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Debts Which Survive Bankruptcy

“Willful and Malicious Injuries” By: Dean A. Langdon When an individual completes a bankruptcy they get a discharge – a court order that permanently stops creditors from collecting debts. Not all debts are included in a discharge, such as child support, most taxes and most student loans. Other debts which

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Essential Tips for Businesses During the Coronavirus Pandemic

Business To-Do List in This Time of Crisis By: Laura Day DelCotto I recently attended a national panel discussion on the outlooks for COVID-19 in the private equity and M&A space. The present uncertainties make it difficult to make any predictions. There is tremendous market volatility, with some industries being

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The Financial Impact of COVID-19

By: Jamie L. Harris As the United States faces the global pandemic of the Covid-19 virus, we are seeing the effects everywhere. The stock market continues to decline, oil prices remain depressed, all major sports have been canceled, large plants and factories have temporarily closed and many nonessential businesses have

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DLG’s COVID-19 Response

This is an unprecedented time in history. Many of us are struggling with uncertainty and the need for answers, and DelCotto Law Group wants you to know that we are here to help. Your need for legal services may be greater now than ever before. We would like to assure

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March Community Events Spotlight

DLG attorneys and paraprofessionals are actively involved in the central Kentucky community.  We strive to make central Kentucky a better place to live, work and relax for everyone. On Thursday, March 5th from 5:30 to 8:00p.m., DelCotto Law Group will be sponsoring the NAWBO Epic Awards. The awards will be

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Chapter 11 SBRA Provisions

Debtors Can Elect to Use the SBRA Provisions Even if the Case Was Pending Before Effective Date By: Dean A. Langdon On February 19, 2020 the Small Business Reorganization Act (SBRA) became effective, providing a streamlined, simpler Chapter 11 bankruptcy process for companies or individuals who have less than $2,726,625

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Insider Transactions in Bankruptcy

By: Jamie L. Harris When small business owners file for chapter 11 bankruptcy, seldom do they reflect on the impact of bankruptcy on affiliated entities. In bankruptcy, insider[1] transactions are subject to heightened scrutiny. It is not uncommon to have a debtor that operates a business that leases property or equipment

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The National Chapter 13 Bankruptcy Plan Form

In Re Donnadio By: Dean A. Langdon The key focus in a Chapter 13 bankruptcy is the plan, because it determines how creditors will be treated during the case. Historically, each bankruptcy district had its own version of a plan, and provisions for treatment of creditors varied from district to

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What Accountants Need to Know About Chapter 11 Bankruptcy

By: Jamie L. Harris If you are an accountant today, you will more likely than not have a corporate client at some point that is in a Chapter 11 bankruptcy proceeding. The role of an accountant in Chapter 11 proceedings is vital. It is important to know that as an accountant

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Recovering Garnished Wages in Bankruptcy

By: Heather G. Pennington Not only will filing bankruptcy immediately stop a creditor from continuing to garnish your paycheck—in some cases bankruptcy will actually allow you to get some of your money back! If a creditor has garnished more than $600 from a debtor in the 90 days before a

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