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From a creditor’s perspective, bankruptcy exemptions can be the battleground on which recovery is won or lost. Michigan presents a unique challenge for creditors because it allows debtors to choose between two different sets of exemptions.
There are steps lenders can take when the enforcement of municipal nuisance ordinances threatens their rights in an abandoned or neglected property.
Commercial landlords and tenants should include terms in their lease regarding the removal and disposition of trade fixtures upon termination to avoid costly disputes or losing such property.
In a case with implications for anyone who uses emojis, a Canadian court recently ruled that a thumbs-up emoji in a text message can form the basis of a legally binding contract.
A Michigan appellate court recently ruled that the redemption period after a foreclosure sale is one year from the date of sale, regardless of when the sheriff’s deed is recorded.
A “belt and suspenders” approach is appropriate and prudent in many contexts.