) Business Litigation; (4) Creditor Debtor Rights: Business, and (5) Bankruptcy: Consumer. Each year, no more than 5% of the lawyers in the state are selected by the Super Lawyers research team for inclusion on the Super Lawyers list. Super Lawyers is a rating service of outstanding lawyers from more than 70 practice areas who have attained a high degree of peer recognition and professional achievement. The annual selections are made using a patented multiphase process that includes a statewide survey of lawyers, an independent research evaluation of candidates and peer reviews by practice area. The result…
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