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chapter 11 Archives - DelCotto Law Group

Legal Claims as Assets in Chapter 11

December 12, 2017
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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 […]

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Healthcare Bankruptcies More Than Triple in 2017

December 5, 2017
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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 […]

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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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Bankruptcy Code Dollar Amounts Will Increase On April 1, 2016

March 31, 2016
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By: Jamie L. Harris, Esq.

The  Judicial Conference of the United States issued a Notice in the Federal Register on February 22, 2016 that certain dollar amounts have increased in the sections in title 11 and title 28, United States Code. The new (adjusted […]

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