Clarkston Bankruptcy & Debt Lawyer, Michigan

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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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Elizabeth Christine Ashton

Lawsuit & Dispute, Employment, Business, Bankruptcy & Debt

Status: In Good Standing Licensed: 20 Years

CONTACT

Clarkston, MI 48347

Elizabeth Christine Ashton

Lawsuit & Dispute, Employment, Business, Bankruptcy & Debt

Status: In Good Standing Licensed: 20 Years

CONTACT

Clarkston, MI 48347

Kyle J. Vonallmen

Real Estate, Bankruptcy & Debt

Status: In Good Standing Licensed: 30 Years

CONTACT

Clarkston, MI 48347

Larry D. Barnett

Civil Rights, Collection

Status: In Good Standing Licensed: 51 Years

CONTACT

5840 Lorac Dr, Clarkston, MI 48346

Michael C. Packard

Real Estate, Lawsuit & Dispute, Bankruptcy & Debt

Status: In Good Standing Licensed: 35 Years

CONTACT

Clarkston, MI 48347

David R. Shook

Contract, Business, Credit & Debt, Collection

Status: In Good Standing Licensed: 31 Years

CONTACT

6480 Citation Dr, Clarkston, MI 48346

Joseph G. Fabrizio

Real Estate, Lawsuit & Dispute, Business, Bankruptcy & Debt

Status: In Good Standing Licensed: 25 Years

CONTACT

5850 Lorac Dr, Clarkston, MI 48346

Timothy B. Myers

Litigation, Federal Appellate Practice, Consumer Bankruptcy, Real Estate

Status: In Good Standing Licensed: 26 Years

CONTACT

5799 S Main St, Clarkston, MI 48347

Laura L. Simons

Administrative Law, Limited Liability Companies, Business Organization, Credit & Debt

Status: In Good Standing Licensed: 39 Years

CONTACT

6696 Dixie Highway, Clarkston, MI 48346

James A. O'Toole

Immigration, Contract, Oil & Gas, Credit & Debt

Status: In Good Standing Licensed: 50 Years

CONTACT

6625 Pond View Rd, Clarkston, MI 48346

800-923-0641

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LEGAL TERMS

401(K) PLAN

A deferred compensation savings program in which employees invest part of their wages, sometimes along with employer contributions, to save on taxes. No income ... (more...)

A deferred compensation savings program in which employees invest part of their wages, sometimes along with employer contributions, to save on taxes. No income taxes on the amount invested and any earnings are due until the employee withdraws money from the fund.

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.

REPOSSESSION

A creditor's taking property that has been pledged as collateral for a loan. Lenders will most often repossess cars when the owner has missed loan payments and ... (more...)

A creditor's taking property that has been pledged as collateral for a loan. Lenders will most often repossess cars when the owner has missed loan payments and has not attempted to work with the lender to resolve the problem. A repossessor can't use force to get at your car, but he can legally hot-wire it and even drive it out of your unlocked garage.

SOLE PROPRIETORSHIP

A business owned and managed by one person (or for tax purposes, a husband and wife). For IRS purposes, a sole proprietor and her business are one tax entity, m... (more...)

A business owned and managed by one person (or for tax purposes, a husband and wife). For IRS purposes, a sole proprietor and her business are one tax entity, meaning that business profits are reported and taxed on the owner's personal tax return. Setting up a sole proprietorship is cheap and easy since no legal formation documents need be filed with any governmental agency (although tax registration and other permit and license requirements may still apply). Once you file a fictitious name statement (assuming you don't use your own name) and obtain any required basic tax permits and business licenses, you'll be in business. The main downside of a sole proprietorship is that its owner is personally liable for all business debts.

NO-FAULT INSURANCE

Car insurance laws that require the insurance companies of each person in an accident to pay for medical bills and lost wages of their insured, up to a certain ... (more...)

Car insurance laws that require the insurance companies of each person in an accident to pay for medical bills and lost wages of their insured, up to a certain amount, regardless of who was at fault. The effect of no-fault insurance laws is to eliminate lawsuits in small accidents. The advantage is the prompt payment of medical bills and expenses. The downsides are that the amounts paid by no-fault policies are often not enough to fully cover a person's losses and that no-fault does not compensate for pain and suffering.

AUTOMATIC STAY

An injunction automatically issued by the bankruptcy court when a debtor files for bankruptcy. The automatic stay prohibits most creditor collection activities,... (more...)

An injunction automatically issued by the bankruptcy court when a debtor files for bankruptcy. The automatic stay prohibits most creditor collection activities, such as filing or continuing lawsuits, making written requests for payment, or notifying credit reporting bureaus of an unpaid debt.

CREDIT INSURANCE

Insurance a lender requires a borrower to purchase to cover the loan. If the borrower dies or becomes disabled before paying off the loan, the policy will pay o... (more...)

Insurance a lender requires a borrower to purchase to cover the loan. If the borrower dies or becomes disabled before paying off the loan, the policy will pay off the remaining balance. Federal and state consumer protection laws require the lender to disclose to existing and potential borrowers the terms and costs of obtaining credit insurance because it can affect the terms of the loan.

TRADE NAME

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

LOSS DAMAGE WAIVER (LDW)

Rental car insurance that makes the rental car company responsible for damage to or theft of a rental car. This insurance is a major consumer ripoff, as it ofte... (more...)

Rental car insurance that makes the rental car company responsible for damage to or theft of a rental car. This insurance is a major consumer ripoff, as it often duplicates coverage provided by the renter's regular car insurance and/or the credit card she uses to rent the car. Nevertheless, hard-sell practices by rental car agents often dupe people into buying LDWs they don't really need. LDW is also called 'collision damage waiver.'

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Clarkston Bankruptcy & Debt Lawyer, Michigan

Sponsored Law Firm

Marrs & Terry, PLLC

SPONSORED LAWYERS

Elizabeth Christine Ashton

Elizabeth Christine Ashton

Kyle J. Vonallmen

Larry D. Barnett

Michael C. Packard

David R. Shook

Joseph G. Fabrizio

Timothy B. Myers

Laura L. Simons

James A. O'Toole

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LEGAL TERMS

401(K) PLAN

PRESUMED ABUSE

REPOSSESSION

SOLE PROPRIETORSHIP

NO-FAULT INSURANCE

AUTOMATIC STAY

CREDIT INSURANCE

TRADE NAME

LOSS DAMAGE WAIVER (LDW)

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