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When financial challenges arise, receivership can be a strategic choice for businesses in Kentucky. This process can stabilize operations and help protect interests without involving the court system. What is receivership? Receivership involves a neutral third party,...
Businesses facing financial troubles do not always need to file for bankruptcy. Several alternatives can help a struggling business get back on its feet. These options can provide relief and a path forward without the heavy consequences of bankruptcy. Here are five...
Bankruptcy is a process that can help your Kentucky business resolve financial problems related to debt and move forward. However, many business owners worry about the negative impact of bankruptcy and how it will affect the business in the future. Many businesses...
Many businesses in Kentucky go through trying times where they must make significant changes to stay afloat. If you find that your business is struggling financially, you may not be aware of your options. Filing Chapter 11 bankruptcy is a route that many business...
is pleased to announce that we have been recognized in the 2024 rankings of the United States Best Law Firms® in the practice areas of Bankruptcy and Creditor Debtor Rights/Insolvency and Reorganization Law and Litigation - Bankruptcy....
As it enters its 20th year of business, DelCotto Law Group is honored that two of its attorneys have received the prestigious “Lawyer of the Year” awards in bankruptcy for 2024 for Lexington, Kentucky. Dean Langdon was named Best Lawyers® 2024 Bankruptcy "Lawyer of...
What a settlement agreement is A settlement agreement is a type of legal contract that concludes a dispute and provides evidence of parties agreeing to material terms – essential and inducing elements of the contract – and conditions resulting from negotiations. It...
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...
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...
Many sports fans in Kentucky and around the country watch professional baseball, basketball and hockey on networks operated by Diamond Sports Group. The broadcaster’s regional networks own the rights to air games played by about half of the Major League Baseball,...
