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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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Nancy E. Gallagher

Trusts, Family Law, Contract, Credit & Debt

Status: In Good Standing

CONTACT

120 E Superior St, Alma, MI 48801

Thomas A. Ginster

Landlord-Tenant, Estate, Criminal, Consumer Rights, Bankruptcy

Status: In Good Standing

CONTACT

203 S Lafayette St, Greenville, MI 48838

Jason Aaron Eggleston

Real Estate, Family Law, Bankruptcy & Debt

Status: In Good Standing Licensed: 11 Years

CONTACT

315 S Clay St, Greenville, MI 48838

Erik Holt

Bankruptcy, Personal Injury, DUI-DWI, Divorce

Status: In Good Standing

CONTACT

203 S. Lafayette St., Greenville, MI 48838

Kathleen M. Dunne

Government, Estate, Adoption, Bankruptcy & Debt

Status: In Good Standing Licensed: 28 Years

CONTACT

601 W Washington St, Greenville, MI 48838

Kurt D. Peterson

Workers' Compensation, Family Law, Elder Law, Collection

Status: In Good Standing

CONTACT

203 S. Lafayette Street, Greenville, MI 48838

James R. Samuels

Criminal, Collection

Status: In Good Standing

CONTACT

10021 Sylvan Dr, Mecosta, MI 49332

Jonathan D. Hagy

Estate Planning, Native People, Administrative Law, Collection

Status: In Good Standing

CONTACT

2885 Health Pkwy, Mount Pleasant, MI 48858

David Ryan Barberi

Power of Attorney, Child Custody, Criminal, Bankruptcy

Status: In Good Standing

CONTACT

200 N Main St, Mount Pleasant, MI 48858

Jennifer Lauria

Collection, Dispute Resolution, Criminal

Status: In Good Standing Licensed: 2 Years

CONTACT

200 N Main St, Mount Pleasant, MI 48858

800-923-0641

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LEGAL TERMS

LIQUIDATING PARTNER

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

DISCHARGE (OF DEBTS)

A bankruptcy court's erasure of the debts of a person or business that has filed for bankruptcy.

PREFERENCE

A payment made by a debtor to a creditor within a defined period prior to filing for bankruptcy -- within three months for arms-length creditors (regular commer... (more...)

A payment made by a debtor to a creditor within a defined period prior to filing for bankruptcy -- within three months for arms-length creditors (regular commercial creditors) and within one year for insider creditors (friends, family members, and business associates). Because a preference gives the creditor who received the payment an edge over other creditors in the bankruptcy case, the trustee can recover the preference (the amount of the payment) and distribute it among all of the creditors.

GUARANTEED RESERVATION

A hotel or rental car reservation secured by a credit card number. In exchange for your card number, the hotel or rental agency promises to have a room or vehic... (more...)

A hotel or rental car reservation secured by a credit card number. In exchange for your card number, the hotel or rental agency promises to have a room or vehicle for you no matter when you show up. If you have a guaranteed reservation with a hotel, it must provide you with a room, either at that hotel or at another comparable establishment. If you have a guaranteed reservation with a car agency, it must provide you with a vehicle. The downside of a guaranteed reservation is that if you don't show up and haven't cancelled your reservation, you will be billed for one night in the room or one day's use of the vehicle.

CHAPTER 13 BANKRUPTCY

The reorganization bankruptcy for consumers, in which you partially or fully repay your debts. In Chapter 13 bankruptcy, you keep your property and use your inc... (more...)

The reorganization bankruptcy for consumers, in which you partially or fully repay your debts. In Chapter 13 bankruptcy, you keep your property and use your income to pay all or a portion of the debts over three to five years. The minimum amount you must pay is roughly equal to the value of your nonexempt property. In addition, you must pledge your disposable net income -- after subtracting reasonable expenses -- for the period during which you are making payments. At the end of the three-to five-year period, the balance of what you owe on most debts is erased.

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.

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.

SECRET WARRANTY PROGRAM

A program under which a car manufacturer will make repairs for free on vehicles with persistent problems, even after the warranty has expired, in order to avoid... (more...)

A program under which a car manufacturer will make repairs for free on vehicles with persistent problems, even after the warranty has expired, in order to avoid a recall and the accompanying bad press. Secret warranties are rarely advertised by the manufacturer, so consumers must pursue the manufacturer to discover and take advantage of them. A few states require manufacturers to notify car buyers when they adopt secret warranty programs.

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.

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Edmore Bankruptcy & Debt Lawyer, Michigan

Sponsored Law Firm

Marrs & Terry, PLLC

SPONSORED LAWYERS

Nancy E. Gallagher

Thomas A. Ginster

Jason Aaron Eggleston

Erik Holt

Kathleen M. Dunne

Kurt D. Peterson

James R. Samuels

Jonathan D. Hagy

David Ryan Barberi

Jennifer Lauria

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LEGAL TERMS

LIQUIDATING PARTNER

DISCHARGE (OF DEBTS)

PREFERENCE

GUARANTEED RESERVATION

CHAPTER 13 BANKRUPTCY

DEFINED CONTRIBUTION PLAN

S CORPORATION

SECRET WARRANTY PROGRAM

C CORPORATION

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