As 2025 begins, bankruptcy professionals are taking a look at the issues they predict will be most prevalent in the new year. There are mixed opinions on whether filings for bankruptcy will trend up or down, but there is more certainty from professionals that there will not be a final decision on what claims releases can be included in bankruptcy filings. According to an article from Law360, many bankruptcy professionals could see cases either rising or falling in 2025, with several thinking that the consequences of the COVID-19 pandemic still have an impact on businesses. Many companies took out loans in 2020 and 2021 in an attempt to survive the pandemic. However, the maturity dates on these loans are now looming, and businesses may begin to feel the impact. There are professionals who think these companies still have time before they have to face any challenges. In the article from…
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Sader Law Firm is proud to announce that the firm has secured two practice area rankings in the 2025 edition of Best Law Firms. For the fourth straight year, the firm garnered a Kansas City Metropolitan Tier 2 ranking in Bankruptcy Litigation, and received a Tier 2 ranking in Bankruptcy and Creditor Debtor Rights/Insolvency and Reorganization Law as well. To receive a Best Law Firms ranking, a firm must have one attorney recognized in the current edition of Best Lawyers in a “Best Law Firms” practice area. Sader Law Firm Managing Member Neil Sader and Member Brad McCormack were recently honored in the Best Lawyers guide, and associate Stephen Krogmeier was named to the “Ones to Watch” list.
Recent bankruptcy cases are highlighting the harsh impact that merchant cash advance (MCA) lenders are having on small businesses and their owners. Lenders of these MCAs are being cast as usurious short-term loans that are negatively affecting small businesses that are desperate to make ends meet. Debtors and trustees have been fighting the lenders who are behind MCAs that small businesses are receiving, claiming them to be short-term loans at illegal and unreasonably high interest rates. Since these businesses are often trying to stay afloat, they are likely to do whatever it takes to remain in business, even if it means taking on loans with unreasonably high interest rates, which are often illegal. MCA lenders are now getting attention from the U.S. Securities and Exchange Commission for their practices as well as from various state attorneys general for their high interest rates. However, in a report from Law360, Joe Luzinski…
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