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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

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David James Wallace

General Practice

Status: In Good Standing Licensed: 41 Years

CONTACT

628 Lytle Ave, Harbor Beach, MI 48441

Dawn A. Schumacher

Real Estate, Estate, Criminal

Status: In Good Standing Licensed: 39 Years

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145 N Klug Rd, Harbor Beach, MI 48441

Duane E. Cubitt

Family Law, Estate Planning

Status: In Good Standing Licensed: 55 Years

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575 Rapson Dr, Bad Axe, MI 48413

Dale H. Cubitt

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Status: In Good Standing Licensed: 61 Years

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1045 N Collon Dr, Bad Axe, MI 48413

Elizabeth Virginia Weisenbach

Traffic, Juvenile Law, DUI-DWI, Criminal

Status: In Good Standing Licensed: 25 Years

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128 W Huron Ave, Bad Axe, MI 48413

Gerald M. Prill

Government, Divorce & Family Law, Criminal, Accident & Injury

Status: In Good Standing Licensed: 28 Years

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250 E Huron Ave, Bad Axe, MI 48413

John D. Schwedler

Real Estate, Wills & Probate, Trusts, Family Law

Status: In Good Standing Licensed: 45 Years

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237 E Huron Ave, Bad Axe, MI 48413

Zachary J. Eskau

Real Estate, Litigation, Labor Law, Business

Status: In Good Standing Licensed: 19 Years

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James N. Woodworth

Traffic

Status: In Good Standing

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Bad Axe, MI 48413

Andrew R. Lockard

Estate, Family Law, Criminal, Credit & Debt

Status: In Good Standing Licensed: 21 Years

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225 E Woodworth St, Bad Axe, MI 48413

800-923-0641

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LEGAL TERMS

NONPROFIT CORPORATION

A legal structure authorized by state law allowing people to come together to either benefit members of an organization (a club, or mutual benefit society) or f... (more...)

A legal structure authorized by state law allowing people to come together to either benefit members of an organization (a club, or mutual benefit society) or for some public purpose (such as a hospital, environmental organization or literary society). Nonprofit corporations, despite the name, can make a profit, but the business cannot be designed primarily for profit-making purposes, and the profits must be used for the benefit of the organization or purpose the corporation was created to help. When a nonprofit corporation dissolves, any remaining assets must be distributed to another nonprofit, not to board members. As with for-profit corporations, directors of nonprofit corporations are normally shielded from personal liability for the organization's debts. Some nonprofit corporations qualify for a federal tax exemption under _ 501(c)(3) of the Internal Revenue Code, with the result that contributions to the nonprofit are tax deductible by their donors.

SECRET WARRANTY PROGRAM

A program under which a car manufacturer will make repairs for free on vehicles with persistent problems, even after the warranty has expired, in order to avoid... (more...)

A program under which a car manufacturer will make repairs for free on vehicles with persistent problems, even after the warranty has expired, in order to avoid a recall and the accompanying bad press. Secret warranties are rarely advertised by the manufacturer, so consumers must pursue the manufacturer to discover and take advantage of them. A few states require manufacturers to notify car buyers when they adopt secret warranty programs.

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.

LIEN

The right of a secured creditor to grab a specific item of property if you don't pay a debt. Liens you agree to are called security interests, and include mortg... (more...)

The right of a secured creditor to grab a specific item of property if you don't pay a debt. Liens you agree to are called security interests, and include mortgages, home equity loans, car loans and personal loans for which you pledge property to guarantee repayment. Liens created without your consent are called nonconsensual liens, and include judgment liens (liens filed by a creditor who has sued you and obtained a judgment), tax liens and mechanics liens (liens filed by a contractor who worked on your house but wasn't paid).

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.

WINDING UP

The process of paying off expenses and creditors, settling accounts, and collecting and distributing (to shareholders and owners) whatever assets then remain, a... (more...)

The process of paying off expenses and creditors, settling accounts, and collecting and distributing (to shareholders and owners) whatever assets then remain, all with the ultimate goal of liquidating or closing down a corporation or partnership.

CHAPTER 7 BANKRUPTCY

The most familiar type of bankruptcy, in which many or all of your debts are wiped out completely in exchange for giving up your nonexempt property. Chapter 7 b... (more...)

The most familiar type of bankruptcy, in which many or all of your debts are wiped out completely in exchange for giving up your nonexempt property. Chapter 7 bankruptcy takes from three to six months, costs about $200, and commonly requires only one trip to the courthouse.

DEFINED CONTRIBUTION PLAN

A type of pension plan that does not guarantee any particular pension amount upon retirement. Instead, the employer pays into the pension fund a certain amount ... (more...)

A type of pension plan that does not guarantee any particular pension amount upon retirement. Instead, the employer pays into the pension fund a certain amount every month, or every year, for each employee. The employer usually pays a fixed percentage of an employee's wages or salary, although sometimes the amount is a fraction of the company's profits, with the size of each employee's pension share depending on the amount of wage or salary. Upon retirement, each employee's pension is determined by how much was contributed to the fund on behalf of that employee over the years, plus whatever earnings that money has accumulated as part of the investments of the entire pension fund.

Ruth Bankruptcy Lawyer, Michigan

Sponsored Law Firm

Marrs & Terry, PLLC

SPONSORED LAWYERS

David James Wallace

Dawn A. Schumacher

Duane E. Cubitt

Dale H. Cubitt

Elizabeth Virginia Weisenbach

Gerald M. Prill

John D. Schwedler

Zachary J. Eskau

James N. Woodworth

Andrew R. Lockard

TIPS

LEGAL TERMS

NONPROFIT CORPORATION

SECRET WARRANTY PROGRAM

MEANS TEST

LIEN

DISPOSABLE INCOME

WINDING UP

CHAPTER 7 BANKRUPTCY

DEFINED CONTRIBUTION PLAN

FCBA

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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