Benzie County, MI Reorganization 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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Brian L. Johnson

Estate, Estate Planning, Wills & Probate, Trusts, Real Estate

Status: In Good Standing Licensed: 28 Years

FREE CONSULTATION

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Elberta, MI 49628

Lisa J. Vogler

Litigation, Lawsuit & Dispute, Contract, Personal Injury

Status: In Good Standing Licensed: 38 Years

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57 N Michigan Ave, Beulah, MI 49617

John R. Wheeler

Real Estate, Environmental Law Other, Immigration, Government

Status: In Good Standing Licensed: 33 Years

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Frankfort, MI 49635

John Russell Wheeler

Real Estate, Environmental Law Other, Immigration, Government

Status: In Good Standing Licensed: 33 Years

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Frankfort, MI 49635

Jesse Latta Williams

Government, Divorce & Family Law, Criminal, Bankruptcy & Debt

Status: In Good Standing

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2899 Benzie Highway, Benzonia, MI 49616

John B. Daugherty

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Status: In Good Standing

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249 S Benzie Blvd, Beulah, MI 49617

Grazina Ronkaitis

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Status: In Good Standing Licensed: 40 Years

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7148 Indian Hill Rd, Honor, MI 49640

Joan S. Mckay

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Status: In Good Standing Licensed: 48 Years

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55 Sunset Dr, Frankfort, MI 49635

Frederik F. Stig-nielsen

Agriculture, Divorce & Family Law, Criminal, Native People

Status: In Good Standing Licensed: 10 Years

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427 Main Street, Frankfort, MI 49635

Lawrence I. Mckay

Real Estate, Estate Planning, Estate

Status: In Good Standing Licensed: 50 Years

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55 Sunset Dr, Frankfort, MI 49635

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LEGAL TERMS

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.

BANKRUPTCY

A legal proceeding that relieves you of the responsibility of paying your debts or provides you with protection while attempting to repay your debts. There are ... (more...)

A legal proceeding that relieves you of the responsibility of paying your debts or provides you with protection while attempting to repay your debts. There are two types of bankruptcies -- liquidation, in which your debts are wiped out (discharged) and reorganization, in which you provide the court with a plan for how you intend to repay your debts. For both consumers and business, liquidation bankruptcy is called Chapter 7. For consumers, reorganization bankruptcy is called Chapter 13. Reorganization bankruptcy for consumers with an extraordinary amount of debt and for businesses is called Chapter 11. Reorganization bankruptcy for family farmers is called Chapter 12.

FCRA

See Fair Credit Reporting Act.

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.

FCBA

See Fair Credit Billing Act.

FAIR DEBT COLLECTIONS & PRACTICES ACT (FDCPA)

A federal law that outlaws unfair debt collection practices, including lying, harassing, misleading and otherwise abusing debtors, by debt collectors working fo... (more...)

A federal law that outlaws unfair debt collection practices, including lying, harassing, misleading and otherwise abusing debtors, by debt collectors working for collection agencies. The law does not apply to creditors collecting their own debts. This law has greatly improved conditions for debtors, although more than a few debt collectors ignore the law. If a collection agency violates the law, debtors can contact the Federal Trade Commission for help.

TRADE NAME

The official name of a business, the one it uses on its letterhead and bank account when not dealing with consumers.

CREDITOR

A person or entity (such as a bank) to whom a debt is owed.

DEFINED CONTRIBUTION PLAN

A type of pension plan that does not guarantee any particular pension amount upon retirement. Instead, the employer pays into the pension fund a certain amount ... (more...)

A type of pension plan that does not guarantee any particular pension amount upon retirement. Instead, the employer pays into the pension fund a certain amount every month, or every year, for each employee. The employer usually pays a fixed percentage of an employee's wages or salary, although sometimes the amount is a fraction of the company's profits, with the size of each employee's pension share depending on the amount of wage or salary. Upon retirement, each employee's pension is determined by how much was contributed to the fund on behalf of that employee over the years, plus whatever earnings that money has accumulated as part of the investments of the entire pension fund.

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Benzie County, MI Reorganization Lawyers

Sponsored Law Firm

Marrs & Terry, PLLC

SPONSORED LAWYERS

Brian L. Johnson

Lisa J. Vogler

John R. Wheeler

John Russell Wheeler

Jesse Latta Williams

John B. Daugherty

Grazina Ronkaitis

Joan S. Mckay

Frederik F. Stig-nielsen

Lawrence I. Mckay

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INTEREST

BANKRUPTCY

FCRA

S CORPORATION

FCBA

FAIR DEBT COLLECTIONS & PRACTICES ACT (FDCPA)

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