Westphalia Reorganization 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.
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Not enough matches for Westphalia Reorganization lawyer.
Below are all Westphalia Bankruptcy & Debt lawyers.

Martin F. Tieber

Collection, Federal Appellate Practice, Criminal

Status: Licensed: 50 Years

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403 Seymour Ave, Lansing, MI 48933

Stephen Michael Cornish

Estate Planning, Divorce, Elder Law, Collection

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320 N Washington Square, Lansing, MI 48933

Gina M. Torielli

International Tax, Gift Taxation, Limited Liability Companies, Reorganization

Status: Licensed: 34 Years

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201 Townsend Street, Lansing, MI 48933

Michael J. Marutiak

Criminal, Administrative Law, Collection

Status: Licensed: 46 Years

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1131 Vail Ct, Lansing, MI 48917

Ekugbere Joseph Ejoh

Litigation, International Other, Immigration, Bankruptcy

Status: Licensed: 13 Years

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3300 Lawdor Rd, Lansing, MI 48911

Kieran Patrick Marion

Electronic Commerce, Election & Political, Consumer Bankruptcy, Animal Bite

Status: Licensed: 23 Years

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110 W Michigan Ave, Lansing, MI 48933

Patricia Joan Scott

Foreclosure, Agriculture, Banking & Finance, Collection

Status: Licensed: 16 Years

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313 S Washington Square, Lansing, MI 48933

Norman C. Witte

Landlord-Tenant, Litigation, Business, Collection

Status: Licensed: 38 Years

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119 E Kalamazoo St, Lansing, MI 48933

Peter A. Teholiz

Foreclosure, Agriculture, Contract, Credit & Debt

Status: Licensed: 43 Years

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2400 Lake Lansing Rd, Lansing, MI 48912

Denise M. Cole

Divorce, Family Law, Collection, Adoption, Guardianships & Conservatorships

Status: Licensed: 22 Years

CONTACT

Lansing, MI 48908

800-814-6700

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LEGAL TERMS

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.

AUTOMATIC STAY

An injunction automatically issued by the bankruptcy court when a debtor files for bankruptcy. The automatic stay prohibits most creditor collection activities,... (more...)

An injunction automatically issued by the bankruptcy court when a debtor files for bankruptcy. The automatic stay prohibits most creditor collection activities, such as filing or continuing lawsuits, making written requests for payment, or notifying credit reporting bureaus of an unpaid debt.

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.

LOSS DAMAGE WAIVER (LDW)

Rental car insurance that makes the rental car company responsible for damage to or theft of a rental car. This insurance is a major consumer ripoff, as it ofte... (more...)

Rental car insurance that makes the rental car company responsible for damage to or theft of a rental car. This insurance is a major consumer ripoff, as it often duplicates coverage provided by the renter's regular car insurance and/or the credit card she uses to rent the car. Nevertheless, hard-sell practices by rental car agents often dupe people into buying LDWs they don't really need. LDW is also called 'collision damage waiver.'

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.

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.

CREDITOR

A person or entity (such as a bank) to whom a debt is owed.

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.

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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Westphalia Reorganization Lawyer, Michigan, page 3

Sponsored Law Firm

Marrs & Terry, PLLC

SPONSORED LAWYERS

Martin F. Tieber

Stephen Michael Cornish

Gina M. Torielli

Michael J. Marutiak

Ekugbere Joseph Ejoh

Kieran Patrick Marion

Patricia Joan Scott

Norman C. Witte

Peter A. Teholiz

Denise M. Cole

TIPS

LEGAL TERMS

CURRENT MONTHLY INCOME

AUTOMATIC STAY

PRIORITY DEBT

LOSS DAMAGE WAIVER (LDW)

SOLE PROPRIETORSHIP

REDEMPTION

CREDITOR

DISPOSABLE INCOME

S CORPORATION

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