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Financial distress does not always signal the end of a business. Often, it's a chance to restructure operations and cut unprofitable obligations. For Kentucky business owners dealing with growing debt, bankruptcy can offer a clear way forward that is simply not...
Filing for business bankruptcy does not mean you must lose everything you own. You can protect your home, savings and personal belongings even when your business faces financial trouble. Thus, understanding the right ways to protect yourself can help you keep your...
Merchant Cash Advances (MCA) provide fast cash for struggling businesses that often do not qualify for traditional bank loans. The company receives a lump sum now and pays it back through daily or weekly deductions over a short period of time, often at extremely high...
As a business owner, you spend considerable time and resources protecting your company from external threats. Yet, the most damaging and emotionally difficult type of fraud often comes from a trusted employee, partner or bookkeeper. Discovering that someone you relied...
As it enters its 22nd year of business, Gartland Thacker DelCotto PLLC is honored that three of its attorneys have received prestigious The Best Lawyers in America awards. The firm owner and founder, Laura Day DelCotto, was named Best Lawyers 2026 Bankruptcy Lawyer of...
The current economic climate presents unique challenges and opportunities for small businesses. Understanding these shifts and developing the right strategies are crucial for fostering sustainable growth. Business owners must learn to adapt to remain competitive and...
If your company is struggling, it helps to know that many others have faced the same problems and bounced back. Even in a strong and diverse local economy like Lexington and nearby cities like Pikeville, Ashland, London, and Somerset, good companies can still run into...
Filing for Chapter 11 can help keep a business afloat during tough times. But not every filing gets approved. Some common mistakes or missteps can lead the court to deny your petition. Failure to meet legal requirements Courts expect full compliance with bankruptcy...
As a sole proprietor, the line between personal and business finances often blurs, making financial challenges feel personal. When debts mount, bankruptcy can seem daunting and liberating since it can be a chance to reset and rebuild. But how do you choose between...
Businesses often face disputes that require resolution, but choosing the right method can make a significant difference. Mediation and litigation offer two distinct approaches, each with its own benefits and drawbacks. Understanding these options helps determine the...
