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: 53 Years

CONTACT

313 Hubbard St, Allegan, MI 49010

Matthew W. Antkoviak

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

Status: Licensed: 27 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: 29 Years

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515 Eastern Ave, Allegan, MI 49010

James L. Larson

Business

Status: Licensed: 23 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

CONTACT

313 Hubbard St, Allegan, MI 49010

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LEGAL TERMS

SOLE PROPRIETORSHIP

A business owned and managed by one person (or for tax purposes, a husband and wife). For IRS purposes, a sole proprietor and her business are one tax entity, m... (more...)

A business owned and managed by one person (or for tax purposes, a husband and wife). For IRS purposes, a sole proprietor and her business are one tax entity, meaning that business profits are reported and taxed on the owner's personal tax return. Setting up a sole proprietorship is cheap and easy since no legal formation documents need be filed with any governmental agency (although tax registration and other permit and license requirements may still apply). Once you file a fictitious name statement (assuming you don't use your own name) and obtain any required basic tax permits and business licenses, you'll be in business. The main downside of a sole proprietorship is that its owner is personally liable for all business debts.

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.

DEFINED CONTRIBUTION PLAN

A type of pension plan that does not guarantee any particular pension amount upon retirement. Instead, the employer pays into the pension fund a certain amount ... (more...)

A type of pension plan that does not guarantee any particular pension amount upon retirement. Instead, the employer pays into the pension fund a certain amount every month, or every year, for each employee. The employer usually pays a fixed percentage of an employee's wages or salary, although sometimes the amount is a fraction of the company's profits, with the size of each employee's pension share depending on the amount of wage or salary. Upon retirement, each employee's pension is determined by how much was contributed to the fund on behalf of that employee over the years, plus whatever earnings that money has accumulated as part of the investments of the entire pension fund.

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.

NONPROFIT CORPORATION

A legal structure authorized by state law allowing people to come together to either benefit members of an organization (a club, or mutual benefit society) or f... (more...)

A legal structure authorized by state law allowing people to come together to either benefit members of an organization (a club, or mutual benefit society) or for some public purpose (such as a hospital, environmental organization or literary society). Nonprofit corporations, despite the name, can make a profit, but the business cannot be designed primarily for profit-making purposes, and the profits must be used for the benefit of the organization or purpose the corporation was created to help. When a nonprofit corporation dissolves, any remaining assets must be distributed to another nonprofit, not to board members. As with for-profit corporations, directors of nonprofit corporations are normally shielded from personal liability for the organization's debts. Some nonprofit corporations qualify for a federal tax exemption under _ 501(c)(3) of the Internal Revenue Code, with the result that contributions to the nonprofit are tax deductible by their donors.

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.

DEBIT CARD

A card issued by a bank that combines the functions of an ATM card and checks. A debit card can be used to withdraw cash at a bank like an ATM card, and it can ... (more...)

A card issued by a bank that combines the functions of an ATM card and checks. A debit card can be used to withdraw cash at a bank like an ATM card, and it can also be used at stores to pay for goods and services in place of a check. Unlike a credit card, a debit card automatically withdraws money from your checking account at the time of the transaction. Debit cards are regulated by the Electronic Funds Transfer Act.

CREDIT FILE

See credit report.

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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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

SOLE PROPRIETORSHIP

TRUTH IN LENDING ACT (TILA)

DEFINED CONTRIBUTION PLAN

CHAPTER 7 BANKRUPTCY

NONPROFIT CORPORATION

GENERAL PARTNER

DEBIT CARD

CREDIT FILE

LIQUIDATING PARTNER

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