Binder and Binder is a well-known law firm that specializes in Social Security Disability cases. Founded by brothers Charles and Harry Binder, the firm gained a reputation for helping individuals navigate the complex process of obtaining Social Security Disability benefits. Over the years, Binder and Binder expanded its operations and became one of the largest Social Security Disability advocacy groups in the United States.
Is Binder and Binder still in business? Binder and Binder is no longer in business. The firm filed for Chapter 11 bankruptcy in 2014 due to financial difficulties. Despite their extensive advertising and large client base, the firm struggled with debt and operational costs, leading to their decision to seek bankruptcy protection. Following the bankruptcy proceedings, Binder and Binder ceased operations, and their cases were transferred to other law firms or handled by other legal professionals.
The Rise of Binder and Binder
Binder and Binder initially gained prominence through aggressive advertising campaigns and a focus on helping clients secure Social Security Disability benefits. Their approach included a no-fee-unless-you-win policy, which attracted many clients who were unable to afford upfront legal costs. The firm’s success was driven by its ability to handle a high volume of cases and secure favorable outcomes for many of its clients.
At its peak, Binder and Binder employed hundreds of advocates and attorneys across the country. The firm’s extensive advertising on television, radio, and online platforms helped to build its brand and attract a steady stream of clients seeking assistance with their disability claims.
Challenges and Bankruptcy
Despite its initial success, Binder and Binder faced significant financial challenges in the years leading up to its bankruptcy filing. The firm struggled with high operational costs, including advertising expenses and salaries for its large staff. Additionally, changes in Social Security Administration regulations and increased scrutiny of disability claims added to the firm’s difficulties.
In December 2014, Binder and Binder filed for Chapter 11 bankruptcy protection, citing debts of over $50 million. The bankruptcy proceedings allowed the firm to restructure its debts and attempt to continue operations. However, the financial strain proved too great, and Binder and Binder ultimately ceased operations.
Today, former clients of Binder and Binder may seek assistance from other law firms or advocacy groups specializing in Social Security Disability cases. While Binder and Binder is no longer in business, the firm’s legacy remains as a reminder of the challenges and complexities involved in the field of Social Security Disability law.