Gold, Lange & Majoros P.C. has recently launched a brand new corporate website to help enhance the experience for its users and deliver information more quickly to its customers. When asked about the new website John Lange, one of the firm’s partners, had this to say, “We are excited about our new website. Our goal […]

The retailer Nine West has filed for chapter 11 bankruptcy citing debts totaling more than $1 Billion.  Nine West owns the Anne Klein brand as well.  Learn more.

The iconic brand of Sears is getting smaller in Michigan in the midst of bankruptcy.  The legendary retailer is recently announced that stores in Ann Arbor and Lincoln Park will be closing.  Learn more.

People often think that chapter 7 cases are easy, straight forward and uncomplicated. It’s easy, right? An attorney just buys a computer software bankruptcy program, inputs some information, files the case, goes to the 341 hearing and then waits for the discharge order. While I certainly don’t turn down simple cases, I do come across […]

Your back is against the wall. You have tried to pay your bills on time and service your debt but you simply do not make enough money to do both. Now, you have creditors who have placed some of your accounts in collection and your gut tells you that the situation isn’t going to get […]

“The holidays only come around once a year.” “They would really love this gift…it will only cost a little more.” “I’m sure that my creditors take the holidays off too, so that buys me some extra time to make a payment.” At one point, or another, we have all made these types of excuses that […]

It’s tough running a business and even tougher to keep a business profitable. Business owners throughout Michigan navigate the delicate balance of profitability on a monthly, weekly, and even daily basis. In some situations, the accumulation of business debt overcomes a business’s ability to generate income, and in that particular situation, Chapter 11 bankruptcy should be given […]

It’s a total myth that a properly executed bankruptcy cannot provide relief from an individual’s income tax liabilities. In fact, a chapter 7 bankruptcy can greatly assist with income tax problems in certain limited situations. Let’s explore below how a bankruptcy can discharge (wipe out) personal income tax liabilities in the following scenarios and situations: SOME IMPORTANT […]

Imagine receiving your next paycheck and learning that 25% of it has gone missing! Then, imagine learning that the reason for the missing money from your paycheck was because your wages are being garnished. What do you do then? Your paycheck (wages) and tax refunds can be garnished by creditors that have sought and won […]

Owning and operating a business is tough. Customer expectations coupled with their buying patterns and strong competition all have a dramatic impact on the bottom line of a business. Let’s explore in further detail how some of these factors truly impact a business: CUSTOMER BUYING PATTERNS AND CONVENIENCE The vastness of the internet means that […]