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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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Christopher G. Bovid

Corporate, Banking & Finance, Bankruptcy Litigation, Bankruptcy

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FREE CONSULTATION

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915 North Michigan Avenue, Howell, MI 48843

Rebecca J. Cassell

Employee Rights, Administrative Law, Credit & Debt, Personal Injury

Status: Licensed: 21 Years

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915 N Michigan Ave, Howell, MI 48843

Tara A. Black

Contract, Collection, Elder Law, Divorce

Status: Licensed: 19 Years

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704 E Grand River Ave, Howell, MI 48843

David T. Bittner

Divorce, Contract, Collection, Personal Injury

Status: Licensed: 33 Years

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710 E Grand River Ave, Howell, MI 48843

Timothy P. Macdonald

Elder Law, Insurance, Credit & Debt, Wrongful Death

Status: Licensed: 31 Years

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Howell, MI 48844

Christine Marie Heckler

Divorce, Contract, Credit & Debt, Defamation & Slander

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124 N State St, Howell, MI 48843

David J. Reader

Litigation, Family Law, Criminal, Collection

Status: Licensed: 49 Years

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204 S Highlander Way, Howell, MI 48843

Charles G. Hodgson

Bankruptcy, Real Estate, Trusts, Corporate

Status: Licensed: 23 Years

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8163 Grand River Rd, Brighton, MI 48114

John R. Ceci

Wills & Probate, Estate Planning, Divorce, Bankruptcy

Status: Licensed: 23 Years

FREE CONSULTATION

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726 W Grand River Ave, Brighton, MI 48116

Jon Thomas Emaus

Trusts, Contract, Credit & Debt, Wrongful Death

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8163 Grand River Road, Brighton, MI 48114

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LEGAL TERMS

CHAPTER 13 PLAN

A document filed in a Chapter 13 bankruptcy in which the debtor shows how all of his or her disposable income will be used over a three- to five-year period to ... (more...)

A document filed in a Chapter 13 bankruptcy in which the debtor shows how all of his or her disposable income will be used over a three- to five-year period to pay all mandatory debts -- for example, back child support, taxes, and mortgage arrearages -- as well as some or all unsecured, nonpriority debts, such as medical and credit card bills.

UNSECURED DEBT

A debt that is not tied to any item of property. A creditor doesn't have the right to grab property to satisfy the debt if you default. The creditor's only reme... (more...)

A debt that is not tied to any item of property. A creditor doesn't have the right to grab property to satisfy the debt if you default. The creditor's only remedy is to sue you and get a judgment. Compare secured debt.

CREDIT REPORT

An account of your credit history, prepared by a credit bureau. A credit report will contain both credit history, such as what you owe to whom and whether you m... (more...)

An account of your credit history, prepared by a credit bureau. A credit report will contain both credit history, such as what you owe to whom and whether you make the payments on time, as well as personal history, such as your former addresses, employment record and lawsuits in which you have been involved. An estimated 50% of all credit reports contain errors, such as accounts that don't belong to you, an incorrect account status or information reported that is older than seven years (ten years in the case of a bankruptcy).

WINDING UP

The process of paying off expenses and creditors, settling accounts, and collecting and distributing (to shareholders and owners) whatever assets then remain, a... (more...)

The process of paying off expenses and creditors, settling accounts, and collecting and distributing (to shareholders and owners) whatever assets then remain, all with the ultimate goal of liquidating or closing down a corporation or partnership.

ABUSE

Misuse of the Chapter 7 bankruptcy remedy. This term is typically applied to Chapter 7 bankruptcy filings that should have been filed under Chapter 13, because ... (more...)

Misuse of the Chapter 7 bankruptcy remedy. This term is typically applied to Chapter 7 bankruptcy filings that should have been filed under Chapter 13, because the debtor appears to have enough disposable income to fund a Chapter 13 repayment plan.

PREFERENCE

A payment made by a debtor to a creditor within a defined period prior to filing for bankruptcy -- within three months for arms-length creditors (regular commer... (more...)

A payment made by a debtor to a creditor within a defined period prior to filing for bankruptcy -- within three months for arms-length creditors (regular commercial creditors) and within one year for insider creditors (friends, family members, and business associates). Because a preference gives the creditor who received the payment an edge over other creditors in the bankruptcy case, the trustee can recover the preference (the amount of the payment) and distribute it among all of the creditors.

LIMITED PARTNERSHIP

A business structure that allows one or more partners (called limited partners) to enjoy limited personal liability for partnership debts while another partner ... (more...)

A business structure that allows one or more partners (called limited partners) to enjoy limited personal liability for partnership debts while another partner or partners (called general partners) have unlimited personal liability. The key difference between a general and limited partner concerns management decision making--general partners run the business, and limited partners, who are usually passive investors, are not allowed to make day-to-day business decisions. If they do, they risk being treated as general partners with unlimited personal liability.

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.

TRADE NAME

The official name of a business, the one it uses on its letterhead and bank account when not dealing with consumers.

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Howell Bankruptcy & Debt Lawyer, Michigan

Sponsored Law Firm

Marrs & Terry, PLLC

SPONSORED LAWYERS

Christopher G. Bovid

Rebecca J. Cassell

Tara A. Black

David T. Bittner

Timothy P. Macdonald

Christine Marie Heckler

David J. Reader

Charles G. Hodgson

John R. Ceci

Jon Thomas Emaus

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LEGAL TERMS

CHAPTER 13 PLAN

UNSECURED DEBT

CREDIT REPORT

WINDING UP

ABUSE

PREFERENCE

LIMITED PARTNERSHIP

FAIR LABOR STANDARDS ACT (FLSA)

TRADE NAME

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