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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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Daniel Cline

Cogeneration, Corporate, Reorganization, Bankruptcy

Status: In Good Standing

CONTACT

1885 W. Tranquil Trail, Midland, MI 48640

Andrew Jay Tierman

Public Schools, Consumer Rights, Elder Law, Consumer Bankruptcy

Status: In Good Standing Licensed: 51 Years

CONTACT

5581 Tamarix Ln, Saginaw, MI 48603

Colin Matthew Dill

Estate Planning, Divorce & Family Law, Elder Law, Consumer Bankruptcy

Status: In Good Standing Licensed: 17 Years

CONTACT

4855 State St, Saginaw, MI 48603

Seth Michael Bierlein

Trusts, Divorce, Bankruptcy, Wrongful Death

Status: In Good Standing Licensed: 9 Years

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8799 Cottonwood Dr, Freeland, MI 48623

Joshua M. Reinert

Education, Litigation, Social Security, Bankruptcy, Bankruptcy & Debt

Status: In Good Standing Licensed: 21 Years

CONTACT

3434 Davenport Ave, Saginaw, MI 48602

Thomas W. Mcdonald

Bankruptcy

Status: In Good Standing Licensed: 44 Years

CONTACT

3144 Davenport Ave, Saginaw, MI 48602

Ashley R. Garchow

Landlord-Tenant, Federal Appellate Practice, Contract, Collection

Status: In Good Standing Licensed: 20 Years

CONTACT

300 Rodd Street, Midland, MI 48640

Michael C. Weiss

Medicare & Medicaid, Family Law, Elder Law, Credit & Debt

Status: In Good Standing Licensed: 47 Years

CONTACT

2 Berger Rd, Saginaw, MI 48602

W. Jay Brown

Construction, Contract, Credit & Debt, Defamation & Slander

Status: In Good Standing

CONTACT

414 Townsend St, Midland, MI 48640

Jay W. Brown

Contract, Credit & Debt, Defamation & Slander, Construction

Status: In Good Standing Licensed: 26 Years

CONTACT

414 Townsend St, Midland, MI 48640

800-923-0641

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LEGAL TERMS

FRATERNAL BENEFIT SOCIETY BENEFITS

These are benefits, often group life insurance, paid for by fraternal societies to their members. Elks, Masons or Knights of Columbus are common fraternal socie... (more...)

These are benefits, often group life insurance, paid for by fraternal societies to their members. Elks, Masons or Knights of Columbus are common fraternal societies that provide benefits. Also called benefit society, benevolent society or mutual aid association benefits. Under bankruptcy laws, these benefits are virtually always considered exempt property.

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.

CREDITOR

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

BANKRUPTCY TRUSTEE

A person appointed by the court to oversee the case of a person or business that has filed for bankruptcy. In a consumer Chapter 7 case, the trustee's role is t... (more...)

A person appointed by the court to oversee the case of a person or business that has filed for bankruptcy. In a consumer Chapter 7 case, the trustee's role is to gather the debtor's nonexempt property, liquidate it and distribute it proportionally to her creditors. In a Chapter 13 case, the trustee's role is to receive the debtor's monthly payments and distribute them proportionally to her creditors.

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.

COLLECTION AGENCY

A company hired by a creditor to collect a debt that it is owed. Creditors typically hire a collection agency only after they have made efforts to collect the d... (more...)

A company hired by a creditor to collect a debt that it is owed. Creditors typically hire a collection agency only after they have made efforts to collect the debt themselves, typically through letters (called 'dunning' letters) and telephone calls. Collection agencies are regulated by the federal Fair Debt Collection Practices Act. Unfortunately, too many collectors ignore this law.

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.

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.

FORBEARANCE

Voluntarily refraining from doing something, such as asserting a legal right. For example, a creditor may forbear on its right to collect a debt by temporarily ... (more...)

Voluntarily refraining from doing something, such as asserting a legal right. For example, a creditor may forbear on its right to collect a debt by temporarily postponing or reducing the borrower's payments.

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Hemlock Bankruptcy & Debt Lawyer, Michigan

Sponsored Law Firm

Marrs & Terry, PLLC

SPONSORED LAWYERS

Daniel Cline

Andrew Jay Tierman

Colin Matthew Dill

Seth Michael Bierlein

Joshua M. Reinert

Thomas W. Mcdonald

Ashley R. Garchow

Michael C. Weiss

W. Jay Brown

Jay W. Brown

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LEGAL TERMS

FRATERNAL BENEFIT SOCIETY BENEFITS

401(K) PLAN

CREDITOR

BANKRUPTCY TRUSTEE

S CORPORATION

COLLECTION AGENCY

LIABILITY

GARNISHMENT

FORBEARANCE

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