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Blog | DelCotto Law Group

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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5 Concerns When Closing a Medical Practice

May 29, 2014
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With the current uncertainty of Medicare reimbursement rates and rising operating costs, many medical practices–in particular, independent medical practices–are closing their doors.  If you are in the process of closing a medical practice, here are a few areas of concern:

Patient notice of closing. 

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Chapter 11 Decisions: Absolute-Priority Rule Stands

May 22, 2014
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THE SIXTH CIRCUIT COURT OF APPEALS RULES THAT THE ABSOLUTE- PRIORITY RULE STILL APPLIES IN INDIVIDUAL CHAPTER 11 CASES

The Sixth Circuit Court of Appeals recently issued an opinion reversing the lower bankruptcy court’s holding that […]

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