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Bankruptcy Archives - DelCotto Law Group

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“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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Filing for Bankruptcy: What Property Can You Keep Under the Federal Bankruptcy Exemptions?

August 30, 2016
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By: Jamie L. Harris, Esq.

If you are an individual filing for bankruptcy relief in Kentucky, you can utilize either the federal or the state bankruptcy exemptions.  Typically, most individuals select the federal exemptions as these are generally perceived as more favorable.  Exemptions in bankruptcy allow individuals to […]

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