March 20, 2020

Governor Whitmer Extends Tax Forfeiture Redemption Period

The current deadline to redeem is March 31, 2020 to avoid a loss of the property to tax foreclosure. Under the Executive Order, the deadline to pay back taxes to avoid a loss of the property is extended until the later of (a) May 29, 2020, or (b) the date 30 days after the termination of the state of emergency issued by the governor.

The Executive Order was issued due to the ongoing COVID-19 (Coronavirus) crisis, and in particular, (a) the economic impact of the crisis upon Michigan residents and (b) the closure or scaling back of the county treasurer’s offices.

A copy of the Executive Order 2020-14 (COVID-19) is HERE.

For more support and information relating to COVID-19, please visit the Kerr Russell COVID-19 Resource Center. If you have questions relating to this article or other bankruptcy and restructuring matters, please contact a Kerr Russell attorney.

 Jason W. Bank is the chair of the firm’s Bankruptcy and Restructuring department. He focuses his practice in the areas of commercial bankruptcy, out-of-court workouts, corporate restructuring and creditors’ rights. Jason has successfully guided numerous businesses through out-of-court restructurings and Chapter 11 reorganizations. He has negotiated resolutions of complex financial issues and debtor-creditor disputes and achieved consensual restructurings while avoiding bankruptcy or litigation.

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