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...
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Take-Aways From the UK Gatton 32nd Economic Outlook Conference February 3, 2021
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,”...
Subchapter V and Chapter 11 Bankruptcy
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...
Options for Struggling Businesses
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...
Recovering Property in a Bankruptcy
New Supreme Court Ruling on Debtor’s Property and Automatic Stays in Chapter 13 By: Dean A. Langdon Having a vehicle repossessed is sure to disrupt your life. One way to recover a repossessed vehicle has been to file a Chapter 13 bankruptcy. Once filed you can demand...
Financial Distress: Further Reflections
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...
COVID-19 Economic Relief Bill
Last Minute Passage of Essential Economic Aid Congress passed the $900 billion COVID-relief bill which was signed by President Trump on December 27, 2020. The relief package includes direct payments to Americans, extended unemployment benefits, and aid to small...
Change in Chapter 11 Bankruptcy Law is an Opportunity for Small Businesses
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...
Learn from Others: Lessons for Distressed Companies
By: Laura Day DelCotto As the year winds down, I attended a panel discussion entitled “Dumbest Things Companies Do in Distress.” The panelists were long-time experienced attorneys, bankers, and turn-around consultants. It’s going to be interesting (and maybe scary) to...
Restaurant Grants Available for Limited Time in Kentucky
KY Assistance During the Pandemic With the Covid-19 pandemic, restaurant owners have faced serious challenges in trying to keep their establishments open and pay employees. Governor Andy Beshear recently required closure of indoor dining facilities for bars and...