Ypsilanti Bankruptcy Lawyer, Michigan

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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

Donald C. Wilson

Real Estate, Litigation, Administrative Law, Bankruptcy

Status: In Good Standing

CONTACT

700 Towner Street, Ypsilanti, MI 48198

Thomas Paluchniak

Collection, Consumer Bankruptcy, Commercial Bankruptcy, Bankruptcy

Status: In Good Standing

CONTACT

712 Stanley St, Ypsilanti, MI 48198

Robert Keyes

Bankruptcy & Debt, Credit & Debt, Bankruptcy, Criminal, Traffic

Status: In Good Standing Licensed: 19 Years

FREE CONSULTATION

CONTACT

300 N Huron St, Ypsilanti, MI 48197

J. Gregory Frye

Social Security -- Disability, Mental Health, Government Agencies, Bankruptcy

Status: In Good Standing Licensed: 25 Years

CONTACT

700 Towner St, Ypsilanti, MI 48198

William C. Babut

Lawsuit & Dispute, Social Security -- Disability, Social Security, Bankruptcy

Status: In Good Standing Licensed: 36 Years

CONTACT

700 Towner St, Ypsilanti, MI 48198

Gregory L. Dodd

Divorce & Family Law, White Collar Crime, Collection, Bankruptcy

Status: In Good Standing Licensed: 34 Years

CONTACT

300 N Huron St, Ypsilanti, MI 48197

Jonathan G. Weber

Real Estate, Consumer Rights, Consumer Bankruptcy

Status: In Good Standing Licensed: 38 Years

CONTACT

606 E Cross St, Ypsilanti, MI 48198

Carl F. Schier

Construction, Real Estate, Dispute Resolution, Consumer Bankruptcy

Status: In Good Standing Licensed: 60 Years

CONTACT

Ypsilanti, MI 48198

Gary M. Victor

Other, Immigration, Medicare & Medicaid, Divorce, Consumer Bankruptcy

Status: In Good Standing Licensed: 54 Years

CONTACT

4928 Cole Blvd, Ypsilanti, MI 48197

800-923-0641

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LEGAL TERMS

CREDIT FILE

See credit report.

FCRA

See Fair Credit Reporting Act.

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.

INTEREST

A commission you pay a bank or other creditor for lending you money or extending you credit. An interest rate represents the annual percentage that is added to ... (more...)

A commission you pay a bank or other creditor for lending you money or extending you credit. An interest rate represents the annual percentage that is added to your balance. This means that if your loan or credit line has an interest rate of 8%, the holder adds 8% to the balance each year. More specifically, interest is calculated and added to your loan or credit line through a process called compounding. If interest is compounded daily, the balance will rise by 1/365th of 8% each day. If interest is compounded monthly, the balance will rise 1/12th of 8% at the start of each month.

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.

COLLECTION AGENCY

A company hired by a creditor to collect a debt that it is owed. Creditors typically hire a collection agency only after they have made efforts to collect the d... (more...)

A company hired by a creditor to collect a debt that it is owed. Creditors typically hire a collection agency only after they have made efforts to collect the debt themselves, typically through letters (called 'dunning' letters) and telephone calls. Collection agencies are regulated by the federal Fair Debt Collection Practices Act. Unfortunately, too many collectors ignore this law.

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.

LIMITED PARTNERSHIP

A business structure that allows one or more partners (called limited partners) to enjoy limited personal liability for partnership debts while another partner ... (more...)

A business structure that allows one or more partners (called limited partners) to enjoy limited personal liability for partnership debts while another partner or partners (called general partners) have unlimited personal liability. The key difference between a general and limited partner concerns management decision making--general partners run the business, and limited partners, who are usually passive investors, are not allowed to make day-to-day business decisions. If they do, they risk being treated as general partners with unlimited personal liability.

DISCHARGEABLE DEBTS

Debts that can be erased by going through bankruptcy. Most debts incurred prior to declaring bankruptcy are dischargeable, including back rent, credit card bill... (more...)

Debts that can be erased by going through bankruptcy. Most debts incurred prior to declaring bankruptcy are dischargeable, including back rent, credit card bills and medical bills. Compare nondischargeable debts.

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Ypsilanti Bankruptcy Lawyer, Michigan

Sponsored Law Firm

Marrs & Terry, PLLC

SPONSORED LAWYERS

Donald C. Wilson

Thomas Paluchniak

Robert Keyes

J. Gregory Frye

William C. Babut

Gregory L. Dodd

Jonathan G. Weber

Carl F. Schier

Gary M. Victor

TIPS

LEGAL TERMS

CREDIT FILE

FCRA

CHAPTER 13 PLAN

INTEREST

401(K) PLAN

COLLECTION AGENCY

SOLE PROPRIETORSHIP

LIMITED PARTNERSHIP

DISCHARGEABLE 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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