Sterling Heights Bankruptcy 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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Includes: Bankruptcy Litigation, Commercial Bankruptcy, Consumer Bankruptcy, Dissolution

G. Timothy Moore

Real Estate, Corporate, Banking & Finance, Bankruptcy

Status: In Good Standing Licensed: 45 Years

CONTACT

38600 Van Dyke Ave, Sterling Heights, MI 48312

Michelle M. Lundquist

Education, Litigation, State and Local, Bankruptcy

Status: In Good Standing Licensed: 22 Years

CONTACT

38600 Van Dyke Ave, Sterling Heights, MI 48312

Craig S. Schoenherr

Immigration, Consumer Protection, Business, Consumer Bankruptcy

Status: In Good Standing

CONTACT

12900 Hall Rd, Sterling Heights, MI 48313

Eric O. Lundquist

Contract, Consumer Bankruptcy, Bankruptcy, Bankruptcy & Debt

Status: In Good Standing

CONTACT

38600 Van Dyke Ave, Sterling Heights, MI 48312

Douglas L. Dinning

Real Estate, Consumer Bankruptcy

Status: In Good Standing Licensed: 47 Years

CONTACT

35100 Van Dyke Ave, Sterling Heights, MI 48312

Fatima Mansour

Antitrust, Estate Planning, Consumer Bankruptcy, Administrative Law

Status: In Good Standing

CONTACT

1361 E Big Beaver Rd, Troy, MI 48083

William D. Johnson

Real Estate, Litigation, Bankruptcy, Bankruptcy & Debt

Status: In Good Standing

CONTACT

8900 E 13 Mile Rd, Warren, MI 48093

Jennifer L. Schmidt

Federal Appellate Practice, Family Law, Credit & Debt, Bankruptcy

Status: In Good Standing Licensed: 29 Years

CONTACT

17001 19 Mile Rd, Clinton Township, MI 48038

Fadi F. Toma

Sales & Use Tax, Commercial Real Estate, Corporate, Commercial Bankruptcy

Status: In Good Standing Licensed: 20 Years

CONTACT

8424 E 12 Mile Rd, Warren, MI 48093

Caridad Pastor Cardinale

International, Immigration, Civil Rights, Bankruptcy

Status: In Good Standing Licensed: 36 Years

CONTACT

575 E Big Beaver Rd, Troy, MI 48083

800-923-0641

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LEGAL TERMS

WINDING UP

The process of paying off expenses and creditors, settling accounts, and collecting and distributing (to shareholders and owners) whatever assets then remain, a... (more...)

The process of paying off expenses and creditors, settling accounts, and collecting and distributing (to shareholders and owners) whatever assets then remain, all with the ultimate goal of liquidating or closing down a corporation or partnership.

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.

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.

REPOSSESSION

A creditor's taking property that has been pledged as collateral for a loan. Lenders will most often repossess cars when the owner has missed loan payments and ... (more...)

A creditor's taking property that has been pledged as collateral for a loan. Lenders will most often repossess cars when the owner has missed loan payments and has not attempted to work with the lender to resolve the problem. A repossessor can't use force to get at your car, but he can legally hot-wire it and even drive it out of your unlocked garage.

CREDIT COUNSELING

Counseling that explores the possibility of repaying debts outside of bankruptcy and educates the debtor about credit, budgeting, and financial management. Unde... (more...)

Counseling that explores the possibility of repaying debts outside of bankruptcy and educates the debtor about credit, budgeting, and financial management. Under the new bankruptcy law, a debtor must undergo credit counseling with an approved provider before filing for bankruptcy.

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.

DISPOSABLE INCOME

The difference between a debtor's current monthly income and allowable expenses. This is the amount that the new bankruptcy law deems available to pay into a Ch... (more...)

The difference between a debtor's current monthly income and allowable expenses. This is the amount that the new bankruptcy law deems available to pay into a Chapter 13 plan.

DEBIT CARD

A card issued by a bank that combines the functions of an ATM card and checks. A debit card can be used to withdraw cash at a bank like an ATM card, and it can ... (more...)

A card issued by a bank that combines the functions of an ATM card and checks. A debit card can be used to withdraw cash at a bank like an ATM card, and it can also be used at stores to pay for goods and services in place of a check. Unlike a credit card, a debit card automatically withdraws money from your checking account at the time of the transaction. Debit cards are regulated by the Electronic Funds Transfer Act.

PRIORITY DEBT

A type of debt that is paid first if there are distributions made from the bankruptcy estate in a Chapter 7 bankruptcy, and must be paid in full in a Chapter 13... (more...)

A type of debt that is paid first if there are distributions made from the bankruptcy estate in a Chapter 7 bankruptcy, and must be paid in full in a Chapter 13 bankruptcy. Priority debts include alimony and child support, fees owed to the trustee and the attorney in the bankruptcy case, and wages owed to employees.

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Sterling Heights Bankruptcy Lawyer, Michigan, page 2

Sponsored Law Firm

Marrs & Terry, PLLC

SPONSORED LAWYERS

G. Timothy Moore

Michelle M. Lundquist

Craig S. Schoenherr

Eric O. Lundquist

Douglas L. Dinning

Fatima Mansour

William D. Johnson

Jennifer L. Schmidt

Fadi F. Toma

Caridad Pastor Cardinale

TIPS

LEGAL TERMS

WINDING UP

401(K) PLAN

ADMINISTRATIVE EXPENSES

REPOSSESSION

CREDIT COUNSELING

FORBEARANCE

DISPOSABLE INCOME

DEBIT CARD

PRIORITY DEBT

SAMPLE LEGAL CASES

RDM Holdings, Ltd. v. Continental Plastics Co.

Gulf Underwriters Ins. Co. v. McCLAIN INDUSTRIES, INC.

MICHIGAN COMMERCE BANK v. PALMS INVESTMENTS, LLC

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