By: Laura Day DelCotto Under the Bankruptcy Code, every 3 years, certain debt limits and the exempt assets limits increase. This is done to keep up with inflation. The amounts recently were raised for all cases filed after April 1. Most of our individual clients ask about what they may
Recent Case Benefits Chapter 11 Debtors with Over-Secured Creditors Seeking to Recover Legal Fees By: Laura Day DelCotto A recent case rendered by the Bankruptcy Court in the Northern District of West Virginia highlights one of the most costly issues facing Chapter 11 debtors, and comes out in the debtor’s
DLG attorneys and paraprofessionals are actively involved in the central Kentucky community. We strive to make central Kentucky a better place to live, work and relax for everyone. On Tuesday, May 22nd, Laura Day DelCotto will be attending the 20th Annual Business and Leadership Conference by the Women Leading Kentucky
By: Jamie L. Harris If you are facing a garnishment, attachment or execution on a judgment in Kentucky, you are probably wandering what personal property you own is exempt from creditor attachment. Under KRS 427, many items of personal property are exempt from judgment creditor seizure including: jewelry, personal clothing
DLG attorneys and paraprofessionals are actively involved in the central Kentucky community. We strive to make central Kentucky a better place to live, work and relax for everyone. On Tuesday, March 12th, Dean Langdon will be speaking at National American Bankruptcy Institute’s Webinar on “Surging Senior Bankruptcies & Your Practice”.
By: Jamie L. Harris If you are dealing with significant credit card debt, filing a personal Chapter 7 or Chapter 13 bankruptcy may be a viable option for addressing credit cards if you are eligible for those chapters. In a Chapter 7 bankruptcy, the debt is listed and discharged upon
By: Laura Day DelCotto I’m reading more and more about ESG – it’s sweeping into vogue in a big way. I predict that we will continue to see more about it in 2019, including moving beyond the financial investment world. But how, exactly, do we make decisions that integrate the
By: Jamie L. Harris Putting your company in Chapter 11 bankruptcy is far more complicated that just signing some paperwork. First, you need to evaluate if all your financials are accurate and up to date. You will want to get all tax returns timely filed and gather all your insurance
By: Laura Day DelCotto I learn something new every day, so it keeps this life fun. Somehow, I don’t remember ever specifically focusing on 11 USC §511 in all these years of confirming plans. With interest rates moving so often this year (and in the wrong direction from borrowers’ perspective),
By: Laura Day DelCotto The WSJ headline about the recent USA Gymnastics’ filing is spot on. At first blush, when anyone with multiple lawsuits files bankruptcy, there seems to be a rush to judgment that the debtor is seeking to evade and avoid litigants. The filing is viewed with
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