Another Hospital Bankruptcy, More to Follow in 2017

By: Laura Day DelCotto, Esq. At least two hospitals have already filed for bankruptcy protection in 2017, and the year is young.  This follows approximately a dozen filings in 2016 nationwide, some closures and others to complete a sale transaction through the bankruptcy process.     The healthcare sector is in such

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What is the Consumer Financial Protection Bureau (“CFPB”)?

President Obama signed the Dodd-Frank Wall Street Reform and Consumer Protection Act in July 2010, which established the Consumer Financial Protection Bureau (CFPB). In January of 2012, President Barack Obama appointed Rich Cordray to be the first Director of the CFPB. The CFPB writes rules, supervises companies, and enforces federal

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Financial Tips and Reminders for Your Kentucky-Based Small Business

In dealing with many small business clients in my financial restructuring practice in Kentucky, I frequently see a lack of preventive assessment and planning by business owners to address the financial health of their small businesses. Below are a few tips and reminders for your Kentucky-based business. 1) Timely Pay

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