Trout Creek Credit & Debt Lawyer, Michigan

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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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Mark A. Esqueda

Criminal, Native People, Civil & Human Rights

Status: In Good Standing Licensed: 27 Years

CONTACT

N5384 US Hwy 45, Watersmeet, MI 49969

Sara J. Basso

Dispute Resolution, Lawsuit & Dispute, Administrative Law, Business

Status: In Good Standing

CONTACT

2017 Ponozzo Rd, Iron River, MI 49935

Jerry D. Taylor

Real Estate, Dispute Resolution, Lawsuit & Dispute, Agriculture

Status: In Good Standing Licensed: 37 Years

CONTACT

25021 Saarinen Rd, Watton, MI 49970

Jennifer L. Bliss

Native People, Civil & Human Rights, Administrative Law, Business, Slip & Fall Accident

Status: In Good Standing Licensed: 27 Years

CONTACT

Watersmeet, MI 49969

Hannah Lorene Goodman

Family Law, Elder Law, Children's Rights, Consumer Bankruptcy

Status: In Good Standing Licensed: 13 Years

CONTACT

305 N 2Nd Ave, Iron River, MI 49935

Ronald M. Basso

Administrative Law, Business

Status: In Good Standing Licensed: 50 Years

CONTACT

Iron River, MI 49935

Teddy J. Baird

Real Estate, Government, Elder Law, Family Law

Status: In Good Standing Licensed: 45 Years

CONTACT

300 Poplar St, Ontonagon, MI 49953

James R. Jessup

General Practice

Status: Inactive Licensed: 45 Years

CONTACT

37454 Strang Rd, Ontonagon, MI 49953

Lois S. Kallunki

General Practice

Status: Inactive Licensed: 40 Years

CONTACT

34374 State Highway M64, Ontonagon, MI 49953

Andrew Charles Seid

General Practice

Status: In Good Standing Licensed: 11 Years

CONTACT

30482 Dutch Rd, Ontonagon, MI 49953

800-923-0641

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LEGAL TERMS

MEANS TEST

A formula that uses predefined income and expense categories to determine whether a debtor whose current monthly income is higher than the median family income ... (more...)

A formula that uses predefined income and expense categories to determine whether a debtor whose current monthly income is higher than the median family income for his or her state should be allowed to file for Chapter 7 bankruptcy.

CHAPTER 7 BANKRUPTCY

The most familiar type of bankruptcy, in which many or all of your debts are wiped out completely in exchange for giving up your nonexempt property. Chapter 7 b... (more...)

The most familiar type of bankruptcy, in which many or all of your debts are wiped out completely in exchange for giving up your nonexempt property. Chapter 7 bankruptcy takes from three to six months, costs about $200, and commonly requires only one trip to the courthouse.

WORKOUT

A debtor's plan to take care of a debt, by paying it off or through loan forgiveness. Workouts are often created to avoid bankruptcy or foreclosure proceedings.

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.

GENERAL PARTNER

A person who joins with at least one other to own and operate a business for profit -- and who (unlike a corporation's owners), is personally liable for all the... (more...)

A person who joins with at least one other to own and operate a business for profit -- and who (unlike a corporation's owners), is personally liable for all the business's debts and obligations. A general partner's actions can legally bind the entire business. See also partnership, limited partnership.

CURRENT MONTHLY INCOME

As defined by the new bankruptcy law, a bankruptcy filer's total gross income (whether taxable or not), averaged over the six-month period immediately preceding... (more...)

As defined by the new bankruptcy law, a bankruptcy filer's total gross income (whether taxable or not), averaged over the six-month period immediately preceding the bankruptcy filing. The debtor's current monthly income is used to determine whether the debtor can file for Chapter 7 bankruptcy, among other things.

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.

FAIR LABOR STANDARDS ACT (FLSA)

A federal law that guarantees a worker's right to be paid fairly. The FLSA defines the 40-hour workweek, sets out the federal minimum wage, states requirements ... (more...)

A federal law that guarantees a worker's right to be paid fairly. The FLSA defines the 40-hour workweek, sets out the federal minimum wage, states requirements for overtime and places restrictions on child labor.

DEBT COLLECTOR

A person who works in the in-house collections department of an original creditor or a collection agency to track down debtors and get them to pay what they owe... (more...)

A person who works in the in-house collections department of an original creditor or a collection agency to track down debtors and get them to pay what they owe. Debt collectors can be relentless, often using scare tactics, humiliation and repeated phone calls to extract payments or promises to pay.

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Trout Creek Credit & Debt Lawyer, Michigan

Sponsored Law Firm

Marrs & Terry, PLLC

SPONSORED LAWYERS

Mark A. Esqueda

Sara J. Basso

Jerry D. Taylor

Jennifer L. Bliss

Hannah Lorene Goodman

Ronald M. Basso

Teddy J. Baird

James R. Jessup

Lois S. Kallunki

Andrew Charles Seid

TIPS

LEGAL TERMS

MEANS TEST

CHAPTER 7 BANKRUPTCY

WORKOUT

ADMINISTRATIVE EXPENSES

GENERAL PARTNER

CURRENT MONTHLY INCOME

LIMITED PARTNERSHIP

FAIR LABOR STANDARDS ACT (FLSA)

DEBT COLLECTOR

SAMPLE LEGAL CASES

New Freedom Mtg. Corp. v. Globe Mtg. Corp.

Barth v. FIRST CONSUMER CREDIT, INC.

CHARTER ONE BANK NA v. JP Morgan Chase Bank, NA

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