Chippewa County, MI Reorganization Lawyers, page 5

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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 A. Riggle

Consumer Rights, Discrimination

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71 Parkside Dr, Sault Sainte Marie, MI 49788

Anthony E. Andary

General Practice

Status: Licensed: 45 Years

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Sault Sainte Marie, MI 49783

Thomas J. Veum

Social Security, Workers' Compensation

Status: Licensed: 60 Years

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216 Ashmun St, Sault Sainte Marie, MI 49783

Robert L. Stratton

General Practice

Status: Licensed: 21 Years

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325 Court St, Sault Sainte Marie, MI 49783

Douglas A. Parviainen

General Practice

Status: Licensed: 35 Years

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300 W Pier Dr, Sault Sainte Marie, MI 49783

Nicholas J. Lambros

Real Estate, Motor Vehicle, Divorce & Family Law, DUI-DWI

Status: Licensed: 60 Years

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544 Ashmun St, Sault Sainte Marie, MI 49783

Farrell E. Elliott

Elder Law

Status: Licensed: 67 Years

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3212 Lakeshore Dr, Sault Sainte Marie, MI 49783

William Du Fresne Peppler

General Practice

Status: Licensed: 59 Years

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10 Parkside Drive, Kincheloe, MI 49788

Elizabeth L. Askwith

General Practice

Status: Licensed: 53 Years

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Sault Sainte Marie, MI 49783

Nicole Elizabeth Mills

General Practice

Status: Licensed: 17 Years

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30126 E Bill Robinson Dr, Drummond Island, MI 49726

800-814-6700

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LEGAL TERMS

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.

PRESUMED ABUSE

In a Chapter 7 bankruptcy, when the debtor's current monthly income exceeds the family median income for his or her state and he or she cannot pass the means te... (more...)

In a Chapter 7 bankruptcy, when the debtor's current monthly income exceeds the family median income for his or her state and he or she cannot pass the means test, the court will presume that the debtor has sufficient income to fund a Chapter 13 plan. In this situation, the debtor will not be allowed to proceed with a Chapter 7 bankruptcy unless the debtor can prove that he or she is not abusing the Chapter 7 bankruptcy remedy.

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.

TOXIC TORT

A personal injury caused by exposure to a toxic substance, such as asbestos or hazardous waste. Victims can sue for medical expenses, lost wages and pain and su... (more...)

A personal injury caused by exposure to a toxic substance, such as asbestos or hazardous waste. Victims can sue for medical expenses, lost wages and pain and suffering.

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.

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.

GUARANTOR

A person who makes a legally binding promise to either pay another person's debt or perform another person's duty if that person defaults or fails to perform. T... (more...)

A person who makes a legally binding promise to either pay another person's debt or perform another person's duty if that person defaults or fails to perform. The guarantor gives a 'guaranty,' which is an assurance that the debt or other obligation will be fulfilled.

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.

REPOSSESSION

A creditor's taking property that has been pledged as collateral for a loan. Lenders will most often repossess cars when the owner has missed loan payments and ... (more...)

A creditor's taking property that has been pledged as collateral for a loan. Lenders will most often repossess cars when the owner has missed loan payments and has not attempted to work with the lender to resolve the problem. A repossessor can't use force to get at your car, but he can legally hot-wire it and even drive it out of your unlocked garage.

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Chippewa County, MI Reorganization Lawyers, page 5

Sponsored Law Firm

Marrs & Terry, PLLC

SPONSORED LAWYERS

James A. Riggle

Anthony E. Andary

Thomas J. Veum

Robert L. Stratton

Douglas A. Parviainen

Nicholas J. Lambros

Farrell E. Elliott

William Du Fresne Peppler

Elizabeth L. Askwith

Nicole Elizabeth Mills

TIPS

LEGAL TERMS

LIMITED PARTNERSHIP

PRESUMED ABUSE

CONSUMER CREDIT COUNSELING SERVICE (CCCS)

TOXIC TORT

NONEXEMPT PROPERTY

TRUTH IN LENDING ACT (TILA)

GUARANTOR

DEBT COLLECTOR

REPOSSESSION

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