Another newer apartment building in Detroit has officially fallen back into the hands of its lender. The former City Club Apartments CBD Detroit was sold in receivership to an entity connected to its lender, ACRE Credit, and Sequel Cos. for $75 million, according to Frank Simon, the receiver on the property. The 288-unit development at […]
Monthly Archives: October 2026
Memorandum
SWORD OR SHIELD? JUDICIAL ESTOPPEL IN THE CONTEXT OF UNSCHEDULED BANKRUPTCY PRE-PETITION CLAIMS ASSERTED IN A LATER STATE COURT ACTION
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Simon PLC Attorneys & Counselors – October 2026 Memorandum SWORD OR SHIELD? JUDICIAL ESTOPPEL IN THE CONTEXT OF UNSCHEDULED BANKRUPTCY PRE-PETITION CLAIMS ASSERTED IN A LATER STATE COURT ACTION Troy, MI. Can a plaintiff’s failure to schedule pre-petition claims as assets of the bankruptcy estate preclude it from asserting those claims in a subsequent state-court […]