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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

Bryan Reeder

Trusts, Family Law, Administrative Law, Bankruptcy

Status: In Good Standing

CONTACT

124 Fulton St E, Grand Rapids, MI 49503

Robert E. Lee Wright

Contract, Bankruptcy, Wrongful Death, Employee Rights

Status: In Good Standing Licensed: 44 Years

CONTACT

25 Division Ave S, Grand Rapids, MI 49503

Todd Almassian

Foreclosure, International Tax, Bankruptcy, Bankruptcy & Debt

Status: In Good Standing

CONTACT

230 East Fulton Street, Grand Rapids, MI 49503

Karen M. Tjapkes

Other, Federal Appellate Practice, Consumer Rights, Consumer Bankruptcy

Status: In Good Standing Licensed: 24 Years

CONTACT

25 Division Ave South, Grand Rapids, MI 49503

Amanda Pilar Narvaes

Lawsuit & Dispute, Divorce, Business, Consumer Bankruptcy

Status: In Good Standing

CONTACT

80 Ottawa Ave Nw, Grand Rapids, MI 49503

Thomas V. Hubbard

Litigation, Immigration, Business, Consumer Bankruptcy

Status: In Good Standing

CONTACT

80 Ottawa Ave Nw, Grand Rapids, MI 49503

John E. Anding

Litigation, Lawsuit & Dispute, Federal, Business, Consumer Bankruptcy

Status: In Good Standing

CONTACT

80 Ottawa Avenue, Nw, Grand Rapids, MI 49503

Harold E. Nelson

Real Estate, Banking & Finance, Credit & Debt, Bankruptcy

Status: In Good Standing Licensed: 47 Years

CONTACT

55 Campau Ave Nw, Grand Rapids, MI 49503

Matthew Thomas Berry

Workers' Compensation, Contract, Bankruptcy, Defamation & Slander

Status: In Good Standing Licensed: 10 Years

CONTACT

146 Monroe Center St Nw, Grand Rapids, MI 49503

Denise D. Twinney

Business, Credit & Debt, Bankruptcy, Bankruptcy & Debt

Status: In Good Standing

CONTACT

300 Ottawa Ave Nw, Grand Rapids, MI 49503

800-923-0641

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LEGAL TERMS

DEBT COLLECTOR

A person who works in the in-house collections department of an original creditor or a collection agency to track down debtors and get them to pay what they owe... (more...)

A person who works in the in-house collections department of an original creditor or a collection agency to track down debtors and get them to pay what they owe. Debt collectors can be relentless, often using scare tactics, humiliation and repeated phone calls to extract payments or promises to pay.

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.

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.

FRATERNAL BENEFIT SOCIETY BENEFITS

These are benefits, often group life insurance, paid for by fraternal societies to their members. Elks, Masons or Knights of Columbus are common fraternal socie... (more...)

These are benefits, often group life insurance, paid for by fraternal societies to their members. Elks, Masons or Knights of Columbus are common fraternal societies that provide benefits. Also called benefit society, benevolent society or mutual aid association benefits. Under bankruptcy laws, these benefits are virtually always considered exempt property.

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.'

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.

UNDUE HARDSHIP

The circumstances in which a debtor may discharge a student loan in bankruptcy. For example, a debtor who has no income and little chance of earning enough in t... (more...)

The circumstances in which a debtor may discharge a student loan in bankruptcy. For example, a debtor who has no income and little chance of earning enough in the future to pay off the loan may be able to show that repayment would be an undue hardship.

CHAPTER 7 BANKRUPTCY

The most familiar type of bankruptcy, in which many or all of your debts are wiped out completely in exchange for giving up your nonexempt property. Chapter 7 b... (more...)

The most familiar type of bankruptcy, in which many or all of your debts are wiped out completely in exchange for giving up your nonexempt property. Chapter 7 bankruptcy takes from three to six months, costs about $200, and commonly requires only one trip to the courthouse.

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.

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Grand Rapids Bankruptcy Lawyer, Michigan, page 2

Sponsored Law Firm

Marrs & Terry, PLLC

SPONSORED LAWYERS

Bryan Reeder

Robert E. Lee Wright

Todd Almassian

Karen M. Tjapkes

Amanda Pilar Narvaes

Thomas V. Hubbard

John E. Anding

Harold E. Nelson

Matthew Thomas Berry

Denise D. Twinney

TIPS

LEGAL TERMS

DEBT COLLECTOR

AUTOMATIC STAY

C CORPORATION

FRATERNAL BENEFIT SOCIETY BENEFITS

LOSS DAMAGE WAIVER (LDW)

SOLE PROPRIETORSHIP

UNDUE HARDSHIP

CHAPTER 7 BANKRUPTCY

FORBEARANCE

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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