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
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 Decenber 1st, DLG will sponsor GOTR (Girls on the Run) 5K race. The Girls on the Run program inspires girls to
By: Jamie L. Harris Whether it be from job loss, divorce, medical issues or the death of a spouse, many American homeowners may find they are unable to debt service their monthly mortgage payment. The good news is most lenders offer a variety of options to address financial hardship issues
By: Laura Day DelCotto Stanley Druckenmiller has been widely quoted recently for his predictions at the NYC Grant’s Investment Conference of looming insolvencies and bankruptcies to be filed by any number of zombie companies: “Seriously, does anyone know why Sears is still in business?” He is right, the zombies have
By: Laura Day DelCotto The vast majority of Chapter 11 bankruptcy filings are by businesses: LLCs, closely held corporations, and large public company filings. We read about them almost daily in the news. This is how we have come to mostly think about Chapter 11 in the US: a large
By: Jamie L. Harris For many couples facing a potential divorce, dealing with marital debt and property settlement arrangements can be overwhelming. Financial issues frequently cause divorce. Rather than assigning liability to your various marital debts, it may be simpler to file a joint petition for bankruptcy relief. Debt that
By: Laura Day DelCotto The Sixth Circuit Court of Appeals has certified the following question of law to the Kentucky Supreme Court: “Whether Seven Counties Services, Inc.’s participation as a department in and its contributions to the Kentucky Employees Retirement System are based on a contractual or a statutory obligation.”
Attorney Jamie L. Harris was once again selected by her peers for inclusion the 25th Edition of The Best Lawyers in America© in the practice areas of Bankruptcy and Creditor Debtor Rights / Insolvency and Reorganization Law, for Lexington, Kentucky. Since it was first published in 1983, Best Lawyers® has become
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