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Finance & Bankruptcy News

July 26, 2023

In this issue:



   Neglected Pipeline   

What are the Different Types of Easements?

Scott H. Hogan and Mackenzie Almassian
(Summer Associate)

An easement is a non-possessory interest in another person’s land. Most often, easements give the dominant estate (the parcel benefiting from the easement) the right to use the servient estate (the parcel burdened by the easement) for a specific purpose. This type of easement is called an affirmative easement. For example, an affirmative easement could be:

  • A power company’s right to place a power line on someone’s property.
  • A homeowner’s right to connect to a neighbor’s sewer system.
  • A property owner’s right to use a driveway to cross over another landowner’s property...

Read More



   Look over reports with magnifying glass   

FAQs on the Corporate Transparency Act

The Corporate Transparency Act (“CTA”) was enacted as part of the National Defense Authorization Act for Fiscal Year 2021 (“NDAA”). Existing entities will have one year to report, meaning that the deadline for existing entities will have until January 1, 2024 to report the required information.

Visit our CTA resource page to learn more about:

  • What companies are covered by the CTA?
  • What information must be reported?
  • What are the exemptions for reporting companies?

Read More



   Green Energy Concept   

Proposed Changes to PACE: What You Need to Know

Laura J. Genovich and Mackenzie Almassian
(Summer Associate)

On May 24, 2023, the Michigan Senate passed two bills, Senate Bill 302 (SB 302) and Senate Bill 303 (SB 303), proposing amendments to the current Property Assessed Clean Energy (PACE) program. PACE is a financing tool that grants commercial or industrial property owners funds to implement energy efficiency and renewable energy upgrades in their facilities. Property owners receive 100% pre-funding with no upfront costs...

Read More




Real Estate Attorney Roragen Joins Lansing Office

Kevin RoragenFoster Swift Collins & Smith PC welcomes attorney, Kevin J. Roragen, to the firm’s Lansing Office. Kevin represents clients on commercial and real estate litigation and transactional matters, primarily in the areas of real estate sales and development, zoning and municipal land use regulation, oil and gas, tax, and other commercial and business matters.

Kevin represents a broad spectrum of business and commercial interests in litigation matters involving real estate development/construction, contracts, zoning and planning issues, partnership and business disputes, tax matters, and property ownership/title disputes, including oil, gas and mineral rights, and rights of way/easements.

He has more than 25 years of experience representing real estate developers, municipalities, manufacturing companies and other organizations and individuals in various legal matters. In real estate, Kevin represents institutional, business, and individual clients in various complex matters including:

  • Property acquisitions, sales and business acquisitions and dispositions.
  • Negotiating, drafting, and reviewing various real estate documents, partnership agreements, operating agreements, contractual agreements, and other business agreements.
  • Formation of business entities.

Kevin earned his BA in Economics from Michigan State University and graduated Magna cum laude from Western Michigan University Thomas M. Cooley Law School.







Grand Rapids






St Joseph


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