Category Archives: Business Law

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…
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