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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.
2. AboutExperienced Michigan Lawyer
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C Mark Stoppels

Business Organization, Collection, Banking & Finance, Wills & Probate

Status: In Good Standing

CONTACT

825 Parchment Drive S. E., Grand Rapids, MI 49546

Steven L. Williams

Alimony & Spousal Support, Banking & Finance, Bankruptcy, Bankruptcy Litigation

Status: In Good Standing

FREE CONSULTATION

CONTACT

977 ADA Place Drive SE, Grand Rapids, MI 49546

Lisa M. Feistritzer

Consumer Rights, Business, Consumer Bankruptcy

Status: In Good Standing Licensed: 23 Years

CONTACT

7546 Leyton Dr Se, Ada, MI 49301

Howard G. Van Den Heuvel

DUI-DWI, Corporate, Collection, Car Accident

Status: In Good Standing

CONTACT

4920 Broadmoor Ave Se, Grand Rapids, MI 49512

Larry A. Ver Merris

Land Use & Zoning, Corporate, Banking & Finance, Collection

Status: In Good Standing Licensed: 46 Years

CONTACT

825 Parchment Dr Se, Grand Rapids, MI 49546

Larry A. Ver Merris

International Tax, Trusts, Contract, Collection

Status: In Good Standing Licensed: 46 Years

CONTACT

825 Parchment Dr Se, Grand Rapids, MI 49546

Anthony James Huspaska

Collection, Bankruptcy & Debt, Commercial Banks, Contract

Status: In Good Standing Licensed: 13 Years

CONTACT

2618 E Paris, Grand Rapids, MI 49546

Barbara Muller-Wilson

Real Estate, Consumer Rights, Children's Rights, Consumer Bankruptcy

Status: In Good Standing

CONTACT

979 Spaulding Ave Se, Ada, MI 49301

Edith A. Landman

Litigation, Government, Bankruptcy, Bankruptcy & Debt

Status: In Good Standing Licensed: 46 Years

CONTACT

2251 East Paris Ave Se, Grand Rapids, MI 49546

Barbara A. Muller-Wilson

Real Estate, Consumer Rights, Children's Rights, Consumer Bankruptcy

Status: In Good Standing Licensed: 35 Years

CONTACT

979 Spaulding Ave Se, Ada, MI 49301

800-923-0641

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LEGAL TERMS

LIMITED LIABILITY

The maximum amount a business owner can lose if the business is subject to debts, claims or other liabilities. An owner of a limited liability company (LLC) or ... (more...)

The maximum amount a business owner can lose if the business is subject to debts, claims or other liabilities. An owner of a limited liability company (LLC) or a person who invests in a corporation (a shareholder) generally stands to lose only the amount of money invested in the business. This means that if the business folds, creditors cannot seize or sell an owner's home, car, or other personal assets.

PRESUMED ABUSE

In a Chapter 7 bankruptcy, when the debtor's current monthly income exceeds the family median income for his or her state and he or she cannot pass the means te... (more...)

In a Chapter 7 bankruptcy, when the debtor's current monthly income exceeds the family median income for his or her state and he or she cannot pass the means test, the court will presume that the debtor has sufficient income to fund a Chapter 13 plan. In this situation, the debtor will not be allowed to proceed with a Chapter 7 bankruptcy unless the debtor can prove that he or she is not abusing the Chapter 7 bankruptcy remedy.

CCCS

See Consumer Credit Counseling Service.

DISCHARGE (OF DEBTS)

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

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.

FCBA

See Fair Credit Billing Act.

SETOFF

A claim made by someone who allegedly owes money, that the amount should be reduced because the other person owes him money. This is often raised in a countercl... (more...)

A claim made by someone who allegedly owes money, that the amount should be reduced because the other person owes him money. This is often raised in a counterclaim filed by a defendant in a lawsuit. Banks may try to exercise a setoff by taking money out of a deposit account to satisfy past due payments on a loan or credit card bill. Such an act is illegal under most circumstances.

CREDITOR

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

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.

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Alto Bankruptcy & Debt Lawyer, Michigan

Sponsored Law Firm

Marrs & Terry, PLLC

SPONSORED LAWYERS

C Mark Stoppels

Steven L. Williams

Lisa M. Feistritzer

Howard G. Van Den Heuvel

Larry A. Ver Merris

Larry A. Ver Merris

Anthony James Huspaska

Barbara Muller-Wilson

Edith A. Landman

Barbara A. Muller-Wilson

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LEGAL TERMS

LIMITED LIABILITY

PRESUMED ABUSE

CCCS

DISCHARGE (OF DEBTS)

NONPROFIT CORPORATION

FCBA

SETOFF

CREDITOR

C CORPORATION

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