Tag Archives: Northern Michigan bankruptcy attorney

Taxation of Cancellation of Indebtedness for Mortgages

October 13, 2013  |   Posted by :   |   Bankruptcy   |   0 Comments

Under the Internal Revenue Code Section 61(a)(12), cancellation of indebtedness (known as “COD”)  is considered taxable gross income.   People with distressed mortgages may be issued a 1099 by their mortgage company in several situations. (If you get the 1099, then the IRS presumes that it is income that must be reported on your tax […]

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34th Circuit Court Roscommon

March 18, 2013  |   Posted by :   |   Criminal Law   |   0 Comments

Judge Carles Corwin presided in 34th Circuit Court on Jan. 8, 2013: 34 year old St. Helen man was remanded to the Roscommon County Sheriff’s Dept. to serve a sentence imposed Dec. 4, 2012, following the granting of the prosecutor’s motion to dismiss a probation violation. The judge also signed an order for a show […]

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Reasons Why You Will Not Get a Concealed Pistol License

June 30, 2012  |   Posted by :   |   Criminal Law   |   0 Comments

If you are thinking about getting concealed pistol license in Michigan, then you need to know that there are many, many, reasons why you may not qualify.  This list is ridiculously long. so I am just going to post it as is.  You will not qualify if one of the following conditions, statutes, or previous criminal […]

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Michigan Law of Easement Quick Facts

June 10, 2012  |   Posted by :   |   Michigan Real Estate Law   |   0 Comments

An easement is a right to use another’s property for a particular purpose.  Below are general concepts regarding easements; if you have a problem or question about your easement, then consult Nye & Associates, PLLC. Definitions. The person’s property benefiting  from the easement is the “dominant estate.”  The person’s property whose land is subject to […]

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Michigan Bullard-Plawecki Employee Right to Know Act

June 10, 2012  |   Posted by :   |   Employment Law   |   0 Comments

Under Michigan law, employees have certain rights related to their employment records.  The Bullard Plawecki Employee Right to Know Act can be found here: http://www.legislature.mi.gov/documents/mcl/pdf/mcl-act-397-of-1978.pdf Generally, Michigan employees (to include public employees) have the following rights: 1. The right to inspect their employee file twice per year; 2. The right to a copy of their employee […]

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IRS Tips Regarding Mortgage Debt

March 18, 2012  |   Posted by :   |   Bankruptcy   |   0 Comments

Mortgage Debt Forgiveness: 10 Key Points First, if you have filed bankruptcy then forgiven debt is not taxable income and simply filing IRS Form 982 with your federal taxes will cancel that debt. For non-bankruptcy filers, the following may be applicable to your situation: Canceled debt is normally taxable to you, but there are exceptions. […]

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Nye Approved for Access to Bankruptcy Courts Program

February 22, 2012  |   Posted by :   |   Bankruptcy   |   0 Comments

Nye & Associates, PLLC was approved by a special committee affiliated with the United States Bankruptcy Court for the Eastern District of Michigan as an approved law firm for the Access to Bankruptcy Courts Program.  This program is a privately funded legal aid program to assist low income persons with paying for attorneys to prepare […]

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