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Bankruptcy Archives - DelCotto Law Group

Marijuana Smoke in Bankruptcy Court?

Marijuana Industry/Assets Barred from Bankruptcy Relief

May 2, 2017
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The Office of the United States Trustee (the “UST”), an arm of the U.S. Department of Justice, just issued a one-page “reminder” letter to all chapter 7 and chapter 13 trustees nationwide: NO MARIJUANA IN BANKRUPTCY. You may read it here, it’s short and to […]

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Shopping

“Happy” Spring Shopping: Retailers file bankruptcy in succession

April 12, 2017
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Along with other local attorneys, I was recently quoted in The Lane Report about predictions for 2017 in various economic sectors and in my own business.  At the time, one of those I cited as being troubled was the retail sector.

Little did I envision how quickly the […]

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How long does a chapter 11 take?

How Long Does a Chapter 11 Take?

February 14, 2017
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“How long does a chapter 11 take?” In Kentucky, a typical chapter 11 bankruptcy lasts 6 months – 1 year.  However, chapter 11’s vary with each situation, factors include:

number of creditors
research of potential litigation claims
cash flow/operating issues, and
if primary lenders agree on a […]

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Another Hospital Bankruptcy, More to Follow in 2017

January 17, 2017
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By: Laura Day DelCotto, Esq.

At least two hospitals have already filed for bankruptcy protection in 2017, and the year is young.  This follows approximately a dozen filings in 2016 nationwide, some closures and others to complete a sale transaction through the bankruptcy process.     The healthcare sector is […]

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