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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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Dustyn Kyle Coontz

Federal Appellate Practice, Criminal, Collection, Animal Bite

Status: In Good Standing Licensed: 9 Years

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503 S Saginaw St, Flint, MI 48502

Rhonda R. Stowers

Labor Law, Employment, Criminal, Collection

Status: In Good Standing Licensed: 23 Years

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111 E Court St, Flint, MI 48502

Seth Lantz Neblock

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

Status: In Good Standing Licensed: 12 Years

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436 S Saginaw St, Flint, MI 48502

Chadd A. O'Brien

Construction, Intellectual Property, Contract, Collection

Status: In Good Standing Licensed: 15 Years

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2305 S Center Rd, Flint, MI 48519

Donald William Shaw

Bankruptcy & Debt, Criminal

Status: In Good Standing Licensed: 44 Years

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1015 Church Street, Flint, MI 48502

Dawn Marie Weier

Conveyancing, DUI-DWI, Contract, Credit & Debt

Status: In Good Standing Licensed: 23 Years

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2387 S Linden Rd, Flint, MI 48532

Mark Ernest Ross

Commercial Leasing, Construction Contracts, Business Organization, Collection

Status: In Good Standing Licensed: 27 Years

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2347 Stonebridge Dr, Flint, MI 48532

Roger G. Isaac

Business, Transactions, Real Estate, Consumer Bankruptcy

Status: In Good Standing Licensed: 51 Years

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1360 S Linden Rd, Flint, MI 48532

Marlene A. Juhasz

State Government, Criminal, Bankruptcy & Debt

Status: In Good Standing Licensed: 43 Years

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609 Leland St, Flushing, MI 48433

Marlene Juhasz

State Government, Criminal, Bankruptcy & Debt

Status: In Good Standing Licensed: 43 Years

CONTACT

609 Leland St, Flushing, MI 48433

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LEGAL TERMS

IRS EXPENSES

A table of national and regional expense estimates published by the IRS. Debtors whose current monthly income is more than their state's median family income mu... (more...)

A table of national and regional expense estimates published by the IRS. Debtors whose current monthly income is more than their state's median family income must use the IRS expenses to calculate their average net income in a Chapter 7 case, or their disposable income in a Chapter 13 case.

SOLE PROPRIETORSHIP

A business owned and managed by one person (or for tax purposes, a husband and wife). For IRS purposes, a sole proprietor and her business are one tax entity, m... (more...)

A business owned and managed by one person (or for tax purposes, a husband and wife). For IRS purposes, a sole proprietor and her business are one tax entity, meaning that business profits are reported and taxed on the owner's personal tax return. Setting up a sole proprietorship is cheap and easy since no legal formation documents need be filed with any governmental agency (although tax registration and other permit and license requirements may still apply). Once you file a fictitious name statement (assuming you don't use your own name) and obtain any required basic tax permits and business licenses, you'll be in business. The main downside of a sole proprietorship is that its owner is personally liable for all business debts.

FRAUDULENT TRANSFER

In a bankruptcy case, a transfer of property to another for less than the property's value for the purpose of hiding the property from the bankruptcy trustee --... (more...)

In a bankruptcy case, a transfer of property to another for less than the property's value for the purpose of hiding the property from the bankruptcy trustee -- for instance, when a debtor signs a car over to a relative to keep it out of the bankruptcy estate. Fraudulently transferred property can be recovered and sold by the trustee for the benefit of the creditors.

TRADE DRESS

The distinctive packaging or design of a product that promotes the product and distinguishes it from other products in the marketplace -- for example, the shape... (more...)

The distinctive packaging or design of a product that promotes the product and distinguishes it from other products in the marketplace -- for example, the shape of Frangelico liqueur bottles. Trade dress can be protected under trademark law if a showing can be made that the average consumer would likely be confused as to product origin if another product were allowed to appear in similar dress.

FCBA

See Fair Credit Billing Act.

DISCHARGE (OF DEBTS)

A bankruptcy court's erasure of the debts of a person or business that has filed for bankruptcy.

CREDIT COUNSELING

Counseling that explores the possibility of repaying debts outside of bankruptcy and educates the debtor about credit, budgeting, and financial management. Unde... (more...)

Counseling that explores the possibility of repaying debts outside of bankruptcy and educates the debtor about credit, budgeting, and financial management. Under the new bankruptcy law, a debtor must undergo credit counseling with an approved provider before filing for bankruptcy.

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.

DISPOSABLE INCOME

The difference between a debtor's current monthly income and allowable expenses. This is the amount that the new bankruptcy law deems available to pay into a Ch... (more...)

The difference between a debtor's current monthly income and allowable expenses. This is the amount that the new bankruptcy law deems available to pay into a Chapter 13 plan.

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Millington Bankruptcy & Debt Lawyer, Michigan, page 3

Sponsored Law Firm

Marrs & Terry, PLLC

SPONSORED LAWYERS

Dustyn Kyle Coontz

Rhonda R. Stowers

Seth Lantz Neblock

Chadd A. O'Brien

Donald William Shaw

Dawn Marie Weier

Mark Ernest Ross

Roger G. Isaac

Marlene A. Juhasz

Marlene Juhasz

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LEGAL TERMS

IRS EXPENSES

SOLE PROPRIETORSHIP

FRAUDULENT TRANSFER

TRADE DRESS

FCBA

DISCHARGE (OF DEBTS)

CREDIT COUNSELING

PREFERENCE

DISPOSABLE INCOME

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