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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...
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...
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...
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...
By: Laura Day DelCotto Now that the lights are coming on in financial markets, there is more chatter and mostly speculation about what would happen in a cryptocurrency corporate bankruptcy. Recent reports on the Coinbase SEC 10-Q filed in May, 2022 have been in the...
In the business world, money is king. You need to have a steady cash flow for your company in Kentucky to survive, regardless of your circumstance. But here's the tricky part: when your business is in debt, it will need even more money to run its daily operation and...
Throughout Kentucky, some people earn a living working for companies in the technology industry. Unfortunately, inflation and other economic concerns have left the tech sector in shambles. As companies begin creating harsher outlooks for their financial futures,...
If you have received a 60-day notice from the Small Business Administration (the “SBA”) that your debt will be submitted to the Department of Treasury for collection, you want to take quick action to resolve your liability with the SBA. Once this has been turned over...
