Whittaker Bankruptcy & Debt Lawyer, Michigan, page 2

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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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Mitchell A. Goodkin

Entertainment, Labor Law, Business, Consumer Bankruptcy

Status: Licensed: 42 Years

CONTACT

2658 Esch Ave, Ann Arbor, MI 48104

Gary M. Victor

Other, Immigration, Medicare & Medicaid, Divorce, Consumer Bankruptcy

Status: Licensed: 55 Years

CONTACT

4928 Cole Blvd, Ypsilanti, MI 48197

Donnelly W. Hadden

Environmental Law, Consumer Rights, Consumer Bankruptcy, Accident & Injury

Status: Licensed: 64 Years

CONTACT

2002 Bancroft Dr, Ann Arbor, MI 48108

David A. Santacroce

Litigation, Lawsuit & Dispute, Collection, Consumer Bankruptcy

Status: Licensed: 33 Years

CONTACT

801 Monroe St, Ann Arbor, MI 48109

Rebekah Page-Gourley

Litigation, Intellectual Property, Federal Appellate Practice, Consumer Bankruptcy

Status: Licensed: 20 Years

CONTACT

1020 Greene St, Ann Arbor, MI 48109

Lander C. Mcloyd

Wills, Trusts, Estate Planning, Estate, Bankruptcy

Status:

CONTACT

1785 W Stadium Blvd, Ann Arbor, MI 48103

Judith A. Peters

Consumer Rights, Reorganization, Consumer Bankruptcy, Legal Malpractice

Status: Licensed: 28 Years

CONTACT

428 Sumark Way, Ann Arbor, MI 48103

Paul D. Reingold

Criminal, Civil Rights, Collection, Consumer Bankruptcy

Status: Licensed: 48 Years

CONTACT

801 Monroe St, Ann Arbor, MI 48109

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LEGAL TERMS

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.

PROCEEDS FOR DAMAGED EXEMPT PROPERTY

In a bankruptcy proceeding, money collected through insurance, arbitration, mediation, settlement or a lawsuit to pay for exempt property that's no longer exemp... (more...)

In a bankruptcy proceeding, money collected through insurance, arbitration, mediation, settlement or a lawsuit to pay for exempt property that's no longer exemptible because it has been damaged or destroyed.

INTEREST

A commission you pay a bank or other creditor for lending you money or extending you credit. An interest rate represents the annual percentage that is added to ... (more...)

A commission you pay a bank or other creditor for lending you money or extending you credit. An interest rate represents the annual percentage that is added to your balance. This means that if your loan or credit line has an interest rate of 8%, the holder adds 8% to the balance each year. More specifically, interest is calculated and added to your loan or credit line through a process called compounding. If interest is compounded daily, the balance will rise by 1/365th of 8% each day. If interest is compounded monthly, the balance will rise 1/12th of 8% at the start of each month.

HOUSEHOLDER

A person who supports and maintains a household, with or without other people. In bankruptcy law, a householder, housekeeper or head of household can claim a ho... (more...)

A person who supports and maintains a household, with or without other people. In bankruptcy law, a householder, housekeeper or head of household can claim a homestead exemption and possibly other exemptions relating to the maintenance of the household.

NUISANCE FEES

Money charged by some credit card companies to increase their profits when you fail to use the card the way the creditor wants. Examples include late payment fe... (more...)

Money charged by some credit card companies to increase their profits when you fail to use the card the way the creditor wants. Examples include late payment fees, inactivity fees and fees for not carrying a balance from month to month. It's best to shop around and get rid of cards that have these fees attached.

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.

BANKRUPTCY TRUSTEE

A person appointed by the court to oversee the case of a person or business that has filed for bankruptcy. In a consumer Chapter 7 case, the trustee's role is t... (more...)

A person appointed by the court to oversee the case of a person or business that has filed for bankruptcy. In a consumer Chapter 7 case, the trustee's role is to gather the debtor's nonexempt property, liquidate it and distribute it proportionally to her creditors. In a Chapter 13 case, the trustee's role is to receive the debtor's monthly payments and distribute them proportionally to her creditors.

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.

Whittaker Bankruptcy & Debt Lawyer, Michigan, page 2

Sponsored Law Firm

Marrs & Terry, PLLC

SPONSORED LAWYERS

Mitchell A. Goodkin

Gary M. Victor

Donnelly W. Hadden

David A. Santacroce

Rebekah Page-Gourley

Lander C. Mcloyd

Judith A. Peters

Paul D. Reingold

TIPS

LEGAL TERMS

NONEXEMPT PROPERTY

PROCEEDS FOR DAMAGED EXEMPT PROPERTY

INTEREST

HOUSEHOLDER

NUISANCE FEES

TRUTH IN LENDING ACT (TILA)

BANKRUPTCY TRUSTEE

SOLE PROPRIETORSHIP

FCRA

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