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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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Includes: Bankruptcy Litigation, Commercial Bankruptcy, Consumer Bankruptcy, Dissolution

Christopher Wayne Quinn II

✓ VERIFIED

Felony, DUI-DWI, Misdemeanor, Traffic, Bankruptcy

Criminal Defense Attorney Handeling Felony and Misdemeanor Cases

At the law offices of Quinn and associates our motto is knowledge, excellence, and determination. The professionals at The Law Offices of Quinn & Asso... (more)

FREE CONSULTATION

CONTACT

800-645-3790

400 Monroe, Suite 290, Detroit, MI 48226

Donald C. Wilson

Real Estate, Litigation, Administrative Law, Bankruptcy

Status: In Good Standing

CONTACT

700 Towner Street, Ypsilanti, MI 48198

Gary L. Sackett

Tax, Transportation & Shipping, Elder Law, Bankruptcy

Status: In Good Standing

CONTACT

8556 N. Canton Center Road, Canton, MI 48188

Thomas Paluchniak

Collection, Consumer Bankruptcy, Commercial Bankruptcy, Bankruptcy

Status: In Good Standing

CONTACT

712 Stanley St, Ypsilanti, MI 48198

Darin Kurt Weinberg

Divorce & Family Law, Criminal, Bankruptcy, Accident & Injury

Status: In Good Standing

FREE CONSULTATION

CONTACT

38110 N. Executive Drive, Westland, MI 48185

Jeffrey G. Bennett

Farms, DUI-DWI, Criminal, Bankruptcy

Status: In Good Standing

FREE CONSULTATION

CONTACT

214 South Main Street, Ann Arbor, MI 48104

Charles J. Schneider

Bankruptcy, Bankruptcy & Debt, Credit & Debt

Status: In Good Standing

CONTACT

39319 Plymouth Rd, Livonia, MI 48150

Ryan Edward Ladley

Consumer Bankruptcy, Bankruptcy

Status: In Good Standing

CONTACT

39319 Plymouth Rd, Livonia, MI 48150

Lisa M. Manoogian

Consumer Bankruptcy, Bankruptcy

Status: In Good Standing

CONTACT

39319 Plymouth Rd, Livonia, MI 48150

Leo J. Gibson

Business Organization, Bankruptcy, Litigation

Status: In Good Standing

CONTACT

211 W Fort St., Detroit, MI 48226

800-923-0641

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LEGAL TERMS

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.

WINDING UP

The process of paying off expenses and creditors, settling accounts, and collecting and distributing (to shareholders and owners) whatever assets then remain, a... (more...)

The process of paying off expenses and creditors, settling accounts, and collecting and distributing (to shareholders and owners) whatever assets then remain, all with the ultimate goal of liquidating or closing down a corporation or partnership.

BULK SALES LAW

A law that regulates the transfer of business assets so that business owners cannot dispose of assets in order to avoid creditors. If a business owner wants to ... (more...)

A law that regulates the transfer of business assets so that business owners cannot dispose of assets in order to avoid creditors. If a business owner wants to conduct a bulk sale of business assets -- that is, get rid of an unusually large amount of inventory, merchandise or equipment -- the business owner must typically publish a notice of the sale and give written notice to creditors. Then, the owner must set up an account to hold the funds from the sale for a brief period of time during which creditors may make claims against the money. The prohibition against bulk sales is spelled out in the Uniform Commercial Code -- and laws modeled on the UCC have been generally adopted throughout the country.

ACCORD AND SATISFACTION

An agreement to settle a contract dispute by accepting less than what's due. This procedure is often used by creditors who want to cut their losses by collectin... (more...)

An agreement to settle a contract dispute by accepting less than what's due. This procedure is often used by creditors who want to cut their losses by collecting as much money as they can from debtors who cannot pay the full amount.

SECURED DEBT

A debt on which a creditor has a lien. The creditor can institute a foreclosure or repossession to take the property identified by the lien, called the collater... (more...)

A debt on which a creditor has a lien. The creditor can institute a foreclosure or repossession to take the property identified by the lien, called the collateral, to satisfy the debt if you default. Compare unsecured debt.

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.

ADMINISTRATIVE EXPENSES

The trustee's fee, the debtor's attorney fees, and other costs of bringing a bankruptcy case that a debtor must pay in full in a Chapter 13 repayment plan. Admi... (more...)

The trustee's fee, the debtor's attorney fees, and other costs of bringing a bankruptcy case that a debtor must pay in full in a Chapter 13 repayment plan. Administrative costs are typically 10% of the debtor's total payments under the plan.

CREDITOR

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

DISCHARGE (OF DEBTS)

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

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Luna Pier Bankruptcy Lawyer, Michigan

Sponsored Law Firm

Marrs & Terry, PLLC

SPONSORED LAWYERS

Christopher Wayne Quinn II

Donald C. Wilson

Gary L. Sackett

Thomas Paluchniak

Darin Kurt Weinberg

Jeffrey G. Bennett

Charles J. Schneider

Ryan Edward Ladley

Lisa M. Manoogian

Leo J. Gibson

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LEGAL TERMS

LIMITED LIABILITY

WINDING UP

BULK SALES LAW

ACCORD AND SATISFACTION

SECURED DEBT

CURRENT MONTHLY INCOME

ADMINISTRATIVE EXPENSES

CREDITOR

DISCHARGE (OF DEBTS)

SAMPLE LEGAL CASES

RDM Holdings, Ltd. v. Continental Plastics Co.

Gulf Underwriters Ins. Co. v. McCLAIN INDUSTRIES, INC.

MICHIGAN COMMERCE BANK v. PALMS INVESTMENTS, LLC

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