Category Archives: Bankruptcy
The widespread economic impact of the COVID-19 pandemic has affected both individuals and families who have fallen behind on rent, as well as landlords who rely on rental income to meet their own expenses. As federal and state eviction moratoria expire, millions of American households could face displacement from their homes in the coming months. This could potentially spur an increase in bankruptcy filings. Through funding from the Department of the Treasury’s Emergency Rental Assistance (ERA) program, there are a wide variety of state, territorial, tribal, and local government programs that have been tailored to address the special needs of communities during these difficult times. The U.S. Trustee Program (USTP) has partnered with the Treasury Department to help raise awareness about ERA in the hopes of helping individuals to avoid bankruptcy altogether or, at a minimum, better position debtors to exit bankruptcy successfully. To assist in this effort and ensure…
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If you were to ask a person on the street about bankruptcy, one of the most well-known rules is “you cannot discharge student loans.” In 2005, the Bankruptcy Code was amended under a law called the Bankruptcy Abuse Prevention and Consumer Protection Act (BAPCPA). In that law, student loan debt was categorized as non-dischargeable under federal statute. The only silver lining for individuals hoping to discharge student loans was that the section said the loans could not be discharged “unless it would impose an undue hardship.” Like many laws written by Congress, this language was left for Courts to interpret. Some courts have been favorable to students and have discharged student loan debt in certain circumstances; some have not. The one unifying factor for all courts has been that if you want to attempt to discharge your student loans, it will take time and money and there are no guarantees….
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The Sader Law Firm would like to congratulate Managing Member Neil Sader on earning repeat honors in the 2022 Edition of The Best Lawyers in America, a leading U.S. News & World Report-sponsored peer review guide honoring attorneys. He is recognized as a leading Litigation – Bankruptcy practitioner in Kansas City, Missouri. Recognition by Best Lawyers is based entirely on peer review. The organization’s 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. Since 1984, Neil has litigated a wide variety of business- and bankruptcy-related matters throughout state, federal and bankruptcy courts in Missouri and Kansas. He takes pride in how he and The Sader Law Firm have built a…
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