Potterville 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.
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Not enough matches for Potterville Reorganization lawyer.
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John Roy Castillo

Social Security, Employee Rights, Contract, Bankruptcy

Status: In Good Standing Licensed: 51 Years

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450 E Saginaw Hwy, Grand Ledge, MI 48837

Rhonda R. Kunkel

Landlord-Tenant, Estate Planning, Family Law, Collection

Status: In Good Standing Licensed: 22 Years

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7521 Westshire Dr, Lansing, MI 48917

Robert W. Dietrich

Bankruptcy, Divorce & Family Law

Status: In Good Standing Licensed: 30 Years

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3815 W Saint Joseph St, Lansing, MI 48917

Adam E. Griffis

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Michael J. Marutiak

Criminal, Administrative Law, Collection

Status: In Good Standing Licensed: 45 Years

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1131 Vail Ct, Lansing, MI 48917

John S. Pallas

Criminal, Collection

Status: In Good Standing Licensed: 35 Years

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Douglas B. Shapiro

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925 W Ottawa St, Lansing, MI 48915

Gary L. Rogers

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Status: In Good Standing Licensed: 28 Years

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925 W Ottawa St, Lansing, MI 48915

Maribeth L. Zeller

Criminal, Collection

Status: In Good Standing Licensed: 20 Years

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611 W Ottawa St, Lansing, MI 48933

Avar Patrice Laws-Wright

Criminal, Administrative Law, Collection, Estate Planning

Status: In Good Standing Licensed: 16 Years

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611 W Ottawa St, Lansing, MI 48933

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LEGAL TERMS

C CORPORATION

Common business slang to distinguish a corporation whose profits are taxed separate from its owners under subchapter C of the Internal Revenue Code, from an S c... (more...)

Common business slang to distinguish a corporation whose profits are taxed separate from its owners under subchapter C of the Internal Revenue Code, from an S corporation, whose profits are passed through to shareholders and taxed on their personal returns under subchapter S of the Internal Revenue Code.

NONDISCHARGEABLE DEBTS

Debts that cannot be erased by filing for bankruptcy. If you file for Chapter 7 bankruptcy, these debts will remain when your case is over. If you file for Chap... (more...)

Debts that cannot be erased by filing for bankruptcy. If you file for Chapter 7 bankruptcy, these debts will remain when your case is over. If you file for Chapter 13 bankruptcy, the nondischargeable debts will have to be paid in full during your plan or you will have a balance at the end of your case. Examples of nondischargeable debts include alimony and child support, most income tax debts, many student loans and debts for personal injury or death caused by drunk driving. Compare dischargeable debts.

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.

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.

FORBEARANCE

Voluntarily refraining from doing something, such as asserting a legal right. For example, a creditor may forbear on its right to collect a debt by temporarily ... (more...)

Voluntarily refraining from doing something, such as asserting a legal right. For example, a creditor may forbear on its right to collect a debt by temporarily postponing or reducing the borrower's payments.

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.

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.

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.

TRUTH IN LENDING ACT (TILA)

A federal law that requires credit and charge card companies to disclose interest rates and other information about an account. It also requires lenders to disc... (more...)

A federal law that requires credit and charge card companies to disclose interest rates and other information about an account. It also requires lenders to disclose the terms of a loan, including the total amount of the loan, the annual interest rate and the number, amount and due dates of all payments necessary to repay the loan. The TILA requires additional disclosures and places many restrictions on mortgages.

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Potterville Reorganization Lawyer, Michigan

Sponsored Law Firm

Marrs & Terry, PLLC

SPONSORED LAWYERS

John Roy Castillo

Rhonda R. Kunkel

Robert W. Dietrich

Adam E. Griffis

Michael J. Marutiak

John S. Pallas

Douglas B. Shapiro

Gary L. Rogers

Maribeth L. Zeller

Avar Patrice Laws-Wright

TIPS

LEGAL TERMS

C CORPORATION

NONDISCHARGEABLE DEBTS

REAFFIRMATION

FRAUDULENT TRANSFER

FORBEARANCE

CHAPTER 13 BANKRUPTCY

PRESUMED ABUSE

401(K) PLAN

TRUTH IN LENDING ACT (TILA)

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