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creditors 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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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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Baby grinning with two teeth

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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debtor, trustee, Chapter 13, Chapter 7, convert, law, Supreme Court

SCOTUS Confirms Debtor’s Right to Money

May 26, 2015
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Trustee must return debtor’s funds after Chapter 13 conversion.

By: Dean A. Langdon, Esq.

On May 18, 2015 the U.S. Supreme Court ruled that money paid to a Chapter 13 trustee, and still held by the trustee, belongs to the debtor if the case […]

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