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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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Melissa D. Francis

Bankruptcy & Debt, Condominiums, Residential Real Estate, Real Estate

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FREE CONSULTATION

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6553 Jackson Road, Ann Arbor, MI 48103

Thomas R. Morris

Landlord-Tenant, International, Electronic Commerce, Banking & Finance, Collection

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3258 Broad St, Dexter, MI 48130

Stephen James Chuparkoff

Bankruptcy & Debt, Commercial Bankruptcy, Bankruptcy Litigation, Personal Injury

Status: Licensed: 38 Years

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3258 Broad St, Dexter, MI 48130

Robert Thomas Castor

Litigation, Corporate, Banking & Finance, Credit & Debt

Status: Licensed: 18 Years

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6248 Huron Creek Ct, Dexter, MI 48130

Patricia Ann Klavon

Other, Criminal, Administrative Law, Bankruptcy

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6248 Huron Creek Ct, Dexter, MI 48130

Stephen Zamansky

Corporate, Business, Bankruptcy & Debt

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5299 Vaughn Rd, Dexter, MI 48130

David L. Kasper

Lawsuit & Dispute, Consumer Rights, Business, Bankruptcy & Debt

Status: Licensed: 31 Years

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1136 Baker Rd, Dexter, MI 48130

Tyson F. Howard

Government, Bankruptcy & Debt

Status: Licensed: 22 Years

CONTACT

8212 Bayberry Ct, Dexter, MI 48130

Stephen John Galgan

Labor Law, Elder Law, Contract, Credit & Debt

Status: Licensed: 13 Years

CONTACT

335 Steinbach Rd, Chelsea, MI 48118

Tricia Stewart Terry

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

Status: Licensed: 26 Years

FREE CONSULTATION

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6553 Jackson Road, Ann Arbor, MI 48103

800-923-0641

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LEGAL TERMS

ADMINISTRATIVE EXPENSES

The trustee's fee, the debtor's attorney fees, and other costs of bringing a bankruptcy case that a debtor must pay in full in a Chapter 13 repayment plan. Admi... (more...)

The trustee's fee, the debtor's attorney fees, and other costs of bringing a bankruptcy case that a debtor must pay in full in a Chapter 13 repayment plan. Administrative costs are typically 10% of the debtor's total payments under the plan.

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.

SETOFF

A claim made by someone who allegedly owes money, that the amount should be reduced because the other person owes him money. This is often raised in a countercl... (more...)

A claim made by someone who allegedly owes money, that the amount should be reduced because the other person owes him money. This is often raised in a counterclaim filed by a defendant in a lawsuit. Banks may try to exercise a setoff by taking money out of a deposit account to satisfy past due payments on a loan or credit card bill. Such an act is illegal under most circumstances.

GUARANTOR

A person who makes a legally binding promise to either pay another person's debt or perform another person's duty if that person defaults or fails to perform. T... (more...)

A person who makes a legally binding promise to either pay another person's debt or perform another person's duty if that person defaults or fails to perform. The guarantor gives a 'guaranty,' which is an assurance that the debt or other obligation will be fulfilled.

CREDITOR

A person or entity (such as a bank) to whom a debt is owed.

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.

DISCHARGE (OF DEBTS)

A bankruptcy court's erasure of the debts of a person or business that has filed for bankruptcy.

LIMITED LIABILITY

The maximum amount a business owner can lose if the business is subject to debts, claims or other liabilities. An owner of a limited liability company (LLC) or ... (more...)

The maximum amount a business owner can lose if the business is subject to debts, claims or other liabilities. An owner of a limited liability company (LLC) or a person who invests in a corporation (a shareholder) generally stands to lose only the amount of money invested in the business. This means that if the business folds, creditors cannot seize or sell an owner's home, car, or other personal assets.

Dexter Bankruptcy & Debt Lawyer, Michigan

Sponsored Law Firm

Marrs & Terry, PLLC

SPONSORED LAWYERS

Melissa D. Francis

Thomas R. Morris

Stephen James Chuparkoff

Robert Thomas Castor

Patricia Ann Klavon

Stephen Zamansky

David L. Kasper

Tyson F. Howard

Stephen John Galgan

Tricia Stewart Terry

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LEGAL TERMS

ADMINISTRATIVE EXPENSES

NONPROFIT CORPORATION

SETOFF

GUARANTOR

CREDITOR

LIABILITY

DISCHARGE (OF DEBTS)

LIMITED LIABILITY

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