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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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Matthew Attalah Sous

Real Estate, Litigation, Estate Planning, Consumer Bankruptcy

Status: In Good Standing Licensed: 8 Years

CONTACT

301 E Genesee Ave, Saginaw, MI 48607

Robert P. Denton

Bankruptcy

Status: In Good Standing Licensed: 42 Years

CONTACT

3105 Cabaret Trl South, Saginaw, MI 48603

Scott A. Schisler

Government, Business, Collection, Personal Injury

Status: In Good Standing Licensed: 31 Years

CONTACT

999 S Washington Ave, Saginaw, MI 48601

Matthew E. Gronda

Bankruptcy, Foreclosure, Traffic, Business

Status: In Good Standing

CONTACT

820 North Michigan Avenue, Saginaw, MI 48602

Millicent E. Shek

Estate, Divorce, Bankruptcy & Debt, Accident & Injury

Status: In Good Standing Licensed: 10 Years

CONTACT

803 N Michigan Ave, Saginaw, MI 48602

Peter S. Shek

Real Estate, Business, Bankruptcy & Debt, Accident & Injury

Status: In Good Standing Licensed: 43 Years

CONTACT

803 N Michigan Ave, Saginaw, MI 48602

Thomas W. Mcdonald

Bankruptcy

Status: In Good Standing Licensed: 43 Years

CONTACT

3144 Davenport Ave, Saginaw, MI 48602

Aaron S. Coltrane

Workers' Compensation, Contract, Collection, Wrongful Death

Status: In Good Standing Licensed: 10 Years

CONTACT

Saginaw, MI 48608

Daniel C. Himmelspach

Consumer Rights, Business, Consumer Bankruptcy, Bankruptcy

Status: In Good Standing Licensed: 44 Years

CONTACT

Saginaw, MI 48603

Michele K. Allen

Art, Business, Entertainment, Consumer Bankruptcy

Status: In Good Standing Licensed: 32 Years

CONTACT

Saginaw, MI 48605

800-923-0641

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LEGAL TERMS

WORKOUT

A debtor's plan to take care of a debt, by paying it off or through loan forgiveness. Workouts are often created to avoid bankruptcy or foreclosure proceedings.

LIQUIDATING PARTNER

The member of an insolvent or dissolving partnership responsible for paying the debts and settling the accounts of the partnership.

FAIR DEBT COLLECTIONS & PRACTICES ACT (FDCPA)

A federal law that outlaws unfair debt collection practices, including lying, harassing, misleading and otherwise abusing debtors, by debt collectors working fo... (more...)

A federal law that outlaws unfair debt collection practices, including lying, harassing, misleading and otherwise abusing debtors, by debt collectors working for collection agencies. The law does not apply to creditors collecting their own debts. This law has greatly improved conditions for debtors, although more than a few debt collectors ignore the law. If a collection agency violates the law, debtors can contact the Federal Trade Commission for help.

LIMITED PARTNERSHIP

A business structure that allows one or more partners (called limited partners) to enjoy limited personal liability for partnership debts while another partner ... (more...)

A business structure that allows one or more partners (called limited partners) to enjoy limited personal liability for partnership debts while another partner or partners (called general partners) have unlimited personal liability. The key difference between a general and limited partner concerns management decision making--general partners run the business, and limited partners, who are usually passive investors, are not allowed to make day-to-day business decisions. If they do, they risk being treated as general partners with unlimited personal liability.

LIMITED LIABILITY

The maximum amount a business owner can lose if the business is subject to debts, claims or other liabilities. An owner of a limited liability company (LLC) or ... (more...)

The maximum amount a business owner can lose if the business is subject to debts, claims or other liabilities. An owner of a limited liability company (LLC) or a person who invests in a corporation (a shareholder) generally stands to lose only the amount of money invested in the business. This means that if the business folds, creditors cannot seize or sell an owner's home, car, or other personal assets.

401(K) PLAN

A deferred compensation savings program in which employees invest part of their wages, sometimes along with employer contributions, to save on taxes. No income ... (more...)

A deferred compensation savings program in which employees invest part of their wages, sometimes along with employer contributions, to save on taxes. No income taxes on the amount invested and any earnings are due until the employee withdraws money from the fund.

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.'

C CORPORATION

Common business slang to distinguish a corporation whose profits are taxed separate from its owners under subchapter C of the Internal Revenue Code, from an S c... (more...)

Common business slang to distinguish a corporation whose profits are taxed separate from its owners under subchapter C of the Internal Revenue Code, from an S corporation, whose profits are passed through to shareholders and taxed on their personal returns under subchapter S of the Internal Revenue Code.

Carrollton Bankruptcy & Debt Lawyer, Michigan

Sponsored Law Firm

Marrs & Terry, PLLC

SPONSORED LAWYERS

Matthew Attalah Sous

Robert P. Denton

Scott A. Schisler

Matthew E. Gronda

Millicent E. Shek

Peter S. Shek

Thomas W. Mcdonald

Aaron S. Coltrane

Daniel C. Himmelspach

Michele K. Allen

TIPS

LEGAL TERMS

WORKOUT

LIQUIDATING PARTNER

FAIR DEBT COLLECTIONS & PRACTICES ACT (FDCPA)

LIMITED PARTNERSHIP

LIMITED LIABILITY

401(K) PLAN

LOSS DAMAGE WAIVER (LDW)

C CORPORATION

FCBA

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