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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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Denis J. McCarthy

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Criminal, Divorce & Family Law, Accident & Injury, Real Estate, Litigation

Denis McCarthy proudly serves Metamora, MI and the neighboring communities in the areas of Criminal Defense, Divorce & Family Law, Accident & Injury, ... (more)

FREE CONSULTATION

CONTACT

800-936-8591

4000 S Oak St, Metamora, MI 48455

Eric G. Flinn

Real Estate, Limited Liability Companies, Administrative Law, Business

Status: In Good Standing Licensed: 46 Years

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8054 Dryden Rd, Almont, MI 48003

Steven Richard Schneider

Workers' Compensation, Family Law, Estate Planning, Business, Estate

Status: In Good Standing Licensed: 57 Years

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209 S Main St, Almont, MI 48003

Mary Louisa Ligon

Agriculture, Industry Specialties, Estate Planning, Estate

Status: In Good Standing Licensed: 19 Years

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800 S Main St, Almont, MI 48003

Ryan L. Westbrook

Divorce & Family Law, Criminal, Credit & Debt, Bankruptcy & Debt

Status: In Good Standing Licensed: 15 Years

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James C. Toth

Foreclosure, Dispute Resolution, DUI-DWI, Contract

Status: In Good Standing Licensed: 30 Years

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Arthur W. Whelan

General Practice

Status: In Good Standing Licensed: 61 Years

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49 Lone Oak Dr, Attica, MI 48412

Andrew J. Kozyra

Divorce

Status: In Good Standing Licensed: 39 Years

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Richard D. Nash

Real Estate, Government, Insurance, Accident & Injury

Status: In Good Standing Licensed: 39 Years

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5787 Dryden Rd, Dryden, MI 48428

Julie Nash-Flanders

Family Law, Divorce & Family Law

Status: In Good Standing Licensed: 21 Years

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5787 Dryden Rd, Dryden, MI 48428

800-923-0641

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LEGAL TERMS

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.

SUBROGATION

A taking on of the legal rights of someone whose debts or expenses have been paid. For example, subrogation occurs when an insurance company that has paid off i... (more...)

A taking on of the legal rights of someone whose debts or expenses have been paid. For example, subrogation occurs when an insurance company that has paid off its injured claimant takes the legal rights the claimant has against a third party that caused the injury, and sues that third party.

LIQUIDATING PARTNER

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

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.

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.

TRADE NAME

The official name of a business, the one it uses on its letterhead and bank account when not dealing with consumers.

DOING BUSINESS AS (DBA)

A situation in which a business owner operates a company under a name different from his or her real name. The owner must file a 'fictitious name statement' or ... (more...)

A situation in which a business owner operates a company under a name different from his or her real name. The owner must file a 'fictitious name statement' or similar document with the appropriate agency -- for example, the county clerk. This enables consumers to discover the names of the business owners, which is important if a consumer needs to sue the business.

NONPROFIT CORPORATION

A legal structure authorized by state law allowing people to come together to either benefit members of an organization (a club, or mutual benefit society) or f... (more...)

A legal structure authorized by state law allowing people to come together to either benefit members of an organization (a club, or mutual benefit society) or for some public purpose (such as a hospital, environmental organization or literary society). Nonprofit corporations, despite the name, can make a profit, but the business cannot be designed primarily for profit-making purposes, and the profits must be used for the benefit of the organization or purpose the corporation was created to help. When a nonprofit corporation dissolves, any remaining assets must be distributed to another nonprofit, not to board members. As with for-profit corporations, directors of nonprofit corporations are normally shielded from personal liability for the organization's debts. Some nonprofit corporations qualify for a federal tax exemption under _ 501(c)(3) of the Internal Revenue Code, with the result that contributions to the nonprofit are tax deductible by their donors.

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.

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Lapeer County, MI Collection Lawyers

Sponsored Law Firm

Marrs & Terry, PLLC

SPONSORED LAWYERS

Denis J. McCarthy

Eric G. Flinn

Steven Richard Schneider

Mary Louisa Ligon

Ryan L. Westbrook

James C. Toth

Arthur W. Whelan

Andrew J. Kozyra

Richard D. Nash

Julie Nash-Flanders

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LEGAL TERMS

NONDISCHARGEABLE DEBTS

SUBROGATION

LIQUIDATING PARTNER

PRIORITY DEBT

S CORPORATION

TRADE NAME

DOING BUSINESS AS (DBA)

NONPROFIT CORPORATION

CURRENT MONTHLY INCOME

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