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Blog | DelCotto Law Group

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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Chapter 12, bankruptcy, farmers, family farm, fisherman

What is a Chapter 12 Bankruptcy?

May 15, 2014
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Chapter 12 Bankruptcy

If you are a Kentucky farmer or fisherman you may be wondering…’what is a chapter 12?”

Chapter 12 bankruptcy is a reorganization bankruptcy intended for family farmers and family fishermen. This chapter is designed specifically for small to medium-sized family operations […]

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