Litchfield 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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Joseph S. Filip

Collection, Traffic, Landlord-Tenant

Status: In Good Standing Licensed: 51 Years

CONTACT

755 W Michigan Ave, Jackson, MI 49201

Kimberly C. Wilson

Real Estate, Reinsurance, Business, Consumer Bankruptcy

Status: In Good Standing

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759 Beverly Park Pl, Jackson, MI 49203

Larry William Schlusler

Administrative Law, Bankruptcy, Workers' Compensation, Social Security

Status: In Good Standing

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3625 Whispering Woods Dr, Jackson, MI 49201

Leo J. Foley

Lawsuit & Dispute, Family Law, DUI-DWI, Bankruptcy & Debt

Status: In Good Standing Licensed: 44 Years

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15 N West St, Hillsdale, MI 49242

Leo Joseph Foley

Bankruptcy, Bankruptcy & Debt

Status: In Good Standing Licensed: 44 Years

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15 N West St, Hillsdale, MI 49242

Lineas L Baze

Bankruptcy

Status: In Good Standing Licensed: 41 Years

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335 W Cortland Ave, Jackson, MI 49201

Makayla Mary Bendele

Contract, Copyright, Collection, Agriculture

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24 Divison St, Coldwater, MI 49036

Mark Howard Hashley

Litigation, Family Law, Divorce & Family Law, Bankruptcy & Debt

Status: In Good Standing

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605 W Michigan Ave, Jackson, MI 49201

Michael Kevin Falahee

Divorce, Contract, Collection, Personal Injury

Status: In Good Standing Licensed: 19 Years

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1000 Laurence Ave, Jackson, MI 49202

Michael J. Murphy

General Practice

Status: In Good Standing Licensed: 46 Years

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1001 S Kalamazoo Ave, Marshall, MI 49068

800-923-0641

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LEGAL TERMS

401(K) PLAN

A deferred compensation savings program in which employees invest part of their wages, sometimes along with employer contributions, to save on taxes. No income ... (more...)

A deferred compensation savings program in which employees invest part of their wages, sometimes along with employer contributions, to save on taxes. No income taxes on the amount invested and any earnings are due until the employee withdraws money from the fund.

FCBA

See Fair Credit Billing Act.

CREDIT COUNSELING

Counseling that explores the possibility of repaying debts outside of bankruptcy and educates the debtor about credit, budgeting, and financial management. Unde... (more...)

Counseling that explores the possibility of repaying debts outside of bankruptcy and educates the debtor about credit, budgeting, and financial management. Under the new bankruptcy law, a debtor must undergo credit counseling with an approved provider before filing for bankruptcy.

FCRA

See Fair Credit Reporting Act.

MEETING OF CREDITORS

A meeting held with the bankruptcy trustee about a month after you file for bankruptcy. You must attend. The trustee reviews your bankruptcy papers and asks a f... (more...)

A meeting held with the bankruptcy trustee about a month after you file for bankruptcy. You must attend. The trustee reviews your bankruptcy papers and asks a few questions. In a Chapter 7, the meeting of creditors lasts a few minutes and rarely do any creditors show up. In a Chapter 13 bankruptcy, one or two creditors may attend, especially if they disagree with some provision of your repayment plan.

GUARANTOR

A person who makes a legally binding promise to either pay another person's debt or perform another person's duty if that person defaults or fails to perform. T... (more...)

A person who makes a legally binding promise to either pay another person's debt or perform another person's duty if that person defaults or fails to perform. The guarantor gives a 'guaranty,' which is an assurance that the debt or other obligation will be fulfilled.

WORKOUT

A debtor's plan to take care of a debt, by paying it off or through loan forgiveness. Workouts are often created to avoid bankruptcy or foreclosure proceedings.

CHAPTER 7 BANKRUPTCY

The most familiar type of bankruptcy, in which many or all of your debts are wiped out completely in exchange for giving up your nonexempt property. Chapter 7 b... (more...)

The most familiar type of bankruptcy, in which many or all of your debts are wiped out completely in exchange for giving up your nonexempt property. Chapter 7 bankruptcy takes from three to six months, costs about $200, and commonly requires only one trip to the courthouse.

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.

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Litchfield Reorganization Lawyer, Michigan, page 2

Sponsored Law Firm

Marrs & Terry, PLLC

SPONSORED LAWYERS

Joseph S. Filip

Kimberly C. Wilson

Larry William Schlusler

Leo J. Foley

Leo Joseph Foley

Lineas L Baze

Makayla Mary Bendele

Mark Howard Hashley

Michael Kevin Falahee

Michael J. Murphy

TIPS

LEGAL TERMS

401(K) PLAN

FCBA

CREDIT COUNSELING

FCRA

MEETING OF CREDITORS

GUARANTOR

WORKOUT

CHAPTER 7 BANKRUPTCY

CHAPTER 13 BANKRUPTCY

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