Second Municipal Bankruptcy of 2018: How Many More to Come

By: Laura Day DelCotto Chapter 9 municipal bankruptcies remain rare in comparison to all other types of bankruptcy filings. There are still less than 500 total cases nationwide since the 1930s when chapter 9 was enacted. While public finance and the municipal bond market seem to remain stable, it’s interesting

Read More

February 2018 Community Events Spotlight

DLG attorneys and paraprofessionals are actively involved in the central Kentucky community. We strive to make central Kentucky a better place to live, work and relax for everyone. The coldest time of the year is upon us! DLG attorney Sara Johnston is teaming up with the Central Kentucky American Inns

Read More

Recoupment Defined

By: Dean Langdon Recoupment allows one party (Party A) to a contract to keep payments that are due to the other party (Party B) when Party B owes money to Party A at the same time. There must be an over-payment by one party, and the competing claims must arise

Read More

Fiscal Distress in Kentucky Counties: What’s Next?

Laura Day DelCotto ©2017 The 2016 US Census Report was sourced in the recent Lexington Herald- Leader article, reporting that Kentucky has the distinction of containing about 30% of the Top 30 poorest counties in the United States.   This really shouldn’t come as any surprise to anyone who keeps up

Read More

Legal Claims as Assets in Chapter 11

By: Dean Langdon It’s not unusual for a company in financial distress to be involved in some sort of litigation, with claims being asserted back and forth between one or more parties. One of the benefits of filing bankruptcy is the automatic stay, which stops prosecution of most legal actions

Read More

Avoiding Debt During the Holidays

By: Stephanie Dewitt It’s sometimes hard to shake the feeling of giving at the holidays. After all, ‘tis better to give than receive, right? Here are some tips to consider implementing in order to avoid accruing debt during the holiday season: 1. Start saving now for next year Whether you

Read More

Healthcare Bankruptcies More Than Triple in 2017

By: Laura Day DelCotto Becker’s Hospital Review quoted the November 28, 2017 Bloomberg article indicating that hospitals, specialty medical providers, and other healthcare-related companies are experiencing increased financial distress for a number of reasons.   Ongoing and constant regulatory changes are challenging to deal with on an operating level, especially for

Read More

December 2017 Community Events Spotlight

DLG attorneys and paraprofessionals are actively involved in the central Kentucky community.  We strive to make central Kentucky a better place to live, work and relax for everyone. Cynthia Spataro is going to be ringing the bell for the Salvation Army Friday, December 8th at 4:00PM in front of the

Read More

LLC’s, Creditors and Authority to File Bankruptcy

Limited liability companies (LLC’s) are the entity of choice these days for small, medium and even huge (think General Motors) businesses.  Laws governing the operation of LLC’s vary from state to state, but tend to offer owners greater flexibility and control than for other entities. LLC’s can be managed by

Read More

November 2017 Community Events Spotlight

DLG attorneys and paraprofessionals are actively involved in the central Kentucky community.  We strive to make central Kentucky a better place to live, work and relax for everyone. On Thursday, November 2nd, Dean Langdon is attending the SPARK celebration, which honors startup businesses and entrepreneurs. The Dean Harvey Award will

Read More