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Blog | DelCotto Law Group

Additional Relief on the Way for Chapter 12 Farm Debtors

February 15, 2013
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Chapter 12 is a type of bankruptcy meant to help farmers with some of the unique financial problems they encounter.  One of those issues is the tax liability that arises when land is sold – land that may have been in the same family for many years.  In 2011 […]

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Barbara Corcoran On Success

February 13, 2013
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Barbara Corcoran is featured on the cover of the March 2013 Success magazine.  Since I don’t watch Shark Tank, I had never heard of Barbara.  She is a 64-year old NYC realtor who started Corcoran Group, a real estate brokerage firm, in the 1970’s.  She […]

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DLG Files More Chapter 11’s in the Eastern District of Kentucky Than All Other Firms Combined; Bankruptcy Filings Down Locally and Nationwide

February 6, 2013
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Nationwide, the American Bankruptcy Institute reports that total bankruptcy filings were down 14 percent in calendar year 2012; commercial filings were down 22 percent.  The 2012 filings were the lowest total since the financial crisis of 2008.  Chapter 11 filings decreased 10 percent from the filings in 2011 […]

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What To Do When A Commercial Tenant Files For Chapter 11 Bankruptcy

February 4, 2013
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1) Assess whether the lease has terminated prior to the filing.  A tenant in bankruptcy can only assume an unexpired lease.  If the lease terminated prior to the bankruptcy, the lease is not property of the bankruptcy estate and cannot be assumed or rejected by the […]

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