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

Michael Robert Wolin

Employment, Felony, Bankruptcy, Defamation & Slander

Status: In Good Standing

CONTACT

407 North Main Street, 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

Paul D. Reingold

Criminal, Civil Rights, Collection, Consumer Bankruptcy

Status: In Good Standing Licensed: 47 Years

CONTACT

801 Monroe St, Ann Arbor, MI 48109

Michael Neil Barnett

Real Estate, Electronic Commerce, Insurance, Commercial Bankruptcy

Status: In Good Standing Licensed: 34 Years

CONTACT

542 N Main St, Ann Arbor, MI 48104

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

Kevin Richard Flynn

Real Estate, Corporate, Banking & Finance, Commercial Bankruptcy

Status: In Good Standing

CONTACT

1435 Cambridge Rd, Ann Arbor, MI 48104

Thomas Michael Wright

General Practice

Status: Inactive Licensed: 35 Years

CONTACT

1215 W Washington, Ann Arbor, MI 48103

Harry Delmar Huff

Electronic Commerce, Government, Corporate, Commercial Bankruptcy

Status: In Good Standing Licensed: 21 Years

CONTACT

921 Miner St, Ann Arbor, MI 48103

Michael A. Mason

Business, Bankruptcy

Status: Inactive Licensed: 52 Years

CONTACT

650 Ridgewood Ct, Ann Arbor, MI 48103

800-923-0641

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LEGAL TERMS

FAIR LABOR STANDARDS ACT (FLSA)

A federal law that guarantees a worker's right to be paid fairly. The FLSA defines the 40-hour workweek, sets out the federal minimum wage, states requirements ... (more...)

A federal law that guarantees a worker's right to be paid fairly. The FLSA defines the 40-hour workweek, sets out the federal minimum wage, states requirements for overtime and places restrictions on child labor.

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.

UNSECURED DEBT

A debt that is not tied to any item of property. A creditor doesn't have the right to grab property to satisfy the debt if you default. The creditor's only reme... (more...)

A debt that is not tied to any item of property. A creditor doesn't have the right to grab property to satisfy the debt if you default. The creditor's only remedy is to sue you and get a judgment. Compare secured debt.

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.

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.

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.

CONSUMER CREDIT COUNSELING SERVICE (CCCS)

A national non-profit agency that, at no cost, helps debtors plan budgets and repay their debts. One major criticism of CCCS is that each office is primarily fu... (more...)

A national non-profit agency that, at no cost, helps debtors plan budgets and repay their debts. One major criticism of CCCS is that each office is primarily funded by voluntary donations from the creditors that receive payments from debtors repaying their debts through that office. Despite this criticism, most CCCS counselors provide clients with thorough and neutral advice.

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.

LIABILITY

(1) The state of being liable--that is, legally responsible for an act or omission. Example:Peri hires Paul to fix a broken pipe in her bathroom, but the new pi... (more...)

(1) The state of being liable--that is, legally responsible for an act or omission. Example:Peri hires Paul to fix a broken pipe in her bathroom, but the new pipe bursts the day after Paul installs it, ruining the bathroom floor. This raises the issue of liability: Who is responsible for the damage? Peri claims that Paul is responsible, and sues him for the cost of hiring another plumber to fix the pipe and replacing the floor. Paul, in turn, claims that the pipe manufacturer is responsible, because they supplied him with faulty materials. Both Peri and Paul must prove their claims in court; if Paul and/or the manufacturer is found liable, one or both will have to pay damages to Peri. (2) Something for which a person is liable. For example, a debt is often called a liability.

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Ann Arbor Bankruptcy Lawyer, Michigan, page 3

Sponsored Law Firm

Marrs & Terry, PLLC

SPONSORED LAWYERS

Michael Robert Wolin

David A. Santacroce

Paul D. Reingold

Michael Neil Barnett

Rebekah Page-Gourley

Pamela Kay Blevins-Behjatnia

Kevin Richard Flynn

Thomas Michael Wright

Harry Delmar Huff

Michael A. Mason

TIPS

LEGAL TERMS

FAIR LABOR STANDARDS ACT (FLSA)

401(K) PLAN

UNSECURED DEBT

IRS EXPENSES

INTEREST

SECURED DEBT

CONSUMER CREDIT COUNSELING SERVICE (CCCS)

LIMITED PARTNERSHIP

LIABILITY

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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