Kent County, MI Bankruptcy & Debt Lawyers, page 6

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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.
2. AboutExperienced Michigan Lawyer
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3. Articles
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Lisa M. Feistritzer

Consumer Rights, Business, Consumer Bankruptcy

Status: Licensed: 24 Years

CONTACT

7546 Leyton Dr Se, Ada, MI 49301

James R. Oppenhuizen

Bankruptcy, Estate Planning, Family Law, Litigation

Status: Licensed: 20 Years

CONTACT

2810 E Beltline Ln Ne, Grand Rapids, MI 49525

Gregory J. Ekdahl

Litigation, Corporate, Bankruptcy, Bankruptcy & Debt

Status: Licensed: 21 Years

CONTACT

230 E Fulton Street, Grand Rapids, MI 49503

Joseph Eugene Belsito

Consumer Rights, Administrative Law, Business, Consumer Bankruptcy

Status: Licensed: 20 Years

CONTACT

45 Ottawa Ave Sw, Grand Rapids, MI 49503

Jeffrey Raymond Portko

Motor Vehicle, Wrongful Termination, Divorce & Family Law, Criminal, Bankruptcy & Debt

Status:

CONTACT

1430 Michigan St Ne, Grand Rapids, MI 49503

Jeffrey K. Vanhattum

Litigation, Estate, Divorce & Family Law, Consumer Bankruptcy, Property Damage

Status: Licensed: 40 Years

CONTACT

1750 Leonard St Ne, Grand Rapids, MI 49505

Thomas H. Toft

Tax, Consumer Bankruptcy

Status: Licensed: 18 Years

CONTACT

25 Division Ave South, Grand Rapids, MI 49503

Martin Blase Mead

Litigation, Employee Rights, Administrative Law, Consumer Bankruptcy

Status: Licensed: 39 Years

CONTACT

29 Pearl St Nw, Grand Rapids, MI 49503

Miriam Jane Aukerman

Criminal, Collection

Status: Licensed: 24 Years

CONTACT

1514 Wealthy St Se, Grand Rapids, MI 49506

John Patrick Smith

Consumer Rights, Consumer Bankruptcy

Status: Licensed: 18 Years

CONTACT

25 Division Ave South, Grand Rapids, MI 49503

800-814-6700

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LEGAL TERMS

CREDIT FILE

See credit report.

COLLECTION AGENCY

A company hired by a creditor to collect a debt that it is owed. Creditors typically hire a collection agency only after they have made efforts to collect the d... (more...)

A company hired by a creditor to collect a debt that it is owed. Creditors typically hire a collection agency only after they have made efforts to collect the debt themselves, typically through letters (called 'dunning' letters) and telephone calls. Collection agencies are regulated by the federal Fair Debt Collection Practices Act. Unfortunately, too many collectors ignore this law.

ACCORD AND SATISFACTION

An agreement to settle a contract dispute by accepting less than what's due. This procedure is often used by creditors who want to cut their losses by collectin... (more...)

An agreement to settle a contract dispute by accepting less than what's due. This procedure is often used by creditors who want to cut their losses by collecting as much money as they can from debtors who cannot pay the full amount.

COLLATERAL

Property that guarantees payment of a secured debt.

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.

GRACE PERIOD

A period of time during which you are not required to make payments on a debt. For example, most credit cards give you a grace period of 20-30 days before you h... (more...)

A period of time during which you are not required to make payments on a debt. For example, most credit cards give you a grace period of 20-30 days before you have to pay interest on the amount of your purchases. Cash advances, however, usually have no grace period; interest begins to accumulate from the date of the withdrawal, even if you pay your bills on time. Also, some student loans give you a grace period after graduating or dropping out of school. During this time, you are not required to make payments on your loan.

CCCS

See Consumer Credit Counseling Service.

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.

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.

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Kent County, MI Bankruptcy & Debt Lawyers, page 6

Sponsored Law Firm

Marrs & Terry, PLLC

SPONSORED LAWYERS

Lisa M. Feistritzer

James R. Oppenhuizen

Gregory J. Ekdahl

Joseph Eugene Belsito

Jeffrey Raymond Portko

Jeffrey K. Vanhattum

Thomas H. Toft

Martin Blase Mead

Miriam Jane Aukerman

John Patrick Smith

TIPS

LEGAL TERMS

CREDIT FILE

COLLECTION AGENCY

ACCORD AND SATISFACTION

COLLATERAL

CHAPTER 7 BANKRUPTCY

GRACE PERIOD

CCCS

PRIORITY DEBT

NONPROFIT CORPORATION

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PRACTICE AREAS 70