Innovative And Sensible Strategies For
DelCotto Law Group PLLC is a top-rated law firm providing businesses and individuals with innovative and individualized strategies for approaching bankruptcy and business law matters.
Our Top Priority Is Helping Clients In Difficult Circumstances
We are a team of attorneys and paraprofessionals who deeply care about our community. Collectively, we bring over 100 years of experience to our business and individual clients. Our lawyers have extensive experience mediating, negotiating, and when necessary, litigating in federal district and bankruptcy courts as well as in state courts throughout Kentucky.
We purposely limit our caseload so each of our clients receive our full attention for resolving their financial difficulty and achieving their goals.
Read More About The Firm’s Practice Areas
Business Services
Bankruptcy, litigation, receivership, assignment for benefit of creditors, and committees
Industries We Serve
A wide spectrum of industries from manufacturing and retail to nonprofit organizations
Individual Services
Bankruptcy, discharge or collections violations, credit report errors, mediation, and litigation
Mediation
Offering legal advice and third-party neutrals for business entities and individuals
Debt Restructuring/Workouts
Streamlining communication and complex strategies for business entities and individuals
Identifying and answering questions frequently asked regarding bankruptcy in Kentucky
Identifying And Assessing All Viable Strategies
Bankruptcy laws are complex and are subject to constant legislative updates and changes in case law. Filing for one of the various chapters of bankruptcy is not for everyone. It is essential to seek the assistance of a knowledgeable bankruptcy attorney who will explore all viable strategies to address your financial difficulties. At DelCotto Law Group PLLC, we tailor our legal counsel, strategies and representation to meet the individual legal needs of our clients.
We have experience serving Kentucky’s vast industries including coal, oil and gas, equine, golf and country clubs, health care, manufacturing, trucking, farms, retail, restaurants, dealerships and nonprofit organizations.
Kentucky’s Trusted Resource For Leading Edge Financial Solutions
Client Testimonials
Time Is Of The Essence
Facing financial challenges will not go away by ignoring them. Bankruptcy is a process that takes time, but it may not be your only option. The sooner you take control of your circumstances, the sooner you can create a plan to achieving your goals. Our team is here to help you. If you are considering bankruptcy, or are contending with collections or discharge violations, credit reporting errors, or have other business law issues in Kentucky, DelCotto Law Group PLLC is the law firm to contact first. Call 859-309-4653 or send us an email.
Case Results
$4.1 Million Jury Verdict
Won a $4 Million Jury Verdict, for our client in the 2012 case, Asher Land and Mineral v. Nami Resources Company. The case involved claims for underpayment of gas well royalties, fraud, negligent misrepresentation and breach of contract. A jury verdict totaling $4,106,088 was entered March 15, 2012. It is the second largest verdict ever in the Bell Circuit Court, Pineville, Kentucky, and included a $2.6 million punitive damages award (the largest punitive award ever in Bell Circuit Court). The punitive damage award was reversed and vacated by the Supreme Court of Kentucky in Nami Resources Co., LLC v. Asher Land and Mineral, Ltd., 554 S.W.3d 323 (Ky. 2018).
Successful Asset Sale in an Assignment for the Benefit of Creditors’ Proceeding
Negotiated transaction documents for our client, Optical Dynamics Corporation, with regard to the sale of $1.4 million of its assets in its assignment for the benefit of creditors’ proceeding in Louisville, Kentucky.
Recovered 100% of Assets
Successfully recovered 100% of overriding coal royalties due to our client and 90% of its legal fees, costs and expenses in bringing the enforcement action in a multi-million dollar adversary proceeding in the Chapter 11 coal company case, which is one of the largest reorganization cases ever filed in the Eastern District of Kentucky. The case settled before trial.
Stopped Huge Payout
We Are A Caring Team
- Attorney
Laura Day DelCotto
- Attorney
Michael J. Gartland
- Attorney
Dean A. Langdon
- Attorney
Our Blog
The current state of commercial bankruptcies
The first quarter of 2023 saw all forms of commercial bankruptcies increase. Filings reaching 5,733 were significantly more than the 4,808 business bankruptcies during the previous year's first quarter. Even more alarming is the 77 percent increase in Chapter 11...
REJECTED How does debtor-in possession financing work?
Debtor-in-possession financing can be a lifeline to struggling companies in Kentucky who are trying to remain solvent. Also known as DIP, this method can help your company avoid an impossible financial situation when it loses its means of traditional financing or...
Restructure helpful when debt exceeds $5 million
You no doubt worked long and hard to build your Kentucky business from the ground up. Whether you sell a specific product or provide a service, if you’ve been in business for several years or more, you’ve likely encountered financial challenges at some point. Most...
Dispelling myths and fear surrounding bankruptcy, the team at DelCotto Law Group PLLC focuses on solutions to keep your business viable
