Antrim County, MI Reorganization 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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Not enough matches for Antrim Reorganization lawyer.
Below are all Antrim lawyers.

Patrick D. Brady

General Practice

Status: Licensed: 45 Years

CONTACT

14748 Williams Dr, Elk Rapids, MI 49629

David R. Munroe

Other, Lawsuit & Dispute, Employment, Administrative Law

Status: Licensed: 59 Years

CONTACT

4762 Creekside, Bellaire, MI 49615

Carole E. Brady

Government

Status: Licensed: 46 Years

CONTACT

14748 Williams Dr, Elk Rapids, MI 49629

Bryan E. Graham

Limited Liability Companies, Business, Government

Status: Licensed: 42 Years

CONTACT

104 E Forrest Home Ave, Bellaire, MI 49615

Barry L. Cole

Landlord-Tenant, Motor Vehicle, Lawsuit & Dispute, Government

Status: Licensed: 43 Years

CONTACT

602 E Cayuga St, Bellaire, MI 49615

Charles H. Koop

Criminal, Child Custody

Status: Licensed: 49 Years

CONTACT

Bellaire, MI 49615

Stacey L. Truesdell

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

Status: Licensed: 36 Years

CONTACT

Elk Rapids, MI 49629

James L. Rossiter

Criminal

Status: Licensed: 22 Years

CONTACT

205 E Cayuga St, Bellaire, MI 49615

David J. Reck

General Practice

Status: Licensed: 51 Years

CONTACT

205 E Cayuga St, Bellaire, MI 49615

Peter R. Wendling

Real Estate, Estate Planning, Criminal, Elder Law

Status: Licensed: 32 Years

CONTACT

104 E Forrest Home Ave, Bellaire, MI 49615

800-814-6700

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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.

FAIR CREDIT REPORTING ACT (FCRA)

A federal law that is designed to prevent inaccurate or obsolete information from entering or remaining in a credit report. The law requires credit bureaus to a... (more...)

A federal law that is designed to prevent inaccurate or obsolete information from entering or remaining in a credit report. The law requires credit bureaus to adopt reasonable procedures for gathering, maintaining and disseminating information and bars credit bureaus from reporting negative information that is older than seven years, except a bankruptcy, which may be reported for ten. If you notify a credit bureau of an error in your credit report, the FCRA requires the bureau to investigate your allegations within 30 days, review all information you provide, remove inaccurate and unverified information and adopt procedures to keep the information from reappearing. In addition, the law requires that creditors refrain from reporting incorrect information to credit bureaus.

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.

FCBA

See Fair Credit Billing Act.

BANKRUPTCY TRUSTEE

A person appointed by the court to oversee the case of a person or business that has filed for bankruptcy. In a consumer Chapter 7 case, the trustee's role is t... (more...)

A person appointed by the court to oversee the case of a person or business that has filed for bankruptcy. In a consumer Chapter 7 case, the trustee's role is to gather the debtor's nonexempt property, liquidate it and distribute it proportionally to her creditors. In a Chapter 13 case, the trustee's role is to receive the debtor's monthly payments and distribute them proportionally to her creditors.

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.

LIABILITY

(1) The state of being liable--that is, legally responsible for an act or omission. Example:Peri hires Paul to fix a broken pipe in her bathroom, but the new pi... (more...)

(1) The state of being liable--that is, legally responsible for an act or omission. Example:Peri hires Paul to fix a broken pipe in her bathroom, but the new pipe bursts the day after Paul installs it, ruining the bathroom floor. This raises the issue of liability: Who is responsible for the damage? Peri claims that Paul is responsible, and sues him for the cost of hiring another plumber to fix the pipe and replacing the floor. Paul, in turn, claims that the pipe manufacturer is responsible, because they supplied him with faulty materials. Both Peri and Paul must prove their claims in court; if Paul and/or the manufacturer is found liable, one or both will have to pay damages to Peri. (2) Something for which a person is liable. For example, a debt is often called a liability.

SETOFF

A claim made by someone who allegedly owes money, that the amount should be reduced because the other person owes him money. This is often raised in a countercl... (more...)

A claim made by someone who allegedly owes money, that the amount should be reduced because the other person owes him money. This is often raised in a counterclaim filed by a defendant in a lawsuit. Banks may try to exercise a setoff by taking money out of a deposit account to satisfy past due payments on a loan or credit card bill. Such an act is illegal under most circumstances.

REAFFIRMATION

An agreement that a debtor and a creditor enter into after a debtor has filed for bankruptcy, in which the debtor agrees to repay all or part of an existing deb... (more...)

An agreement that a debtor and a creditor enter into after a debtor has filed for bankruptcy, in which the debtor agrees to repay all or part of an existing debt after the bankruptcy case is over. For instance, a debtor might make a reaffirmation agreement with the holder of a car note that the debtor can keep the car and must continue to pay the debt after bankruptcy.

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Antrim County, MI Reorganization Lawyers

Sponsored Law Firm

Marrs & Terry, PLLC

SPONSORED LAWYERS

Patrick D. Brady

David R. Munroe

Carole E. Brady

Bryan E. Graham

Barry L. Cole

Charles H. Koop

Stacey L. Truesdell

James L. Rossiter

David J. Reck

Peter R. Wendling

TIPS

LEGAL TERMS

SOLE PROPRIETORSHIP

FAIR CREDIT REPORTING ACT (FCRA)

PRIORITY DEBT

FCBA

BANKRUPTCY TRUSTEE

WORKOUT

LIABILITY

SETOFF

REAFFIRMATION

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