Pompeii 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.
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Christopher G. Komara

Divorce & Family Law, Business, Bankruptcy & Debt, Divorce & Family Law

Status: In Good Standing Licensed: 21 Years

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221 W. Wackerly Street, Midland, MI 48640

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Consumer Bankruptcy, Estate Administration, Wills, Bankruptcy

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Mark J. Van Epps

Bankruptcy, Bankruptcy & Debt

Status: In Good Standing Licensed: 43 Years

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318 N. Water Street, Owosso, MI 48867

Adam David Flory

General Practice

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200 Saint Andrews Rd, Saginaw, MI 48638

Alan L. Canady

Election & Political, Government, Religious Discrimination, Reorganization

Status: In Good Standing Licensed: 42 Years

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East Lansing, MI 48826

Dennis W. Fliehman

Estate Planning, Estate, Reorganization, Workers' Compensation

Status: In Good Standing Licensed: 46 Years

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1140 Blanchette Dr, East Lansing, MI 48823

Gina M. Torielli

International Tax, Gift Taxation, Limited Liability Companies, Reorganization

Status: In Good Standing Licensed: 33 Years

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201 Townsend Street, Lansing, MI 48933

Ann J. Horowitz

Health Care Other, Business, Reorganization, Employee Rights

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4000 Wellness Dr, Midland, MI 48670

Daniel Cline

Cogeneration, Corporate, Reorganization, Bankruptcy

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1885 W. Tranquil Trail, Midland, MI 48640

Sarah R. Prout

Family Law, Elder Law, Children's Rights, Reorganization

Status: In Good Standing Licensed: 26 Years

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3893 Okemos Rd, Okemos, MI 48864

800-923-0641

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LEGAL TERMS

UNDUE HARDSHIP

The circumstances in which a debtor may discharge a student loan in bankruptcy. For example, a debtor who has no income and little chance of earning enough in t... (more...)

The circumstances in which a debtor may discharge a student loan in bankruptcy. For example, a debtor who has no income and little chance of earning enough in the future to pay off the loan may be able to show that repayment would be an undue hardship.

LIMITED PARTNERSHIP

A business structure that allows one or more partners (called limited partners) to enjoy limited personal liability for partnership debts while another partner ... (more...)

A business structure that allows one or more partners (called limited partners) to enjoy limited personal liability for partnership debts while another partner or partners (called general partners) have unlimited personal liability. The key difference between a general and limited partner concerns management decision making--general partners run the business, and limited partners, who are usually passive investors, are not allowed to make day-to-day business decisions. If they do, they risk being treated as general partners with unlimited personal liability.

FCRA

See Fair Credit Reporting Act.

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.

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.

FAIR CREDIT REPORTING ACT (FCRA)

A federal law that is designed to prevent inaccurate or obsolete information from entering or remaining in a credit report. The law requires credit bureaus to a... (more...)

A federal law that is designed to prevent inaccurate or obsolete information from entering or remaining in a credit report. The law requires credit bureaus to adopt reasonable procedures for gathering, maintaining and disseminating information and bars credit bureaus from reporting negative information that is older than seven years, except a bankruptcy, which may be reported for ten. If you notify a credit bureau of an error in your credit report, the FCRA requires the bureau to investigate your allegations within 30 days, review all information you provide, remove inaccurate and unverified information and adopt procedures to keep the information from reappearing. In addition, the law requires that creditors refrain from reporting incorrect information to credit bureaus.

NONPROFIT CORPORATION

A legal structure authorized by state law allowing people to come together to either benefit members of an organization (a club, or mutual benefit society) or f... (more...)

A legal structure authorized by state law allowing people to come together to either benefit members of an organization (a club, or mutual benefit society) or for some public purpose (such as a hospital, environmental organization or literary society). Nonprofit corporations, despite the name, can make a profit, but the business cannot be designed primarily for profit-making purposes, and the profits must be used for the benefit of the organization or purpose the corporation was created to help. When a nonprofit corporation dissolves, any remaining assets must be distributed to another nonprofit, not to board members. As with for-profit corporations, directors of nonprofit corporations are normally shielded from personal liability for the organization's debts. Some nonprofit corporations qualify for a federal tax exemption under _ 501(c)(3) of the Internal Revenue Code, with the result that contributions to the nonprofit are tax deductible by their donors.

BULK SALES LAW

A law that regulates the transfer of business assets so that business owners cannot dispose of assets in order to avoid creditors. If a business owner wants to ... (more...)

A law that regulates the transfer of business assets so that business owners cannot dispose of assets in order to avoid creditors. If a business owner wants to conduct a bulk sale of business assets -- that is, get rid of an unusually large amount of inventory, merchandise or equipment -- the business owner must typically publish a notice of the sale and give written notice to creditors. Then, the owner must set up an account to hold the funds from the sale for a brief period of time during which creditors may make claims against the money. The prohibition against bulk sales is spelled out in the Uniform Commercial Code -- and laws modeled on the UCC have been generally adopted throughout the country.

DISCHARGE (OF DEBTS)

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

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Pompeii Reorganization Lawyer, Michigan, page 2

Sponsored Law Firm

Marrs & Terry, PLLC

SPONSORED LAWYERS

Christopher G. Komara

Shantele D. Elmy

Mark J. Van Epps

Adam David Flory

Alan L. Canady

Dennis W. Fliehman

Gina M. Torielli

Ann J. Horowitz

Daniel Cline

Sarah R. Prout

TIPS

LEGAL TERMS

UNDUE HARDSHIP

LIMITED PARTNERSHIP

FCRA

MEANS TEST

FRATERNAL BENEFIT SOCIETY BENEFITS

FAIR CREDIT REPORTING ACT (FCRA)

NONPROFIT CORPORATION

BULK SALES LAW

DISCHARGE (OF DEBTS)

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