With all the talk of house prices rebounding after valuations tanked during the Great Recession, it may be easy to forget just how precipitously home values fell after their peak a decade ago. Last January, the Detroit Free Press reported that home prices across Southeast Michigan have risen back to 2007 levels. However, for many… [Continue Reading]
Bitcoin and the World of Bankruptcy
Perhaps you have heard of Bitcoin, the cybercurrency created as a way to be free of national and international monetary policy. Bitcoin’s value has fluctuated wildly since its appearance in the marketplace. In addition, Bitcoin has also become the “currency” of choice for a variety of criminal enterprises. Now, Bitcoin is embroiled in a new… [Continue Reading]
8 Tips to Maximize Your Tax Refund
With tax season quietly approaching, it’s time to think about how to maximize your returns. What if a few thousand dollars suddenly hit your bank account? What would you do with that money? That will be a reality for many Americans this tax season as, according to a recent survey by Straight Talk Wireless, Americans… [Continue Reading]
Eastern District of Michigan Updates its Bankruptcy Rules
The sometimes arcane rules of bankruptcy got a facelift for the Eastern District of Michigan that took effect Feb. 1, 2016. Below are some of the practical changes directly impacting local practice in consumer bankruptcy cases. For a more detailed analysis, please contact the bankruptcy experts at Resnick Law at 248.642.5400 or contact us online… [Continue Reading]
Nate Resnick in Free Press on Flint Water Crisis and Property Values
Flint’s water crisis may have even more ramifications, including causing property values to plummet. One Flint property owner already claimed poverty as a result of the costs of obtaining water and asked for the property value to be lowered in order to lower their tax bills. Even more significantly, appraised property values may drop precipitously… [Continue Reading]
The Secret to Helping Detroit Businesses Succeed
It’s no secret that the city of Detroit has made considerable gains in attracting businesses to open here since its emergence from bankruptcy more than a year ago, but there is one nagging issue that will never allow the city to again flourish: failing schools. With a rash of teacher “sick-outs” over the last few… [Continue Reading]
Money, water and the Zika Virus: What are the Connections?
Economic decisions have an impact on public health. We certainly saw that in Flint. Local government (headed by an emergency manager, appointed by the governor) made a decision to change the source of the water, because the prices of the Detroit Water authority were perceived to be too high (and many residents of Flint… [Continue Reading]
5 Things To Know Defending Your Company Against Detroit’s Claw Back
In approximately two weeks, certain contractors, vendors and other service providers who are the target of the city of Detroit’s attempt to claw back remittances made shortly before it declared Chapter 9 Bankruptcy will face the deadline for responding to the city’s lawsuit alleging preferential treatment of payment. As discussed in our previous blog posts… [Continue Reading]
Response to City of Detroit Claims Fast Approaching
If you or your company have been named as a defendant against the City of Detroit in its attempt to recover funds alleged to have been paid within the 90 days prior to the city’s Chapter 9 Bankruptcy filing, note that time is of the essence and your rights are in jeopardy. The Bankruptcy practice… [Continue Reading]
City of Detroit Seeking Money Back From Creditors
Toward the end of 2015, the City of Detroit made the decision to seek what has added up to be about $50 million in total payments made to various creditors prior to its July 2013 municipal bankruptcy filing. The reported lawsuits, filed against local vendors, contractors, IT firms and staffing outfits, allege that each company… [Continue Reading]
- « Previous Page
- 1
- …
- 14
- 15
- 16
- 17
- 18
- …
- 21
- Next Page »
