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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Sader Law Firm is pleased to announce that Managing Member Neil Sader and Member Brad McCormack were honored in the 2023 Best Lawyers in America, a leading U.S. News & World Report-sponsored peer review guide honoring attorneys. Sader and McCormack totaled three honors on behalf of the firm. Sader claimed honors for Litigation – Bankruptcy for a third straight year and Creditor Debtor Rights/Insolvency and Reorganization for a first time. McCormack was recognized for Creditor Debtor Rights/Insolvency and Reorganization. It’s his first Best Lawyers honor. Best Lawyers’ methodology is “designed to capture, as accurately as possible, the consensus opinion of leading lawyers about the professional abilities of their colleagues within the same geographical area and legal practice area.” A person receives recognition from Best Lawyers for his or her talent in the legal industry within specific practice areas, and all recognition is based on peer review. Since 1984, Sader has…
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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.
*Credit card payments will not be accepted for bankruptcy cases, unless pre-approved by The Sader Law Firm. If you have a question about a credit card payment, please call our Office Manager at (816) 561 1818.
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