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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,...
Chapter 12 of the United States Bankruptcy Code, in its design, helps family farmers in Kentucky who are facing financial hardship. It allows them to restructure their debt in a way that helps them keep their farm or fishing operation while they get back on their...
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...
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...
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...
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...
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....
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...
