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Chapter 9 Archives - DelCotto Law Group

Fiscal Distress in Kentucky Counties: What’s Next?

December 18, 2017
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Laura Day DelCotto ©2017

The 2016 US Census Report was sourced in the recent Lexington Herald- Leader article, reporting that Kentucky has the distinction of containing about 30% of the Top 30 poorest counties in the United States.   This really shouldn’t come as any surprise to anyone […]

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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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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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Chapter 9, municipality bankruptcy, pension

Chicago is What a Pension Crisis Really Looks Like for Kentucky

May 14, 2015
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Kentucky’s Pension Crisis Cannot Be Ignored

by Laura Day DelCotto, Esq.

Moody’s downgraded all Chicago debt to “junk” status on May 13, including City, school district and park district paper.   The move follows the opinion issued by the Illinois Supreme Court that certain pension […]

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