Stephen M. Guerra

Bankruptcies on the Rise

Bankruptcies on the Rise

There is a worrying trend of new bankruptcy filings locally and nationally. The Eastern District of Michigan (covering the metro Detroit area) saw a 7% jump in new bankruptcy filings in 2024 compared to 2023. In March 2025, new bankruptcy cases nationally increased...

BOI Reporting No Longer Enforced for Domestic Entities

BOI Reporting No Longer Enforced for Domestic Entities

Updated March 3, 2025 Community associations may finally be saved from filing BOI reports under the Corporate Transparency Act. We are glad to announce that on March 2, 2025, the U.S. Treasury Department has determined "...with respect to the Corporate Transparency...

MAGWV Announces New Ann Arbor Office Location

MAGWV Announces New Ann Arbor Office Location

We are excited to announce we have expanded and opened another location. Our new office is located at 455 E. Eisenhower Parkway, Suite 300, Ann Arbor, Michigan right off State Street on the south end of the city. It is easily accessible from Interstate 94 and will...

Two Condominium Bylaw Provisions That Every Board Should Review to Ensure that Assessments are not Unnecessarily Depleted

Two Condominium Bylaw Provisions That Every Board Should Review to Ensure that Assessments are not Unnecessarily Depleted

Assessments are the means by which all associations operate, and assessments provide the necessary income to maintain and enhance a community's assets to protect and maximize unit values. When assessment levels get too high, the very assessments that are essential to...