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HTMLMichigan Landlord/Tenant Law Amended to Allow for Electronic Service of Eviction Notices
Steven L. Owen; Foster, Swift, Collins & Smith, P.C.;
Legal Alert/Article
June 24, 2015, previously published on June 18, 2015
On May 21, 2015, Gov. Snyder signed into law House Bill 4038 (“HB 4038”). The new law, which amends Section 5718 of Michigan Summary Proceedings Act, gives landlords the ability to serve eviction notices via “electronic service.”

 

HTMLChanges Coming to Rules for Periodic Garnishments
Seth A. Drucker; Foster, Swift, Collins & Smith, P.C.;
Legal Alert/Article
June 24, 2015, previously published on June 18, 2015
Amended rules governing the issuance, service, and enforcement of periodic garnishments will go into effect on Oct. 1, 2015. The amendments will, among other changes, provide much needed protection to garnishees from the imposition of a default or default judgment resulting from administrative or...

 

HTMLMichigan Joins Eight Other States in Signing Agreement to Facilitate Ability of Credit Unions to Operate Across State Lines
Steven L. Owen; Foster, Swift, Collins & Smith, P.C.;
Legal Alert/Article
June 24, 2015, previously published on June 18, 2015
Michigan recently became the ninth state to sign the 2015 Nationwide Cooperative Agreement for the Supervision of State-Chartered Credit Unions (the “Agreement”). The Agreement, developed by Michigan, Idaho, Ohio, Indiana, Kentucky, Oregon, Washington, West Virginia and Wisconsin, in...

 

HTMLCredit Reporting Agencies Unite to Transform Reporting and Resolution Practices
Scott A. Chernich, Steven L. Owen; Foster, Swift, Collins & Smith, P.C.;
Legal Alert/Article
June 24, 2015, previously published on June 18, 2015
Giving new meaning to the phrase “credit given where credit is due,” the country’s three largest credit reporting companies have agreed to overhaul their reporting practices and implement what is being called the most sweeping industry transformation in more than a decade.

 

HTMLRaising a Drawbridge Objective: Eligibility in Chapter 15 Cross-Border Insolvency Cases
Adam M. Langley; Butler Snow LLP;
Legal Alert/Article
June 23, 2015, previously published on June 18, 2015
Insolvency like international law can lend itself to aggressive protectionism as parties or countries try to preserve their own interests, like medieval lords surrounded their castles with moats and towering walls to fend off raiding parties and protect their holdings. Protectionism to its extreme...

 

HTMLNew Jersey Bankruptcy Court Issues Ruling Regarding Condominium Association Liens in Chapter 13 Proceedings
Robert J. Flanagan; Greenbaum, Rowe, Smith & Davis LLP;
Legal Alert/Article
June 23, 2015, previously published on June 2015
On June 11, 2015, the United States Bankruptcy Court for the District of New Jersey recognized that a condominium association’s lien is entitled to a limited six-month priority over a first mortgage.

 

HTMLBecoming a Creditor in a Bankruptcy Case Triggers a Duty to Preserve Documents
William R. O'Bryan; Butler Snow LLP;
Legal Alert/Article
June 23, 2015, previously published on June 18, 2015
A litigator in bankruptcy court is challenged with mastery of a trial lawyer’s skills as well as the developing substantive law, jurisdictional and otherwise, governed by the Bankruptcy Code. Who hasn’t heard of Stern v. Marshall?

 

HTMLFirst Circuit Court of Appeals Expected to Turn to Supreme Judicial Court for Help in Resolving Bankruptcy Code-Related Mortgage Enforcement Dispute
Jason A. Manekas; Bernkopf Goodman LLP;
Legal Alert/Article
June 19, 2015, previously published on June 09, 2015
Bankruptcy trustees have relied on a Bankruptcy Code provision and a series of bankruptcy court decisions to successfully challenge the enforcement of mortgages in which the certificate of acknowledgement is imperfect because of vague wording or a careless omission on a pre-printed form. A recent...

 

HTMLSoteris Flourentzos was Authorised by the Cyprus Bar Association to Act as an Insolvency Practitioner
Soteris Flourentzos; Soteris Flourentzos & Associates LLC;
Legal Alert/Article
June 18, 2015, previously published on June 18, 2015
Soteris Flourentzos was authorised on 17 June 2015 by the Cyprus Bar Association to act as an Insolvency Practitioner, under Section 10 of the Insolvency Practitioners Law N. 64(I)/2015.

 

HTMLAt Day's End, Nortel Bankruptcy Judges Land on What is Fair and Reasonable
Lou Brzezinski; Blaney McMurtry LLP;
Legal Alert/Article
June 17, 2015, previously published on June 9, 2015
The courts in Ontario and Delaware have decided who is to be paid what from the more than $7.1 billion available to meet creditors’ claims in the Nortel Networks insolvency, closing the 120-year-old book on Canada’s first global research, development and technology enterprise. Nortel...

 


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