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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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Daniel Carmen Dicicco

Foreclosure, Bankruptcy

Status: In Good Standing

CONTACT

23400 Michigan Ave, Dearborn, MI 48124

Sheena L. Majors

Bankruptcy & Debt, Divorce & Family Law, Real Estate

Status: In Good Standing Licensed: 27 Years

CONTACT

26300 Ford Rd, Dearborn Heights, MI 48127

Kelli C.C. Meeks

Real Estate, Consumer Bankruptcy, Bankruptcy, Bankruptcy & Debt

Status: In Good Standing

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455 E Eisenhower Pkwy, Ann Arbor, MI 48108

Richard L. Banta

Medical Products & Devices, Divorce, Discrimination, Credit & Debt

Status: In Good Standing Licensed: 38 Years

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78 Forest St, River Rouge, MI 48218

William L. Orlewicz

Federal Appellate Practice, Criminal, Business, Collection

Status: In Good Standing Licensed: 13 Years

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1 Parklane Blvd, Dearborn, MI 48126

Michael Ian Tinney

Criminal, Collection

Status: In Good Standing Licensed: 11 Years

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22190 Garrison St, Dearborn, MI 48124

Zakaria M. Mahdi

Bankruptcy & Debt, Bankruptcy, Consumer Bankruptcy, Consumer Bankruptcy

Status: In Good Standing Licensed: 17 Years

CONTACT

1 Parklane Blvd, Dearborn, MI 48126

Rebekah Lee Chor

Consumer Bankruptcy, Bankruptcy, Bankruptcy & Debt

Status: In Good Standing Licensed: 13 Years

CONTACT

3319 Greenfield Rd, Dearborn, MI 48120

Jack F. Simms

Criminal, Collection

Status: In Good Standing Licensed: 46 Years

CONTACT

878 N Ann Arbor St, Saline, MI 48176

Donnelly W. Hadden

Environmental Law, Consumer Rights, Consumer Bankruptcy, Accident & Injury

Status: In Good Standing Licensed: 63 Years

CONTACT

2002 Bancroft Dr, Ann Arbor, MI 48108

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.

CREDIT REPORT

An account of your credit history, prepared by a credit bureau. A credit report will contain both credit history, such as what you owe to whom and whether you m... (more...)

An account of your credit history, prepared by a credit bureau. A credit report will contain both credit history, such as what you owe to whom and whether you make the payments on time, as well as personal history, such as your former addresses, employment record and lawsuits in which you have been involved. An estimated 50% of all credit reports contain errors, such as accounts that don't belong to you, an incorrect account status or information reported that is older than seven years (ten years in the case of a bankruptcy).

TRADE NAME

The official name of a business, the one it uses on its letterhead and bank account when not dealing with consumers.

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.

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.

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.

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.

GRACE PERIOD

A period of time during which you are not required to make payments on a debt. For example, most credit cards give you a grace period of 20-30 days before you h... (more...)

A period of time during which you are not required to make payments on a debt. For example, most credit cards give you a grace period of 20-30 days before you have to pay interest on the amount of your purchases. Cash advances, however, usually have no grace period; interest begins to accumulate from the date of the withdrawal, even if you pay your bills on time. Also, some student loans give you a grace period after graduating or dropping out of school. During this time, you are not required to make payments on your loan.

DISCHARGE (OF DEBTS)

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

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Carleton Bankruptcy & Debt Lawyer, Michigan, page 5

Sponsored Law Firm

Marrs & Terry, PLLC

SPONSORED LAWYERS

Daniel Carmen Dicicco

Sheena L. Majors

Kelli C.C. Meeks

Richard L. Banta

William L. Orlewicz

Michael Ian Tinney

Zakaria M. Mahdi

Rebekah Lee Chor

Jack F. Simms

Donnelly W. Hadden

TIPS

LEGAL TERMS

NONPROFIT CORPORATION

CREDIT REPORT

TRADE NAME

MEANS TEST

FORBEARANCE

C CORPORATION

FRAUDULENT TRANSFER

GRACE PERIOD

DISCHARGE (OF DEBTS)

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