Arenac County, MI Bankruptcy & Debt 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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Jacob Anthony Cristoforo

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Criminal, Divorce & Family Law, Litigation, Traffic, Misdemeanor

Jacob Cristoforo is a practicing attorney in the state of Michigan.

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CONTACT

989-891-6688

P.O. Box 428, Standish, MI 48658

Bond Sappington

General Practice

Status: In Good Standing Licensed: 33 Years

CONTACT

6690 Brennon Rd, Sterling, MI 48659

Curtis G. Broughton

Accident & Injury, Bankruptcy & Debt, Divorce & Family Law, Estate

Status: In Good Standing Licensed: 32 Years

CONTACT

808 W Cedar St, Standish, MI 48658

Duane L. Hadley

Real Estate, Traffic, Estate, Wrongful Termination, Criminal

Status: In Good Standing Licensed: 27 Years

CONTACT

206 E Cedar St, Standish, MI 48658

Edward J. Wieferman

General Practice

Status: Inactive Licensed: 56 Years

CONTACT

6588 Winterset Dr, Alger, MI 48610

Floyd K. Reynolds

Government

Status: In Good Standing Licensed: 40 Years

CONTACT

5441 Elm St, Standish, MI 48658

Garner F. Dewey

Federal Appellate Practice, Government, Divorce & Family Law, Accident & Injury

Status: In Good Standing Licensed: 48 Years

CONTACT

206 N Forest St, Standish, MI 48658

Melissa Sue Sprague

Real Estate, Estate, Divorce & Family Law, Bankruptcy & Debt, Contract

Status: In Good Standing Licensed: 16 Years

CONTACT

413 E Cedar St, Standish, MI 48658

Patrick R. Winter

Real Estate, Estate Planning, Estate

Status: In Good Standing Licensed: 50 Years

CONTACT

206 E Cedar St, Standish, MI 48658

Richard E. Vollbach

Estate Planning, Estate, Family Law, Divorce & Family Law

Status: In Good Standing Licensed: 33 Years

CONTACT

120 N Grove St, Standish, MI 48658

800-923-0641

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LEGAL TERMS

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.

BANKRUPTCY TRUSTEE

A person appointed by the court to oversee the case of a person or business that has filed for bankruptcy. In a consumer Chapter 7 case, the trustee's role is t... (more...)

A person appointed by the court to oversee the case of a person or business that has filed for bankruptcy. In a consumer Chapter 7 case, the trustee's role is to gather the debtor's nonexempt property, liquidate it and distribute it proportionally to her creditors. In a Chapter 13 case, the trustee's role is to receive the debtor's monthly payments and distribute them proportionally to her creditors.

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.

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.

ACCORD AND SATISFACTION

An agreement to settle a contract dispute by accepting less than what's due. This procedure is often used by creditors who want to cut their losses by collectin... (more...)

An agreement to settle a contract dispute by accepting less than what's due. This procedure is often used by creditors who want to cut their losses by collecting as much money as they can from debtors who cannot pay the full amount.

LIEN

The right of a secured creditor to grab a specific item of property if you don't pay a debt. Liens you agree to are called security interests, and include mortg... (more...)

The right of a secured creditor to grab a specific item of property if you don't pay a debt. Liens you agree to are called security interests, and include mortgages, home equity loans, car loans and personal loans for which you pledge property to guarantee repayment. Liens created without your consent are called nonconsensual liens, and include judgment liens (liens filed by a creditor who has sued you and obtained a judgment), tax liens and mechanics liens (liens filed by a contractor who worked on your house but wasn't paid).

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.

FCRA

See Fair Credit Reporting Act.

LIQUIDATING PARTNER

The member of an insolvent or dissolving partnership responsible for paying the debts and settling the accounts of the partnership.

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Arenac County, MI Bankruptcy & Debt Lawyers

Sponsored Law Firm

Marrs & Terry, PLLC

SPONSORED LAWYERS

Jacob Anthony Cristoforo

Bond Sappington

Curtis G. Broughton

Duane L. Hadley

Edward J. Wieferman

Floyd K. Reynolds

Garner F. Dewey

Melissa Sue Sprague

Patrick R. Winter

Richard E. Vollbach

TIPS

LEGAL TERMS

S CORPORATION

BANKRUPTCY TRUSTEE

REPOSSESSION

REDEMPTION

ACCORD AND SATISFACTION

LIEN

SOLE PROPRIETORSHIP

FCRA

LIQUIDATING PARTNER

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