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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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Alan D. Walton

Family Law, Bankruptcy & Debt

Status: In Good Standing Licensed: 44 Years

CONTACT

8070 Main St, Birch Run, MI 48415

Korina Nicastro

Family Law, Divorce & Family Law, Securities, Credit & Debt

Status: In Good Standing Licensed: 12 Years

CONTACT

580 N Main St, Frankenmuth, MI 48734

Alfred T. Frank

Litigation, Criminal, Business, Consumer Bankruptcy

Status: In Good Standing Licensed: 32 Years

CONTACT

111 S Michigan Ave, Saginaw, MI 48602

Andrew Jay Tierman

Public Schools, Consumer Rights, Elder Law, Consumer Bankruptcy

Status: In Good Standing Licensed: 51 Years

CONTACT

5581 Tamarix Ln, Saginaw, MI 48603

M. T. Thompson

Labor Law, Collection, Criminal, Other

Status: In Good Standing Licensed: 47 Years

CONTACT

705 Wilson Ave, Saginaw, MI 48638

Robert Shelton

Bankruptcy

Status: In Good Standing Licensed: 8 Years

CONTACT

1109 Court St, Saginaw, MI 48602

Matthew E. Gronda

Bankruptcy, Foreclosure, Traffic, Business

Status: In Good Standing

CONTACT

820 North Michigan Avenue, Saginaw, MI 48602

Peter S. Shek

Real Estate, Business, Bankruptcy & Debt, Accident & Injury

Status: In Good Standing Licensed: 43 Years

CONTACT

803 N Michigan Ave, Saginaw, MI 48602

Millicent E. Shek

Estate, Divorce, Bankruptcy & Debt, Accident & Injury

Status: In Good Standing Licensed: 10 Years

CONTACT

803 N Michigan Ave, Saginaw, MI 48602

Scott A. Schisler

Government, Business, Collection, Personal Injury

Status: In Good Standing Licensed: 31 Years

CONTACT

999 S Washington Ave, Saginaw, MI 48601

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.

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.

FCRA

See Fair Credit Reporting Act.

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.

LIEN

The right of a secured creditor to grab a specific item of property if you don't pay a debt. Liens you agree to are called security interests, and include mortg... (more...)

The right of a secured creditor to grab a specific item of property if you don't pay a debt. Liens you agree to are called security interests, and include mortgages, home equity loans, car loans and personal loans for which you pledge property to guarantee repayment. Liens created without your consent are called nonconsensual liens, and include judgment liens (liens filed by a creditor who has sued you and obtained a judgment), tax liens and mechanics liens (liens filed by a contractor who worked on your house but wasn't paid).

UNDUE HARDSHIP

The circumstances in which a debtor may discharge a student loan in bankruptcy. For example, a debtor who has no income and little chance of earning enough in t... (more...)

The circumstances in which a debtor may discharge a student loan in bankruptcy. For example, a debtor who has no income and little chance of earning enough in the future to pay off the loan may be able to show that repayment would be an undue hardship.

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.

FRATERNAL BENEFIT SOCIETY BENEFITS

These are benefits, often group life insurance, paid for by fraternal societies to their members. Elks, Masons or Knights of Columbus are common fraternal socie... (more...)

These are benefits, often group life insurance, paid for by fraternal societies to their members. Elks, Masons or Knights of Columbus are common fraternal societies that provide benefits. Also called benefit society, benevolent society or mutual aid association benefits. Under bankruptcy laws, these benefits are virtually always considered exempt property.

REDEMPTION

In Chapter 7 bankruptcy, when the debtor obtains legal title to collateral for a debt by paying the creditor the replacement value of the collateral in a lump s... (more...)

In Chapter 7 bankruptcy, when the debtor obtains legal title to collateral for a debt by paying the creditor the replacement value of the collateral in a lump sum. For example, a debtor may redeem a car note by paying the lender the amount a retail vendor would charge for the car, considering its age and condition.

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Bridgeport Bankruptcy & Debt Lawyer, Michigan

Sponsored Law Firm

Marrs & Terry, PLLC

SPONSORED LAWYERS

Alan D. Walton

Korina Nicastro

Alfred T. Frank

Andrew Jay Tierman

M. T. Thompson

Robert Shelton

Matthew E. Gronda

Peter S. Shek

Millicent E. Shek

Scott A. Schisler

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LEGAL TERMS

FAIR LABOR STANDARDS ACT (FLSA)

IRS EXPENSES

FCRA

LIMITED PARTNERSHIP

LIEN

UNDUE HARDSHIP

SECURED DEBT

FRATERNAL BENEFIT SOCIETY BENEFITS

REDEMPTION

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