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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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Mitchell S. Dembo

Estate Planning, Family Law, Reorganization, Collection, Wrongful Death

Status: In Good Standing Licensed: 36 Years

CONTACT

934 Church St, Flint, MI 48502

K. C. Baran

Estate Planning, Criminal, Insurance, Reorganization

Status: In Good Standing

CONTACT

508 W Silver Lake Rd, Fenton, MI 48430

Timothy R. Kalbfleisch

Reorganization

Status: In Good Standing Licensed: 21 Years

CONTACT

5095 Hilltop Estates Dr, Clarkston, MI 48348

Andrew David Linke

Reorganization

Status: In Good Standing Licensed: 9 Years

CONTACT

1920 Howland Blvd, White Lake, MI 48386

Melissa Brooke Winkler

International, Immigration, Non-profit, Reorganization

Status: In Good Standing Licensed: 11 Years

CONTACT

5604 Kirkridge Trl, Rochester, MI 48306

Caroletta L. Sprinkle

Other, Criminal, Contract, Reorganization

Status: In Good Standing Licensed: 30 Years

CONTACT

6689 Orchard Lake Rd, West Bloomfield, MI 48322

Nadeem Noah Harfouch

Trademark, Contract, Licensing, Reorganization

Status: In Good Standing

CONTACT

77 E Long Lake Rd, Bloomfield Hills, MI 48304

Nadeem Noah Harfouch

Trademark, Contract, Licensing, Reorganization, Personal Injury

Status: In Good Standing Licensed: 12 Years

CONTACT

77 E Long Lake Rd, Bloomfield Hills, MI 48304

David M. Rosenberger

Tax, Gift Taxation, Employee Rights, Reorganization

Status: In Good Standing Licensed: 49 Years

CONTACT

33 Bloomfield Hills Pkwy, Bloomfield Hills, MI 48304

Lynn M. Brimer

Tax, Litigation, Reorganization, Commercial Bankruptcy, Bankruptcy & Debt

Status: In Good Standing Licensed: 35 Years

CONTACT

300 E Long Lake Rd, Bloomfield Hills, MI 48304

800-923-0641

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LEGAL TERMS

BANKRUPTCY

A legal proceeding that relieves you of the responsibility of paying your debts or provides you with protection while attempting to repay your debts. There are ... (more...)

A legal proceeding that relieves you of the responsibility of paying your debts or provides you with protection while attempting to repay your debts. There are two types of bankruptcies -- liquidation, in which your debts are wiped out (discharged) and reorganization, in which you provide the court with a plan for how you intend to repay your debts. For both consumers and business, liquidation bankruptcy is called Chapter 7. For consumers, reorganization bankruptcy is called Chapter 13. Reorganization bankruptcy for consumers with an extraordinary amount of debt and for businesses is called Chapter 11. Reorganization bankruptcy for family farmers is called Chapter 12.

AUTOMATIC STAY

An injunction automatically issued by the bankruptcy court when a debtor files for bankruptcy. The automatic stay prohibits most creditor collection activities,... (more...)

An injunction automatically issued by the bankruptcy court when a debtor files for bankruptcy. The automatic stay prohibits most creditor collection activities, such as filing or continuing lawsuits, making written requests for payment, or notifying credit reporting bureaus of an unpaid debt.

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.

GUARANTEED RESERVATION

A hotel or rental car reservation secured by a credit card number. In exchange for your card number, the hotel or rental agency promises to have a room or vehic... (more...)

A hotel or rental car reservation secured by a credit card number. In exchange for your card number, the hotel or rental agency promises to have a room or vehicle for you no matter when you show up. If you have a guaranteed reservation with a hotel, it must provide you with a room, either at that hotel or at another comparable establishment. If you have a guaranteed reservation with a car agency, it must provide you with a vehicle. The downside of a guaranteed reservation is that if you don't show up and haven't cancelled your reservation, you will be billed for one night in the room or one day's use of the vehicle.

CREDITOR

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

SOLE PROPRIETORSHIP

A business owned and managed by one person (or for tax purposes, a husband and wife). For IRS purposes, a sole proprietor and her business are one tax entity, m... (more...)

A business owned and managed by one person (or for tax purposes, a husband and wife). For IRS purposes, a sole proprietor and her business are one tax entity, meaning that business profits are reported and taxed on the owner's personal tax return. Setting up a sole proprietorship is cheap and easy since no legal formation documents need be filed with any governmental agency (although tax registration and other permit and license requirements may still apply). Once you file a fictitious name statement (assuming you don't use your own name) and obtain any required basic tax permits and business licenses, you'll be in business. The main downside of a sole proprietorship is that its owner is personally liable for all business debts.

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.

SECRET WARRANTY PROGRAM

A program under which a car manufacturer will make repairs for free on vehicles with persistent problems, even after the warranty has expired, in order to avoid... (more...)

A program under which a car manufacturer will make repairs for free on vehicles with persistent problems, even after the warranty has expired, in order to avoid a recall and the accompanying bad press. Secret warranties are rarely advertised by the manufacturer, so consumers must pursue the manufacturer to discover and take advantage of them. A few states require manufacturers to notify car buyers when they adopt secret warranty programs.

PRIORITY DEBT

A type of debt that is paid first if there are distributions made from the bankruptcy estate in a Chapter 7 bankruptcy, and must be paid in full in a Chapter 13... (more...)

A type of debt that is paid first if there are distributions made from the bankruptcy estate in a Chapter 7 bankruptcy, and must be paid in full in a Chapter 13 bankruptcy. Priority debts include alimony and child support, fees owed to the trustee and the attorney in the bankruptcy case, and wages owed to employees.

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Flint Reorganization Lawyer, Michigan

Sponsored Law Firm

Marrs & Terry, PLLC

SPONSORED LAWYERS

Mitchell S. Dembo

K. C. Baran

Timothy R. Kalbfleisch

Andrew David Linke

Melissa Brooke Winkler

Caroletta L. Sprinkle

Nadeem Noah Harfouch

Nadeem Noah Harfouch

David M. Rosenberger

Lynn M. Brimer

TIPS

LEGAL TERMS

BANKRUPTCY

AUTOMATIC STAY

ADMINISTRATIVE EXPENSES

GUARANTEED RESERVATION

CREDITOR

SOLE PROPRIETORSHIP

NONPROFIT CORPORATION

SECRET WARRANTY PROGRAM

PRIORITY DEBT

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