Indian River Bankruptcy 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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Includes: Bankruptcy Litigation, Commercial Bankruptcy, Consumer Bankruptcy, Dissolution

Not enough matches for Indian River Bankruptcy lawyer.
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Lawrence P. Hanson

Other, Real Estate, Lawsuit & Dispute, Estate

Status: Licensed: 46 Years

CONTACT

625 N Grandview Beach Rd, Indian River, MI 49749

Gary K. Mielock

Business

Status: Licensed: 57 Years

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8383 Sturgeon Valley Dr, Indian River, MI 49749

Robert C. Kerzka

General Practice

Status: Licensed: 48 Years

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7380 W M 68 Hwy, Indian River, MI 49749

Kevin L. Tucker

General Practice

Status: Licensed: 34 Years

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6301 M 68 Hwy, Indian River, MI 49749

Stuart F. Cheney

Gift Taxation, Estate Planning, Business, Bankruptcy

Status:

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2142 Elmhurst Rd, Brutus, MI 49716

Francis S. Jaworski

General Practice

Status: Licensed: 48 Years

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8282 W M 68 Hwy, Indian River, MI 49749

Julie A. Galante

General Practice

Status: Licensed: 42 Years

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1009 Indian Point Rd, Brutus, MI 49716

Bruce D. Hunting

General Practice

Status: Licensed: 44 Years

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Indian River, MI 49749

Gregory C. Rotter

Estate Planning, Estate

Status: Licensed: 45 Years

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6101 Floyd St, Indian River, MI 49749

Philip S. Tschirhart

General Practice

Status: Licensed: 67 Years

CONTACT

4060 Orchard Beach Rd, Cheboygan, MI 49721

800-814-6700

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LEGAL TERMS

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.

CREDIT COUNSELING

Counseling that explores the possibility of repaying debts outside of bankruptcy and educates the debtor about credit, budgeting, and financial management. Unde... (more...)

Counseling that explores the possibility of repaying debts outside of bankruptcy and educates the debtor about credit, budgeting, and financial management. Under the new bankruptcy law, a debtor must undergo credit counseling with an approved provider before filing for bankruptcy.

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.

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.

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.

REDEMPTION

In Chapter 7 bankruptcy, when the debtor obtains legal title to collateral for a debt by paying the creditor the replacement value of the collateral in a lump s... (more...)

In Chapter 7 bankruptcy, when the debtor obtains legal title to collateral for a debt by paying the creditor the replacement value of the collateral in a lump sum. For example, a debtor may redeem a car note by paying the lender the amount a retail vendor would charge for the car, considering its age and condition.

TRADE NAME

The official name of a business, the one it uses on its letterhead and bank account when not dealing with consumers.

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.

S CORPORATION

A term that describes a profit-making corporation organized under state law whose shareholders have applied for and received subchapter S corporation status fro... (more...)

A term that describes a profit-making corporation organized under state law whose shareholders have applied for and received subchapter S corporation status from the Internal Revenue Service. Electing to do business as an S corporation lets shareholders enjoy limited liability status, as would be true of any corporation, but be taxed like a partnership or sole proprietor. That is, instead of being taxed as a separate entity (as would be the case with a regular or C corporation) an S corporation is a pass-through tax entity: income taxes are reported and paid by the shareholders, not the S corporation. To qualify as an S corporation a number of IRS rules must be met, such as a limit of 75 shareholders and citizenship requirements.

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Indian River Bankruptcy Lawyer, Michigan

Sponsored Law Firm

Marrs & Terry, PLLC

SPONSORED LAWYERS

Lawrence P. Hanson

Gary K. Mielock

Robert C. Kerzka

Kevin L. Tucker

Stuart F. Cheney

Francis S. Jaworski

Julie A. Galante

Bruce D. Hunting

Gregory C. Rotter

Philip S. Tschirhart

TIPS

LEGAL TERMS

ADMINISTRATIVE EXPENSES

CREDIT COUNSELING

SETOFF

CHAPTER 7 BANKRUPTCY

REPOSSESSION

REDEMPTION

TRADE NAME

NONEXEMPT PROPERTY

S CORPORATION

SAMPLE LEGAL CASES

RDM Holdings, Ltd. v. Continental Plastics Co.

Gulf Underwriters Ins. Co. v. McCLAIN INDUSTRIES, INC.

MICHIGAN COMMERCE BANK v. PALMS INVESTMENTS, LLC

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