Sader Law Firm Managing Member Neil Sader and Member Brad McCormack were recently featured in two local Kansas City news outlets, providing insight into Kansas City Chiefs wide receiver Rashee Rice’s recent bankruptcy filing.
On November 4, 2026, Rashee Rice filed for Chapter 7 bankruptcy in Texas. While not involved in the case, both Members were able to share information about what the bankruptcy filing means and how the matter might play out.
On Thursday, November 5, McCormack called into local Kansas City sports radio talk show The Drive with Carrington Harris as the bankruptcy filing was discussed on the show to share professional insights. He shared what the Chapter 7 filing means for Rice and what the next steps are in the matter and provided explanations related to the differences in each Chapter filing.
You can view Brad’s entire segment on X here (3:09:38-3:14:38).
Sader was featured in an article from the Kansas City Business Journal about the matter. He provided feedback on how creditors may claim Rice caused them “willful and malicious injury,” resulting in debts not being discharged.
“It’s got to be both willful and malicious, and the burden of proof is on the creditor,” says Sader in the article by James Dornbrook. “Court dockets are busy. Judges in bankruptcy may only have one or two days a month to hear motions like this. An adversary proceeding like that might take a year to decide, and then it could get appealed.”
You can read the entire article here.
Sader Law Firm, LLC operates as a full-service bankruptcy firm for businesses and individuals looking for high-quality and cost-efficient bankruptcy services throughout Western Missouri and Kansas. Its lawyers have experience in all aspects of both debtor and creditor issues. If you have questions about how filing for bankruptcy might be the right option for you, contact us at (816) 561-1818 for a free phone consultation and to learn more.