Counsel, Chapter 11, Bankruptcy Code, Disinterested

Counsel in Chapter 11 Proceedings

Retention of Counsel in Chapter 11 Proceedings By: Jamie L. Harris, Esq. 11 U.S.C. § 327(a) permits a debtor to employ an attorney that (1) does not “hold or represent and interest adverse to the estate”; and (2) is disinterested. 11 U.S.C. § 327(a). The Bankruptcy Code defines “disinterested person”

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Taxes, Tax Increase, Kentucky, Frankfort, General Electric

Death Spiral: The Taxes Conundrum

Death Spiral: The Taxes Conundrum By: Laura Day DelCotto, Esq. Connecticut just raised taxes…. Again.  The state’s two- year $40.3 billion budget includes a projected $1.5 billion increase in tax revenues. The top individual tax rate increased from 6.7% to 6.99%.  A “temporary” 20% surtax on corporate taxes became permanent,

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Chapter 9, municipality bankruptcy, pension

Part 2: Chicago Pension Crisis

Chicago: My kind of town By: Laura Day DelCotto, Esq. Last month I blogged about Moody’s downgrade of Chicago’s debt to “junk status,” and the city’s drama with the Chicago Teacher’s Union. UPDATE: Mayor Rahm Emanuel has found a way to “fix” Chicago’s $30 billion unfunded pension for public workers and

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Social Security Disability Program, Insolvent, Kentucky

Social Security: Watch Congress and Act Now

A Call to Private Sector Future Retirees on Social Security By: Laura Day DelCotto, Esq. The Social Security Disability Program is kept separate from the Social Security Retirement Program. The Social Security Disability Program is “on the brink of insolvency” according to the Social Security Office of Inspector General. Without

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hospital bankruptcy, rural hospitals, chapter 11

Rural KY Hospital, New Horizons, files bankruptcy

New Horizons (Owen County Hospital): Another Rural Kentucky Hospital in Trouble By Laura Day DelCotto Another of Kentucky’s rural hospitals just filed bankruptcy, stating that it has been exploring sale options for a year, and that it has recently decided that a sale through the bankruptcy court process is its

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