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creditors Archives - DelCotto Law Group

Recoupment Defined

January 31, 2018
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By: Dean Langdon

Recoupment allows one party (Party A) to a contract to keep payments that are due to the other party (Party B) when Party B owes money to Party A at the same time. There must be an over-payment by one party, and the competing […]

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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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LLC’s, Creditors and Authority to File Bankruptcy

November 20, 2017
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Limited liability companies (LLC’s) are the entity of choice these days for small, medium and even huge (think General Motors) businesses.  Laws governing the operation of LLC’s vary from state to state, but tend to offer owners greater flexibility and control than for other entities. LLC […]

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POOR DUKE: What do Christian Laettner and Aubrey McClendon Have in Common?

August 25, 2016
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By: Laura Day DelCotto, Esq.

So, this is not a very good week for Duke University and media headlines.  As a life-long Kentuckian, I feel so bad for them.   Even Duke University can get caught up in debtor/creditor fiascos.

That should make the rest of us […]

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