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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...
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...
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...
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...
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 is Kentucky’s asset...
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...
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...
Options when Lawsuits and Collections hit for Student Loans By: Heather M. Thacker Everyone knows the general rule ― student loans do not go away, even in bankruptcy. But, there are some exceptions that you should consider. 1. Chain of Title Student loans are...
By: Laura Day DelCotto The Sixth Circuit Court of Appeals recently issued a decision discussing deadlines for appeals from Bankruptcy Court. The case helps create a growing split among the circuits. This could take us all back to the (newly changed) Supreme Court, and...
