Beaver Island Bankruptcy & Debt 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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Jodi J. Doak

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Estate, Traffic, Criminal, Divorce & Family Law

Mrs. Doak graduated from Thomas Cooley Law School in 2001 as the most decorated student in the school’s history, tying for 5th highest GPA in the sc... (more)

CONTACT

231-582-0712

219 E. Main Street, Boyne City, MI 49712

Adam Raymond Cross

Other, Real Estate, Pharmaceutical Product, Criminal, Bankruptcy & Debt

Status: In Good Standing Licensed: 10 Years

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3319 Lakeside Dr South, Petoskey, MI 49770

Douglass H. Shermeta

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Status: Inactive Licensed: 54 Years

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Robert William Mendham

Accident & Injury, Bankruptcy & Debt, Criminal, Divorce & Family Law, Landlord-Tenant

Status: In Good Standing Licensed: 23 Years

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406 Petoskey Street, Petoskey, MI 49770

Charles A. Gilfeather

Traffic, Workers' Compensation, Child Custody, Bankruptcy

Status: In Good Standing Licensed: 48 Years

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Northport, MI 49670

Daniel S. Gerow

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1110 Stonecliff, Boyne City, MI 49712

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Status: In Good Standing Licensed: 41 Years

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David W. Fershee

Dispute Resolution, Family Law, Insurance, Credit & Debt

Status: In Good Standing Licensed: 52 Years

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5345 Lower Shore Dr, Good Hart, MI 49740

Douglas E. Basel

Estate Planning, Trusts, Bankruptcy, Estate Administration

Status: In Good Standing Licensed: 45 Years

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455 Bay St, Petoskey, MI 49770

Edgar C. Howbert

Real Estate, Banking & Finance, Business, Bankruptcy

Status: In Good Standing Licensed: 59 Years

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1392 Bayview Heights Dr, Petoskey, MI 49770

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LEGAL TERMS

CREDITOR

A person or entity (such as a bank) to whom a debt is owed.

DISCHARGE (OF DEBTS)

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

LIQUIDATING PARTNER

The member of an insolvent or dissolving partnership responsible for paying the debts and settling the accounts of the partnership.

CREDIT REPORT

An account of your credit history, prepared by a credit bureau. A credit report will contain both credit history, such as what you owe to whom and whether you m... (more...)

An account of your credit history, prepared by a credit bureau. A credit report will contain both credit history, such as what you owe to whom and whether you make the payments on time, as well as personal history, such as your former addresses, employment record and lawsuits in which you have been involved. An estimated 50% of all credit reports contain errors, such as accounts that don't belong to you, an incorrect account status or information reported that is older than seven years (ten years in the case of a bankruptcy).

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.

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.

DEFINED CONTRIBUTION PLAN

A type of pension plan that does not guarantee any particular pension amount upon retirement. Instead, the employer pays into the pension fund a certain amount ... (more...)

A type of pension plan that does not guarantee any particular pension amount upon retirement. Instead, the employer pays into the pension fund a certain amount every month, or every year, for each employee. The employer usually pays a fixed percentage of an employee's wages or salary, although sometimes the amount is a fraction of the company's profits, with the size of each employee's pension share depending on the amount of wage or salary. Upon retirement, each employee's pension is determined by how much was contributed to the fund on behalf of that employee over the years, plus whatever earnings that money has accumulated as part of the investments of the entire pension fund.

HOUSEHOLDER

A person who supports and maintains a household, with or without other people. In bankruptcy law, a householder, housekeeper or head of household can claim a ho... (more...)

A person who supports and maintains a household, with or without other people. In bankruptcy law, a householder, housekeeper or head of household can claim a homestead exemption and possibly other exemptions relating to the maintenance of the household.

S CORPORATION

A term that describes a profit-making corporation organized under state law whose shareholders have applied for and received subchapter S corporation status fro... (more...)

A term that describes a profit-making corporation organized under state law whose shareholders have applied for and received subchapter S corporation status from the Internal Revenue Service. Electing to do business as an S corporation lets shareholders enjoy limited liability status, as would be true of any corporation, but be taxed like a partnership or sole proprietor. That is, instead of being taxed as a separate entity (as would be the case with a regular or C corporation) an S corporation is a pass-through tax entity: income taxes are reported and paid by the shareholders, not the S corporation. To qualify as an S corporation a number of IRS rules must be met, such as a limit of 75 shareholders and citizenship requirements.

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Beaver Island Bankruptcy & Debt Lawyer, Michigan

Sponsored Law Firm

Marrs & Terry, PLLC

SPONSORED LAWYERS

Jodi J. Doak

Adam Raymond Cross

Douglass H. Shermeta

Robert William Mendham

Charles A. Gilfeather

Daniel S. Gerow

Daniel S. Gerow

David W. Fershee

Douglas E. Basel

Edgar C. Howbert

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LEGAL TERMS

CREDITOR

DISCHARGE (OF DEBTS)

LIQUIDATING PARTNER

CREDIT REPORT

LIMITED LIABILITY

DOING BUSINESS AS (DBA)

DEFINED CONTRIBUTION PLAN

HOUSEHOLDER

S CORPORATION

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