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CARES ACT Critical Deadline for Small Business Extended On March 26, 2020, Congress passed bipartisan legislation to extend various Covid-19 bankruptcy relief provisions included in the March 2020 CARES Act. The legislation was designed to extend bankruptcy relief to...
Due to the Covid-19 pandemic, some people have erroneously believed that the court systems are completely closed and that you cannot currently file for bankruptcy. Contrary to this misconception, bankruptcy courts are open in Kentucky but court hearings are being held...
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...
By: Laura Day DelCotto As you may know, 3 student loan borrowers joined forces recently to file an involuntary petition against Navient Solutions LLC on February 8, 2021 in the United States Bankruptcy Court for the Southern District of New York. Navient Solutions is...
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 attorneys and paraprofessionals are actively involved in the central Kentucky community. We strive to make central Kentucky a better place to live, work and relax for everyone. On March 1st, Laura Day DelCotto and Jamie Harris are attending the National...
DLG attorneys and paraprofessionals are actively involved in the central Kentucky community. We strive to make central Kentucky a better place to live, work and relax for everyone. On March 1st to March 15th, will be participating in the...
DLG: Most Eastern District Kentucky Filings of Chapter 11 In 2020, Gartland Thacker DelCotto 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...
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...
