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Throughout Kentucky, some people earn a living working for companies in the technology industry. Unfortunately, inflation and other economic concerns have left the tech sector in shambles. As companies begin creating harsher outlooks for their financial futures,...
If you have received a 60-day notice from the Small Business Administration (the “SBA”) that your debt will be submitted to the Department of Treasury for collection, you want to take quick action to resolve your liability with the SBA. Once this has been turned over...
A unanimous ruling by the United States Supreme Court in early June could have significant implications for Kentucky companies that will soon file for commercial bankruptcy. Although the ruling called the vast discrepancy in bankruptcy fees unconstitutional, the...
By: Laura Day DelCotto There have been approximately 30 Catholic Diocese chapter 11 bankruptcy cases spread all over the US and also in Guam, an unincorporated US territory in the Western Pacific. What Assets Can Pay Victims? The major issue in most all these...
As the Covid-19 pandemic had significant impact on hospitals and other health care institutions that led to equipment and staffing shortages and declining revenues, we are likely to see a rise in chapter 11 bankruptcies for health care businesses. There are several...
By: Laura Day DelCotto So, we know from our long experience here that bankruptcy sales can get very messy. The Seventh Circuit’s recent 5 page opinion makes it clear that the one who needs to care the most is often the buyer. Notice of Sale is a Basic Right In...
By: Dean A. Langdon Our court system is highly developed to help resolve disputes and maintain the rule of law in our society. But participating in the legal system can be expensive, complicated and lengthy. Mediation is an alternative method for resolving disputes...
It's critical for your business in Kentucky to stay afloat, but if you are having trouble making your business loan payments, you shouldn't panic. Instead, work out a payment plan with your lender to keep your company running. Here are some options that may be...
By: Laura Day DelCotto The primary goal of filing bankruptcy is commonly understood to be the receipt of a discharge of debt, and having a “fresh start” in life. There are probably thousands of cases that state this legal proposition, including Supreme Court cases...
Per Bankruptcy Code section 104, the dollar amounts in the Bankruptcy Code are adjusted every three years to account for inflation. The next increase will take effect April 1, 2022 and include increases for the debt limits to chapter 12 and chapter 13 bankruptcy...
