Category Archives: Bankruptcy

Sader Law Firm can help financially troubled individuals and businesses file for Chapter 7, 11 and 13 bankruptcy to erase and restructure debts.

Bankruptcy options available to financially distressed renters with eviction moratorium set to expire this month

The Centers for Disease Control (CDC) recently announced that they were extending the moratorium on evictions for another month to July 31. However, the CDC also announced that this would be the final extension of the moratorium. With the COVID-19 pandemic wreaking havoc on many people’s finances, this is short-term welcome news for tenants who are worried about eviction. However, it is important to know what the moratorium actually means and to plan ahead for when it ends. The words “moratorium” or “ban” can be somewhat misleading, as it makes it seem as if everyone is protected — but really, not everyone is covered and there are steps you need to take to be protected. The CDC has produced a form that you have to fill out and provide to your landlord. If your landlord has filed an eviction suit against you, you should provide a copy of the form…
Read More »

Posted in Bankruptcy, Consumer Credit | Comments Off on Bankruptcy options available to financially distressed renters with eviction moratorium set to expire this month

Michael J. Wambolt Certified in Consumer Bankruptcy Law

The American Board of Certification announced that Michael J. Wambolt, attorney with the The Sader Law Firm, in Kansas City, Missouri has successfully completed the requirements for national certification in Consumer Bankruptcy Law. To become certified, Mr. Wambolt, satisfied the following requirements: Full time practice of law for at least five years; Good standing in the bars of all states in where a license to practice law is held; Devoted at least 30% of practice time and at least 400 hours to bankruptcy related matters in the last three years; Documented involvement in consumer bankruptcy by providing information on cases practiced; Demonstrated commitment to continuing legal education by earning at least 60 hours of bankruptcy education in the past three years. Passed an extensive, day-long written examination covering consumer bankruptcy issues. The American Board of Certification (ABC) is a non-profit organization dedicated to serving the public and improving the quality…
Read More »

Posted in Bankruptcy | Tagged , | Comments Off on Michael J. Wambolt Certified in Consumer Bankruptcy Law

Could the Coronavirus Pandemic Lead to More Bankruptcies?

Life is changing for billions of people across the globe as coronavirus (SARS-CoV-2) continues to spread. Here in the United States, there is uncertainty over how a possible shutdown could affect businesses and consumers. In Italy, where authorities are testing thousands of cases each day, most businesses are shut down. An “Italy-style shutdown” is underway in parts of the United States. California recently ordered its residents to stay indoors, with some exceptions. Depending on how the crisis unfolds, recent events could spark numerous personal and business bankruptcies. How Could the Coronavirus Pandemic Affect Families and Individuals? Medical debt is a factor in some bankruptcy cases. For people with chronic health conditions, or those who suffer a serious injury, they could face unaffordable medical bills. People in this situation are likely to have problems paying their other debts. The same could be true by the time the dust settles on the…
Read More »

Posted in Bankruptcy | Tagged , , , , , | Comments Off on Could the Coronavirus Pandemic Lead to More Bankruptcies?