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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...
A unanimous ruling by the United States Supreme Court in early June could have significant implications for Kentucky companies that will soon file for commercial bankruptcy. Although the ruling called the vast discrepancy in bankruptcy fees unconstitutional, the...
By: Laura Day DelCotto There have been approximately 30 Catholic Diocese chapter 11 bankruptcy cases spread all over the US and also in Guam, an unincorporated US territory in the Western Pacific. What Assets Can Pay Victims? The major issue in most all these...
As the Covid-19 pandemic had significant impact on hospitals and other health care institutions that led to equipment and staffing shortages and declining revenues, we are likely to see a rise in chapter 11 bankruptcies for health care businesses. There are several...
