Binder & Binder Bankruptcy Shows Why Florida Residents Should Hire a Local Social Security Disability Firm That Provides Representation by Experienced Lawyers
Binder & Binder, a Long Island-based Social Security disability firm that many recognize from late-night television commercials with brothers Harry and Charles Binder sporting 10-gallon hats, filed for Chapter 11 bankruptcy protection on December 18, 2014.
According to court filings and other sources, the firm ran into serious financial problems when the federal government tightened up its disability benefits eligibility standards, which affected the firm’s cash flow. The firm currently owes its creditors approximately $50 million, as indicated by court papers filed with the U.S. Bankruptcy Court for the Southern District of New York.