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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

CONTACT

915 North Michigan Avenue, Howell, MI 48843

Mary Martha Simkins

Criminal, Collection

Status: Licensed: 42 Years

CONTACT

314 Victoria Park Dr, Howell, MI 48843

Rebecca J. Cassell

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

Status: Licensed: 20 Years

CONTACT

915 N Michigan Ave, Howell, MI 48843

Elizabeth A. Hundley

Estate, Religious Discrimination, Business, Bankruptcy & Debt

Status: Licensed: 25 Years

CONTACT

200 E Grand River Ave, Howell, MI 48843

Tara A. Black

Contract, Collection, Elder Law, Divorce

Status: Licensed: 18 Years

CONTACT

704 E Grand River Ave, Howell, MI 48843

David T. Bittner

Divorce, Contract, Collection, Personal Injury

Status: Licensed: 33 Years

CONTACT

710 E Grand River Ave, Howell, MI 48843

Stephen Dennis Long

Juvenile Law, International Other, Family Law, Bankruptcy

Status: Licensed: 31 Years

CONTACT

721 E Grand River Ave, Howell, MI 48843

Timothy L. Livingston

Real Estate, Child Custody, Criminal, Bankruptcy

Status: Licensed: 43 Years

CONTACT

408 W Grand River Ave, Howell, MI 48843

Douglas Joseph Behringer

Federal Appellate Practice, Employee Rights, Bankruptcy, Personal Injury

Status: Licensed: 28 Years

CONTACT

4154 Ash Tree Ln, Howell, MI 48843

David J. Reader

Litigation, Family Law, Criminal, Collection

Status: Licensed: 48 Years

CONTACT

204 S Highlander Way, Howell, MI 48843

800-923-0641

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LEGAL TERMS

REDEMPTION

In Chapter 7 bankruptcy, when the debtor obtains legal title to collateral for a debt by paying the creditor the replacement value of the collateral in a lump s... (more...)

In Chapter 7 bankruptcy, when the debtor obtains legal title to collateral for a debt by paying the creditor the replacement value of the collateral in a lump sum. For example, a debtor may redeem a car note by paying the lender the amount a retail vendor would charge for the car, considering its age and condition.

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.

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.

C CORPORATION

Common business slang to distinguish a corporation whose profits are taxed separate from its owners under subchapter C of the Internal Revenue Code, from an S c... (more...)

Common business slang to distinguish a corporation whose profits are taxed separate from its owners under subchapter C of the Internal Revenue Code, from an S corporation, whose profits are passed through to shareholders and taxed on their personal returns under subchapter S of the Internal Revenue Code.

PRESUMED ABUSE

In a Chapter 7 bankruptcy, when the debtor's current monthly income exceeds the family median income for his or her state and he or she cannot pass the means te... (more...)

In a Chapter 7 bankruptcy, when the debtor's current monthly income exceeds the family median income for his or her state and he or she cannot pass the means test, the court will presume that the debtor has sufficient income to fund a Chapter 13 plan. In this situation, the debtor will not be allowed to proceed with a Chapter 7 bankruptcy unless the debtor can prove that he or she is not abusing the Chapter 7 bankruptcy remedy.

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.

CYBERSQUATTING

Buying a domain name that reflects the name of a business or famous person with the intent of selling the name back to the business or celebrity for a profit. T... (more...)

Buying a domain name that reflects the name of a business or famous person with the intent of selling the name back to the business or celebrity for a profit. The Anticybersquatting Consumer Protection Act of 1999 authorizes a cybersquatting victim to file a federal lawsuit to regain a domain name or sue for financial compensation. Under the act, registering, selling or using a domain name with the intent to profit from someone else's good name is considered cybersquatting. Victims of cybersquatting can also use the provisions of the Uniform Domain Name Dispute Resolution Policy adopted by ICANN, an international tribunal administering domain names. This international policy results in arbitration of the dispute, not litigation.

WORKOUT

A debtor's plan to take care of a debt, by paying it off or through loan forgiveness. Workouts are often created to avoid bankruptcy or foreclosure proceedings.

HOUSEHOLDER

A person who supports and maintains a household, with or without other people. In bankruptcy law, a householder, housekeeper or head of household can claim a ho... (more...)

A person who supports and maintains a household, with or without other people. In bankruptcy law, a householder, housekeeper or head of household can claim a homestead exemption and possibly other exemptions relating to the maintenance of the household.

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Howell Bankruptcy & Debt Lawyer, Michigan

Sponsored Law Firm

Marrs & Terry, PLLC

SPONSORED LAWYERS

Christopher G. Bovid

Mary Martha Simkins

Rebecca J. Cassell

Elizabeth A. Hundley

Tara A. Black

David T. Bittner

Stephen Dennis Long

Timothy L. Livingston

Douglas Joseph Behringer

David J. Reader

TIPS

LEGAL TERMS

REDEMPTION

AUTOMATIC STAY

FORBEARANCE

C CORPORATION

PRESUMED ABUSE

S CORPORATION

CYBERSQUATTING

WORKOUT

HOUSEHOLDER

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