Drummond Island Credit & Debt 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.
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Not enough matches for Drummond Island Credit & Debt lawyer.
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James A. Bias

Real Estate, Family Law, Divorce & Family Law, Criminal

Status: In Good Standing Licensed: 26 Years

CONTACT

Drummond Island, MI 49726

Clifton E. Haley

Intellectual Property, Divorce & Family Law, Business

Status: In Good Standing Licensed: 63 Years

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Drummond Island, MI 49726

Nicole Elizabeth Mills

General Practice

Status: In Good Standing Licensed: 17 Years

CONTACT

30126 E Bill Robinson Dr, Drummond Island, MI 49726

Michael W. Macdonald

General Practice

Status: Inactive Licensed: 42 Years

CONTACT

29955 E Backamac Row, Drummond Island, MI 49726

Mark Nicholas Meier

Landlord-Tenant, Estate, Child Custody, Criminal

Status: In Good Standing Licensed: 22 Years

CONTACT

19215 E Steel Rd, de Tour Village, MI 49725

John L Ashworth

General Practice

Status: Inactive

CONTACT

Cedarville, MI 49719

John L Ashworth

General Practice

Status: Inactive Licensed: 64 Years

CONTACT

Cedarville, MI 49719

John L Ashworth

General Practice

Status: Inactive

CONTACT

Cedarville, MI 49719

Daniel Reid Casey

Criminal, Civil & Human Rights

Status: In Good Standing Licensed: 13 Years

CONTACT

1600 Minneapolis St, Sault Sainte Marie, MI 49783

Jennifer J. France

Government, Criminal

Status: In Good Standing Licensed: 22 Years

CONTACT

Sault Sainte Marie, MI 49783

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LEGAL TERMS

MEETING OF CREDITORS

A meeting held with the bankruptcy trustee about a month after you file for bankruptcy. You must attend. The trustee reviews your bankruptcy papers and asks a f... (more...)

A meeting held with the bankruptcy trustee about a month after you file for bankruptcy. You must attend. The trustee reviews your bankruptcy papers and asks a few questions. In a Chapter 7, the meeting of creditors lasts a few minutes and rarely do any creditors show up. In a Chapter 13 bankruptcy, one or two creditors may attend, especially if they disagree with some provision of your repayment plan.

FCRA

See Fair Credit Reporting Act.

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.

REPOSSESSION

A creditor's taking property that has been pledged as collateral for a loan. Lenders will most often repossess cars when the owner has missed loan payments and ... (more...)

A creditor's taking property that has been pledged as collateral for a loan. Lenders will most often repossess cars when the owner has missed loan payments and has not attempted to work with the lender to resolve the problem. A repossessor can't use force to get at your car, but he can legally hot-wire it and even drive it out of your unlocked garage.

S CORPORATION

A term that describes a profit-making corporation organized under state law whose shareholders have applied for and received subchapter S corporation status fro... (more...)

A term that describes a profit-making corporation organized under state law whose shareholders have applied for and received subchapter S corporation status from the Internal Revenue Service. Electing to do business as an S corporation lets shareholders enjoy limited liability status, as would be true of any corporation, but be taxed like a partnership or sole proprietor. That is, instead of being taxed as a separate entity (as would be the case with a regular or C corporation) an S corporation is a pass-through tax entity: income taxes are reported and paid by the shareholders, not the S corporation. To qualify as an S corporation a number of IRS rules must be met, such as a limit of 75 shareholders and citizenship requirements.

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.

DISCHARGEABLE DEBTS

Debts that can be erased by going through bankruptcy. Most debts incurred prior to declaring bankruptcy are dischargeable, including back rent, credit card bill... (more...)

Debts that can be erased by going through bankruptcy. Most debts incurred prior to declaring bankruptcy are dischargeable, including back rent, credit card bills and medical bills. Compare nondischargeable debts.

UNSECURED DEBT

A debt that is not tied to any item of property. A creditor doesn't have the right to grab property to satisfy the debt if you default. The creditor's only reme... (more...)

A debt that is not tied to any item of property. A creditor doesn't have the right to grab property to satisfy the debt if you default. The creditor's only remedy is to sue you and get a judgment. Compare secured debt.

GARNISHMENT

A court-ordered process that takes property from a person to satisfy a debt. For example, a person who owes money to a creditor may have her wages garnished if ... (more...)

A court-ordered process that takes property from a person to satisfy a debt. For example, a person who owes money to a creditor may have her wages garnished if she loses a lawsuit filed by the creditor. Up to 25% of a person's wages can be deducted.

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Drummond Island Credit & Debt Lawyer, Michigan

Sponsored Law Firm

Marrs & Terry, PLLC

SPONSORED LAWYERS

James A. Bias

Clifton E. Haley

Nicole Elizabeth Mills

Michael W. Macdonald

Mark Nicholas Meier

John L Ashworth

John L Ashworth

John L Ashworth

Daniel Reid Casey

Jennifer J. France

TIPS

LEGAL TERMS

MEETING OF CREDITORS

FCRA

CONSUMER CREDIT COUNSELING SERVICE (CCCS)

REPOSSESSION

S CORPORATION

REDEMPTION

DISCHARGEABLE DEBTS

UNSECURED DEBT

GARNISHMENT

SAMPLE LEGAL CASES

New Freedom Mtg. Corp. v. Globe Mtg. Corp.

Barth v. FIRST CONSUMER CREDIT, INC.

CHARTER ONE BANK NA v. JP Morgan Chase Bank, NA

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