Perry Bankruptcy & Debt Lawyer, Michigan

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Donald J. Baranski Lawyer

Donald J. Baranski

VERIFIED
Divorce & Family Law, Estate, Employment, Criminal, Consumer Bankruptcy
Thirty years in general practice

Donald J. Baranski received his Bachelor of Arts in Humanities Pre Law, from Michigan State University. This was a triple major of American History, P... (more)

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800-970-5860

Christopher G. Bovid

Corporate, Banking & Finance, Bankruptcy Litigation, Bankruptcy
Status:  In Good Standing           

FREE CONSULTATION 

CONTACT

Patricia A. Johnson

Landlord-Tenant, Estate, Divorce & Family Law, Bankruptcy & Debt
Status:  In Good Standing           Licensed:  33 Years

Michael Murray

Criminal, Native People, Civil & Human Rights, Collection
Status:  In Good Standing           Licensed:  49 Years

John L. Gormley

Government Contract, Merger & Acquisition, Credit & Debt, Personal Injury
Status:  In Good Standing           

Barnet George Levine

Foreclosure, Family Law, Contract, Credit & Debt
Status:  In Good Standing           Licensed:  11 Years

Patricia Anne Johnson

Estate, Wrongful Termination, Divorce & Family Law, Bankruptcy
Status:  In Good Standing           

Michael C. Van Huysse

Litigation, Federal Appellate Practice, Family Law, Collection
Status:  In Good Standing           

Scott M. Neuman

Divorce, Criminal, Bankruptcy, Personal Injury
Status:  In Good Standing           Licensed:  32 Years

Barbara Bakeromerod

Estate Planning, Family Law, Elder Law, Consumer Bankruptcy
Status:  In Good Standing           

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Free Help: Use This Form or Call 800-943-8690

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LEGAL TERMS

INTEREST

A commission you pay a bank or other creditor for lending you money or extending you credit. An interest rate represents the annual percentage that is added to ... (more...)
A commission you pay a bank or other creditor for lending you money or extending you credit. An interest rate represents the annual percentage that is added to your balance. This means that if your loan or credit line has an interest rate of 8%, the holder adds 8% to the balance each year. More specifically, interest is calculated and added to your loan or credit line through a process called compounding. If interest is compounded daily, the balance will rise by 1/365th of 8% each day. If interest is compounded monthly, the balance will rise 1/12th of 8% at the start of each month.

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.

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.

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.

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.

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.

TRADE NAME

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

ADMINISTRATIVE EXPENSES

The trustee's fee, the debtor's attorney fees, and other costs of bringing a bankruptcy case that a debtor must pay in full in a Chapter 13 repayment plan. Admi... (more...)
The trustee's fee, the debtor's attorney fees, and other costs of bringing a bankruptcy case that a debtor must pay in full in a Chapter 13 repayment plan. Administrative costs are typically 10% of the debtor's total payments under the plan.

FDCPA

See Fair Debt Collections & Practices Act.