On December 23, we posted an article about the Lake Michigan Asian carp dispute. In December, Michigan Attorney General Mike Cox asked the United States Supreme Court to close all waterways from Illinois leading to Lake Michigan, to prevent Asian carp from reaching the Great Lakes. Last week, the Supreme Court refused to immediately close [...]
In recent weeks, there has been significant media coverage of the Asian carp issue in Chicago-area waterways. Many governments and groups are concerned that unless some drastic action is taken, the Asian carp – voracious feeders that are also known to jump out of the water at boaters – will soon enter Lake Michigan and [...]
The Detroit Free Press (Freep.com) has been following all of the developments at the National Summit this week in Detroit and posting the latest to their blog (See excerpt below). This morning the hot topic was the recent rise in entrepreneurship. It is essential that new businesses have all of their ducks in a row [...]
As a business owner, there is a strong possibility that you have received, or will receive a Writ of Garnishment at some time. It could entail garnishing an employee’s paycheck, or turning over property that you hold for a third party, or owe to a third party. Because a garnishment is an official court document, [...]
The current economic downturn has led to increased public scrutiny of lending practices. Michigan usury laws offer important protection to borrowers by capping the interest rate that lenders can charge. Whether one is a lender or a borrower, it is important to become familiar with the basic law and its many exceptions. Violation of the [...]
On May 19, 2009, the Michigan Legislature passed a package of three bills designed to give homeowners facing foreclosure a ninety-day window to meet with their lender and modify the terms of their mortgage. With the state facing one of the highest foreclosure rates in the nation, lawmakers hope these new laws will ease the [...]
Our current economic tough times may require businesses to take drastic actions to cut costs, including laying off employees. Legal claims by unhappy former employees inevitably increase when the economy is bad and they cannot easily find new jobs.
Many financially distressed companies accumulate large liabilities for employment taxes withheld from their employees’ wages. These taxes can be assessed personally against the company’s principals.
On February 17, 2009, in an effort to ease the financial burden on so many Americans who have been recently laid off, President Obama signed into law the American Recovery and Reinvestment Act of 2009 (“ARRA”). Under ARRA, employees “Involuntarily Terminated” from their employment (and other qualified beneficiaries) anytime from September 1, 2008 through December [...]
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