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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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Includes: Bankruptcy Litigation, Commercial Bankruptcy, Consumer Bankruptcy, Dissolution

Adel T. Fakhouri

Mediation, Estate Planning, Bankruptcy, Personal Injury

Status: In Good Standing

FREE CONSULTATION

CONTACT

26300 Telegraph Road, Southfield, MI 48033

Ryan Edward Ladley

Consumer Bankruptcy, Bankruptcy

Status: In Good Standing

CONTACT

39319 Plymouth Rd, Livonia, MI 48150

Lisa M. Manoogian

Consumer Bankruptcy, Bankruptcy

Status: In Good Standing

CONTACT

39319 Plymouth Rd, Livonia, MI 48150

Terrance A. Hiller

Bankruptcy, Corporate, Commercial Real Estate

Status: In Good Standing

CONTACT

25800 Northwestern Hwy, Southfield, MI 48075

Marsha E. Peskin

Bankruptcy, Litigation

Status: In Good Standing

CONTACT

25800 Northwestern Hwy, Southfield, MI 48075

Trevor M. Stratton

Credit & Debt, Collection, Consumer Bankruptcy, Bankruptcy & Debt

Status: In Good Standing Licensed: 20 Years

FREE CONSULTATION

CONTACT

Farmington, MI 48336

David S. Wilkinson

Commercial Real Estate, Foreclosure, Contract, Bankruptcy

Status: In Good Standing Licensed: 22 Years

CONTACT

23843 Joy Rd, Dearborn Heights, MI 48127

John Larkin

Criminal, Bankruptcy, Bed Bug, Animal Bite

Status: In Good Standing Licensed: 33 Years

CONTACT

33680 Five Mile Rd, Livonia, MI 48154

Mary Ann Arsenault

Child Support, Adoption, Contract, Bankruptcy

Status: In Good Standing Licensed: 42 Years

CONTACT

33200 Schoolcraft Rd, Livonia, MI 48150

Gary D. Nitzkin

Litigation, Employee Rights, Consumer Bankruptcy, Bankruptcy & Debt

Status: In Good Standing

CONTACT

22142 W Nine Mile Rd, Southfield, MI 48033

800-923-0641

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LEGAL TERMS

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.

CHAPTER 13 BANKRUPTCY

The reorganization bankruptcy for consumers, in which you partially or fully repay your debts. In Chapter 13 bankruptcy, you keep your property and use your inc... (more...)

The reorganization bankruptcy for consumers, in which you partially or fully repay your debts. In Chapter 13 bankruptcy, you keep your property and use your income to pay all or a portion of the debts over three to five years. The minimum amount you must pay is roughly equal to the value of your nonexempt property. In addition, you must pledge your disposable net income -- after subtracting reasonable expenses -- for the period during which you are making payments. At the end of the three-to five-year period, the balance of what you owe on most debts is erased.

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.

INFRINGEMENT (OF TRADEMARK)

Unauthorized use of a protected trademark or service mark, or use of something very similar to a protected mark. The success of a lawsuit to stop the infringeme... (more...)

Unauthorized use of a protected trademark or service mark, or use of something very similar to a protected mark. The success of a lawsuit to stop the infringement turns on whether the defendant's use causes a likelihood of confusion in the average consumer. If a court determines that the average consumer would be confused, the owner of the original mark can prevent the other's use of the infringing mark and sometimes collect damages.

CURRENT MONTHLY INCOME

As defined by the new bankruptcy law, a bankruptcy filer's total gross income (whether taxable or not), averaged over the six-month period immediately preceding... (more...)

As defined by the new bankruptcy law, a bankruptcy filer's total gross income (whether taxable or not), averaged over the six-month period immediately preceding the bankruptcy filing. The debtor's current monthly income is used to determine whether the debtor can file for Chapter 7 bankruptcy, among other things.

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.

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.

NO-FAULT INSURANCE

Car insurance laws that require the insurance companies of each person in an accident to pay for medical bills and lost wages of their insured, up to a certain ... (more...)

Car insurance laws that require the insurance companies of each person in an accident to pay for medical bills and lost wages of their insured, up to a certain amount, regardless of who was at fault. The effect of no-fault insurance laws is to eliminate lawsuits in small accidents. The advantage is the prompt payment of medical bills and expenses. The downsides are that the amounts paid by no-fault policies are often not enough to fully cover a person's losses and that no-fault does not compensate for pain and suffering.

Redford Bankruptcy Lawyer, Michigan

Sponsored Law Firm

Marrs & Terry, PLLC

SPONSORED LAWYERS

Adel T. Fakhouri

Ryan Edward Ladley

Lisa M. Manoogian

Terrance A. Hiller

Marsha E. Peskin

Trevor M. Stratton

David S. Wilkinson

John Larkin

Mary Ann Arsenault

Gary D. Nitzkin

TIPS

LEGAL TERMS

FRAUDULENT TRANSFER

CHAPTER 13 BANKRUPTCY

AUTOMATIC STAY

INFRINGEMENT (OF TRADEMARK)

CURRENT MONTHLY INCOME

S CORPORATION

FAIR LABOR STANDARDS ACT (FLSA)

NO-FAULT INSURANCE

COLLATERAL

SAMPLE LEGAL CASES

RDM Holdings, Ltd. v. Continental Plastics Co.

Gulf Underwriters Ins. Co. v. McCLAIN INDUSTRIES, INC.

MICHIGAN COMMERCE BANK v. PALMS INVESTMENTS, LLC

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