Our economy relies on credit. Without available credit, it would shrink drastically. And when people don’t pay their bills, borrowing costs go up for those
I’ve written and reviewed many demand letters, filed complaints, and argued motions against guarantors based on “an unlimited and unconditional guaranty” of the underlying indebtedness.
I’ve represented creditors in litigation for over thirty years, and I’ve been involved in numerous commercial workouts. When a lender is paid in full and
Is the other shoe about to drop on the U.S. economy? Let’s look at just some of the economic headwinds of the past few years:
In a recent blog, we considered whether we were witnessing the slow death of the Consumer Financial Protection Bureau. After listening to the arguments in
When filing for bankruptcy, accurately identifying assets in the schedules is a critical step. Intentionally omitting an asset often results in significant legal consequences. We
On the second day of its October 2023 term, the Supreme Court will hear a case discussed here before, on appeal from the Fifth Circuit—Consumer
The Supreme Court of the United States recently reinforced what we’ve known in Michigan for the past few years. Counties cannot keep tax foreclosure proceeds.
As I wrote recently, the Supreme Court will have an opportunity to kill off the Consumer Financial Protection Bureau (CFPB) next term when it considers
A recent published decision from the Michigan Court of Appeals affects our clients in two different categories—employers and creditors. First, a basic refresher. A writ
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