Blog

Cannabis: Marijuana Exemplifies that Cash is (Not Always) King

By: Laura Day DelCotto We write often about one of the oldest sayings in the financial restructuring business: “Cash is King.” Without liquidity, all bets are off as to what viable options may exist for going forward. Yet in the cannabis industry, there is a different cash problem: too much

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States in Bankruptcy? Not So Much

The Rarely Used Chapter 9 is Reviewed during Pandemic By: Laura Day DelCotto Mitch McConnell has received much press over a comment he knows to be impossible. States lack the ability to file bankruptcy under the Bankruptcy Code absent a Congressional amendment.  However, in Kentucky, every other type of local

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Personal Bankruptcy During the Covid-19 Pandemic

By: Jamie L. Harris With so many Americans facing unemployment and furloughs, personal bankruptcy for many of those individuals may be inevitable. Individuals who have never had financial issues may find themselves forced into bankruptcy. First, bankruptcy courts are currently open. Hearings are currently being held via teleconference through May here in

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Good Reminder About Repossessions:

No Breaching the Peace By: Laura Day DelCotto I’ve been around a long time and remember some great stories from my baby lawyer days about car, boat and equipment repossessions gone awry…. I thought this was pretty cut and dry, but everything old is new again, and that includes how

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Earth Day 2020:

To New Beginnings and Fresh Starts By: Laura Day DelCotto April 22, 2020 is the 50th Anniversary of the founding of “Earth Day” by the late Wisconsin US Senator Gaylord Nelson. In the middle of this year’s beautiful spring season, take a moment to consider what Senator Nelson had to

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Small Business Reorganization Act: Let the Cases Begin

By: Laura Day DelCotto Bankruptcy Judge Robert Grossman in the Eastern District of New York recently issued one of the first substantive court decisions. This decision was regarding the new Small Business Reorganization Act. This is commonly called the “SBRA”, which became effective on February 19, 2020. The SBRA is

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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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