Fiscal Distress in Kentucky Counties: What’s Next?

Laura Day DelCotto ©2017 The 2016 US Census Report was sourced in the recent Lexington Herald- Leader article, reporting that Kentucky has the distinction of containing about 30% of the Top 30 poorest counties in the United States.   This really shouldn’t come as any surprise to anyone who keeps up

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Avoiding Debt During the Holidays

By: Stephanie Dewitt It’s sometimes hard to shake the feeling of giving at the holidays. After all, ‘tis better to give than receive, right? Here are some tips to consider implementing in order to avoid accruing debt during the holiday season: 1. Start saving now for next year Whether you

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Healthcare Bankruptcies More Than Triple in 2017

By: Laura Day DelCotto Becker’s Hospital Review quoted the November 28, 2017 Bloomberg article indicating that hospitals, specialty medical providers, and other healthcare-related companies are experiencing increased financial distress for a number of reasons.   Ongoing and constant regulatory changes are challenging to deal with on an operating level, especially for

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LLC’s, Creditors and Authority to File Bankruptcy

Limited liability companies (LLC’s) are the entity of choice these days for small, medium and even huge (think General Motors) businesses.  Laws governing the operation of LLC’s vary from state to state, but tend to offer owners greater flexibility and control than for other entities. LLC’s can be managed by

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Bankruptcy Litigation law firm DelCotto Law Group Named a 2017 Best Law Firm

DelCotto Law Group Listed Among Lexington’s Best Law Firms 2018

DelCotto Law Group PLLC, with offices in Lexington, Danville, and Louisville, Kentucky, has received a Tier 1 ranking in the 2018 edition of U.S. News – Best Lawyers “Best Law Firms” in the practice areas of Bankruptcy and Creditor Debtor Rights / Insolvency and Reorganization Law, and Litigation – Bankruptcy

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“Happy” Spring Shopping: Retailers file bankruptcy in succession

Along with other local attorneys, I was recently quoted in The Lane Report about predictions for 2017 in various economic sectors and in my own business.  At the time, one of those I cited as being troubled was the retail sector. Little did I envision how quickly the @#$% would hit the fan. The last 30 days

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Graphic of nervous piggy bank nearly submerged by water

Municipal Finance: Vulnerable and Distressed

Municipal Finance: Vulnerable and Distressed By: Laura Day DelCotto, Esq. In the July issue of Governing magazine, Publisher Mark Funkhouser astutely notes that money is the “lifeblood” of all cities.  The same day I read his article, the Lexington Herald- Leader front page noted the major declines in city and

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Civil Liability Under the Fair Debt Collection Practices Act (FDCPA)

By: Jamie L. Harris, Esq. Liability for debt collectors under the FDCPA can include actual damages, statutory damages, court costs, and reasonable attorney’s fees. Class action and individual liability is also provided for under the Act. Under § 813(a)(1) of the FDCPA, there is not a limit on the amount a consumer

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The Fair Debt Collection Practices Act Does Not Apply to Fines

The Fair Debt Collection Practices Act Does Not Apply to Fines Businesses taking extra steps to make sure they are not violating the Fair Debt Collection Practices Act (“FDCPA”) in debt collecting may have less to worry about if they are collecting “nonconsensual fines”. See Gulley v. Markhoff & Krasny,

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