If your company has been served with a lawsuit asserting preference claims, you will need to file an answer or other responsive pleading on or before the deadline asserted in the summons. To properly evaluate defenses, you will need to locate and identify the checks,...
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Fraudulent Transfers and Liens
By: Dean A. Langdon A hallmark of bankruptcy is the ability of a trustee to recover fraudulent transfers from third parties. Fraudulent transfers include transferring property without being paid for it, transferring property for less than its worth, and making...
Bankruptcy Strategies for Dealing with Litigation
If you or your company is facing a sizable lawsuit, then you may be considering various bankruptcy options. First, if a judgment has already been entered, you will need to decide if you plan on appealing the judgment or not. For many, an appeal means posting a bond...
Repeat After Me: I’m a Vendor, NOT a Lender!
By: Laura Day DelCotto Times have changed. In the past, troubled companies often had some limited unencumbered assets to pay unsecured creditors. “Unencumbered assets” means cash, litigation claims, tangible and intangible assets that did not have liens on them. Times...
Dean A. Langdon Named to the 2022 Best Lawyers in America© List
Attorney Dean Langdon was selected by his peers for the 28th Edition of The Best Lawyers in America© in the practice areas of Bankruptcy and Creditor Debtor Rights/Insolvency and Reorganization Law and Litigation – Bankruptcy, for Lexington, Kentucky. For the 28th...
Laura Day DelCotto Named to the 2022 Best Lawyers in America© List
Laura Day DelCotto, founding member of DelCotto Law Group PLLC, with offices in Lexington, Danville, and Louisville, Kentucky, was selected by her peers for the 28th Edition of The Best Lawyers in America ©. She was selected in the areas of Bankruptcy and Creditor...
Retirement Contributions in Chapter 13 Bankruptcies
By: Dean A. Langdon Chapter 13 bankruptcy (in or outside of Kentucky) is meant to offer debtors the opportunity to keep property they might lose in a Chapter 7 bankruptcy by paying their creditors over 3 to 5 years. The trade-off is turning over all “projected...