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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

Bryan Reeder

Trusts, Family Law, Administrative Law, Bankruptcy

Status: In Good Standing

CONTACT

124 Fulton St E, Grand Rapids, MI 49503

Karen M. Tjapkes

Other, Federal Appellate Practice, Consumer Rights, Consumer Bankruptcy

Status: In Good Standing Licensed: 24 Years

CONTACT

25 Division Ave South, Grand Rapids, MI 49503

Thomas V. Hubbard

Litigation, Immigration, Business, Consumer Bankruptcy

Status: In Good Standing

CONTACT

80 Ottawa Ave Nw, Grand Rapids, MI 49503

John E. Anding

Litigation, Lawsuit & Dispute, Federal, Business, Consumer Bankruptcy

Status: In Good Standing

CONTACT

80 Ottawa Avenue, Nw, Grand Rapids, MI 49503

Amanda Pilar Narvaes

Lawsuit & Dispute, Divorce, Business, Consumer Bankruptcy

Status: In Good Standing

CONTACT

80 Ottawa Ave Nw, Grand Rapids, MI 49503

Matthew Thomas Berry

Workers' Compensation, Contract, Bankruptcy, Defamation & Slander

Status: In Good Standing Licensed: 9 Years

CONTACT

146 Monroe Center St Nw, Grand Rapids, MI 49503

Todd Almassian

Foreclosure, International Tax, Bankruptcy, Bankruptcy & Debt

Status: In Good Standing

CONTACT

230 East Fulton Street, Grand Rapids, MI 49503

John Patrick Smith

Consumer Rights, Consumer Bankruptcy

Status: In Good Standing Licensed: 17 Years

CONTACT

25 Division Ave South, Grand Rapids, MI 49503

Randall J. Groendyk

Real Estate, Litigation, Business, Consumer Bankruptcy

Status: In Good Standing Licensed: 40 Years

CONTACT

Grand Rapids, MI 49501

Michael David Almassian

Litigation, Corporate, Credit & Debt, Bankruptcy

Status: In Good Standing Licensed: 23 Years

CONTACT

230 E Fulton Street, Grand Rapids, MI 49503

800-923-0641

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LEGAL TERMS

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.

FAIR DEBT COLLECTIONS & PRACTICES ACT (FDCPA)

A federal law that outlaws unfair debt collection practices, including lying, harassing, misleading and otherwise abusing debtors, by debt collectors working fo... (more...)

A federal law that outlaws unfair debt collection practices, including lying, harassing, misleading and otherwise abusing debtors, by debt collectors working for collection agencies. The law does not apply to creditors collecting their own debts. This law has greatly improved conditions for debtors, although more than a few debt collectors ignore the law. If a collection agency violates the law, debtors can contact the Federal Trade Commission for help.

LIQUIDATING PARTNER

The member of an insolvent or dissolving partnership responsible for paying the debts and settling the accounts of the partnership.

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.

DEBT COLLECTOR

A person who works in the in-house collections department of an original creditor or a collection agency to track down debtors and get them to pay what they owe... (more...)

A person who works in the in-house collections department of an original creditor or a collection agency to track down debtors and get them to pay what they owe. Debt collectors can be relentless, often using scare tactics, humiliation and repeated phone calls to extract payments or promises to pay.

ABUSE

Misuse of the Chapter 7 bankruptcy remedy. This term is typically applied to Chapter 7 bankruptcy filings that should have been filed under Chapter 13, because ... (more...)

Misuse of the Chapter 7 bankruptcy remedy. This term is typically applied to Chapter 7 bankruptcy filings that should have been filed under Chapter 13, because the debtor appears to have enough disposable income to fund a Chapter 13 repayment plan.

CREDIT FILE

See credit report.

DISPOSABLE INCOME

The difference between a debtor's current monthly income and allowable expenses. This is the amount that the new bankruptcy law deems available to pay into a Ch... (more...)

The difference between a debtor's current monthly income and allowable expenses. This is the amount that the new bankruptcy law deems available to pay into a Chapter 13 plan.

DOING BUSINESS AS (DBA)

A situation in which a business owner operates a company under a name different from his or her real name. The owner must file a 'fictitious name statement' or ... (more...)

A situation in which a business owner operates a company under a name different from his or her real name. The owner must file a 'fictitious name statement' or similar document with the appropriate agency -- for example, the county clerk. This enables consumers to discover the names of the business owners, which is important if a consumer needs to sue the business.

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Burnips Bankruptcy Lawyer, Michigan, page 3

Sponsored Law Firm

Marrs & Terry, PLLC

SPONSORED LAWYERS

Bryan Reeder

Karen M. Tjapkes

Thomas V. Hubbard

John E. Anding

Amanda Pilar Narvaes

Matthew Thomas Berry

Todd Almassian

John Patrick Smith

Randall J. Groendyk

Michael David Almassian

TIPS

LEGAL TERMS

CHAPTER 7 BANKRUPTCY

FAIR DEBT COLLECTIONS & PRACTICES ACT (FDCPA)

LIQUIDATING PARTNER

S CORPORATION

DEBT COLLECTOR

ABUSE

CREDIT FILE

DISPOSABLE INCOME

DOING BUSINESS AS (DBA)

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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