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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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Michael Kevin Falahee

Divorce, Contract, Collection, Personal Injury

Status: In Good Standing Licensed: 19 Years

CONTACT

1000 Laurence Ave, Jackson, MI 49202

Kyle Matthew Williams

Litigation, Elder Law, Administrative Law, Collection

Status: In Good Standing Licensed: 11 Years

CONTACT

4095 Legacy Pkwy, Lansing, MI 48911

Bruce A. Timmons

Family Law, Elder Law, Administrative Law, Collection

Status: In Good Standing

CONTACT

2147 Tamarack Dr, Okemos, MI 48864

Michael Murray

Criminal, Native People, Civil & Human Rights, Collection

Status: In Good Standing Licensed: 49 Years

CONTACT

1100 W Grand River Ave, Okemos, MI 48864

Michael C. Van Huysse

Litigation, Federal Appellate Practice, Family Law, Collection

Status: In Good Standing

CONTACT

2160 Hamilton Rd, Okemos, MI 48864

Nemer Nasser Baki

Labor Law, Administrative Law, Collection, Animal Bite

Status: In Good Standing Licensed: 20 Years

CONTACT

4330 Dell Rd, Lansing, MI 48911

Andrew J. Gerdes

Real Estate, Business, Credit & Debt, Collection

Status: In Good Standing Licensed: 32 Years

CONTACT

416 N Homer St, Lansing, MI 48912

Norman C. Witte

Landlord-Tenant, Litigation, Business, Collection

Status: In Good Standing Licensed: 37 Years

CONTACT

119 E Kalamazoo St, Lansing, MI 48933

Patricia Joan Scott

Foreclosure, Agriculture, Banking & Finance, Collection

Status: In Good Standing Licensed: 15 Years

CONTACT

313 S Washington Square, Lansing, MI 48933

Jean E. Kordenbrock

Criminal, Collection, Administrative Law, Government

Status: In Good Standing Licensed: 27 Years

CONTACT

124 W Allegan St, Lansing, MI 48933

800-923-0641

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LEGAL TERMS

DISCHARGE (OF DEBTS)

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

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.

FCRA

See Fair Credit Reporting Act.

PRESUMED ABUSE

In a Chapter 7 bankruptcy, when the debtor's current monthly income exceeds the family median income for his or her state and he or she cannot pass the means te... (more...)

In a Chapter 7 bankruptcy, when the debtor's current monthly income exceeds the family median income for his or her state and he or she cannot pass the means test, the court will presume that the debtor has sufficient income to fund a Chapter 13 plan. In this situation, the debtor will not be allowed to proceed with a Chapter 7 bankruptcy unless the debtor can prove that he or she is not abusing the Chapter 7 bankruptcy remedy.

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.

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.

TRADE DRESS

The distinctive packaging or design of a product that promotes the product and distinguishes it from other products in the marketplace -- for example, the shape... (more...)

The distinctive packaging or design of a product that promotes the product and distinguishes it from other products in the marketplace -- for example, the shape of Frangelico liqueur bottles. Trade dress can be protected under trademark law if a showing can be made that the average consumer would likely be confused as to product origin if another product were allowed to appear in similar dress.

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.

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.

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Pleasant Lake Collection Lawyer, Michigan

Sponsored Law Firm

Marrs & Terry, PLLC

SPONSORED LAWYERS

Michael Kevin Falahee

Kyle Matthew Williams

Bruce A. Timmons

Michael Murray

Michael C. Van Huysse

Nemer Nasser Baki

Andrew J. Gerdes

Norman C. Witte

Patricia Joan Scott

Jean E. Kordenbrock

TIPS

LEGAL TERMS

DISCHARGE (OF DEBTS)

401(K) PLAN

FCRA

PRESUMED ABUSE

S CORPORATION

LIMITED LIABILITY

TRADE DRESS

CHAPTER 13 PLAN

PRIORITY DEBT

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