Marriage and Small Business Debt

By: Dean A. Langdon Marriage involves sharing risks and rewards with a spouse. Entrepreneurial couples may establish a business together, or one spouse may establish a business and exclude their spouse due to the risk of economic loss.  After all, between 20-50% of small businesses fail within the first 5

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Rural Hospital Challenges: Is Chapter 11 a Quick Fix?

By: Laura Day DelCotto and Dean A. Langdon The economic challenges in today’s current health care climate are well documented and run to the core of a fundamental national debate rearing its head in the upcoming 2020 election cycle. “Medicare for All” is more than a sound bite or political

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Creditor Tips for Chapter 7 Bankruptcy

By: Jamie L. Harris If you receive notice that a customer or client has filed for Chapter 7 bankruptcy relief, there are certain things you need to know about the bankruptcy process.  First, you should cease any pre-petition collection efforts.  The automatic stay afforded by the bankruptcy filing stays any

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Tax Workouts

By: Jamie L. Harris If you or your company is dealing with tax debt, getting resolution of the debt can seem overwhelming, especially when penalties and interest are considered.  Typically, whether you are dealing with the state or federal government, payment plans are available.  Sometimes, penalties can be waived as

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Exemption Amounts Increased April 1st 2019

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

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Personal Property Exemptions

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

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