Ravenna Bankruptcy & Debt Lawyer, Michigan, page 3

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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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Michael J. Zitta

Divorce, Guardianships & Conservatorships, Elder Law, Bankruptcy, Landlord-Tenant

Status: Licensed: 29 Years

CONTACT

300 Washington Ave, Grand Haven, MI 49417

David L. Ten Cate

Real Estate, Collection

Status: Licensed: 33 Years

CONTACT

300 Washington Ave, Grand Haven, MI 49417

Bradford W. Springer

Litigation, Lawsuit & Dispute, Employee Rights, Criminal, Collection

Status: Licensed: 21 Years

CONTACT

100 N 3Rd St, Grand Haven, MI 49417

Bradley J. Fisher

Real Estate, Employee Rights, Administrative Law, Bankruptcy

Status: Licensed: 22 Years

CONTACT

100 N 3Rd St, Grand Haven, MI 49417

John P. Hayes

Bankruptcy, Bankruptcy & Debt, Personal Injury, Accident & Injury

Status: Licensed: 27 Years

CONTACT

114 N Third St, Grand Haven, MI 49417

Miles Lynch Greengard

Estate, Pension & Benefits, Business, Bankruptcy & Debt

Status: Licensed: 12 Years

CONTACT

509 Franklin Ave, Grand Haven, MI 49417

Rebecca L. Johnson

Lawsuit & Dispute, Bankruptcy, Bankruptcy & Debt

Status: Licensed: 22 Years

CONTACT

701 3 Mile Rd Nw, Grand Rapids, MI 49544

Kenneth Guy Lau

State Government, Government, Consumer Bankruptcy, Bankruptcy

Status: Licensed: 33 Years

CONTACT

125 Ottawa Avenue Nw, Grand Rapids, MI 49503

Robert D. Mollhagen

Real Estate, Business, Bankruptcy, Bankruptcy & Debt

Status: Licensed: 47 Years

CONTACT

333 Bridge Street, Nw, Grand Rapids, MI 49504

John T. Mcfarland

Lawsuit, International Tax, Estate Planning, Reorganization, Collection

Status: Licensed: 24 Years

CONTACT

45 Ottawa Ave Sw, Grand Rapids, MI 49503

800-814-6700

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LEGAL TERMS

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.

CREDIT FILE

See credit report.

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.

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.

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.

DISPOSABLE INCOME

The difference between a debtor's current monthly income and allowable expenses. This is the amount that the new bankruptcy law deems available to pay into a Ch... (more...)

The difference between a debtor's current monthly income and allowable expenses. This is the amount that the new bankruptcy law deems available to pay into a Chapter 13 plan.

SUBROGATION

A taking on of the legal rights of someone whose debts or expenses have been paid. For example, subrogation occurs when an insurance company that has paid off i... (more...)

A taking on of the legal rights of someone whose debts or expenses have been paid. For example, subrogation occurs when an insurance company that has paid off its injured claimant takes the legal rights the claimant has against a third party that caused the injury, and sues that third party.

CHAPTER 13 PLAN

A document filed in a Chapter 13 bankruptcy in which the debtor shows how all of his or her disposable income will be used over a three- to five-year period to ... (more...)

A document filed in a Chapter 13 bankruptcy in which the debtor shows how all of his or her disposable income will be used over a three- to five-year period to pay all mandatory debts -- for example, back child support, taxes, and mortgage arrearages -- as well as some or all unsecured, nonpriority debts, such as medical and credit card bills.

CURRENT MONTHLY INCOME

As defined by the new bankruptcy law, a bankruptcy filer's total gross income (whether taxable or not), averaged over the six-month period immediately preceding... (more...)

As defined by the new bankruptcy law, a bankruptcy filer's total gross income (whether taxable or not), averaged over the six-month period immediately preceding the bankruptcy filing. The debtor's current monthly income is used to determine whether the debtor can file for Chapter 7 bankruptcy, among other things.

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Ravenna Bankruptcy & Debt Lawyer, Michigan, page 3

Sponsored Law Firm

Marrs & Terry, PLLC

SPONSORED LAWYERS

Michael J. Zitta

David L. Ten Cate

Bradford W. Springer

Bradley J. Fisher

John P. Hayes

Miles Lynch Greengard

Rebecca L. Johnson

Kenneth Guy Lau

Robert D. Mollhagen

John T. Mcfarland

TIPS

LEGAL TERMS

TOXIC TORT

CREDIT FILE

REDEMPTION

PRESUMED ABUSE

DEFINED CONTRIBUTION PLAN

DISPOSABLE INCOME

SUBROGATION

CHAPTER 13 PLAN

CURRENT MONTHLY INCOME

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