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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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Anne Marie VanderBroek

State & Local Agencies, Government, Criminal, Collection

Status: In Good Standing Licensed: 8 Years

CONTACT

29 N Howell St, Hillsdale, MI 49242

Anne Walker White

Biotechnology, Labor Law, Business, Consumer Bankruptcy

Status: In Good Standing Licensed: 40 Years

CONTACT

1 Comtronics Pl, Jackson, MI 49203

Bridgette Mae Austin

Tax, Bankruptcy & Debt

Status: In Good Standing Licensed: 14 Years

CONTACT

180 W Michigan Ave,, Jackson, MI 49201

Darryl R. Mazur

Consumer Bankruptcy, Criminal

Status: In Good Standing Licensed: 51 Years

CONTACT

4203 Aspen Way, Jackson, MI 49201

Jaelle Mackenzie Richardson

Family Law, Collection, Gay & Lesbian Rights, Criminal

Status: In Good Standing

CONTACT

4386 Scott Carpenter Dr, Jackson, MI 49201

Jeffrey Thomas Landon

Divorce & Family Law, DUI-DWI, Criminal, Bankruptcy, Bankruptcy & Debt

Status: In Good Standing Licensed: 14 Years

CONTACT

120 W. Michigan Ave., Jackson, MI 49201

John M. Macdonald

Estate, Family Law, Criminal, Credit & Debt

Status: In Good Standing Licensed: 44 Years

CONTACT

101 E Bacon St, Hillsdale, MI 49242

John P. Lovinger

Estate Planning, Criminal, Bankruptcy

Status: In Good Standing Licensed: 37 Years

CONTACT

91 S Broad St, Hillsdale, MI 49242

Joseph S. Filip

Collection, Traffic, Landlord-Tenant

Status: In Good Standing Licensed: 51 Years

CONTACT

755 W Michigan Ave, Jackson, MI 49201

Kimberly C. Wilson

Real Estate, Reinsurance, Business, Consumer Bankruptcy

Status: In Good Standing

CONTACT

759 Beverly Park Pl, Jackson, MI 49203

800-923-0641

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LEGAL TERMS

DISCHARGEABLE DEBTS

Debts that can be erased by going through bankruptcy. Most debts incurred prior to declaring bankruptcy are dischargeable, including back rent, credit card bill... (more...)

Debts that can be erased by going through bankruptcy. Most debts incurred prior to declaring bankruptcy are dischargeable, including back rent, credit card bills and medical bills. Compare nondischargeable debts.

SUBROGATION

A taking on of the legal rights of someone whose debts or expenses have been paid. For example, subrogation occurs when an insurance company that has paid off i... (more...)

A taking on of the legal rights of someone whose debts or expenses have been paid. For example, subrogation occurs when an insurance company that has paid off its injured claimant takes the legal rights the claimant has against a third party that caused the injury, and sues that third party.

LIABILITY

(1) The state of being liable--that is, legally responsible for an act or omission. Example:Peri hires Paul to fix a broken pipe in her bathroom, but the new pi... (more...)

(1) The state of being liable--that is, legally responsible for an act or omission. Example:Peri hires Paul to fix a broken pipe in her bathroom, but the new pipe bursts the day after Paul installs it, ruining the bathroom floor. This raises the issue of liability: Who is responsible for the damage? Peri claims that Paul is responsible, and sues him for the cost of hiring another plumber to fix the pipe and replacing the floor. Paul, in turn, claims that the pipe manufacturer is responsible, because they supplied him with faulty materials. Both Peri and Paul must prove their claims in court; if Paul and/or the manufacturer is found liable, one or both will have to pay damages to Peri. (2) Something for which a person is liable. For example, a debt is often called a liability.

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.

CREDITOR

A person or entity (such as a bank) to whom a debt is owed.

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.

ACCORD AND SATISFACTION

An agreement to settle a contract dispute by accepting less than what's due. This procedure is often used by creditors who want to cut their losses by collectin... (more...)

An agreement to settle a contract dispute by accepting less than what's due. This procedure is often used by creditors who want to cut their losses by collecting as much money as they can from debtors who cannot pay the full amount.

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.

MEANS TEST

A formula that uses predefined income and expense categories to determine whether a debtor whose current monthly income is higher than the median family income ... (more...)

A formula that uses predefined income and expense categories to determine whether a debtor whose current monthly income is higher than the median family income for his or her state should be allowed to file for Chapter 7 bankruptcy.

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Moscow Bankruptcy & Debt Lawyer, Michigan

Sponsored Law Firm

Marrs & Terry, PLLC

SPONSORED LAWYERS

Anne Marie VanderBroek

Anne Walker White

Bridgette Mae Austin

Darryl R. Mazur

Jaelle Mackenzie Richardson

Jeffrey Thomas Landon

John M. Macdonald

John P. Lovinger

Joseph S. Filip

Kimberly C. Wilson

TIPS

LEGAL TERMS

DISCHARGEABLE DEBTS

SUBROGATION

LIABILITY

PREFERENCE

CREDITOR

LIMITED PARTNERSHIP

ACCORD AND SATISFACTION

C CORPORATION

MEANS TEST

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