“Administering the Small Probate Estate – Part II”

Probate & Estate Administration

ADMINISTERING THE SMALL PROBATE ESTATE – PART II In the prior article I discussed expedited procedures available under Michigan law to deal with a small estate (less than  $22,000), where the deceased generally had only clothing and cash of $500 or less, was due a...

“Administering the Small Probate Estate – Part I”

Probate & Estate Administration

ADMINISTERING THE SMALL PROBATE ESTATE – PART I In many cases, after a loved one has passed away, you find that there really are not a whole lot of assets to be dealt with, or “administered”.   This could be because the deceased simply was a person of little means;...

“Bankruptcy Preferences: Claims and Defenses (Part II)”

Bankruptcy, Uncategorized

In my prior article I briefly reviewed the preference laws under the Bankruptcy Code, the elements that have to be proven and the rationale behind such statutes.  To reiterate, a preference, by definition,  is a payment or transfer that is made by the debtor to a...

“Bankruptcy Preferences: Claims and Defenses (Part I)”

Bankruptcy

Bankruptcy Preferences:  Claims and Defenses (Part I)  Quite often in a Chapter 7 bankruptcy case (often called a “straight” bankruptcy or a “liquidating” proceeding), or occasionally in a Chapter 11 or 13 proceeding, certain creditors may receive a demand letter...

“Three Things Not To Do Before Filing Bankruptcy”

Bankruptcy

THREE THINGS NOT TO DO BEFORE FILING BANKRUPTCY Many times when I first meet with clients about a potential bankruptcy filing, I learn about various property transfers made and transactions they have recently engaged in.   While, in most cases, the transfers or...