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Blog | DelCotto Law Group

Magnum Hunter Resources Oil & Gas Co. files for Bankruptcy

Another Texas Oil Company Goes Under

December 22, 2015
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When it comes to restructuring finances under the looming shadow of bankruptcy, there’s a lot of pressure to exit bankruptcy as soon as possible. This requires a knowledgeable counsel that can represent the debtor firmly. Over 37 North American oil producers have filed a Chapter 11 in […]

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Judgment liens: How Chapter 7 bankruptcy can set you free from them

October 27, 2015
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Do you know what a judgment lien exactly means? No? Then you may read along to find out about that and how Chapter 7 bankruptcy can rescue your assets from it.

Primarily, a judgment lien is a kind of nonconsensual lien. In other words, it’s a kind […]

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Equitable Subordination and Recharacterization

October 13, 2015
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The doctrine of equitable subordination is based upon principles of equity, and allows a court to subordinate the claim of one creditor to the claims of other creditors. Section 510(c) of the Bankruptcy Code addresses equitable subordination of claims filed in bankruptcy cases. Subsection (c)(1) states […]

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Cure Periods for Assuming Executory Contracts and Leases

October 1, 2015
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Cure Periods for Assuming Executory Contracts and Leases

Section 365(b)(1) of the Code sets forth the requirements which a debtor must satisfy to assume an unexpired lease or executory contract and it specifically provides that:
“If there has been a default on an… unexpired […]

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