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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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Karen L. Lemke

Traffic, Medical Products & Devices, Family Law, Credit & Debt

Status: In Good Standing Licensed: 41 Years

CONTACT

Fraser, MI 48026

Daniel S. Palmer

Lawsuit & Dispute, Criminal, Consumer Rights, Collection

Status: In Good Standing Licensed: 35 Years

CONTACT

30500 Van Dyke Avenue, Warren, MI 48093

Donald R. Cook

Divorce & Family Law, Criminal, Civil Rights, Collection

Status: In Good Standing Licensed: 45 Years

CONTACT

3200 E 12 Mile Rd, Warren, MI 48092

Sophie Modelski

Bankruptcy & Debt

Status: In Good Standing Licensed: 43 Years

CONTACT

11843 E 13 Mile Rd, Warren, MI 48093

Andrea Sue Brenner Anantharam

Elder Law, Employee Rights, Estate Planning, Consumer Bankruptcy

Status: In Good Standing Licensed: 13 Years

CONTACT

28000 Dequindre Rd, Warren, MI 48092

Jill Renee Mcgrail

Real Estate, Estate, Corporate, Commercial Bankruptcy

Status: In Good Standing Licensed: 20 Years

CONTACT

30680 Montpelier Dr, Madison Heights, MI 48071

Mark J. Fugolo

Estate, Divorce & Family Law, Criminal, Bankruptcy & Debt

Status: In Good Standing Licensed: 49 Years

CONTACT

16102 E 9 Mile Rd, Eastpointe, MI 48021

Rachel Kelly Wolfe

Federal Appellate Practice, Family Law, Criminal, Collection

Status: In Good Standing Licensed: 10 Years

CONTACT

23200 John R Road, Hazel Park, MI 48030

Robert W Bishop

Bankruptcy, Bankruptcy & Debt

Status: In Good Standing Licensed: 21 Years

CONTACT

23801 Gratiot Ave, Eastpointe, MI 48021

Ian Kierpaul

Federal Appellate Practice, Criminal, Collection

Status: In Good Standing Licensed: 16 Years

CONTACT

23801 Gratiot Ave, Eastpointe, MI 48021

800-923-0641

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LEGAL TERMS

CHAPTER 13 BANKRUPTCY

The reorganization bankruptcy for consumers, in which you partially or fully repay your debts. In Chapter 13 bankruptcy, you keep your property and use your inc... (more...)

The reorganization bankruptcy for consumers, in which you partially or fully repay your debts. In Chapter 13 bankruptcy, you keep your property and use your income to pay all or a portion of the debts over three to five years. The minimum amount you must pay is roughly equal to the value of your nonexempt property. In addition, you must pledge your disposable net income -- after subtracting reasonable expenses -- for the period during which you are making payments. At the end of the three-to five-year period, the balance of what you owe on most debts is erased.

FDCPA

See Fair Debt Collections & Practices Act.

NONPROFIT CORPORATION

A legal structure authorized by state law allowing people to come together to either benefit members of an organization (a club, or mutual benefit society) or f... (more...)

A legal structure authorized by state law allowing people to come together to either benefit members of an organization (a club, or mutual benefit society) or for some public purpose (such as a hospital, environmental organization or literary society). Nonprofit corporations, despite the name, can make a profit, but the business cannot be designed primarily for profit-making purposes, and the profits must be used for the benefit of the organization or purpose the corporation was created to help. When a nonprofit corporation dissolves, any remaining assets must be distributed to another nonprofit, not to board members. As with for-profit corporations, directors of nonprofit corporations are normally shielded from personal liability for the organization's debts. Some nonprofit corporations qualify for a federal tax exemption under _ 501(c)(3) of the Internal Revenue Code, with the result that contributions to the nonprofit are tax deductible by their donors.

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.

CREDIT COUNSELING

Counseling that explores the possibility of repaying debts outside of bankruptcy and educates the debtor about credit, budgeting, and financial management. Unde... (more...)

Counseling that explores the possibility of repaying debts outside of bankruptcy and educates the debtor about credit, budgeting, and financial management. Under the new bankruptcy law, a debtor must undergo credit counseling with an approved provider before filing for bankruptcy.

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.

GARNISHMENT

A court-ordered process that takes property from a person to satisfy a debt. For example, a person who owes money to a creditor may have her wages garnished if ... (more...)

A court-ordered process that takes property from a person to satisfy a debt. For example, a person who owes money to a creditor may have her wages garnished if she loses a lawsuit filed by the creditor. Up to 25% of a person's wages can be deducted.

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.

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Detroit Arsenal Bankruptcy & Debt Lawyer, Michigan, page 5

Sponsored Law Firm

Marrs & Terry, PLLC

SPONSORED LAWYERS

Karen L. Lemke

Daniel S. Palmer

Donald R. Cook

Sophie Modelski

Andrea Sue Brenner Anantharam

Jill Renee Mcgrail

Mark J. Fugolo

Rachel Kelly Wolfe

Robert W Bishop

Ian Kierpaul

TIPS

LEGAL TERMS

CHAPTER 13 BANKRUPTCY

FDCPA

NONPROFIT CORPORATION

DEFINED CONTRIBUTION PLAN

CREDIT COUNSELING

FAIR LABOR STANDARDS ACT (FLSA)

401(K) PLAN

GARNISHMENT

MEANS TEST

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