Bad Axe 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.
2. AboutExperienced Michigan Lawyer
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Elizabeth Virginia Weisenbach

Traffic, Juvenile Law, DUI-DWI, Criminal

Status: In Good Standing Licensed: 25 Years

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128 W Huron Ave, Bad Axe, MI 48413

Zachary J. Eskau

Real Estate, Litigation, Labor Law, Business

Status: In Good Standing Licensed: 19 Years

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1070 S Collon Dr, Bad Axe, MI 48413

Duane E. Cubitt

Family Law, Estate Planning

Status: In Good Standing Licensed: 55 Years

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575 Rapson Dr, Bad Axe, MI 48413

Dale H. Cubitt

Agriculture

Status: In Good Standing Licensed: 61 Years

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1045 N Collon Dr, Bad Axe, MI 48413

Gerald M. Prill

Government, Divorce & Family Law, Criminal, Accident & Injury

Status: In Good Standing Licensed: 28 Years

CONTACT

250 E Huron Ave, Bad Axe, MI 48413

John D. Schwedler

Real Estate, Wills & Probate, Trusts, Family Law

Status: In Good Standing Licensed: 45 Years

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237 E Huron Ave, Bad Axe, MI 48413

Julienne Michelle Ferris

Juvenile Law, Real Estate, Motor Vehicle, Lawsuit & Dispute

Status: In Good Standing Licensed: 15 Years

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237 E Huron Ave, Bad Axe, MI 48413

Julienne Michelle Ferris

Real Estate, Accident & Injury, Estate Planning, Family Law

Status: In Good Standing Licensed: 15 Years

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237 E Huron Ave, Bad Axe, MI 48413

Andrew R. Lockard

Estate, Family Law, Criminal, Credit & Debt

Status: In Good Standing Licensed: 21 Years

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225 E Woodworth St, Bad Axe, MI 48413

James N. Woodworth

Traffic

Status: In Good Standing

CONTACT

Bad Axe, MI 48413

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LEGAL TERMS

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.

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.

DEBIT CARD

A card issued by a bank that combines the functions of an ATM card and checks. A debit card can be used to withdraw cash at a bank like an ATM card, and it can ... (more...)

A card issued by a bank that combines the functions of an ATM card and checks. A debit card can be used to withdraw cash at a bank like an ATM card, and it can also be used at stores to pay for goods and services in place of a check. Unlike a credit card, a debit card automatically withdraws money from your checking account at the time of the transaction. Debit cards are regulated by the Electronic Funds Transfer Act.

C CORPORATION

Common business slang to distinguish a corporation whose profits are taxed separate from its owners under subchapter C of the Internal Revenue Code, from an S c... (more...)

Common business slang to distinguish a corporation whose profits are taxed separate from its owners under subchapter C of the Internal Revenue Code, from an S corporation, whose profits are passed through to shareholders and taxed on their personal returns under subchapter S of the Internal Revenue Code.

PRESUMED ABUSE

In a Chapter 7 bankruptcy, when the debtor's current monthly income exceeds the family median income for his or her state and he or she cannot pass the means te... (more...)

In a Chapter 7 bankruptcy, when the debtor's current monthly income exceeds the family median income for his or her state and he or she cannot pass the means test, the court will presume that the debtor has sufficient income to fund a Chapter 13 plan. In this situation, the debtor will not be allowed to proceed with a Chapter 7 bankruptcy unless the debtor can prove that he or she is not abusing the Chapter 7 bankruptcy remedy.

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.

ADMINISTRATIVE EXPENSES

The trustee's fee, the debtor's attorney fees, and other costs of bringing a bankruptcy case that a debtor must pay in full in a Chapter 13 repayment plan. Admi... (more...)

The trustee's fee, the debtor's attorney fees, and other costs of bringing a bankruptcy case that a debtor must pay in full in a Chapter 13 repayment plan. Administrative costs are typically 10% of the debtor's total payments under the plan.

NUISANCE FEES

Money charged by some credit card companies to increase their profits when you fail to use the card the way the creditor wants. Examples include late payment fe... (more...)

Money charged by some credit card companies to increase their profits when you fail to use the card the way the creditor wants. Examples include late payment fees, inactivity fees and fees for not carrying a balance from month to month. It's best to shop around and get rid of cards that have these fees attached.

SETOFF

A claim made by someone who allegedly owes money, that the amount should be reduced because the other person owes him money. This is often raised in a countercl... (more...)

A claim made by someone who allegedly owes money, that the amount should be reduced because the other person owes him money. This is often raised in a counterclaim filed by a defendant in a lawsuit. Banks may try to exercise a setoff by taking money out of a deposit account to satisfy past due payments on a loan or credit card bill. Such an act is illegal under most circumstances.

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Bad Axe Reorganization Lawyer, Michigan

Sponsored Law Firm

Marrs & Terry, PLLC

SPONSORED LAWYERS

Elizabeth Virginia Weisenbach

Zachary J. Eskau

Duane E. Cubitt

Dale H. Cubitt

Gerald M. Prill

John D. Schwedler

Julienne Michelle Ferris

Julienne Michelle Ferris

Andrew R. Lockard

James N. Woodworth

TIPS

LEGAL TERMS

DISCHARGEABLE DEBTS

INTEREST

DEBIT CARD

C CORPORATION

PRESUMED ABUSE

PROCEEDS FOR DAMAGED EXEMPT PROPERTY

ADMINISTRATIVE EXPENSES

NUISANCE FEES

SETOFF

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