Sader Law Firm Blog - Kansas City Bankruptcy Attorney Blog

Sader Law Firm Continues to Earn Best Law Firms Recognition in 2024 Edition of Annual Rankings

Posted on November 6, 2023 by Sader Law Firm

Sader Law Firm, LLC is proud to announce that the firm has secured two practice area rankings in the 2024 edition of the Best Law Firms rankings. For the third straight year, the firm garnered a Kansas City Metropolitan Tier 2 ranking in Bankruptcy Litigation, while debuting in Tier 1 for Bankruptcy and Creditor Debtor Rights/Insolvency and Reorganization Law. To receive a Best Law Firms ranking, a firm must have one attorney recognized in the current edition of Best Lawyers in a “Best Law Firms” practice area. Sader Law Firm Managing Member Neil Sader and Member Brad McCormack were recently honored in the Best Lawyers guide, while associates Christian Taylor, Stephen Krogmeier and Steven Long were named to the “Ones to Watch” list.  

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Borrowers Experiencing Added Financial Stress as Student Loan Payments Resume

Posted on October 25, 2023 by Sader Law Firm

With certain student loan payment requirements set to resume after a nearly four-year pause, the Federal Reserve Bank of New York found this may not result in a significant impact on the economy. However, borrowers have taken on more debt burdens since the COVID-19 pandemic. Despite the relief the government provided during Covid, all this debt combined results in challenges that there may now be additional payments unaccounted for within an individual’s current budget. While most student loan debt is not dischargeable, bankruptcy may provide relief for other debts and eliminate the need to take on more credit card debt or personal loans. This is especially true for those facing any of the circumstances outlined in this recent Yahoo! article that detailed the Fed’s study and other reports related to the economic impact when payments resume for thousands of individuals. The Fed’s study found borrowers would reduce their spending by…
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Small Business Bankruptcies Rising at Fastest Pace Since Pandemic

Posted on October 18, 2023 by Sader Law Firm

Small business bankruptcy filings are increasing, likely a result of the Federal Reserve’s increased interest rates as well as higher operating costs and stricter lending standards. Small-business owners received a decent amount of help during the pandemic through various government programs. However, as many of these programs come to an end, small businesses are feeling the impact in a big way. In a more challenging time to navigate these circumstances, small businesses, by their general nature, operate on thinner profit margins and smaller cash reserves than do larger corporations. According to a report from the Wall Street Journal, this has led many small businesses to file for bankruptcy under Subchapter V, a newer provision in federal bankruptcy code that makes it easier for financially struggling businesses to restructure. Put into effect in February 2020, Congress created Subchapter V, as standard Chapter 11 bankruptcy filings were far more expensive and restrictive…
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