Posen Reorganization Lawyer, Michigan

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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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John R. Poch

Elder Law, Estate Planning, Real Estate

Status: In Good Standing Licensed: 50 Years

CONTACT

9000 E Grand Lake Rd, Presque Isle, MI 49777

Charles T. Smith

General Practice

Status: In Good Standing Licensed: 36 Years

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11753 Bell Bay Rd, Presque Isle, MI 49777

Margaret J. Ricker

General Practice

Status: In Good Standing Licensed: 34 Years

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13934 Parallel Ave, Alpena, MI 49707

Judith A. Twarozynski

Federal Appellate Practice, Divorce, Business, Insurance

Status: In Good Standing Licensed: 26 Years

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617 W Chisholm St, Alpena, MI 49707

Annie M. Schaefer

General Practice

Status: In Good Standing Licensed: 29 Years

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Alpena, MI 49707

David S. Bisgrove

Government

Status: In Good Standing Licensed: 43 Years

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110 N Third Ave, Alpena, MI 49707

Donald J. Dowling

Criminal

Status: In Good Standing Licensed: 42 Years

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617 W Chisholm St, Alpena, MI 49707

Russell L. Rhynard

Divorce & Family Law, Children's Rights

Status: In Good Standing Licensed: 49 Years

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315 Par Dr, Alpena, MI 49707

William S. Smigelski

Other, Real Estate, Estate Planning, Family Law

Status: In Good Standing

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1190 Pebble St, Alpena, MI 49707

Donald J. Mclennan

Government, Environmental Law, Criminal, Consumer Bankruptcy

Status: In Good Standing Licensed: 47 Years

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377 E Woodward Ave, Rogers City, MI 49779

800-923-0641

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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.

TRADE NAME

The official name of a business, the one it uses on its letterhead and bank account when not dealing with consumers.

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.

COLLATERAL

Property that guarantees payment of a secured debt.

CREDIT FILE

See credit report.

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.

ABUSE

Misuse of the Chapter 7 bankruptcy remedy. This term is typically applied to Chapter 7 bankruptcy filings that should have been filed under Chapter 13, because ... (more...)

Misuse of the Chapter 7 bankruptcy remedy. This term is typically applied to Chapter 7 bankruptcy filings that should have been filed under Chapter 13, because the debtor appears to have enough disposable income to fund a Chapter 13 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.

SETOFF

A claim made by someone who allegedly owes money, that the amount should be reduced because the other person owes him money. This is often raised in a countercl... (more...)

A claim made by someone who allegedly owes money, that the amount should be reduced because the other person owes him money. This is often raised in a counterclaim filed by a defendant in a lawsuit. Banks may try to exercise a setoff by taking money out of a deposit account to satisfy past due payments on a loan or credit card bill. Such an act is illegal under most circumstances.

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Posen Reorganization Lawyer, Michigan

Sponsored Law Firm

Marrs & Terry, PLLC

SPONSORED LAWYERS

John R. Poch

Charles T. Smith

Margaret J. Ricker

Judith A. Twarozynski

Annie M. Schaefer

David S. Bisgrove

Donald J. Dowling

Russell L. Rhynard

William S. Smigelski

Donald J. Mclennan

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LEGAL TERMS

CURRENT MONTHLY INCOME

TRADE NAME

FAIR CREDIT REPORTING ACT (FCRA)

COLLATERAL

CREDIT FILE

LIMITED LIABILITY

ABUSE

GUARANTOR

SETOFF

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