by W. Jay Brown | Jan 31, 2011 | Business Law, Commercial Law, Litigation
The statutory money judgment interest rate in Michigan is at a new low – – 2.553% as of January 1, 2011. With this paltry statutory rate, the inquiry of the applicable judgment interest rate takes on added importance. If you are defending a judgment...
by W. Jay Brown | Nov 17, 2010 | Commercial Law, Litigation
Like many attorneys, I’ve experienced the uncomfortable feeling of being blindsided by a previously unknown fact that a client should have told me being raised in litigation. The recent opinion issued by the Michigan Court of Appeals in Food Solutions Inc v...
by W. Jay Brown | Sep 23, 2010 | Business Law, Commercial Law
It’s becoming an all-too-familiar fact pattern: a former spouse loses his business and is uncollectable/bankrupt leaving the bank to look to the former spouse for collection pursuant to a guaranty taken out during the marriage. In those instances, lawyers need to...
by W. Jay Brown | Jan 22, 2010 | Business Law, Commercial Law, Litigation
Recently, the Michigan Court of Appeals in Dearborn Capital Corporation v Facundo Bravo, (Docket No. 284274 released 9/22/09) issued a decision that serves as a harsh reminder to creditors of the consequences of failing to observe the letter of the UCC when selling...
