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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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Jon Dallas Stratman

Bankruptcy, Bankruptcy & Debt

Status: In Good Standing

CONTACT

866 3 Mile Road, N.W., Grand Rapids, MI 49544

Patricia L. Linscott

Native People, Administrative Law, Business, Consumer Bankruptcy

Status: In Good Standing Licensed: 32 Years

CONTACT

1819 Grand River Dr Ne, Ada, MI 49301

Haley Ellen Clough

Immigration, Contract, Collection, Personal Injury

Status: In Good Standing Licensed: 8 Years

CONTACT

6396 Bentley Drive, Belmont, MI 49306

Harold P. Henkel

Estate Planning, Civil & Human Rights, Collection, Products Liability

Status: In Good Standing Licensed: 45 Years

CONTACT

Belmont, MI 49306

Barry C. Lemmen

Social Security, Government, Family Law, Consumer Bankruptcy

Status: In Good Standing Licensed: 22 Years

CONTACT

274 Main St, Coopersville, MI 49404

Michael Lee Deyoung

Motor Vehicle, Divorce & Family Law, Criminal, Bankruptcy & Debt

Status: In Good Standing Licensed: 19 Years

CONTACT

690 Ridgefield Ct, Coopersville, MI 49404

Beth Ann Riffe

Agriculture, Labor Law, Administrative Law, Consumer Bankruptcy

Status: In Good Standing Licensed: 13 Years

CONTACT

886 East Street, Coopersville, MI 49404

Mark C. Miller

Employee Rights, Contract, Credit & Debt, Personal Injury

Status: In Good Standing Licensed: 19 Years

CONTACT

20 E Main St, Fremont, MI 49412

Lindsey Ann Barkow

Estate, Divorce & Family Law, Business, Bankruptcy & Debt

Status: In Good Standing Licensed: 10 Years

CONTACT

8 E Main St, Fremont, MI 49412

Robert A. Stariha

Other, Estate Planning, Consumer Bankruptcy, Medical Malpractice

Status: In Good Standing Licensed: 46 Years

CONTACT

48 W Main St, Fremont, MI 49412

800-923-0641

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LEGAL TERMS

COLLATERAL

Property that guarantees payment of a secured debt.

FORBEARANCE

Voluntarily refraining from doing something, such as asserting a legal right. For example, a creditor may forbear on its right to collect a debt by temporarily ... (more...)

Voluntarily refraining from doing something, such as asserting a legal right. For example, a creditor may forbear on its right to collect a debt by temporarily postponing or reducing the borrower's payments.

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.

REAFFIRMATION

An agreement that a debtor and a creditor enter into after a debtor has filed for bankruptcy, in which the debtor agrees to repay all or part of an existing deb... (more...)

An agreement that a debtor and a creditor enter into after a debtor has filed for bankruptcy, in which the debtor agrees to repay all or part of an existing debt after the bankruptcy case is over. For instance, a debtor might make a reaffirmation agreement with the holder of a car note that the debtor can keep the car and must continue to pay the debt after bankruptcy.

FDCPA

See Fair Debt Collections & Practices Act.

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.

HOUSEHOLDER

A person who supports and maintains a household, with or without other people. In bankruptcy law, a householder, housekeeper or head of household can claim a ho... (more...)

A person who supports and maintains a household, with or without other people. In bankruptcy law, a householder, housekeeper or head of household can claim a homestead exemption and possibly other exemptions relating to the maintenance of the household.

PROCEEDS FOR DAMAGED EXEMPT PROPERTY

In a bankruptcy proceeding, money collected through insurance, arbitration, mediation, settlement or a lawsuit to pay for exempt property that's no longer exemp... (more...)

In a bankruptcy proceeding, money collected through insurance, arbitration, mediation, settlement or a lawsuit to pay for exempt property that's no longer exemptible because it has been damaged or destroyed.

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.

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Bailey Bankruptcy & Debt Lawyer, Michigan

Sponsored Law Firm

Marrs & Terry, PLLC

SPONSORED LAWYERS

Jon Dallas Stratman

Patricia L. Linscott

Haley Ellen Clough

Harold P. Henkel

Barry C. Lemmen

Michael Lee Deyoung

Beth Ann Riffe

Mark C. Miller

Lindsey Ann Barkow

Robert A. Stariha

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LEGAL TERMS

COLLATERAL

FORBEARANCE

FAIR LABOR STANDARDS ACT (FLSA)

REAFFIRMATION

FDCPA

S CORPORATION

HOUSEHOLDER

PROCEEDS FOR DAMAGED EXEMPT PROPERTY

BULK SALES LAW

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