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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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Justin Robert Babbitt

Social Security, Family Law, Elder Law, Credit & Debt

Status: Licensed: 11 Years

CONTACT

2310 Jolly Oak Rd, Okemos, MI 48864

Jessica R. Maas

Landlord-Tenant, Family Law, Elder Law, Credit & Debt

Status: Licensed: 12 Years

CONTACT

3490 Belle Chase Way, Lansing, MI 48911

Wesley E. Harper

Divorce, Elder Law, Contract, Credit & Debt

Status:

CONTACT

2109 Hamilton Rd, Okemos, MI 48864

Barnet George Levine

Foreclosure, Family Law, Contract, Credit & Debt

Status: Licensed: 11 Years

CONTACT

5454 Jessalee Cir, East Lansing, MI 48823

Andrew J. Gerdes

Real Estate, Business, Credit & Debt, Collection

Status: Licensed: 33 Years

CONTACT

416 N Homer St, Lansing, MI 48912

Lauren Alina Elster

Contract, Credit & Debt, Personal Injury

Status: Licensed: 11 Years

CONTACT

4121 Okemos Rd, Okemos, MI 48864

Daniel J. Hude

Landlord-Tenant, Litigation, Banking & Finance, Credit & Debt

Status: Licensed: 16 Years

CONTACT

Lansing, MI 48909

Katharine M. Hude

Landlord-Tenant, Entertainment, Contract, Credit & Debt

Status: Licensed: 16 Years

CONTACT

824 N Capitol Ave, Lansing, MI 48906

Peter A. Teholiz

Foreclosure, Agriculture, Contract, Credit & Debt

Status: Licensed: 43 Years

CONTACT

2400 Lake Lansing Rd, Lansing, MI 48912

Shantell L. Rene

Contract, Agriculture, Landlord-Tenant, Credit & Debt

Status: Licensed: 14 Years

CONTACT

6172 Brooks Landing, Dimondale, MI 48821

800-814-6700

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LEGAL TERMS

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.

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.

UNDUE HARDSHIP

The circumstances in which a debtor may discharge a student loan in bankruptcy. For example, a debtor who has no income and little chance of earning enough in t... (more...)

The circumstances in which a debtor may discharge a student loan in bankruptcy. For example, a debtor who has no income and little chance of earning enough in the future to pay off the loan may be able to show that repayment would be an undue hardship.

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.

INTEREST

A commission you pay a bank or other creditor for lending you money or extending you credit. An interest rate represents the annual percentage that is added to ... (more...)

A commission you pay a bank or other creditor for lending you money or extending you credit. An interest rate represents the annual percentage that is added to your balance. This means that if your loan or credit line has an interest rate of 8%, the holder adds 8% to the balance each year. More specifically, interest is calculated and added to your loan or credit line through a process called compounding. If interest is compounded daily, the balance will rise by 1/365th of 8% each day. If interest is compounded monthly, the balance will rise 1/12th of 8% at the start of each month.

LOSS DAMAGE WAIVER (LDW)

Rental car insurance that makes the rental car company responsible for damage to or theft of a rental car. This insurance is a major consumer ripoff, as it ofte... (more...)

Rental car insurance that makes the rental car company responsible for damage to or theft of a rental car. This insurance is a major consumer ripoff, as it often duplicates coverage provided by the renter's regular car insurance and/or the credit card she uses to rent the car. Nevertheless, hard-sell practices by rental car agents often dupe people into buying LDWs they don't really need. LDW is also called 'collision damage waiver.'

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.

TRADE NAME

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

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.

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Leslie Credit & Debt Lawyer, Michigan

Sponsored Law Firm

Marrs & Terry, PLLC

SPONSORED LAWYERS

Justin Robert Babbitt

Jessica R. Maas

Wesley E. Harper

Barnet George Levine

Andrew J. Gerdes

Lauren Alina Elster

Daniel J. Hude

Katharine M. Hude

Peter A. Teholiz

Shantell L. Rene

TIPS

LEGAL TERMS

HOUSEHOLDER

S CORPORATION

UNDUE HARDSHIP

CHAPTER 13 PLAN

INTEREST

LOSS DAMAGE WAIVER (LDW)

LIMITED LIABILITY

TRADE NAME

ABUSE

SAMPLE LEGAL CASES

New Freedom Mtg. Corp. v. Globe Mtg. Corp.

Barth v. FIRST CONSUMER CREDIT, INC.

CHARTER ONE BANK NA v. JP Morgan Chase Bank, NA

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