{Read in 2 minutes} Co-parenting after divorce requires frequent communication between parents to ensure smooth transitions for their children between the two homes, to keep each other informed of the children’s extracurricular activities, and any important concerns involving them.

Occasionally, parental exchanges may become tense, and include negative undertones and criticism, which place the children in the middle of the battles. It is imperative to make every effort not to let this happen.

Here are a few tips which can help parents with the process:

Agree in advance to the form of communication, whether text, email, or phone. For many parents, a quick [...]
Mon, Nov 29, 2021
Source: Safian Mediation
DelCotto Law Group PLLC is pleased to announce that we have been recognized in the 2022 U.S. News-Best Lawyers®  “Best Law Firms” in the practice areas of Bankruptcy and Creditor Debtor Rights/Insolvency and Reorganization Law (Tier 1). Best Lawyers® and U.S. News & World Report collaboratively announced the release of the U.S. News – Best Lawyers® “Best Law Firms” rankings. “For over three decades, U.S. News has provided the public with accurate and in-depth rankings on key institutions in society from higher education to hospitals and health systems,” says Morgan Felchner, executive editor at U.S. News. “Law firms serve a critical role [...]
Tue, Nov 16, 2021
Source: DelCotto Law Group
A lot of businesses in Kentucky experience serious financial hardships that they can eventually recover from. Chapter 11 bankruptcy is designed for businesses that need to reorganize their debt rather than liquidate it. During the Chapter 11 bankruptcy process, a business may take out a Debtor in Possession, or DIP, loan. Bankruptcy financing A DIP loan is much different from a regular loan that a business would take out if it weren’t going through a bankruptcy. There is a lot more paperwork involved in a DIP loan, and a business must have already filed for commercial bankruptcy. One of the major differences [...]
Wed, Nov 10, 2021
Source: DelCotto Law Group

You have a dog, maybe he is a 25 pound beagle name Rex. Your dog is extremely friendly and perhaps is afraid of his own shadow. One day, you are walking him around your neighborhood, he is not on a leash because you know he would never bite, or hurt anybody. You see little Johnny, your neighbor’s son. He’s played with Rex before, and Rex does not seem to mind him. Little Johnny goes to pet Rex, and for the first time in his life, Rex bites little Johnny’s hand. Little Johnny is crying, [...]

Tue, Nov 09, 2021
Source: Legal Brains
By: Laura Day DelCotto A recent case out of the Delaware Bankruptcy Court made clear that the exact wording of the standard “critical vendor” order is important. The case is a great reminder that even boiler-plate orders entered in conjunction with first day hearings require some close attention. Why is this important? It’s pretty much a given that most lawyers are scrambling on other bigger issues, so if you find yourself in a critical vendor setting, look closely at the terms of the process, and think about what payments you did receive in the preference period in addition to what you are still [...]
Mon, Nov 01, 2021
Source: DelCotto Law Group

Our firm was featured in an article on the Published Reporter for a lawsuit against Comcast. Click the link below to read the article!

Fired Comcast Employee Suing for Discrimination After Refusing “Critical Race Theory” Training, Social Posts of January 6th Event

The post Read all about it! appeared first on The Ticktin Law Group.

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Fri, Oct 22, 2021
Source: Legal Brains
By: Laura Day DelCotto There is a huge public policy debate currently going on in the corporate bankruptcy world over mass litigation/mass tort chapter 11 cases. The recent mass tort defendants who have ended up in a chapter 11 include the Boy Scouts of America, USA Gymnastics, Purdue Pharma, and many Catholic Dioceses all across the US. The recent filing by the “talc” subsidiary of Johnson & Johnson is merely the latest of many prior chapter 11 filings. In the 1990s, the asbestos litigation cases were in full force, and the Bankruptcy Code was amended to add special provisions for mass tort [...]
Thu, Oct 21, 2021
Source: DelCotto Law Group

{Read in 3 minutes} There is much thought given to how to tell the children about a divorce, but what about telling the parents? For many couples, telling the parents is probably the most stressful conversation next to telling their children.

One would think that most parents would be supportive of their children and “rally to the occasion” but unfortunately, that is not always so. I actually know of a case in which the wife’s parents completely rejected her and took on her soon-to-be-ex as their child!

Even in cases that are not so extreme, whether your parents feel that you are [...]

Mon, Oct 11, 2021
Source: Safian Mediation

“Why should I hire an Attorney?” “I do not trust attorneys.” “I can’t afford one.” “I found everything I need on the internet.” “I can do this on my own.”

With the growing costs of living, high unemployment and uncertain recovery of the economy, you have tightened your budget and are carefully selecting where you choose to spend your hard earned dollars. To top it all off, you find yourself with a legal problem and all of the worries associated with hiring an attorney race through your head. Despite the horror stories you may have heard [...]

Mon, Oct 11, 2021
Source: Legal Brains
For Kentucky residents who are experiencing financial struggles, bankruptcy can provide some relief and help with getting to a better financial situation. However, many hesitate because they are concerned about its future impact. Some might wonder if their current and future employment will be affected. Assuaging this fear is imperative before moving forward with a bankruptcy filing. Bankruptcy and possible employment-related challenges Bankruptcy could be assessed with employment. When applying for a job, an estimated one-quarter of employers will check the prospective employee’s credit. This is especially true for jobs with a financial component. Still, the Fair Credit Reporting Act requires the [...]
Fri, Oct 08, 2021
Source: DelCotto Law Group
By: Jamie L. Harris Merchant cash advance agreements typically involve selling your business receivables at a price with a significant fee. This fee is repaid usually on a daily or weekly basis by debiting a certain percentage of your business receivables. These types of agreements are designed to be paid back rapidly, sometimes as quickly as just a few months. For many small business owners, these large payments can put a significant strain on the ability of their business to cash flow and meet other debt obligations. Solutions to Cash Advance Hardships If your business is experiencing financial hardship, closely review the merchant [...]
Wed, Oct 06, 2021
Source: DelCotto Law Group
By: Jamie L. Harris If your company has been served with a lawsuit asserting preference claims, you will need to file an answer or other responsive pleading on or before the deadline asserted in the summons. To properly evaluate defenses, you will need to locate and identify the checks, wire transfer receipts, or other forms of payment and corresponding invoices to verify if the information asserted in the complaint is accurate and to verify if the transfers did occur within the preference period- which is typically (90) days before the debtor filed for bankruptcy relief. Defenses to Preference Litigation There are several defenses [...]
Wed, Sep 29, 2021
Source: DelCotto Law Group