Midland County, MI Collection Lawyers

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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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Barbara E. Maurer

Farms, Child Support, Adoption, Criminal

Status: In Good Standing

CONTACT

116 Dartmouth Drive, Midland, MI 48640

Jerold T. Coon

Landlord-Tenant, Criminal, Consumer Protection, Civil & Human Rights

Status: In Good Standing Licensed: 31 Years

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2724 N Lewis Rd, Coleman, MI 48618

Megan Conlon Mcculloch

Environmental Law, Administrative Law, Business

Status: In Good Standing Licensed: 19 Years

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2211 H.H. Dow Way, Midland, MI 48674

Catherine U. Brown

International Other, Intellectual Property

Status: In Good Standing Licensed: 26 Years

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608 Honeysuckle Cir, Midland, MI 48642

Gregory T. Demers

Agriculture, Gift Taxation, Estate Planning, Business

Status: In Good Standing Licensed: 43 Years

CONTACT

715 E Main St, Midland, MI 48640

William R. Garchow

Real Estate, Business

Status: In Good Standing Licensed: 24 Years

CONTACT

235 E Main St, Midland, MI 48640

Wendy Davis Kanar

Gift Taxation, Estate Planning, Divorce & Family Law, Elder Law

Status: In Good Standing Licensed: 26 Years

CONTACT

143 Mcdonald St, Midland, MI 48640

Jeffrey N. Dyer

Real Estate, Litigation, Estate Planning, Business

Status: In Good Standing Licensed: 34 Years

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143 Mcdonald St, Midland, MI 48640

David J. Klippert

Real Estate, Estate Planning, Estate, Business

Status: In Good Standing Licensed: 28 Years

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715 E Main St, Midland, MI 48640

Todd M. Gambrell

Landlord-Tenant, Trusts, Estate Planning, Business

Status: In Good Standing Licensed: 27 Years

CONTACT

240 W Main St, Midland, MI 48640

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LEGAL TERMS

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.

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.

FAIR CREDIT REPORTING ACT (FCRA)

A federal law that is designed to prevent inaccurate or obsolete information from entering or remaining in a credit report. The law requires credit bureaus to a... (more...)

A federal law that is designed to prevent inaccurate or obsolete information from entering or remaining in a credit report. The law requires credit bureaus to adopt reasonable procedures for gathering, maintaining and disseminating information and bars credit bureaus from reporting negative information that is older than seven years, except a bankruptcy, which may be reported for ten. If you notify a credit bureau of an error in your credit report, the FCRA requires the bureau to investigate your allegations within 30 days, review all information you provide, remove inaccurate and unverified information and adopt procedures to keep the information from reappearing. In addition, the law requires that creditors refrain from reporting incorrect information to credit bureaus.

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.

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.

BULK SALES LAW

A law that regulates the transfer of business assets so that business owners cannot dispose of assets in order to avoid creditors. If a business owner wants to ... (more...)

A law that regulates the transfer of business assets so that business owners cannot dispose of assets in order to avoid creditors. If a business owner wants to conduct a bulk sale of business assets -- that is, get rid of an unusually large amount of inventory, merchandise or equipment -- the business owner must typically publish a notice of the sale and give written notice to creditors. Then, the owner must set up an account to hold the funds from the sale for a brief period of time during which creditors may make claims against the money. The prohibition against bulk sales is spelled out in the Uniform Commercial Code -- and laws modeled on the UCC have been generally adopted throughout the country.

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.

CCCS

See Consumer Credit Counseling Service.

NONEXEMPT PROPERTY

The property you risk losing to your creditors when you file a Chapter 7 bankruptcy or when a creditor sues you and wins a judgment. Nonexempt property typicall... (more...)

The property you risk losing to your creditors when you file a Chapter 7 bankruptcy or when a creditor sues you and wins a judgment. Nonexempt property typically includes valuable clothing (furs) and electronic equipment, an expensive car that's been paid off and most of the equity in your house. Compare exempt property.

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Midland County, MI Collection Lawyers

Sponsored Law Firm

Marrs & Terry, PLLC

SPONSORED LAWYERS

Barbara E. Maurer

Jerold T. Coon

Megan Conlon Mcculloch

Catherine U. Brown

Gregory T. Demers

William R. Garchow

Wendy Davis Kanar

Jeffrey N. Dyer

David J. Klippert

Todd M. Gambrell

TIPS

LEGAL TERMS

FAIR LABOR STANDARDS ACT (FLSA)

LIMITED LIABILITY

FAIR CREDIT REPORTING ACT (FCRA)

AUTOMATIC STAY

S CORPORATION

BULK SALES LAW

INTEREST

CCCS

NONEXEMPT PROPERTY

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