Menominee County, MI Workout 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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Joseph Carl Jones

Estate Planning, International Tax, Elder Law, Administrative Law, Criminal

Status: In Good Standing Licensed: 9 Years

CONTACT

1104 20Th Ave, Menominee, MI 49858

Thomas P Schwaba

Accident & Injury, Personal Injury, Workers' Compensation

Status: In Good Standing Licensed: 40 Years

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461 1st St, Menominee, MI 49858

Jeffrey T. Rogg

General Practice

Status: In Good Standing Licensed: 31 Years

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839 10th Ave, Menominee, MI 49858

Grant L. Selsor

Estate Planning, Real Estate

Status: In Good Standing Licensed: 51 Years

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1101 11Th Avenue, Menominee, MI 49858

William A. Hupy

Divorce & Family Law

Status: In Good Standing Licensed: 50 Years

CONTACT

839 Tenth Ave, Menominee, MI 49858

Grant Selsor

General Practice

Status: In Good Standing Licensed: 41 Years

CONTACT

1101 Eleventh Ave, Menominee, MI 49858

James A. Rademacher

General Practice

Status: Inactive

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N15907 Hansen Lane F 4, Wilson, MI 49896

Robert J. Jamo

Divorce & Family Law, Criminal, Accident & Injury, Administrative Law

Status: In Good Standing Licensed: 40 Years

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1701 First St, Menominee, MI 49858

Wesley W Hoffman

Litigation

Status: In Good Standing Licensed: 42 Years

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949 1st St, Menominee, MI 49858

Arthur Baron

Real Estate, Lawsuit & Dispute, Wills & Probate, Personal Injury

Status: In Good Standing Licensed: 48 Years

CONTACT

621 1st St, Menominee, MI 49858

800-923-0641

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LEGAL TERMS

ABUSE

Misuse of the Chapter 7 bankruptcy remedy. This term is typically applied to Chapter 7 bankruptcy filings that should have been filed under Chapter 13, because ... (more...)

Misuse of the Chapter 7 bankruptcy remedy. This term is typically applied to Chapter 7 bankruptcy filings that should have been filed under Chapter 13, because the debtor appears to have enough disposable income to fund a Chapter 13 repayment plan.

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.

C CORPORATION

Common business slang to distinguish a corporation whose profits are taxed separate from its owners under subchapter C of the Internal Revenue Code, from an S c... (more...)

Common business slang to distinguish a corporation whose profits are taxed separate from its owners under subchapter C of the Internal Revenue Code, from an S corporation, whose profits are passed through to shareholders and taxed on their personal returns under subchapter S of the Internal Revenue Code.

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.

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.

NO-FAULT INSURANCE

Car insurance laws that require the insurance companies of each person in an accident to pay for medical bills and lost wages of their insured, up to a certain ... (more...)

Car insurance laws that require the insurance companies of each person in an accident to pay for medical bills and lost wages of their insured, up to a certain amount, regardless of who was at fault. The effect of no-fault insurance laws is to eliminate lawsuits in small accidents. The advantage is the prompt payment of medical bills and expenses. The downsides are that the amounts paid by no-fault policies are often not enough to fully cover a person's losses and that no-fault does not compensate for pain and suffering.

TRUTH IN LENDING ACT (TILA)

A federal law that requires credit and charge card companies to disclose interest rates and other information about an account. It also requires lenders to disc... (more...)

A federal law that requires credit and charge card companies to disclose interest rates and other information about an account. It also requires lenders to disclose the terms of a loan, including the total amount of the loan, the annual interest rate and the number, amount and due dates of all payments necessary to repay the loan. The TILA requires additional disclosures and places many restrictions on mortgages.

TRADE NAME

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

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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Menominee County, MI Workout Lawyers

Sponsored Law Firm

Marrs & Terry, PLLC

SPONSORED LAWYERS

Joseph Carl Jones

Thomas P Schwaba

Jeffrey T. Rogg

Grant L. Selsor

William A. Hupy

Grant Selsor

James A. Rademacher

Robert J. Jamo

Wesley W Hoffman

Arthur Baron

TIPS

LEGAL TERMS

ABUSE

PRIORITY DEBT

C CORPORATION

INTEREST

WINDING UP

NO-FAULT INSURANCE

TRUTH IN LENDING ACT (TILA)

TRADE NAME

S CORPORATION

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