Wexford County, MI Bankruptcy & Debt Lawyers

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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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Not enough matches for Wexford Bankruptcy & Debt lawyer.
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Mark R. Mitchell

Alimony & Spousal Support, Adoption, Corporate, Business Organization

Status: In Good Standing Licensed: 35 Years

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124 E Chapin St, Cadillac, MI 49601

Corey J. Wiggins

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437 E Division St, Cadillac, MI 49601

Jason J. Elmore

Military, Criminal

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437 E Division St, Cadillac, MI 49601

Lorri B. King

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140 Paluster St, Cadillac, MI 49601

Timothy R. Trichler

Wills & Probate, Divorce & Family Law, Bankruptcy & Debt

Status: In Good Standing Licensed: 34 Years

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2604 Sunnyside Dr., Cadillac, MI 49601

Michael A. Figliomeni

Government, Environmental Law, Corporate, Business

Status: In Good Standing Licensed: 42 Years

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438 East Harris Street, Cadillac, MI 49601

Jeffrey Scott Mankiewicz

Motor Vehicle, Lawsuit & Dispute, Intellectual Property, DUI-DWI

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140 Paluster St, Cadillac, MI 49601

Nathan R. Piwowarski

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120 W Harris St, Cadillac, MI 49601

Anne M. Perillo

Divorce & Family Law, Bankruptcy & Debt

Status: In Good Standing Licensed: 42 Years

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120 W. Harris Street, Cadillac, MI 49601

Brian E. Valice

Real Estate, Environmental Law, Contract, Business

Status: In Good Standing Licensed: 34 Years

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10125 W Watergate Rd, Cadillac, MI 49601

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LEGAL TERMS

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.

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.

CREDIT FILE

See credit report.

TOXIC TORT

A personal injury caused by exposure to a toxic substance, such as asbestos or hazardous waste. Victims can sue for medical expenses, lost wages and pain and su... (more...)

A personal injury caused by exposure to a toxic substance, such as asbestos or hazardous waste. Victims can sue for medical expenses, lost wages and pain and suffering.

CREDIT BUREAU

A private, profit-making company that collects and sells information about a person's credit history. Typical clients include banks, mortgage lenders and credit... (more...)

A private, profit-making company that collects and sells information about a person's credit history. Typical clients include banks, mortgage lenders and credit card companies that use the information to screen applicants for loans and credit cards. There are three major credit bureaus, Equifax, Experian and Trans Union, and they are regulated by the federal Fair Credit Reporting Act.

CCCS

See Consumer Credit Counseling Service.

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.

CHAPTER 13 PLAN

A document filed in a Chapter 13 bankruptcy in which the debtor shows how all of his or her disposable income will be used over a three- to five-year period to ... (more...)

A document filed in a Chapter 13 bankruptcy in which the debtor shows how all of his or her disposable income will be used over a three- to five-year period to pay all mandatory debts -- for example, back child support, taxes, and mortgage arrearages -- as well as some or all unsecured, nonpriority debts, such as medical and credit card bills.

LIMITED PARTNERSHIP

A business structure that allows one or more partners (called limited partners) to enjoy limited personal liability for partnership debts while another partner ... (more...)

A business structure that allows one or more partners (called limited partners) to enjoy limited personal liability for partnership debts while another partner or partners (called general partners) have unlimited personal liability. The key difference between a general and limited partner concerns management decision making--general partners run the business, and limited partners, who are usually passive investors, are not allowed to make day-to-day business decisions. If they do, they risk being treated as general partners with unlimited personal liability.

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Wexford County, MI Bankruptcy & Debt Lawyers

Sponsored Law Firm

Marrs & Terry, PLLC

SPONSORED LAWYERS

Mark R. Mitchell

Corey J. Wiggins

Jason J. Elmore

Lorri B. King

Timothy R. Trichler

Michael A. Figliomeni

Jeffrey Scott Mankiewicz

Nathan R. Piwowarski

Anne M. Perillo

Brian E. Valice

TIPS

LEGAL TERMS

PRIORITY DEBT

REAFFIRMATION

CREDIT FILE

TOXIC TORT

CREDIT BUREAU

CCCS

S CORPORATION

CHAPTER 13 PLAN

LIMITED PARTNERSHIP

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