Bankruptcy court rules trustees can’t claw back, as fraudulent transfers, Plus Loans taken by parents for a child’s education.
Comments
Wise business owners and members invest up front in well-crafted operating agreements.
Litigation defaults difficult to set aside, easy to avoid with an attorney’s assistance.
Strategic advantage may be gained in contract disputes by deciding early whether to pursue arbitration.
Appellate court ruling allows receivers to sell property even if proceeds fail to compensate junior lien holders.
Michigan law may extend the statute of limitations in cases of fraudulent concealment.
Michigan Supreme Court reaffirms longstanding rules of contract law in arbitration agreements.
Collection attorneys can now pierce the corporate veil, post judgment, when the corporate form is abused by individuals seeking to avoid legally paying obligations resulting from litigation.
Creditors must closely scrutinize Chapter 13 cases to understand what debts are being discharged and to update business records to ensure discharged debts are not pursued post-bankruptcy.
The conversion of money is one of those things lawyers get wrong, particularly in business litigation.
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