Manistee County, MI Reorganization Lawyers, 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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Robert W. Daniels

General Practice

Status: In Good Standing Licensed: 33 Years

CONTACT

59 Smith St, Manistee, MI 49660

Connie P. Krusniak

Family Law, Divorce & Family Law, Children's Rights

Status: In Good Standing Licensed: 37 Years

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415 3Rd St, Manistee, MI 49660

Sheryl A. Winter

Divorce & Family Law

Status: In Good Standing Licensed: 34 Years

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214 E Kott Rd, Manistee, MI 49660

Dennis E. O'Connor

General Practice

Status: Inactive Licensed: 58 Years

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2266 Red Apple Rd, Manistee, MI 49660

Brent V. Danielson

Divorce & Family Law

Status: Inactive Licensed: 49 Years

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2295 Cherry Rd, Manistee, MI 49660

Leslie E. Van Alstine

Real Estate, Criminal, Native People, Business

Status: In Good Standing Licensed: 30 Years

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255 River St, Manistee, MI 49660

Daniel D. Hesslin

Real Estate, Estate, Corporate, Administrative Law

Status: In Good Standing Licensed: 76 Years

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414 Water St, Manistee, MI 49660

George V. Saylor

Real Estate, Lawsuit & Dispute, Municipal, Estate, Accident & Injury

Status: In Good Standing Licensed: 40 Years

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414 Water St, Manistee, MI 49660

Jason H. Haag

General Practice

Status: In Good Standing Licensed: 24 Years

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415 3Rd St, Manistee, MI 49660

Gordon Mclellan

Criminal, Real Estate

Status: In Good Standing Licensed: 43 Years

CONTACT

335 River St, Manistee, MI 49660

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LEGAL TERMS

CURRENT MONTHLY INCOME

As defined by the new bankruptcy law, a bankruptcy filer's total gross income (whether taxable or not), averaged over the six-month period immediately preceding... (more...)

As defined by the new bankruptcy law, a bankruptcy filer's total gross income (whether taxable or not), averaged over the six-month period immediately preceding the bankruptcy filing. The debtor's current monthly income is used to determine whether the debtor can file for Chapter 7 bankruptcy, among other things.

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.

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.

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.

CREDIT BUREAU

A private, profit-making company that collects and sells information about a person's credit history. Typical clients include banks, mortgage lenders and credit... (more...)

A private, profit-making company that collects and sells information about a person's credit history. Typical clients include banks, mortgage lenders and credit card companies that use the information to screen applicants for loans and credit cards. There are three major credit bureaus, Equifax, Experian and Trans Union, and they are regulated by the federal 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.

AUTOMATIC STAY

An injunction automatically issued by the bankruptcy court when a debtor files for bankruptcy. The automatic stay prohibits most creditor collection activities,... (more...)

An injunction automatically issued by the bankruptcy court when a debtor files for bankruptcy. The automatic stay prohibits most creditor collection activities, such as filing or continuing lawsuits, making written requests for payment, or notifying credit reporting bureaus of an unpaid debt.

REAFFIRMATION

An agreement that a debtor and a creditor enter into after a debtor has filed for bankruptcy, in which the debtor agrees to repay all or part of an existing deb... (more...)

An agreement that a debtor and a creditor enter into after a debtor has filed for bankruptcy, in which the debtor agrees to repay all or part of an existing debt after the bankruptcy case is over. For instance, a debtor might make a reaffirmation agreement with the holder of a car note that the debtor can keep the car and must continue to pay the debt after bankruptcy.

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.

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Manistee County, MI Reorganization Lawyers, page 4

Sponsored Law Firm

Marrs & Terry, PLLC

SPONSORED LAWYERS

Robert W. Daniels

Connie P. Krusniak

Sheryl A. Winter

Dennis E. O'Connor

Brent V. Danielson

Leslie E. Van Alstine

Daniel D. Hesslin

George V. Saylor

Jason H. Haag

Gordon Mclellan

TIPS

LEGAL TERMS

CURRENT MONTHLY INCOME

FRAUDULENT TRANSFER

PRIORITY DEBT

DOING BUSINESS AS (DBA)

CREDIT BUREAU

MEETING OF CREDITORS

AUTOMATIC STAY

REAFFIRMATION

401(K) PLAN

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