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If you are struggling with debt in Kentucky and need the space and opportunity to get back on your feet without losing your most valued assets, you can apply for Chapter 11 bankruptcy. Given its manner of working, the process of filing for this bankruptcy is slightly...
Many businesses in Kentucky use Chapter 11 bankruptcy to continue to operate while reorganizing their finances. However, some smaller operations found filing too complex and expensive. To help these businesses, the federal government added Subchapter 5 to the Chapter...
By: Laura Day DelCotto The Philadelphia Inquirer recently reported that the Pennsylvania city of Chester, PA is considering filing bankruptcy “as a way to steer the city toward solid financial footing” in light of an almost $50 million deficit anticipated for 2023....
Kentucky businesses looking to restructure their debts may benefit from filing for Chapter 11 bankruptcy. Chapter 11 bankruptcy may also be an option for individuals who have too much debt to qualify for a Chapter 13 proceeding. Unlike a Chapter 7 case, filing for...
Dean Langdon has been selected by his peers for the 29th Edition of The Best Lawyers in America© in the practice areas of Bankruptcy and Creditor Debtor Rights/Insolvency and Reorganization Law and Litigation – Bankruptcy, for Lexington, Kentucky. For the 29th...
Laura Day DelCotto, founding member of DelCotto Law Group PLLC, with office in Lexington, Kentucky, was selected by her peers for the 29th Edition of The Best Lawyers in America ©. She was selected in the areas of Bankruptcy and Creditor Debtor Rights/Insolvency and...
By: Dean A. Langdon You may have seen publicity about bankruptcy cases where legal fees run into the millions of dollars (or more). But bankruptcy courts have a unique process for paying attorneys that represent debtors, trustee or creditor committees. The attorneys...
Businesses in Kentucky and around the country have options if they run into financial trouble. Recently, a space company filed for Chapter 11 so it could start over. What is Chapter 11 bankruptcy? Chapter 11 is an option available to businesses that are struggling...
By: Laura Day DelCotto We previously wrote about the important uncertainties facing the first couple of crypto bankruptcy filings. Primarily the issues involve whether the “customers” of a crypto platform are asset owners (as they believe and are sold on) or whether...
By: Laura Day DelCotto Now that the lights are coming on in financial markets, there is more chatter and mostly speculation about what would happen in a cryptocurrency corporate bankruptcy. Recent reports on the Coinbase SEC 10-Q filed in May, 2022 have been in the...
