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July 2013 - DelCotto Law Group

Dollar Amount Adjustments to Federal Bankruptcy Code Exemptions on April 1, 2013

July 30, 2013
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Section 104(a) of the Bankruptcy Code provides for automatic adjustments to certain dollar amounts in the Code every three years.  11 U.S.C. § 104(a).  The most recent adjustments were made on April 1, 2013, and they apply to all cases commenced on or after that […]

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“We Provide the Highest Quality Legal Services”

July 23, 2013
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Many law firms say that they provide “the highest quality legal services.”  What does this really mean?  I recently watched a relatively routine hearing in a Chapter 11 case where the debtor corporation had eight – that’s right – eight lawyers in the courtroom.  One lawyer spoke, seven watched […]

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Financial Tips for Small Business Owners

July 18, 2013
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Keep corporate vs. personal debt separate.  It is a common practice for small business owners to experience periodic cash flow problems and turn to use of personal credit cards to infuse cash into their business.  It is important to note that debt incurred under a credit card […]

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Can I File Chapter 7 and Keep All of My Toys?

July 12, 2013
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On June 28, the Bankruptcy Appellate Panel for the Sixth Circuit issued an opinion holding that Mr. and Mrs. Weixel’s Chapter 7 case was properly dismissed for “substantial abuse” under the bankruptcy laws.   In re Weixel, 13 FED App 0003P.   This case is binding on Kentucky bankruptcy […]

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