Drummond Island 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 Drummond Island Reorganization lawyer.
Below are all Drummond Island lawyers.

James A. Bias

Real Estate, Family Law, Divorce & Family Law, Criminal

Status: In Good Standing Licensed: 26 Years

CONTACT

Drummond Island, MI 49726

Clifton E. Haley

Intellectual Property, Divorce & Family Law, Business

Status: In Good Standing Licensed: 63 Years

CONTACT

Drummond Island, MI 49726

Nicole Elizabeth Mills

General Practice

Status: In Good Standing Licensed: 17 Years

CONTACT

30126 E Bill Robinson Dr, Drummond Island, MI 49726

Michael W. Macdonald

General Practice

Status: Inactive Licensed: 43 Years

CONTACT

29955 E Backamac Row, Drummond Island, MI 49726

Mark Nicholas Meier

Landlord-Tenant, Estate, Child Custody, Criminal

Status: In Good Standing Licensed: 22 Years

CONTACT

19215 E Steel Rd, de Tour Village, MI 49725

John L Ashworth

General Practice

Status: Inactive

CONTACT

Cedarville, MI 49719

John L Ashworth

General Practice

Status: Inactive Licensed: 65 Years

CONTACT

Cedarville, MI 49719

John L Ashworth

General Practice

Status: Inactive

CONTACT

Cedarville, MI 49719

Daniel Reid Casey

Criminal, Civil & Human Rights

Status: In Good Standing Licensed: 13 Years

CONTACT

1600 Minneapolis St, Sault Sainte Marie, MI 49783

Jennifer J. France

Government, Criminal

Status: In Good Standing Licensed: 22 Years

CONTACT

Sault Sainte Marie, MI 49783

800-923-0641

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LEGAL TERMS

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.

CREDITOR

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

CHAPTER 13 BANKRUPTCY

The reorganization bankruptcy for consumers, in which you partially or fully repay your debts. In Chapter 13 bankruptcy, you keep your property and use your inc... (more...)

The reorganization bankruptcy for consumers, in which you partially or fully repay your debts. In Chapter 13 bankruptcy, you keep your property and use your income to pay all or a portion of the debts over three to five years. The minimum amount you must pay is roughly equal to the value of your nonexempt property. In addition, you must pledge your disposable net income -- after subtracting reasonable expenses -- for the period during which you are making payments. At the end of the three-to five-year period, the balance of what you owe on most debts is erased.

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.

PRIORITY DEBT

A type of debt that is paid first if there are distributions made from the bankruptcy estate in a Chapter 7 bankruptcy, and must be paid in full in a Chapter 13... (more...)

A type of debt that is paid first if there are distributions made from the bankruptcy estate in a Chapter 7 bankruptcy, and must be paid in full in a Chapter 13 bankruptcy. Priority debts include alimony and child support, fees owed to the trustee and the attorney in the bankruptcy case, and wages owed to employees.

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.

GENERAL PARTNER

A person who joins with at least one other to own and operate a business for profit -- and who (unlike a corporation's owners), is personally liable for all the... (more...)

A person who joins with at least one other to own and operate a business for profit -- and who (unlike a corporation's owners), is personally liable for all the business's debts and obligations. A general partner's actions can legally bind the entire business. See also partnership, limited partnership.

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.

ABUSE

Misuse of the Chapter 7 bankruptcy remedy. This term is typically applied to Chapter 7 bankruptcy filings that should have been filed under Chapter 13, because ... (more...)

Misuse of the Chapter 7 bankruptcy remedy. This term is typically applied to Chapter 7 bankruptcy filings that should have been filed under Chapter 13, because the debtor appears to have enough disposable income to fund a Chapter 13 repayment plan.

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Drummond Island Reorganization Lawyer, Michigan

Sponsored Law Firm

Marrs & Terry, PLLC

SPONSORED LAWYERS

James A. Bias

Clifton E. Haley

Nicole Elizabeth Mills

Michael W. Macdonald

Mark Nicholas Meier

John L Ashworth

John L Ashworth

John L Ashworth

Daniel Reid Casey

Jennifer J. France

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LEGAL TERMS

DOING BUSINESS AS (DBA)

CREDITOR

CHAPTER 13 BANKRUPTCY

TRUTH IN LENDING ACT (TILA)

PRIORITY DEBT

SOLE PROPRIETORSHIP

GENERAL PARTNER

PRESUMED ABUSE

ABUSE

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