Dearborn Heights Reorganization 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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Miriam S. Imerman

Estate Planning, Estate, Non-profit, Reorganization

Status: In Good Standing Licensed: 39 Years

CONTACT

7800 W Outer Dr, Detroit, MI 48235

Linda D. Bernard

Government Contract, Family Medical Leave Act (FMLA), Contract, Reorganization

Status: In Good Standing Licensed: 51 Years

CONTACT

17144 Wildemere Dr, Detroit, MI 48221

Jayesh J. Patel

Business, Reorganization

Status: In Good Standing Licensed: 22 Years

CONTACT

440 Burroughs St, Detroit, MI 48202

James J. Parks

Government Contract, Employee Rights, Elder Law, Reorganization

Status: In Good Standing Licensed: 43 Years

CONTACT

27777 Franklin Rd, Southfield, MI 48034

Tonya Myers Phillips

Criminal, Reorganization, Labor Law, Government

Status: In Good Standing Licensed: 20 Years

CONTACT

4605 Cass Ave, Detroit, MI 48201

Hilary Braley

Landlord-Tenant, Elder Law, Non-profit, Reorganization

Status: In Good Standing

CONTACT

2727 2Nd Ave, Detroit, MI 48201

Mohammed M. Alomari

Employee Rights, Civil Rights, Administrative Law, Reorganization

Status: In Good Standing

CONTACT

24901 Northwestern Hwy, Southfield, MI 48075

Hadi A. Harp

Employee Rights, Contract, Reorganization, Defamation & Slander

Status: In Good Standing Licensed: 12 Years

CONTACT

1001 Woodward Ave, Detroit, MI 48226

Helal A. Farhat

General Practice

Status: In Good Standing Licensed: 22 Years

CONTACT

2 Woodward Ave, Detroit, MI 48226

Evangeline Nketia

Reorganization, Estate Planning, Business

Status: In Good Standing

CONTACT

1901 Saint Antoine Street, Detroit, MI 48226

800-923-0641

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LEGAL TERMS

WORKOUT

A debtor's plan to take care of a debt, by paying it off or through loan forgiveness. Workouts are often created to avoid bankruptcy or foreclosure proceedings.

TRUTH IN LENDING ACT (TILA)

A federal law that requires credit and charge card companies to disclose interest rates and other information about an account. It also requires lenders to disc... (more...)

A federal law that requires credit and charge card companies to disclose interest rates and other information about an account. It also requires lenders to disclose the terms of a loan, including the total amount of the loan, the annual interest rate and the number, amount and due dates of all payments necessary to repay the loan. The TILA requires additional disclosures and places many restrictions on mortgages.

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.

FAIR CREDIT REPORTING ACT (FCRA)

A federal law that is designed to prevent inaccurate or obsolete information from entering or remaining in a credit report. The law requires credit bureaus to a... (more...)

A federal law that is designed to prevent inaccurate or obsolete information from entering or remaining in a credit report. The law requires credit bureaus to adopt reasonable procedures for gathering, maintaining and disseminating information and bars credit bureaus from reporting negative information that is older than seven years, except a bankruptcy, which may be reported for ten. If you notify a credit bureau of an error in your credit report, the FCRA requires the bureau to investigate your allegations within 30 days, review all information you provide, remove inaccurate and unverified information and adopt procedures to keep the information from reappearing. In addition, the law requires that creditors refrain from reporting incorrect information to credit bureaus.

MEANS TEST

A formula that uses predefined income and expense categories to determine whether a debtor whose current monthly income is higher than the median family income ... (more...)

A formula that uses predefined income and expense categories to determine whether a debtor whose current monthly income is higher than the median family income for his or her state should be allowed to file for Chapter 7 bankruptcy.

TRADE DRESS

The distinctive packaging or design of a product that promotes the product and distinguishes it from other products in the marketplace -- for example, the shape... (more...)

The distinctive packaging or design of a product that promotes the product and distinguishes it from other products in the marketplace -- for example, the shape of Frangelico liqueur bottles. Trade dress can be protected under trademark law if a showing can be made that the average consumer would likely be confused as to product origin if another product were allowed to appear in similar dress.

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.

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.

DEFINED CONTRIBUTION PLAN

A type of pension plan that does not guarantee any particular pension amount upon retirement. Instead, the employer pays into the pension fund a certain amount ... (more...)

A type of pension plan that does not guarantee any particular pension amount upon retirement. Instead, the employer pays into the pension fund a certain amount every month, or every year, for each employee. The employer usually pays a fixed percentage of an employee's wages or salary, although sometimes the amount is a fraction of the company's profits, with the size of each employee's pension share depending on the amount of wage or salary. Upon retirement, each employee's pension is determined by how much was contributed to the fund on behalf of that employee over the years, plus whatever earnings that money has accumulated as part of the investments of the entire pension fund.

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Dearborn Heights Reorganization Lawyer, Michigan

Sponsored Law Firm

Marrs & Terry, PLLC

SPONSORED LAWYERS

Miriam S. Imerman

Linda D. Bernard

Jayesh J. Patel

James J. Parks

Tonya Myers Phillips

Hilary Braley

Mohammed M. Alomari

Hadi A. Harp

Helal A. Farhat

Evangeline Nketia

TIPS

LEGAL TERMS

WORKOUT

TRUTH IN LENDING ACT (TILA)

DOING BUSINESS AS (DBA)

FAIR CREDIT REPORTING ACT (FCRA)

MEANS TEST

TRADE DRESS

S CORPORATION

LIABILITY

DEFINED CONTRIBUTION PLAN

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