Antrim County, MI Reorganization Lawyers

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Tricia Terry
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Marrs & Terry, PLLC
6553 Jackson Road Ann Arbor, MI 48103Â» view map
Bankruptcy & Debt
Personalized, Efficient Counsel

Marrs & Terry, PLLC have been helping individuals face a variety of legal challenges, including bankruptcy, estate planning and administration, and family law.

800-862-7221
1. Tricia Terry Ann Arbor, MI
  Attorney at Law- MI, 1999
  Thomas M. Cooley Law School, J.D.
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Not enough matches for Antrim Reorganization lawyer.
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Patrick D. Brady

General Practice

Status: In Good Standing Licensed: 44 Years

CONTACT

14748 Williams Dr, Elk Rapids, MI 49629

David R. Munroe

Other, Lawsuit & Dispute, Employment, Administrative Law

Status: In Good Standing Licensed: 58 Years

CONTACT

4762 Creekside, Bellaire, MI 49615

Carole E. Brady

Government

Status: In Good Standing Licensed: 45 Years

CONTACT

14748 Williams Dr, Elk Rapids, MI 49629

Bryan E. Graham

Limited Liability Companies, Business, Government

Status: In Good Standing Licensed: 41 Years

CONTACT

104 E Forrest Home Ave, Bellaire, MI 49615

Barry L. Cole

Landlord-Tenant, Motor Vehicle, Lawsuit & Dispute, Government

Status: In Good Standing Licensed: 42 Years

CONTACT

602 E Cayuga St, Bellaire, MI 49615

Charles H. Koop

Criminal, Child Custody

Status: Inactive Licensed: 48 Years

CONTACT

Bellaire, MI 49615

Stacey L. Truesdell

Family Law, Divorce & Family Law, Children's Rights, Criminal

Status: In Good Standing Licensed: 35 Years

CONTACT

Elk Rapids, MI 49629

James L. Rossiter

Criminal

Status: In Good Standing Licensed: 21 Years

CONTACT

205 E Cayuga St, Bellaire, MI 49615

David J. Reck

General Practice

Status: In Good Standing Licensed: 50 Years

CONTACT

205 E Cayuga St, Bellaire, MI 49615

Peter R. Wendling

Real Estate, Estate Planning, Criminal, Elder Law

Status: In Good Standing Licensed: 31 Years

CONTACT

104 E Forrest Home Ave, Bellaire, MI 49615

800-923-0641

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LEGAL TERMS

CHAPTER 7 BANKRUPTCY

The most familiar type of bankruptcy, in which many or all of your debts are wiped out completely in exchange for giving up your nonexempt property. Chapter 7 b... (more...)

The most familiar type of bankruptcy, in which many or all of your debts are wiped out completely in exchange for giving up your nonexempt property. Chapter 7 bankruptcy takes from three to six months, costs about $200, and commonly requires only one trip to the courthouse.

CONSUMER CREDIT COUNSELING SERVICE (CCCS)

A national non-profit agency that, at no cost, helps debtors plan budgets and repay their debts. One major criticism of CCCS is that each office is primarily fu... (more...)

A national non-profit agency that, at no cost, helps debtors plan budgets and repay their debts. One major criticism of CCCS is that each office is primarily funded by voluntary donations from the creditors that receive payments from debtors repaying their debts through that office. Despite this criticism, most CCCS counselors provide clients with thorough and neutral advice.

LIMITED PARTNERSHIP

A business structure that allows one or more partners (called limited partners) to enjoy limited personal liability for partnership debts while another partner ... (more...)

A business structure that allows one or more partners (called limited partners) to enjoy limited personal liability for partnership debts while another partner or partners (called general partners) have unlimited personal liability. The key difference between a general and limited partner concerns management decision making--general partners run the business, and limited partners, who are usually passive investors, are not allowed to make day-to-day business decisions. If they do, they risk being treated as general partners with unlimited personal liability.

WORKOUT

A debtor's plan to take care of a debt, by paying it off or through loan forgiveness. Workouts are often created to avoid bankruptcy or foreclosure proceedings.

CREDIT COUNSELING

Counseling that explores the possibility of repaying debts outside of bankruptcy and educates the debtor about credit, budgeting, and financial management. Unde... (more...)

Counseling that explores the possibility of repaying debts outside of bankruptcy and educates the debtor about credit, budgeting, and financial management. Under the new bankruptcy law, a debtor must undergo credit counseling with an approved provider before filing for bankruptcy.

GRACE PERIOD

A period of time during which you are not required to make payments on a debt. For example, most credit cards give you a grace period of 20-30 days before you h... (more...)

A period of time during which you are not required to make payments on a debt. For example, most credit cards give you a grace period of 20-30 days before you have to pay interest on the amount of your purchases. Cash advances, however, usually have no grace period; interest begins to accumulate from the date of the withdrawal, even if you pay your bills on time. Also, some student loans give you a grace period after graduating or dropping out of school. During this time, you are not required to make payments on your loan.

REDEMPTION

In Chapter 7 bankruptcy, when the debtor obtains legal title to collateral for a debt by paying the creditor the replacement value of the collateral in a lump s... (more...)

In Chapter 7 bankruptcy, when the debtor obtains legal title to collateral for a debt by paying the creditor the replacement value of the collateral in a lump sum. For example, a debtor may redeem a car note by paying the lender the amount a retail vendor would charge for the car, considering its age and condition.

NONEXEMPT PROPERTY

The property you risk losing to your creditors when you file a Chapter 7 bankruptcy or when a creditor sues you and wins a judgment. Nonexempt property typicall... (more...)

The property you risk losing to your creditors when you file a Chapter 7 bankruptcy or when a creditor sues you and wins a judgment. Nonexempt property typically includes valuable clothing (furs) and electronic equipment, an expensive car that's been paid off and most of the equity in your house. Compare exempt property.

CHAPTER 13 BANKRUPTCY

The reorganization bankruptcy for consumers, in which you partially or fully repay your debts. In Chapter 13 bankruptcy, you keep your property and use your inc... (more...)

The reorganization bankruptcy for consumers, in which you partially or fully repay your debts. In Chapter 13 bankruptcy, you keep your property and use your income to pay all or a portion of the debts over three to five years. The minimum amount you must pay is roughly equal to the value of your nonexempt property. In addition, you must pledge your disposable net income -- after subtracting reasonable expenses -- for the period during which you are making payments. At the end of the three-to five-year period, the balance of what you owe on most debts is erased.

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Antrim County, MI Reorganization Lawyers

Sponsored Law Firm

Marrs & Terry, PLLC

SPONSORED LAWYERS

Patrick D. Brady

David R. Munroe

Carole E. Brady

Bryan E. Graham

Barry L. Cole

Charles H. Koop

Stacey L. Truesdell

James L. Rossiter

David J. Reck

Peter R. Wendling

TIPS

LEGAL TERMS

CHAPTER 7 BANKRUPTCY

CONSUMER CREDIT COUNSELING SERVICE (CCCS)

LIMITED PARTNERSHIP

WORKOUT

CREDIT COUNSELING

GRACE PERIOD

REDEMPTION

NONEXEMPT PROPERTY

CHAPTER 13 BANKRUPTCY

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