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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...
DelCotto Law Group PLLC is pleased to announce that we have been recognized in the 2025 rankings of the United States Best Law Firms® as a Tier 1 firm in the practice areas of Bankruptcy and Creditor Debtor Rights/Insolvency and Reorganization Law, Litigation –...
A broken contract can put a business in a precarious situation. Financial losses, project delays, and damaged relationships can result when one party fails to do what they promised. However, Kentucky law offers several options for the non-breaching party to protect...
As it enters its 21st 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 2025 for Lexington, Kentucky. Dean Langdon was named Best Lawyers® 2025 Bankruptcy "Lawyer of...
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...
