Category Archives: Bankruptcy – Business

The Sader Law Firm can help businesses file for Chapter 7 and 11 bankruptcy to restructure and erase debts.

McCormack earns recertification as Business Bankruptcy Specialist

Sader Law Firm is pleased to announce that partner Bradley D. McCormack recently received recertification as a Business Bankruptcy Specialist from the American Board of Certification (ABC) Standards Committee. He will now be certified through 2026. ABC offers separate certification programs in business bankruptcy, consumer bankruptcy and creditors’ rights law. The certification is designed to recognize lawyers who have met discrete, rigorous and objective standards. Brad joined The Sader Law Firm in 2007, and he currently focuses his private practice on bankruptcy, including Chapter 11 bankruptcy, as well as commercial real estate and commercial litigation. He has extensive litigation experience in state and federal courts and also handles debtor and creditor issues in Kansas and both the Western and Eastern Districts of Missouri.

Posted in Bankruptcy, Bankruptcy - Business, Firm News | Comments Off on McCormack earns recertification as Business Bankruptcy Specialist

Potential changes on the horizon for bankruptcy eligibility

By BRADLEY D. McCORMACK A common question many people ask when contemplating bankruptcy is: “Do I have too much or too little of debt to file?” As a general rule, there are no debt limits that prevent a filing; you can always file for bankruptcy.  The question is which type of bankruptcy do you qualify for because there are limits for specific versions of bankruptcy.  As it stands now, the limits are: Chapter 7 (individual/company liquidation) – No limits Chapter 13 (personal reorganization) – $1,257,850 in secured debt, $419,275 in unsecured debt Chapter 11 (corporate reorganization) – No limits Subchapter V Chapter 11 (Small Business Reorganization Act – $7.5 million) The only recent change to the limits affected the Subchapter V Small Business cases. When first addressing bankruptcy and the COVID-19 Pandemic in March of 2020, Congress increased the Subchapter V debt limit from $2.7 million to $7.5 million through…
Read More »

Posted in Bankruptcy, Bankruptcy - Business, Consumer Credit | Comments Off on Potential changes on the horizon for bankruptcy eligibility

Neil Sader recognized in Missouri/Kansas Super Lawyers for 16th consecutive year

The Sader Law Firm would like to congratulate Managing Member Neil Sader on earning in Missouri/Kansas Super Lawyers for a 16th consecutive year. He is recognized for his work in (1) Bankruptcy: Business; (2) Real Estate: Business; (3) Business Litigation; and, (4) Creditor Debtor Rights: Business. 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, a Thomson Reuters business, 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 is a credible, comprehensive, and diverse listing of exceptional attorneys. The Super Lawyers lists are…
Read More »

Posted in Bankruptcy, Bankruptcy - Business, Firm News | Comments Off on Neil Sader recognized in Missouri/Kansas Super Lawyers for 16th consecutive year