Tuscola County, MI Reorganization Lawyers

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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.
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Rachel M. Pelto

Medicare & Medicaid, Estate Planning, Estate, Elder Law

Status: In Good Standing Licensed: 11 Years

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4415 Seeger St, Cass City, MI 48726

James R. Abbey

Bankruptcy & Debt

Status: In Good Standing Licensed: 39 Years

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121 W Grant St, Caro, MI 48723

Pamela E. Stefan

Divorce, Elder Law, Contract, Collection

Status: In Good Standing Licensed: 34 Years

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115 N Main St, Vassar, MI 48768

Michael Elwin Larkin

Mass Torts, Personal Injury, Car Accident

Status: In Good Standing Licensed: 42 Years

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527 S State St, Caro, MI 48723

Walter R. Warren

Foreclosure, Social Security, Elder Law, Credit & Debt

Status: In Good Standing Licensed: 53 Years

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119 South State, Caro, MI 48723

Renee J. Wood

Estate Planning, Estate, Elder Law, Civil & Human Rights

Status: In Good Standing Licensed: 31 Years

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96 Rodd Dr, Caro, MI 48723

John Bishop

Real Estate, Trusts, Estate, Elder Law

Status: In Good Standing Licensed: 41 Years

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125 W Lincoln St, Caro, MI 48723

Phoebe Jacob Moore

Juvenile Law, Landlord-Tenant, Family Law, Business

Status: In Good Standing Licensed: 28 Years

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243 N State St, Caro, MI 48723

Michelle P. Biddinger

Real Estate, Estate Planning, Employee Rights, Elder Law

Status: In Good Standing Licensed: 38 Years

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4415 Seeger St, Cass City, MI 48726

Duane E. Burgess

Family Law, Criminal, Children's Rights, Personal Injury

Status: In Good Standing Licensed: 45 Years

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121 W Grant St, Caro, MI 48723

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LEGAL TERMS

CREDITOR

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

IRS EXPENSES

A table of national and regional expense estimates published by the IRS. Debtors whose current monthly income is more than their state's median family income mu... (more...)

A table of national and regional expense estimates published by the IRS. Debtors whose current monthly income is more than their state's median family income must use the IRS expenses to calculate their average net income in a Chapter 7 case, or their disposable income in a Chapter 13 case.

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.

FRAUDULENT TRANSFER

In a bankruptcy case, a transfer of property to another for less than the property's value for the purpose of hiding the property from the bankruptcy trustee --... (more...)

In a bankruptcy case, a transfer of property to another for less than the property's value for the purpose of hiding the property from the bankruptcy trustee -- for instance, when a debtor signs a car over to a relative to keep it out of the bankruptcy estate. Fraudulently transferred property can be recovered and sold by the trustee for the benefit of the creditors.

TOXIC TORT

A personal injury caused by exposure to a toxic substance, such as asbestos or hazardous waste. Victims can sue for medical expenses, lost wages and pain and su... (more...)

A personal injury caused by exposure to a toxic substance, such as asbestos or hazardous waste. Victims can sue for medical expenses, lost wages and pain and suffering.

GUARANTOR

A person who makes a legally binding promise to either pay another person's debt or perform another person's duty if that person defaults or fails to perform. T... (more...)

A person who makes a legally binding promise to either pay another person's debt or perform another person's duty if that person defaults or fails to perform. The guarantor gives a 'guaranty,' which is an assurance that the debt or other obligation will be fulfilled.

FDCPA

See Fair Debt Collections & Practices Act.

NUISANCE FEES

Money charged by some credit card companies to increase their profits when you fail to use the card the way the creditor wants. Examples include late payment fe... (more...)

Money charged by some credit card companies to increase their profits when you fail to use the card the way the creditor wants. Examples include late payment fees, inactivity fees and fees for not carrying a balance from month to month. It's best to shop around and get rid of cards that have these fees attached.

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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Tuscola County, MI Reorganization Lawyers

Sponsored Law Firm

Marrs & Terry, PLLC

SPONSORED LAWYERS

Rachel M. Pelto

James R. Abbey

Pamela E. Stefan

Michael Elwin Larkin

Walter R. Warren

Renee J. Wood

John Bishop

Phoebe Jacob Moore

Michelle P. Biddinger

Duane E. Burgess

TIPS

LEGAL TERMS

CREDITOR

IRS EXPENSES

BULK SALES LAW

FRAUDULENT TRANSFER

TOXIC TORT

GUARANTOR

FDCPA

NUISANCE FEES

S CORPORATION

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