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Blog | DelCotto Law Group

Tips for Preparing a Financial Statement for a Lender

June 13, 2014
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Be truthful.     When filling out a financial statement for a lender, you must fully and accurately list all of your ownership interests in property and all of your debts.  If you provide a false financial statement to a lender and the lender extends credit to you based […]

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SCOTUS on Bankruptcy Jurisdiction: Prediction

June 12, 2014
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On June 9, 2014, SCOTUS issued one of its rare birds —  a 9-0 ruling.     While all the Justices are unanimously united, the rest of us are now dealing (yet again) with another wrinkle-trying to understand what the heck they are talking about.   In the case of […]

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Massive Double Whammy in Kentucky Pension Community

June 4, 2014
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First, after 5 pm on Friday, May 30, Bankruptcy Judge Joan Lloyd issued an 80-plus page opinion that Seven Counties, the community mental health center that serves 32,000 clients in the Louisville metro area, is permitted to withdraw from the Kentucky state pension system.  Press and […]

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Automatic Stay: What is it?

June 4, 2014
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The foundational goal of the bankruptcy system is to provide deserving debtors with relief from their debts so that they can obtain a “fresh start.” This process starts at the moment that a debtor files for bankruptcy case through the “automatic stay.” The automatic stay is a portion […]

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