Recent
A recent unanimous Supreme Court decision clarified the framework for determining if a bankrupt debtor’s failure to disclose a personal injury claim as an asset would bar that claim under principles of judicial estoppel.
A garnishment is a powerful collection tool that, if used correctly, allows a Michigan judgment creditor to collect funds directly from the debtor’s wages, bank accounts, or other sources.
When one spouse files for bankruptcy while their divorce is pending, it can impact support, maintenance, property division, and other matters.
A recent appellate court decision opens the door for cannabis-industry employees to seek bankruptcy relief that, to date, has been unavailable due to the continued criminalization of cannabis at the federal level.
As long as cannabis remains illegal at the federal level, bankruptcy protection will likely remain unavailable for most cannabis-related businesses.
If you suspect a customer is headed towards bankruptcy, you may need to restructure your payment terms and take other steps to stop a trustee from clawing back recently received payments.