Bruce Crossing Collection Lawyer, Michigan

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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.
2. AboutExperienced Michigan Lawyer
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Not enough matches for Bruce Crossing Collection lawyer.
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Mark A. Esqueda

Criminal, Native People, Civil & Human Rights

Status: In Good Standing Licensed: 27 Years

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N5384 US Hwy 45, Watersmeet, MI 49969

Jennifer L. Bliss

Native People, Civil & Human Rights, Administrative Law, Business, Slip & Fall Accident

Status: In Good Standing Licensed: 26 Years

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Watersmeet, MI 49969

James R. Jessup

General Practice

Status: Inactive Licensed: 44 Years

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37454 Strang Rd, Ontonagon, MI 49953

Lois S. Kallunki

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34374 State Highway M64, Ontonagon, MI 49953

Jesse J. Monville

General Practice

Status: In Good Standing Licensed: 21 Years

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33 Hemlock St, White Pine, MI 49971

Teddy J. Baird

Real Estate, Government, Elder Law, Family Law

Status: In Good Standing Licensed: 44 Years

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300 Poplar St, Ontonagon, MI 49953

Andrew Charles Seid

General Practice

Status: In Good Standing Licensed: 11 Years

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30482 Dutch Rd, Ontonagon, MI 49953

Sara J. Basso

Dispute Resolution, Lawsuit & Dispute, Administrative Law, Business

Status: In Good Standing

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2017 Ponozzo Rd, Iron River, MI 49935

John S. Robinson

General Practice

Status: Inactive

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509 Epidote St, Ontonagon, MI 49953

Jerry D. Taylor

Real Estate, Dispute Resolution, Lawsuit & Dispute, Agriculture

Status: In Good Standing Licensed: 37 Years

CONTACT

25021 Saarinen Rd, Watton, MI 49970

800-923-0641

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LEGAL TERMS

LIABILITY

(1) The state of being liable--that is, legally responsible for an act or omission. Example:Peri hires Paul to fix a broken pipe in her bathroom, but the new pi... (more...)

(1) The state of being liable--that is, legally responsible for an act or omission. Example:Peri hires Paul to fix a broken pipe in her bathroom, but the new pipe bursts the day after Paul installs it, ruining the bathroom floor. This raises the issue of liability: Who is responsible for the damage? Peri claims that Paul is responsible, and sues him for the cost of hiring another plumber to fix the pipe and replacing the floor. Paul, in turn, claims that the pipe manufacturer is responsible, because they supplied him with faulty materials. Both Peri and Paul must prove their claims in court; if Paul and/or the manufacturer is found liable, one or both will have to pay damages to Peri. (2) Something for which a person is liable. For example, a debt is often called a liability.

GENERAL PARTNER

A person who joins with at least one other to own and operate a business for profit -- and who (unlike a corporation's owners), is personally liable for all the... (more...)

A person who joins with at least one other to own and operate a business for profit -- and who (unlike a corporation's owners), is personally liable for all the business's debts and obligations. A general partner's actions can legally bind the entire business. See also partnership, limited partnership.

FCBA

See Fair Credit Billing Act.

NONPROFIT CORPORATION

A legal structure authorized by state law allowing people to come together to either benefit members of an organization (a club, or mutual benefit society) or f... (more...)

A legal structure authorized by state law allowing people to come together to either benefit members of an organization (a club, or mutual benefit society) or for some public purpose (such as a hospital, environmental organization or literary society). Nonprofit corporations, despite the name, can make a profit, but the business cannot be designed primarily for profit-making purposes, and the profits must be used for the benefit of the organization or purpose the corporation was created to help. When a nonprofit corporation dissolves, any remaining assets must be distributed to another nonprofit, not to board members. As with for-profit corporations, directors of nonprofit corporations are normally shielded from personal liability for the organization's debts. Some nonprofit corporations qualify for a federal tax exemption under _ 501(c)(3) of the Internal Revenue Code, with the result that contributions to the nonprofit are tax deductible by their donors.

DISPOSABLE INCOME

The difference between a debtor's current monthly income and allowable expenses. This is the amount that the new bankruptcy law deems available to pay into a Ch... (more...)

The difference between a debtor's current monthly income and allowable expenses. This is the amount that the new bankruptcy law deems available to pay into a Chapter 13 plan.

FORBEARANCE

Voluntarily refraining from doing something, such as asserting a legal right. For example, a creditor may forbear on its right to collect a debt by temporarily ... (more...)

Voluntarily refraining from doing something, such as asserting a legal right. For example, a creditor may forbear on its right to collect a debt by temporarily postponing or reducing the borrower's payments.

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.

SOLE PROPRIETORSHIP

A business owned and managed by one person (or for tax purposes, a husband and wife). For IRS purposes, a sole proprietor and her business are one tax entity, m... (more...)

A business owned and managed by one person (or for tax purposes, a husband and wife). For IRS purposes, a sole proprietor and her business are one tax entity, meaning that business profits are reported and taxed on the owner's personal tax return. Setting up a sole proprietorship is cheap and easy since no legal formation documents need be filed with any governmental agency (although tax registration and other permit and license requirements may still apply). Once you file a fictitious name statement (assuming you don't use your own name) and obtain any required basic tax permits and business licenses, you'll be in business. The main downside of a sole proprietorship is that its owner is personally liable for all business debts.

CURRENT MONTHLY INCOME

As defined by the new bankruptcy law, a bankruptcy filer's total gross income (whether taxable or not), averaged over the six-month period immediately preceding... (more...)

As defined by the new bankruptcy law, a bankruptcy filer's total gross income (whether taxable or not), averaged over the six-month period immediately preceding the bankruptcy filing. The debtor's current monthly income is used to determine whether the debtor can file for Chapter 7 bankruptcy, among other things.

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Bruce Crossing Collection Lawyer, Michigan

Sponsored Law Firm

Marrs & Terry, PLLC

SPONSORED LAWYERS

Mark A. Esqueda

Jennifer L. Bliss

James R. Jessup

Lois S. Kallunki

Jesse J. Monville

Teddy J. Baird

Andrew Charles Seid

Sara J. Basso

John S. Robinson

Jerry D. Taylor

TIPS

LEGAL TERMS

LIABILITY

GENERAL PARTNER

FCBA

NONPROFIT CORPORATION

DISPOSABLE INCOME

FORBEARANCE

LIMITED PARTNERSHIP

SOLE PROPRIETORSHIP

CURRENT MONTHLY INCOME

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