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Finance & Bankruptcy News

June 28, 2022

In this issue:



   Torn Up Lease Contract   

Evicting a Tenant in Michigan: Tips for First-Time Commercial Landlords

Stephen W. Smith

There are abundant opportunities in commercial real estate, but these don’t come without challenges, such as dealing with problem tenants. We advise all first-time commercial real estate landlords to run their property like a business (see Part 1), and part of doing that is being prepared to evict tenants.

With some planning and foresight, landlords can reduce risks related to tenant evictions. Here’s what you need to know.

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Litigation 101 - What Happens in a Lawsuit?

Mark T. Koerner

Litigation can cause anxiety for just about anyone, whether you are being sued, or you find yourself in a position where you have to sue someone else. A general understanding of the litigation process can help relieve some of that anxiety.

This article is a general outline of the litigation process in case you find yourself in a situation where you have been sued or you need to sue someone else.

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   Mark Koerner

Mark Koerner

Koerner Email  Koerner Phone



   Filling Out Report   

Implications of the Forthcoming Corporate Transparency Act

Robert A. Hamor

The Corporate Transparency Act (CTA), signed into effect in early 2021, is set to dramatically change reporting requirements for small and medium-sized businesses and organizations. For the first time, the legislation will mandate that qualifying businesses self-report information about the people who lead or have influence over them, as well as information about the business itself. All the information will be added to a federally managed database.

With the change being the first time that many companies and entities must file with the government, we’ve outlined several things to know about the CTA.

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Join Us For Upcoming Second Wednesday Litigation Series

July 13, 2022

It is important to educate yourself and your organization should the worst happen and a lawsuit is necessary. Join us for a three-part series as our Second Wednesday Morning Break virtual series focuses on litigation featuring a Foster Swift litigator: 

  • On July 13, Brandon Schumacher will discuss "what to do if you are thinking of suing someone". 
  • On August 10, Hilary Stafford will discuss "what to do if you have been sued". 
  • On September 14, Fred Dilley will discuss alternative dispute resolution.

More details on each session to come. Registration for each of these events can be found at the following link:







Grand Rapids






St Joseph


Foster Swift Collins & Smith, PC E-Newsletters are intended for general information for our clients and friends. This newsletter highlights specific areas of law and is not legal advice. The reader should consult an attorney to determine how this information applies to any specific situation.

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