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By: Laura Day DelCotto The American Hospital Association recently reported some statistics that we observe in our practice here in Kentucky. Nationwide, hospitals have been closing at the rate of about 30 per year. Bankruptcy tracking statistics mirror the AHA...
By: Jamie Harris For many small business owners of distressed companies, Chapter 7 bankruptcy may provide some necessary relief. In evaluating whether your company could benefit from Chapter 7, the first issue is whether you want to continue to operate your...
By: Jamie Harris When most individuals find themselves drowning in debt, one of the first options they may consider is personal bankruptcy relief. However, bankruptcy is not always the best option. Individuals may lose significant property in bankruptcy or not be...
By: Dean Langdon As a business owner, you probably know you can be personally liable if federal employment taxes aren’t paid. But just being a business owner doesn’t mean you are automatically responsible. For federal withholding taxes you must be a person who is...
By: Dean Langdon Farming is tough, and family farmers are dealing with several years of low prices and weather-related issues. As we head into planting season, family farmers should be aware that Chapter 12 may help them reorganize and have a brighter future. On March...
By: Laura Day DelCotto The litigation process is a “public” procedure, all set forth in an official court record which can be accessed by the public. Sometimes, one (or both) of the parties want to file papers, but keep them confidential and not open to public view. ...
By: Laura Day DelCotto Chapter 9 municipal bankruptcies remain rare in comparison to all other types of bankruptcy filings. There are still less than 500 total cases nationwide since the 1930s when chapter 9 was enacted. While public finance and the municipal bond...
By: Dean Langdon Recoupment allows one party (Party A) to a contract to keep payments that are due to the other party (Party B) when Party B owes money to Party A at the same time. There must be an over-payment by one party, and the competing claims must arise from a...
