Category Archives: Bankruptcy – Business

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

Neil Sader Provides Insight on Yellow Corp. Bankruptcy Case for Kansas City Business Journal Article

In the aftermath of Yellow Corporation filing for bankruptcy, The Kansas City Business Journal recently interviewed Sader Law Firm Managing Member Neil Sader, who gave his perspective on the key elements to consider in the upcoming proceedings. In the article, titled “4 key issues in Yellow bankruptcy that veteran attorney Sader is tracking,” Sader provides insight into the ripple effect that Yellow Corp. closing its doors will create in the coming months. Yellow Corporation closed its doors in early August with 100,000 creditors owed, $2.15 billion in assets and $2.59 billion in debts. Sader spoke to four main categories related to Yellow Corp.’s bankruptcy: cash collateral, the “stalking horse bid,” the court’s actions, and other ongoing legal action. “The court’s perspective is to try and maximize the estate and do it in a fair and equitable way,” Sader said in part. “The court’s first priority will be to ensure that…
Read More »

Posted in Bankruptcy, Bankruptcy - Business, Business Law | Comments Off on Neil Sader Provides Insight on Yellow Corp. Bankruptcy Case for Kansas City Business Journal Article

Is summer the time to file bankruptcy?

By BRADLEY D. McCORMACK People love to see patterns in life. Whether it be politics, sports or weather, people want to see if they can spot a recurring theme in everything they see. It is no different in law, specifically in bankruptcy. We attorneys get reports almost every week or month reporting if case filings are up or down. People wonder if these patterns are attached to the stock market, the Fed rates, inflation, government stimulus or any number of other possibilities. One factor people like to examine is whether bankruptcy filing patterns can rise or fall determining what time of year it is. Most know the quote “For every time there is a season.” So, is summer the season of bankruptcy? In true lawyer fashion, the answer is yes and no. Consumer debt is cyclical. People tend to incur more debt in the holiday season than any other time…
Read More »

Posted in Bankruptcy, Bankruptcy - Business, Consumer Credit | Comments Off on Is summer the time to file bankruptcy?

Sader Law Firm Managing Member Neil Sader provides insight on commercial bankruptcy uptick in interview with Kansas City Business Journal

The Kansas City Business Journal recently published an article on the factors leading to the uptick in commercial bankruptcy filings. Sader Law Firm Managing Member Neil Sader spoke to a reporter for the article titled “What you need to know as commercial Chapter 11 filings jump.” Sader noted the number of loans, specifically SBA loans, during and post-pandemic as one of the main causes. “As those business loans mature and come due, they can’t get refinanced for anywhere near what the old rates were,” Sader said in part. “So people are looking at whether they can extend their loan at the current rates. Bankruptcy can play a part in that.” Sader also advocated for preparedness for business leaders and taking a proactive approach to early signals of financial distress. “The biggest regret I hear from clients when it comes to bankruptcy is that they didn’t do it sooner,” Sader said….
Read More »

Posted in Bankruptcy, Bankruptcy - Business, Firm News | Comments Off on Sader Law Firm Managing Member Neil Sader provides insight on commercial bankruptcy uptick in interview with Kansas City Business Journal