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By: Laura Day DelCotto I learn something new every day, so it keeps this life fun. Somehow, I don’t remember ever specifically focusing on 11 USC §511 in all these years of confirming plans. With interest rates moving so often this year (and in the wrong direction...
By: Laura Day DelCotto The WSJ headline about the recent USA Gymnastics’ filing is spot on. At first blush, when anyone with multiple lawsuits files bankruptcy, there seems to be a rush to judgment that the debtor is seeking to evade and avoid litigants. The filing...
By: Laura Day DelCotto Stanley Druckenmiller has been widely quoted recently for his predictions at the NYC Grant’s Investment Conference of looming insolvencies and bankruptcies to be filed by any number of zombie companies: “Seriously, does anyone know why Sears is...
By: Laura Day DelCotto The vast majority of Chapter 11 bankruptcy filings are by businesses: LLCs, closely held corporations, and large public company filings. We read about them almost daily in the news. This is how we have come to mostly think about Chapter 11 in...
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: 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 This is one of the best ideas I have seen in quite some time, so I want to share. Here’s hoping more employers will find their own creative ways to jump on the bandwagon, and more employees will brainstorm some similar concepts and ask for...
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...
