Allegan 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.
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James E. Burnett

Workers' Compensation, Employment, Adoption, Accident & Injury

Status: Licensed: 52 Years

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313 Hubbard St, Allegan, MI 49010

Matthew W. Antkoviak

Divorce & Family Law, Criminal, Bankruptcy, DUI-DWI

Status: Licensed: 26 Years

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416 Hubbard St, Allegan, MI 49010

Peter Antkoviak

Social Security, Labor Law, Family Law, Elder Law, Agriculture

Status: Licensed: 54 Years

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416 Hubbard St, Allegan, MI 49010

Kimberly S. Brower

General Practice

Status: Licensed: 28 Years

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515 Eastern Ave, Allegan, MI 49010

James L. Larson

Business

Status: Licensed: 22 Years

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515 Eastern Ave, Allegan, MI 49010

Todd W. Kingma

Transactions, Antitrust, Business

Status: Licensed: 40 Years

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515 Eastern Ave, Allegan, MI 49010

William A. Baillargeon

Veterans' Affairs, Other, Criminal, Gay & Lesbian Rights

Status: Licensed: 40 Years

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113 Chestnut St, Allegan, MI 49010

Margaret Zuzich Bakker

Divorce & Family Law, Children's Rights, Family Law, Criminal

Status: Licensed: 46 Years

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113 Chestnut St, Allegan, MI 49010

Amethyst Cook Smith

Litigation, Lawsuit & Dispute, Intellectual Property

Status: Licensed: 18 Years

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1251 Lincoln Rd, Allegan, MI 49010

Stephen A. Kastran

Real Estate, Estate Planning, Estate

Status: Licensed: 52 Years

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313 Hubbard St, Allegan, MI 49010

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LEGAL TERMS

MEETING OF CREDITORS

A meeting held with the bankruptcy trustee about a month after you file for bankruptcy. You must attend. The trustee reviews your bankruptcy papers and asks a f... (more...)

A meeting held with the bankruptcy trustee about a month after you file for bankruptcy. You must attend. The trustee reviews your bankruptcy papers and asks a few questions. In a Chapter 7, the meeting of creditors lasts a few minutes and rarely do any creditors show up. In a Chapter 13 bankruptcy, one or two creditors may attend, especially if they disagree with some provision of your repayment plan.

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.

PROCEEDS FOR DAMAGED EXEMPT PROPERTY

In a bankruptcy proceeding, money collected through insurance, arbitration, mediation, settlement or a lawsuit to pay for exempt property that's no longer exemp... (more...)

In a bankruptcy proceeding, money collected through insurance, arbitration, mediation, settlement or a lawsuit to pay for exempt property that's no longer exemptible because it has been damaged or destroyed.

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.

CONSUMER CREDIT COUNSELING SERVICE (CCCS)

A national non-profit agency that, at no cost, helps debtors plan budgets and repay their debts. One major criticism of CCCS is that each office is primarily fu... (more...)

A national non-profit agency that, at no cost, helps debtors plan budgets and repay their debts. One major criticism of CCCS is that each office is primarily funded by voluntary donations from the creditors that receive payments from debtors repaying their debts through that office. Despite this criticism, most CCCS counselors provide clients with thorough and neutral advice.

DOING BUSINESS AS (DBA)

A situation in which a business owner operates a company under a name different from his or her real name. The owner must file a 'fictitious name statement' or ... (more...)

A situation in which a business owner operates a company under a name different from his or her real name. The owner must file a 'fictitious name statement' or similar document with the appropriate agency -- for example, the county clerk. This enables consumers to discover the names of the business owners, which is important if a consumer needs to sue the business.

NONEXEMPT PROPERTY

The property you risk losing to your creditors when you file a Chapter 7 bankruptcy or when a creditor sues you and wins a judgment. Nonexempt property typicall... (more...)

The property you risk losing to your creditors when you file a Chapter 7 bankruptcy or when a creditor sues you and wins a judgment. Nonexempt property typically includes valuable clothing (furs) and electronic equipment, an expensive car that's been paid off and most of the equity in your house. Compare exempt property.

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.

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.

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Allegan County, MI Bankruptcy & Debt Lawyers

Sponsored Law Firm

Marrs & Terry, PLLC

SPONSORED LAWYERS

James E. Burnett

Matthew W. Antkoviak

Peter Antkoviak

Kimberly S. Brower

James L. Larson

Todd W. Kingma

William A. Baillargeon

Margaret Zuzich Bakker

Amethyst Cook Smith

Stephen A. Kastran

TIPS

LEGAL TERMS

MEETING OF CREDITORS

CHAPTER 7 BANKRUPTCY

PROCEEDS FOR DAMAGED EXEMPT PROPERTY

GENERAL PARTNER

CONSUMER CREDIT COUNSELING SERVICE (CCCS)

DOING BUSINESS AS (DBA)

NONEXEMPT PROPERTY

CURRENT MONTHLY INCOME

INTEREST

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