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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

Jeffrey G. Bennett

Farms, DUI-DWI, Criminal, Bankruptcy

Status: In Good Standing

FREE CONSULTATION

CONTACT

214 South Main Street, Ann Arbor, MI 48104

John R. Ceci

Wills & Probate, Estate Planning, Divorce, Bankruptcy

Status: In Good Standing Licensed: 22 Years

FREE CONSULTATION

CONTACT

726 W Grand River Ave, Brighton, MI 48116

Jacalen J. Garris

Divorce & Family Law, Consumer Bankruptcy, Bankruptcy, Wrongful Death, Car Accident

Status: In Good Standing

CONTACT

300 E Washington St, Ann Arbor, MI 48104

William G. Tishkoff

Lawsuit & Dispute, Employment, Bankruptcy, Accident & Injury

Status: In Good Standing

CONTACT

407 North Main Street, Ann Arbor, MI 48104

Michael Robert Wolin

Employment, Felony, Bankruptcy, Defamation & Slander

Status: In Good Standing

CONTACT

407 North Main Street, Ann Arbor, MI 48104

Andrew Banas

State Government, Criminal, Bankruptcy, Bankruptcy & Debt

Status: In Good Standing Licensed: 19 Years

CONTACT

220 E Huron St, Ann Arbor, MI 48104

David A. Santacroce

Litigation, Lawsuit & Dispute, Collection, Consumer Bankruptcy

Status: In Good Standing Licensed: 32 Years

CONTACT

801 Monroe St, Ann Arbor, MI 48109

Lander C. Mcloyd

Wills, Trusts, Estate Planning, Estate, Bankruptcy

Status: In Good Standing

CONTACT

1785 W Stadium Blvd, Ann Arbor, MI 48103

Rebekah Page-Gourley

Litigation, Intellectual Property, Federal Appellate Practice, Consumer Bankruptcy

Status: In Good Standing Licensed: 19 Years

CONTACT

1020 Greene St, Ann Arbor, MI 48109

Pamela Kay Blevins-Behjatnia

Consumer Rights, Elder Law, Consumer Bankruptcy

Status: In Good Standing Licensed: 19 Years

CONTACT

307 W Summit St, Ann Arbor, MI 48103

800-923-0641

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LEGAL TERMS

FDCPA

See Fair Debt Collections & Practices Act.

NO-FAULT INSURANCE

Car insurance laws that require the insurance companies of each person in an accident to pay for medical bills and lost wages of their insured, up to a certain ... (more...)

Car insurance laws that require the insurance companies of each person in an accident to pay for medical bills and lost wages of their insured, up to a certain amount, regardless of who was at fault. The effect of no-fault insurance laws is to eliminate lawsuits in small accidents. The advantage is the prompt payment of medical bills and expenses. The downsides are that the amounts paid by no-fault policies are often not enough to fully cover a person's losses and that no-fault does not compensate for pain and suffering.

CHAPTER 7 BANKRUPTCY

The most familiar type of bankruptcy, in which many or all of your debts are wiped out completely in exchange for giving up your nonexempt property. Chapter 7 b... (more...)

The most familiar type of bankruptcy, in which many or all of your debts are wiped out completely in exchange for giving up your nonexempt property. Chapter 7 bankruptcy takes from three to six months, costs about $200, and commonly requires only one trip to the courthouse.

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.

BANKRUPTCY TRUSTEE

A person appointed by the court to oversee the case of a person or business that has filed for bankruptcy. In a consumer Chapter 7 case, the trustee's role is t... (more...)

A person appointed by the court to oversee the case of a person or business that has filed for bankruptcy. In a consumer Chapter 7 case, the trustee's role is to gather the debtor's nonexempt property, liquidate it and distribute it proportionally to her creditors. In a Chapter 13 case, the trustee's role is to receive the debtor's monthly payments and distribute them proportionally to her creditors.

C CORPORATION

Common business slang to distinguish a corporation whose profits are taxed separate from its owners under subchapter C of the Internal Revenue Code, from an S c... (more...)

Common business slang to distinguish a corporation whose profits are taxed separate from its owners under subchapter C of the Internal Revenue Code, from an S corporation, whose profits are passed through to shareholders and taxed on their personal returns under subchapter S of the Internal Revenue Code.

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.

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.

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.

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Whitmore Lake Bankruptcy Lawyer, Michigan

Sponsored Law Firm

Marrs & Terry, PLLC

SPONSORED LAWYERS

Jeffrey G. Bennett

John R. Ceci

Jacalen J. Garris

William G. Tishkoff

Michael Robert Wolin

Andrew Banas

David A. Santacroce

Lander C. Mcloyd

Rebekah Page-Gourley

Pamela Kay Blevins-Behjatnia

TIPS

LEGAL TERMS

FDCPA

NO-FAULT INSURANCE

CHAPTER 7 BANKRUPTCY

SOLE PROPRIETORSHIP

BANKRUPTCY TRUSTEE

C CORPORATION

FRAUDULENT TRANSFER

S CORPORATION

401(K) PLAN

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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