Mason County, MI Bankruptcy Lawyers, page 3

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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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Includes: Bankruptcy Litigation, Commercial Bankruptcy, Consumer Bankruptcy, Dissolution

Not enough matches for Mason Bankruptcy lawyer.
Below are all Mason lawyers.

Robert D. Andrews

Real Estate, Estate Planning, Family Law, Elder Law

Status: In Good Standing Licensed: 60 Years

CONTACT

121 E Ludington Ave, Ludington, MI 49431

Thomas A. Carlson

General Practice

Status: In Good Standing Licensed: 49 Years

CONTACT

7053 Abrahamson Rd, Ludington, MI 49431

David F. Betz

Landlord-Tenant, Federal Appellate Practice, Family Law, Contract

Status: In Good Standing Licensed: 60 Years

CONTACT

708 N Saint Paul St, Ludington, MI 49431

John David Middlebrook

General Practice

Status: Inactive Licensed: 37 Years

CONTACT

1386 Rohrmoser Road, Ludington, MI 49431

Richard I. Cooper

Government

Status: In Good Standing Licensed: 51 Years

CONTACT

Ludington, MI 49431

Susan Powers Malburg

General Practice

Status: In Good Standing Licensed: 19 Years

CONTACT

6773 S Scottville Rd, Scottville, MI 49454

John R. Bulger

Family Law, Divorce & Family Law

Status: In Good Standing Licensed: 45 Years

CONTACT

45 South Jebavy Drive, Ludington, MI 49431

Nicholas Charles Krieger

Other, Estate Planning

Status: In Good Standing Licensed: 19 Years

CONTACT

121 E Ludington Ave, Ludington, MI 49431

John David Middlebrook

General Practice

Status: In Good Standing Licensed: 11 Years

CONTACT

304 E Ludington Ave, Ludington, MI 49431

Mark D. Raven

Estate Planning

Status: In Good Standing Licensed: 43 Years

CONTACT

Ludington, MI 49431

800-923-0641

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LEGAL TERMS

BULK SALES LAW

A law that regulates the transfer of business assets so that business owners cannot dispose of assets in order to avoid creditors. If a business owner wants to ... (more...)

A law that regulates the transfer of business assets so that business owners cannot dispose of assets in order to avoid creditors. If a business owner wants to conduct a bulk sale of business assets -- that is, get rid of an unusually large amount of inventory, merchandise or equipment -- the business owner must typically publish a notice of the sale and give written notice to creditors. Then, the owner must set up an account to hold the funds from the sale for a brief period of time during which creditors may make claims against the money. The prohibition against bulk sales is spelled out in the Uniform Commercial Code -- and laws modeled on the UCC have been generally adopted throughout the country.

INTEREST

A commission you pay a bank or other creditor for lending you money or extending you credit. An interest rate represents the annual percentage that is added to ... (more...)

A commission you pay a bank or other creditor for lending you money or extending you credit. An interest rate represents the annual percentage that is added to your balance. This means that if your loan or credit line has an interest rate of 8%, the holder adds 8% to the balance each year. More specifically, interest is calculated and added to your loan or credit line through a process called compounding. If interest is compounded daily, the balance will rise by 1/365th of 8% each day. If interest is compounded monthly, the balance will rise 1/12th of 8% at the start of each month.

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.

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.

COLLATERAL

Property that guarantees payment of a secured debt.

IRS EXPENSES

A table of national and regional expense estimates published by the IRS. Debtors whose current monthly income is more than their state's median family income mu... (more...)

A table of national and regional expense estimates published by the IRS. Debtors whose current monthly income is more than their state's median family income must use the IRS expenses to calculate their average net income in a Chapter 7 case, or their disposable income in a Chapter 13 case.

PROCEEDS FOR DAMAGED EXEMPT PROPERTY

In a bankruptcy proceeding, money collected through insurance, arbitration, mediation, settlement or a lawsuit to pay for exempt property that's no longer exemp... (more...)

In a bankruptcy proceeding, money collected through insurance, arbitration, mediation, settlement or a lawsuit to pay for exempt property that's no longer exemptible because it has been damaged or destroyed.

UNDUE HARDSHIP

The circumstances in which a debtor may discharge a student loan in bankruptcy. For example, a debtor who has no income and little chance of earning enough in t... (more...)

The circumstances in which a debtor may discharge a student loan in bankruptcy. For example, a debtor who has no income and little chance of earning enough in the future to pay off the loan may be able to show that repayment would be an undue hardship.

DOING BUSINESS AS (DBA)

A situation in which a business owner operates a company under a name different from his or her real name. The owner must file a 'fictitious name statement' or ... (more...)

A situation in which a business owner operates a company under a name different from his or her real name. The owner must file a 'fictitious name statement' or similar document with the appropriate agency -- for example, the county clerk. This enables consumers to discover the names of the business owners, which is important if a consumer needs to sue the business.

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Mason County, MI Bankruptcy Lawyers, page 3

Sponsored Law Firm

Marrs & Terry, PLLC

SPONSORED LAWYERS

Robert D. Andrews

Thomas A. Carlson

David F. Betz

John David Middlebrook

Richard I. Cooper

Susan Powers Malburg

John R. Bulger

Nicholas Charles Krieger

John David Middlebrook

Mark D. Raven

TIPS

LEGAL TERMS

BULK SALES LAW

INTEREST

CHAPTER 13 BANKRUPTCY

DISPOSABLE INCOME

COLLATERAL

IRS EXPENSES

PROCEEDS FOR DAMAGED EXEMPT PROPERTY

UNDUE HARDSHIP

DOING BUSINESS AS (DBA)

SAMPLE LEGAL CASES

RDM Holdings, Ltd. v. Continental Plastics Co.

Gulf Underwriters Ins. Co. v. McCLAIN INDUSTRIES, INC.

MICHIGAN COMMERCE BANK v. PALMS INVESTMENTS, LLC

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