Mullett Lake Reorganization 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 Mullett Lake Reorganization lawyer.
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Alfred E. Feleppa

Landlord-Tenant, Immigration, Estate, Divorce & Family Law, Criminal

Status: In Good Standing Licensed: 28 Years

CONTACT

Cheboygan, MI 49721

Joseph P. Kwiatkowski

Real Estate, Criminal, Business, Accident & Injury

Status: In Good Standing Licensed: 44 Years

CONTACT

11512 N. Straits Highway, Cheboygan, MI 49721

Kathleen A. Lieder

General Practice

Status: In Good Standing Licensed: 47 Years

CONTACT

8660 Folly Dr, Cheboygan, MI 49721

Ronald J. Varga

Family Law, Criminal

Status: In Good Standing Licensed: 42 Years

CONTACT

Cheboygan, MI 49721

Timothy P. Macarthur

Landlord-Tenant, Traffic, Lawsuit & Dispute, Estate, Bankruptcy & Debt

Status: In Good Standing Licensed: 45 Years

CONTACT

9911 N Straits Hwy, Cheboygan, MI 49721

Donna L. Hansel

Immigration, Family Law, Criminal, Car Accident

Status: In Good Standing Licensed: 21 Years

CONTACT

521 Stempkey St, Cheboygan, MI 49721

Daniel J. Loznak

Estate Planning, Estate, Workers' Compensation, Employment

Status: In Good Standing Licensed: 47 Years

CONTACT

521 Stempkey St, Cheboygan, MI 49721

Judith Fleming Varga

Workers' Compensation, Employment

Status: In Good Standing Licensed: 43 Years

CONTACT

300 Mill St, Cheboygan, MI 49721

Lloyd C. Fell

Lawsuit & Dispute, Employment, Business

Status: In Good Standing Licensed: 60 Years

CONTACT

8660 Folly Dr, Cheboygan, MI 49721

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LEGAL TERMS

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.

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.

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.

REAFFIRMATION

An agreement that a debtor and a creditor enter into after a debtor has filed for bankruptcy, in which the debtor agrees to repay all or part of an existing deb... (more...)

An agreement that a debtor and a creditor enter into after a debtor has filed for bankruptcy, in which the debtor agrees to repay all or part of an existing debt after the bankruptcy case is over. For instance, a debtor might make a reaffirmation agreement with the holder of a car note that the debtor can keep the car and must continue to pay the debt after bankruptcy.

DEBT COLLECTOR

A person who works in the in-house collections department of an original creditor or a collection agency to track down debtors and get them to pay what they owe... (more...)

A person who works in the in-house collections department of an original creditor or a collection agency to track down debtors and get them to pay what they owe. Debt collectors can be relentless, often using scare tactics, humiliation and repeated phone calls to extract payments or promises to pay.

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.

FRAUDULENT TRANSFER

In a bankruptcy case, a transfer of property to another for less than the property's value for the purpose of hiding the property from the bankruptcy trustee --... (more...)

In a bankruptcy case, a transfer of property to another for less than the property's value for the purpose of hiding the property from the bankruptcy trustee -- for instance, when a debtor signs a car over to a relative to keep it out of the bankruptcy estate. Fraudulently transferred property can be recovered and sold by the trustee for the benefit of the creditors.

DISCHARGE (OF DEBTS)

A bankruptcy court's erasure of the debts of a person or business that has filed for bankruptcy.

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Mullett Lake Reorganization Lawyer, Michigan

Sponsored Law Firm

Marrs & Terry, PLLC

SPONSORED LAWYERS

Alfred E. Feleppa

Joseph P. Kwiatkowski

Kathleen A. Lieder

Ronald J. Varga

Timothy P. Macarthur

Donna L. Hansel

Daniel J. Loznak

Judith Fleming Varga

Lloyd C. Fell

TIPS

LEGAL TERMS

UNDUE HARDSHIP

NONEXEMPT PROPERTY

LIABILITY

REAFFIRMATION

DEBT COLLECTOR

S CORPORATION

REDEMPTION

FRAUDULENT TRANSFER

DISCHARGE (OF DEBTS)

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