October 2020 - Simon PLC Attorneys & Counselors

Memorandum

CHANGES IN MICHIGAN RECEIVERSHIP LAW PROVIDE REMEDY FOR MARIJUANA BUSINESSES AND PROTECTION FOR LENDERS

Posted on October 30, 2020March 17, 2022 by admin

30
Oct

Simon PLC Attorneys & Counselors – November 2020 Memorandum CHANGES IN MICHIGAN RECEIVERSHIP LAW PROVIDE REMEDY FOR MARIJUANA BUSINESSES AND PROTECTION FOR LENDERS Bloomfield Hills, Michigan –Frank R. Simon, the founder and managing member of Simon PLC Attorneys & Counselors, is frequently appointed as Receiver by courts throughout Michigan. The firm has a significant practice […]

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Memorandum

ASSIGNMENT FOR BENEFIT OF CREDITORS

Posted on October 1, 2020October 1, 2020 by admin

01
Oct

Simon PLC Attorneys & Counselors – October 2020 Memorandum ASSIGNMENT FOR BENEFIT OF CREDITORS Bloomfield Hills, Michigan – An assignment for benefit of creditors (“ABC”) is an alternative to formal bankruptcy proceedings and is governed by state law (N.B. ABC statutes and laws vary from state to state. There is minimal case law regarding ABCs, […]

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The Corporate Transparency Act and the Issue of Beneficial Ownership and Substantial Control

Corporate Dissolution in Michigan and the Power to Sue and Be Sued

Do Contractors Need to Open a Separate Account ? The Michigan Builder’s Trust Fund Act

When is it proper to use the Secretary of State to serve an LLC in Illinois?

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Michigan’s Contract Statute of Limitations – Last Payment Date or Maturity Date – What Determines When a Debt Becomes Stale?

ACCELERATE OR NOT TO ACCELERATE – A LENDER’S POTENTIAL LOSS TO RECOVER PREPAYMENT PREMIUMS

Michigan Receivership Authority: Rejection of Executory Contracts and Leases

Conjunction Junction What’s Your Function?

New York’s Foreclosure Abuse Prevention Act

Seller’s Duties Under the Michigan Seller Disclosure Act

Judgment Creditors Beware: Garnishee Defendants May Not Object to Post-Judgment Writs of Garnishments

Health Care Facility For Sale | 300 Care Center Dr., Manistee, MI

Service of Process – Who is in charge of the office?

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Time Limit on Substitution of Parties – When is it too Late to Step in for a Late Litigant?

Extending the running of the Statute of Limitations to allow time to work with a cooperative debtor.

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Who owns the funds in a joint bank account in Michigan?

Statute of limitations on an Illinois breach of an installment contract? You may have longer than you realize.

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UCC Article 2a Finance Leases and the Absolute Duty of the Lessor to Perform

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Important Developments Under Michigan’s New Uniform Assignment of Rents Act

Second Circuit Denies Standing to ADA Claimants in “cut and paste” Gift Card Lawsuits

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Garnishing accounts? Don’t forget the crypto wallet.

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Update to Creditors regarding changes to the FDCPA – 12 CFR Part 1006 “Regulation F”

Homeowners Associations And Homeowners Beware: Airbnb, VRBO And Other Short-Term Use Rentals May Be Prohibited

SO YOU HAVE AN ILLINOIS JUDGMENT DEBTOR; WHAT DO YOU DO NOW?

CONFUSION AS TO DISTRICT COURT AMOUNT IN CONTROVERSY / SUBJECT MATTER JURISDICTION – THE EFFECT OF ABCS TROY V. LOANCRAFT, LLC

LENDERS BEWARE OF CFPB MORTGAGE SERVICING COVID-19 FINAL RULE- A MORATORIUM ON FORECLOSURE

ENFORCEMENT OF MICHIGAN NON-COMPETE AGREEMENTS

DON’T FORGET YOUR AFFIDAVIT$! AN ACCOUNTS STATED PRIMER

DEBT BUYERS MAKING YOUR CASE IN COURT

JUDGMENT INTEREST IN MICHIGAN – HOW MUCH AND WHEN?

VOIDABLE TRANSFER ACT

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Update on the compliance with the amended Marketable Record Title Act for Homeowners’ and Condominium Associations

Can a Judgment Creditor Garnish PPP and CARES Act Funds?

CHANGES IN MICHIGAN RECEIVERSHIP LAW PROVIDE REMEDY FOR MARIJUANA BUSINESSES AND PROTECTION FOR LENDERS

ASSIGNMENT FOR BENEFIT OF CREDITORS

PUBLICATION OF NEW AND EXPECTED CFPB FINAL DEBT COLLECTION RULES IN OCTOBER 2020

UPDATE ON MICHIGAN AND INDIANA – ANSWER TO COMPLAINT AND DEFAULT ENTRY DEADLINES

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PANDEMIC EVENT ENDORSEMENTS – CAN COVERAGE BE TRIGGERED?

CHAPTER 11 BANKRUPTCY – SMALL BUSINESS REORGANIZATION ACT – SUBCHAPTER V

COVID-19 EVICTION AND FORECLOSURE MORATORIUMS

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SBA Paycheck Protection Program (PPP) Loans under the CARES Act

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Complying with the 2018 Amendment to the Michigan Marketable Record Title Act (MRTA) (2018 PA 572)

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