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

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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

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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

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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

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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

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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

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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

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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

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Bankruptcy Litigation law firm DelCotto Law Group Named a 2017 Best Law Firm

DelCotto Law Group Listed Among Lexington’s Best Law Firms 2018

DelCotto Law Group PLLC, with offices in Lexington, Danville, and Louisville, Kentucky, has received a Tier 1 ranking in the 2018 edition of U.S. News – Best Lawyers “Best Law Firms” in the practice areas of Bankruptcy and Creditor Debtor Rights / Insolvency and Reorganization Law, and Litigation – Bankruptcy

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October 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.  October 15 Join Cynthia Spataro and her team at the ACS Breast Cancer Walk at Whitaker Bank Ballpark on Sunday, October 15th

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