Bed Bath & Beyond operates hundreds of retail stores in Kentucky and across the country, but they have an uncertain future. Brick-and-mortar retailers have faced several challenges in recent years, but the most damaging has been the surging popularity of online...
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Bankruptcy
Responsibilities of a Chapter 11 trustee in Kentucky
If your business is facing financial troubles and you're thinking about Chapter 11 bankruptcy in Kentucky, you'll need to appoint a trustee. This individual will be responsible for overseeing the bankruptcy proceedings and ensuring that they are carried out in...
How Chapter 11 bankruptcy works in Kentucky
If you are struggling with debt in Kentucky and need the space and opportunity to get back on your feet without losing your most valued assets, you can apply for Chapter 11 bankruptcy. Given its manner of working, the process of filing for this bankruptcy is slightly...
How small businesses can benefit from Subchapter 5
Many businesses in Kentucky use Chapter 11 bankruptcy to continue to operate while reorganizing their finances. However, some smaller operations found filing too complex and expensive. To help these businesses, the federal government added Subchapter 5 to the Chapter...
Chapter 9 Filings: Are We About to See an Uptick?
By: Laura Day DelCotto The Philadelphia Inquirer recently reported that the Pennsylvania city of Chester, PA is considering filing bankruptcy “as a way to steer the city toward solid financial footing” in light of an almost $50 million deficit anticipated for 2023....
Jamie L. Harris Named to the 2023 Best Lawyers in America© List
Attorney Jamie L. Harris, of DelCotto Law Group PLLC was selected by her peers for the 29th Edition of The Best Lawyers in America ©. She was selected in the areas of Bankruptcy and Creditor Debtor Rights/Insolvency and Reorganization Law and Litigation – Bankruptcy,...
Dean A. Langdon Named to the 2023 Best Lawyers in America© List
Dean Langdon has been selected by his peers for the 29th Edition of The Best Lawyers in America© in the practice areas of Bankruptcy and Creditor Debtor Rights/Insolvency and Reorganization Law and Litigation – Bankruptcy, for Lexington, Kentucky. For the 29th...
Laura Day DelCotto Named to the 2023 Best Lawyers in America© List
Laura Day DelCotto, founding member of DelCotto Law Group PLLC, with offices in Lexington and Louisville, Kentucky, was selected by her peers for the 29th Edition of The Best Lawyers in America ©. She was selected in the areas of Bankruptcy and Creditor Debtor...
Risks of Practicing in Bankruptcy Court
By: Dean A. Langdon You may have seen publicity about bankruptcy cases where legal fees run into the millions of dollars (or more). But bankruptcy courts have a unique process for paying attorneys that represent debtors, trustee or creditor committees. The attorneys...
Space company files for Chapter 11
Businesses in Kentucky and around the country have options if they run into financial trouble. Recently, a space company filed for Chapter 11 so it could start over. What is Chapter 11 bankruptcy? Chapter 11 is an option available to businesses that are struggling...