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Finance & Bankruptcy News

December 8, 2022

In this issue:



   Distressed Farmer Looking at Bill   

Received a Bankruptcy Notice? Here's What to Do Next

Scott A. Chernich

The risk of receiving a bankruptcy notice is abundantly present now more than ever with the state of the economy and the fallout of the pandemic. Being prepared is one of the best ways to protect your interests during a bankruptcy case.  

The first step is to pay special attention to the mail and avoid the temptation to procrastinate opening mail that might have bad news. At least give yourself the chance to control the situation and avoid the even worse consequences of simply delaying the inevitable...

Read More



   Fresh Start Chapter One   

Expungement Process in Michigan: Six Steps to a Fresh Start

Alexander S. Rusek

As we look to 2023, many are looking to right the wrongs of the past year, learn from their mistakes and leave their past behind. Expungement is legal jargon for the process of “setting aside” a criminal conviction and wiping it from one’s record. A criminal conviction can have a long-lasting negative impact on a person’s life as it will show up in background checks and can lead to difficulty finding employment, enrolling in school or applying for a loan.

Foster Swift litigation attorneys have put together the following six steps below to give you an idea of the expungement process going forward...

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What Employers Need to Know for 2023

Foster Swift's recent Fall 2022 Labor & Employment Law Update discussed major issues and developments that your company needs to address now. The webinar's PowerPoint slides and the recording of the presentation has been broken up by topic into the following links below to view or share at your convenience.

What Employers Need to Know for 2023:



   Year End Budgeting Plan   

Year End Budgeting and Housekeeping Best Practices for Businesses

Foster Swift Business & Tax Law Group

As 2022 comes to a close, every company and business should review certain essential elements for a smooth transition to 2023. It’s easy to get busy and overlook any of these practical steps, but failure to do so can result in unforeseen costs and risks in the coming year...

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Resources to Assist You in 2023

Litigation Series Focuses on the Ins & Outs of Lawsuits:


Corporate Transparency Act (CTA):

  • Stay tuned for more updates coming in January 2023!
  • CTA Resource Page
    • The Corporate Transparency Act (CTA) is set to dramatically change reporting requirements for many small and medium-sized businesses and organizations with possible monetary and criminal penalties for noncompliance.






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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Copyright © 2023 Foster Swift Collins & Smith, PC.

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