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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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Spencer Michael Bondy

Municipal, Criminal, Freedom of Information, Collection

Status: In Good Standing Licensed: 8 Years

CONTACT

522 N Main St, Milford, MI 48381

Paul Charles Taylor

Divorce, Elder Law, Contract, Collection

Status: In Good Standing Licensed: 8 Years

CONTACT

10246 Crouse Rd, Hartland, MI 48353

Stuart Lawrence Richards

Real Estate, Federal Appellate Practice, Criminal, Collection

Status: In Good Standing Licensed: 62 Years

CONTACT

6061 Venice Dr, Commerce Township, MI 48382

Sean Robert Miller

Trusts, Family Law, Elder Law, Collection

Status: In Good Standing Licensed: 9 Years

CONTACT

12000 Davisburg Rd, Davisburg, MI 48350

John G McGill

Tax, Government, Wills, Collection

Status: In Good Standing Licensed: 37 Years

CONTACT

8640 Heatherset Dr, Brighton, MI 48114

Richard W. Paige

Health Care Other, Criminal, Business, Collection

Status: In Good Standing Licensed: 33 Years

CONTACT

1255 N Oakland Blvd, Waterford, MI 48327

Derek Bahri

Collection, Veterans' Affairs

Status: In Good Standing Licensed: 3 Years

CONTACT

788 Wolverine Dr, Commerce Township, MI 48390

Dale Smith

Litigation, Custody & Visitation, Collection, Accident & Injury

Status: In Good Standing Licensed: 39 Years

CONTACT

808 E Maple St, Holly, MI 48442

Pearl E. Honig

Government, Estate, Divorce & Family Law, Collection

Status: In Good Standing Licensed: 35 Years

CONTACT

7654 Park Meadow Ln, West Bloomfield, MI 48324

Christene M. Richter

Landlord-Tenant, Real Estate, Lawsuit & Dispute, Collection

Status: In Good Standing Licensed: 20 Years

CONTACT

Wixom, MI 48393

800-923-0641

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LEGAL TERMS

COLLECTION AGENCY

A company hired by a creditor to collect a debt that it is owed. Creditors typically hire a collection agency only after they have made efforts to collect the d... (more...)

A company hired by a creditor to collect a debt that it is owed. Creditors typically hire a collection agency only after they have made efforts to collect the debt themselves, typically through letters (called 'dunning' letters) and telephone calls. Collection agencies are regulated by the federal Fair Debt Collection Practices Act. Unfortunately, too many collectors ignore this law.

GARNISHMENT

A court-ordered process that takes property from a person to satisfy a debt. For example, a person who owes money to a creditor may have her wages garnished if ... (more...)

A court-ordered process that takes property from a person to satisfy a debt. For example, a person who owes money to a creditor may have her wages garnished if she loses a lawsuit filed by the creditor. Up to 25% of a person's wages can be deducted.

MEETING OF CREDITORS

A meeting held with the bankruptcy trustee about a month after you file for bankruptcy. You must attend. The trustee reviews your bankruptcy papers and asks a f... (more...)

A meeting held with the bankruptcy trustee about a month after you file for bankruptcy. You must attend. The trustee reviews your bankruptcy papers and asks a few questions. In a Chapter 7, the meeting of creditors lasts a few minutes and rarely do any creditors show up. In a Chapter 13 bankruptcy, one or two creditors may attend, especially if they disagree with some provision of your repayment plan.

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.

FCBA

See Fair Credit Billing Act.

NONDISCHARGEABLE DEBTS

Debts that cannot be erased by filing for bankruptcy. If you file for Chapter 7 bankruptcy, these debts will remain when your case is over. If you file for Chap... (more...)

Debts that cannot be erased by filing for bankruptcy. If you file for Chapter 7 bankruptcy, these debts will remain when your case is over. If you file for Chapter 13 bankruptcy, the nondischargeable debts will have to be paid in full during your plan or you will have a balance at the end of your case. Examples of nondischargeable debts include alimony and child support, most income tax debts, many student loans and debts for personal injury or death caused by drunk driving. Compare dischargeable debts.

CREDITOR

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

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.

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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Highland Collection Lawyer, Michigan

Sponsored Law Firm

Marrs & Terry, PLLC

SPONSORED LAWYERS

Spencer Michael Bondy

Paul Charles Taylor

Stuart Lawrence Richards

Sean Robert Miller

John G McGill

Richard W. Paige

Derek Bahri

Dale Smith

Pearl E. Honig

Christene M. Richter

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LEGAL TERMS

COLLECTION AGENCY

GARNISHMENT

MEETING OF CREDITORS

CHAPTER 13 PLAN

FCBA

NONDISCHARGEABLE DEBTS

CREDITOR

SOLE PROPRIETORSHIP

S CORPORATION

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