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At Least One Reason to Say No/Pay With Reservation By: Laura Day DelCotto We deal every day with borrowers who are behind in their monthly payments. Most often, we work with borrowers to attempt to restructure their payments. This would be done outside of any court...
Small Businesses will Benefit from the Chapter 11 Provisions Update 3/29/2021: This provision has been extended to June 2022. New legislation to extend an important provision to the CARES Act was just introduced. Should it be passed, the Subchapter V bankruptcy...
DLG: Most Eastern District Kentucky Filings of Chapter 11 In 2020, DelCotto Law Group PLLC filed more chapter 11 bankruptcy cases in the Eastern District of Kentucky than any other firm. [1] Additionally, the firm filed 45% of small business cases in 2020 in the...
No Standing to Appeal in Coal Act Case By: Laura Day DelCotto Chief Bankruptcy Appellate Panel (“BAP”) Judge Tracey N. Wise recently authored an opinion reviewing some of the issues involved in appeals from bankruptcy court rulings. While not really new law, it is a...
By: Laura Day DelCotto So many unnecessary issues that make this Debtor in Possession look so bad. A great case study in how not to land in front of a bankruptcy judge. First, how does an entity that is headquartered in Fairfax, VA and incorporated in New York “forum...
By: Laura Day DelCotto Sitting in the Zoom audience at the UK Gatton Conference, I listen to Kevin Kliesen with the Federal Reserve Bank of St. Louis first acknowledge the difficulties in attempting to forecast our economic future. While “uncertainty remains high,”...
March Expiration Deadline Demands Attention from Small Businesses By: Dean A. Langdon Update 3/27/2021: This provision has been extended to June 2022. Subchapter V of Chapter 11 is a condensed, less expensive option for small businesses (and small business owners) to...
Exploring Options Other than Bankruptcy When your business is struggling, you may want to speak with an attorney to discuss options such as financial workouts. In this short video, Dean A. Langdon discusses why it’s important to explore your options with an attorney...
By: Laura Day DelCotto In my final blog of 2020, I mused on take-aways about “dumb things” management does when succumbing to financial distress fears. And I will say, the so-called “dumb” things are really about emotional intelligence and how stress affects each of...
Attorney Laura Day DelCotto discusses essential information about the new bankruptcy law on Good Day Kentucky Update 3/29/2021: This provision has been extended to June 2022. About DelCotto Law Group DelCotto Law Group is Kentucky’s asset protection law firm known for...
