Lake Orion Reorganization Lawyer, Michigan, page 2

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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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Kevin W. Cobb

Employee Rights, Reorganization

Status: In Good Standing Licensed: 47 Years

CONTACT

22011 Village Pines Dr, Franklin, MI 48025

Charles D. Bullock

Family Law, Reorganization, Bankruptcy, Bankruptcy & Debt

Status: In Good Standing Licensed: 30 Years

CONTACT

26100 American Dr, Southfield, MI 48034

Terry O. Lang

International Tax, Gift Taxation, Estate Planning, Reorganization

Status: In Good Standing Licensed: 51 Years

CONTACT

26901 Beaumont Blvd, Southfield, MI 48033

Robert Joseph Gavin

Education, Municipal, Banking & Finance, Reorganization

Status: In Good Standing Licensed: 16 Years

CONTACT

34705 W 12 Mile Rd, Farmington, MI 48331

Edward J. Gudeman

Bankruptcy & Debt, Business & Trade, Reorganization, Credit & Debt, Consumer Bankruptcy

Status: In Good Standing Licensed: 52 Years

CONTACT

1026 West Eleven Mile Road, Royal Oak, MI 48067

Mark D. Lichterman

Pharmaceutical Product, Government, Reorganization, Estate Planning

Status: In Good Standing Licensed: 32 Years

CONTACT

26080 York Rd, Huntington Woods, MI 48070

Mohammed M. Alomari

Employee Rights, Civil Rights, Administrative Law, Reorganization

Status: In Good Standing

CONTACT

24901 Northwestern Hwy, Southfield, MI 48075

Shirley L. Horn

Workout, Reorganization, Bankruptcy, Bankruptcy & Debt, Bankruptcy

Status: In Good Standing Licensed: 30 Years

CONTACT

25600 Woodward Ave, Royal Oak, MI 48067

Michael A. Vacca

Reorganization, Freedom of Religion

Status: In Good Standing Licensed: 14 Years

CONTACT

25557 Cunningham Ave, Warren, MI 48091

800-923-0641

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LEGAL TERMS

FCBA

See Fair Credit Billing Act.

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.

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.

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.

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.

IRS EXPENSES

A table of national and regional expense estimates published by the IRS. Debtors whose current monthly income is more than their state's median family income mu... (more...)

A table of national and regional expense estimates published by the IRS. Debtors whose current monthly income is more than their state's median family income must use the IRS expenses to calculate their average net income in a Chapter 7 case, or their disposable income in a Chapter 13 case.

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.

FRAUDULENT TRANSFER

In a bankruptcy case, a transfer of property to another for less than the property's value for the purpose of hiding the property from the bankruptcy trustee --... (more...)

In a bankruptcy case, a transfer of property to another for less than the property's value for the purpose of hiding the property from the bankruptcy trustee -- for instance, when a debtor signs a car over to a relative to keep it out of the bankruptcy estate. Fraudulently transferred property can be recovered and sold by the trustee for the benefit of the creditors.

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.

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Lake Orion Reorganization Lawyer, Michigan, page 2

Sponsored Law Firm

Marrs & Terry, PLLC

SPONSORED LAWYERS

Kevin W. Cobb

Charles D. Bullock

Terry O. Lang

Robert Joseph Gavin

Edward J. Gudeman

Mark D. Lichterman

Mohammed M. Alomari

Shirley L. Horn

Michael A. Vacca

TIPS

LEGAL TERMS

FCBA

REDEMPTION

LIMITED LIABILITY

TRUTH IN LENDING ACT (TILA)

BANKRUPTCY

IRS EXPENSES

NUISANCE FEES

FRAUDULENT TRANSFER

DEBIT CARD

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