Drummond Island Reorganization Lawyer, Michigan, page 4

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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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Michael T. Veum

Real Estate, Estate Planning, Estate, Civil & Human Rights

Status: In Good Standing Licensed: 26 Years

CONTACT

216 Ashmun St, Sault Sainte Marie, MI 49783

Paul M. Brewster

Construction, Medicare & Medicaid, Estate Planning, Credit & Debt

Status: In Good Standing Licensed: 43 Years

CONTACT

111 Ashmun St, Sault Sainte Marie, MI 49783

Guy W. Lewinski

Employment, Business

Status: In Good Standing Licensed: 48 Years

CONTACT

111 Ashmun St, Sault Sainte Marie, MI 49783

Mark L. Dobias

Traffic, Federal Appellate Practice, Insurance, Wrongful Death

Status: In Good Standing

CONTACT

546 Ashmun St, Sault Sainte Marie, MI 49783

Charles William Malette

Estate, Criminal

Status: In Good Standing Licensed: 19 Years

CONTACT

651 Bingham Ave, Sault Sainte Marie, MI 49783

Robert L. Stratton

General Practice

Status: In Good Standing Licensed: 20 Years

CONTACT

325 Court St, Sault Sainte Marie, MI 49783

James P. Lambros

Government

Status: In Good Standing Licensed: 24 Years

CONTACT

319 Court St, Sault Sainte Marie, MI 49783

Charles J. Palmer

Bankruptcy

Status: In Good Standing Licensed: 38 Years

CONTACT

545 Ashmun St, Sault Sainte Marie, MI 49783

Alexis Marie Lambros

General Practice

Status: In Good Standing Licensed: 22 Years

CONTACT

544 Ashmun St, Sault Sainte Marie, MI 49783

Monica Lubiarz Quigley

Family Law, Contract, Real Estate, Child Custody

Status: In Good Standing Licensed: 34 Years

CONTACT

544 Ashmun St, Sault Sainte Marie, MI 49783

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LEGAL TERMS

TRUTH IN LENDING ACT (TILA)

A federal law that requires credit and charge card companies to disclose interest rates and other information about an account. It also requires lenders to disc... (more...)

A federal law that requires credit and charge card companies to disclose interest rates and other information about an account. It also requires lenders to disclose the terms of a loan, including the total amount of the loan, the annual interest rate and the number, amount and due dates of all payments necessary to repay the loan. The TILA requires additional disclosures and places many restrictions on mortgages.

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.

GARNISHMENT

A court-ordered process that takes property from a person to satisfy a debt. For example, a person who owes money to a creditor may have her wages garnished if ... (more...)

A court-ordered process that takes property from a person to satisfy a debt. For example, a person who owes money to a creditor may have her wages garnished if she loses a lawsuit filed by the creditor. Up to 25% of a person's wages can be deducted.

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.

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.

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.

FCBA

See Fair Credit Billing Act.

LIMITED LIABILITY

The maximum amount a business owner can lose if the business is subject to debts, claims or other liabilities. An owner of a limited liability company (LLC) or ... (more...)

The maximum amount a business owner can lose if the business is subject to debts, claims or other liabilities. An owner of a limited liability company (LLC) or a person who invests in a corporation (a shareholder) generally stands to lose only the amount of money invested in the business. This means that if the business folds, creditors cannot seize or sell an owner's home, car, or other personal assets.

FORBEARANCE

Voluntarily refraining from doing something, such as asserting a legal right. For example, a creditor may forbear on its right to collect a debt by temporarily ... (more...)

Voluntarily refraining from doing something, such as asserting a legal right. For example, a creditor may forbear on its right to collect a debt by temporarily postponing or reducing the borrower's payments.

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Drummond Island Reorganization Lawyer, Michigan, page 4

Sponsored Law Firm

Marrs & Terry, PLLC

SPONSORED LAWYERS

Michael T. Veum

Paul M. Brewster

Guy W. Lewinski

Mark L. Dobias

Charles William Malette

Robert L. Stratton

James P. Lambros

Charles J. Palmer

Alexis Marie Lambros

Monica Lubiarz Quigley

TIPS

LEGAL TERMS

TRUTH IN LENDING ACT (TILA)

DOING BUSINESS AS (DBA)

GARNISHMENT

LIABILITY

NONEXEMPT PROPERTY

DISPOSABLE INCOME

FCBA

LIMITED LIABILITY

FORBEARANCE

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