Onondaga Bankruptcy & Debt Lawyer, Michigan, page 3

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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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Bruce A. Timmons

Family Law, Elder Law, Administrative Law, Collection

Status: In Good Standing

CONTACT

2147 Tamarack Dr, Okemos, MI 48864

Robert W. Dietrich

Bankruptcy, Divorce & Family Law

Status: In Good Standing Licensed: 31 Years

CONTACT

3815 W Saint Joseph St, Lansing, MI 48917

Norman C. Witte

Landlord-Tenant, Litigation, Business, Collection

Status: In Good Standing Licensed: 37 Years

CONTACT

119 E Kalamazoo St, Lansing, MI 48933

Mick Grewal Sr.

Real Estate, Family Law, Criminal, Bankruptcy & Debt

Status: In Good Standing

CONTACT

2290 Science Pkwy, Okemos, MI 48864

Daniel J. Hude

Landlord-Tenant, Litigation, Banking & Finance, Credit & Debt

Status: In Good Standing Licensed: 15 Years

CONTACT

Lansing, MI 48909

Patricia Joan Scott

Foreclosure, Agriculture, Banking & Finance, Collection

Status: In Good Standing Licensed: 15 Years

CONTACT

313 S Washington Square, Lansing, MI 48933

Shelley J. White-Thomas

Landlord-Tenant, Estate Planning, Elder Law, Collection

Status: In Good Standing Licensed: 21 Years

CONTACT

6101 Anacapri Blvd, Lansing, MI 48909

Carrie Renee Feeheley

Litigation, Agriculture, Administrative Law, Consumer Bankruptcy

Status: In Good Standing Licensed: 16 Years

CONTACT

648 N Shaw Ln, East Lansing, MI 48824

Marla R. Mccowan

Criminal, Collection

Status: In Good Standing Licensed: 27 Years

CONTACT

611 W Ottawa St, Lansing, MI 48933

Patricia Anne Johnson

Estate, Wrongful Termination, Divorce & Family Law, Bankruptcy

Status: In Good Standing

CONTACT

2109 Hamilton Road, Okemos, MI 48864

800-923-0641

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LEGAL TERMS

WINDING UP

The process of paying off expenses and creditors, settling accounts, and collecting and distributing (to shareholders and owners) whatever assets then remain, a... (more...)

The process of paying off expenses and creditors, settling accounts, and collecting and distributing (to shareholders and owners) whatever assets then remain, all with the ultimate goal of liquidating or closing down a corporation or partnership.

CHAPTER 13 PLAN

A document filed in a Chapter 13 bankruptcy in which the debtor shows how all of his or her disposable income will be used over a three- to five-year period to ... (more...)

A document filed in a Chapter 13 bankruptcy in which the debtor shows how all of his or her disposable income will be used over a three- to five-year period to pay all mandatory debts -- for example, back child support, taxes, and mortgage arrearages -- as well as some or all unsecured, nonpriority debts, such as medical and credit card bills.

MEANS TEST

A formula that uses predefined income and expense categories to determine whether a debtor whose current monthly income is higher than the median family income ... (more...)

A formula that uses predefined income and expense categories to determine whether a debtor whose current monthly income is higher than the median family income for his or her state should be allowed to file for Chapter 7 bankruptcy.

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.

FRATERNAL BENEFIT SOCIETY BENEFITS

These are benefits, often group life insurance, paid for by fraternal societies to their members. Elks, Masons or Knights of Columbus are common fraternal socie... (more...)

These are benefits, often group life insurance, paid for by fraternal societies to their members. Elks, Masons or Knights of Columbus are common fraternal societies that provide benefits. Also called benefit society, benevolent society or mutual aid association benefits. Under bankruptcy laws, these benefits are virtually always considered exempt property.

DISCHARGE (OF DEBTS)

A bankruptcy court's erasure of the debts of a person or business that has filed for bankruptcy.

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.

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.

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.

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Onondaga Bankruptcy & Debt Lawyer, Michigan, page 3

Sponsored Law Firm

Marrs & Terry, PLLC

SPONSORED LAWYERS

Bruce A. Timmons

Robert W. Dietrich

Norman C. Witte

Mick Grewal Sr.

Daniel J. Hude

Patricia Joan Scott

Shelley J. White-Thomas

Carrie Renee Feeheley

Marla R. Mccowan

Patricia Anne Johnson

TIPS

LEGAL TERMS

WINDING UP

CHAPTER 13 PLAN

MEANS TEST

PRESUMED ABUSE

FRATERNAL BENEFIT SOCIETY BENEFITS

DISCHARGE (OF DEBTS)

SOLE PROPRIETORSHIP

DOING BUSINESS AS (DBA)

CHAPTER 7 BANKRUPTCY

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