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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

David S. Mccurdy

Real Estate, Estate Planning, Business, Bankruptcy

Status: In Good Standing Licensed: 50 Years

CONTACT

120 W Harris St, Cadillac, MI 49601

Jesse L. Williams

Real Estate, Family Law, Bankruptcy, Personal Injury

Status: In Good Standing Licensed: 18 Years

CONTACT

2899 Benzie Highway, Benzonia, MI 49616

Ronald A. Schuknecht

Motor Vehicle, Dispute Resolution, Criminal, Consumer Bankruptcy

Status: In Good Standing

CONTACT

10799 Sweet Lilac Ln, Interlochen, MI 49643

Wallace H. Tuttle

Real Estate, Business, Bankruptcy

Status: In Good Standing Licensed: 52 Years

CONTACT

3229 Logan Valley Rd, Traverse City, MI 49684

Nicole Paige Westfall

Bankruptcy, Commercial Real Estate, Estate

Status: In Good Standing

CONTACT

3281 Racquet Club Dr, Traverse City, MI 49684

Carroll Gibbs Clough

Banking & Finance, Bankruptcy

Status: In Good Standing Licensed: 19 Years

CONTACT

3281 Racquet Club Dr, Traverse City, MI 49684

Paul I. Bare

Corporate, Bankruptcy

Status: In Good Standing Licensed: 48 Years

CONTACT

3281 Racquet Club Dr, Traverse City, MI 49684

Teresa Marie Hill

Juvenile Law, Family Law, Criminal, Bankruptcy, Child Custody

Status: In Good Standing Licensed: 16 Years

CONTACT

1770 Lake Pointe Drive, Traverse City, MI 49686

Daniel O. Myers

Class Action, Consumer Rights, Consumer Bankruptcy

Status: In Good Standing Licensed: 31 Years

CONTACT

818 Red Drive, Traverse City, MI 49684

Michael Patrick Corcoran

Bankruptcy, Consumer Bankruptcy, Commercial Bankruptcy

Status: In Good Standing Licensed: 39 Years

CONTACT

617 W Front St, Traverse City, MI 49684

800-923-0641

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LEGAL TERMS

FCRA

See Fair Credit Reporting Act.

DOING BUSINESS AS (DBA)

A situation in which a business owner operates a company under a name different from his or her real name. The owner must file a 'fictitious name statement' or ... (more...)

A situation in which a business owner operates a company under a name different from his or her real name. The owner must file a 'fictitious name statement' or similar document with the appropriate agency -- for example, the county clerk. This enables consumers to discover the names of the business owners, which is important if a consumer needs to sue the business.

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.

SECURED DEBT

A debt on which a creditor has a lien. The creditor can institute a foreclosure or repossession to take the property identified by the lien, called the collater... (more...)

A debt on which a creditor has a lien. The creditor can institute a foreclosure or repossession to take the property identified by the lien, called the collateral, to satisfy the debt if you default. Compare unsecured debt.

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.

FCBA

See Fair Credit Billing Act.

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.

NONDISCHARGEABLE DEBTS

Debts that cannot be erased by filing for bankruptcy. If you file for Chapter 7 bankruptcy, these debts will remain when your case is over. If you file for Chap... (more...)

Debts that cannot be erased by filing for bankruptcy. If you file for Chapter 7 bankruptcy, these debts will remain when your case is over. If you file for Chapter 13 bankruptcy, the nondischargeable debts will have to be paid in full during your plan or you will have a balance at the end of your case. Examples of nondischargeable debts include alimony and child support, most income tax debts, many student loans and debts for personal injury or death caused by drunk driving. Compare dischargeable debts.

REDEMPTION

In Chapter 7 bankruptcy, when the debtor obtains legal title to collateral for a debt by paying the creditor the replacement value of the collateral in a lump s... (more...)

In Chapter 7 bankruptcy, when the debtor obtains legal title to collateral for a debt by paying the creditor the replacement value of the collateral in a lump sum. For example, a debtor may redeem a car note by paying the lender the amount a retail vendor would charge for the car, considering its age and condition.

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Wellston Bankruptcy Lawyer, Michigan

Sponsored Law Firm

Marrs & Terry, PLLC

SPONSORED LAWYERS

David S. Mccurdy

Jesse L. Williams

Ronald A. Schuknecht

Wallace H. Tuttle

Nicole Paige Westfall

Carroll Gibbs Clough

Paul I. Bare

Teresa Marie Hill

Daniel O. Myers

Michael Patrick Corcoran

TIPS

LEGAL TERMS

FCRA

DOING BUSINESS AS (DBA)

S CORPORATION

SECURED DEBT

BULK SALES LAW

FCBA

DEFINED CONTRIBUTION PLAN

NONDISCHARGEABLE DEBTS

REDEMPTION

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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