Cheboygan 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 Cheboygan Bankruptcy & Debt lawyer.
Below are all Cheboygan lawyers.

Bruce Cranham

Estate, Divorce & Family Law, Criminal

Status: In Good Standing Licensed: 47 Years

CONTACT

Cheboygan, MI 49721

Daryl Patrick Vizina

General Practice

Status: In Good Standing Licensed: 20 Years

CONTACT

870 S Main St, Cheboygan, MI 49721

Kevin W. Weller

Family Law, Divorce & Family Law, Children's Rights, Dispute Resolution

Status: In Good Standing Licensed: 25 Years

CONTACT

870 S Main St, Cheboygan, MI 49721

Timothy P. Macarthur

Landlord-Tenant, Traffic, Lawsuit & Dispute, Estate, Bankruptcy & Debt

Status: In Good Standing Licensed: 45 Years

CONTACT

9911 N Straits Hwy, Cheboygan, MI 49721

William L. Keogh

Criminal

Status: In Good Standing Licensed: 22 Years

CONTACT

218 N Main St, Cheboygan, MI 49721

Donna L. Hansel

Immigration, Family Law, Criminal, Car Accident

Status: In Good Standing Licensed: 22 Years

CONTACT

521 Stempkey St, Cheboygan, MI 49721

Kathleen A. Lieder

General Practice

Status: In Good Standing Licensed: 48 Years

CONTACT

8660 Folly Dr, Cheboygan, MI 49721

Alfred E. Feleppa

Landlord-Tenant, Immigration, Estate, Divorce & Family Law, Criminal

Status: In Good Standing Licensed: 29 Years

CONTACT

Cheboygan, MI 49721

Lloyd C. Fell

Lawsuit & Dispute, Employment, Business

Status: In Good Standing Licensed: 60 Years

CONTACT

8660 Folly Dr, Cheboygan, MI 49721

Daniel E. Martin

Family Law, Divorce & Family Law, Elder Law, Civil & Human Rights

Status: In Good Standing Licensed: 32 Years

CONTACT

214 Water St, Cheboygan, MI 49721

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LEGAL TERMS

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.

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.

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.

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.

CREDITOR

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

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.

IRS EXPENSES

A table of national and regional expense estimates published by the IRS. Debtors whose current monthly income is more than their state's median family income mu... (more...)

A table of national and regional expense estimates published by the IRS. Debtors whose current monthly income is more than their state's median family income must use the IRS expenses to calculate their average net income in a Chapter 7 case, or their disposable income in a Chapter 13 case.

LIQUIDATING PARTNER

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

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Cheboygan County, MI Bankruptcy & Debt Lawyers

Sponsored Law Firm

Marrs & Terry, PLLC

SPONSORED LAWYERS

Bruce Cranham

Daryl Patrick Vizina

Kevin W. Weller

Timothy P. Macarthur

William L. Keogh

Donna L. Hansel

Kathleen A. Lieder

Alfred E. Feleppa

Lloyd C. Fell

Daniel E. Martin

TIPS

LEGAL TERMS

LIMITED LIABILITY

FORBEARANCE

PRESUMED ABUSE

S CORPORATION

CHAPTER 13 PLAN

CREDITOR

CHAPTER 13 BANKRUPTCY

IRS EXPENSES

LIQUIDATING PARTNER

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