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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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Adam Daniel Bruski

Commercial Real Estate, International, Administrative Law, Business, Bankruptcy

Status: In Good Standing Licensed: 18 Years

CONTACT

715 East Main Street, Midland, MI 48640

Ann J. Horowitz

Health Care Other, Business, Reorganization, Employee Rights

Status: In Good Standing Licensed: 15 Years

CONTACT

4000 Wellness Dr, Midland, MI 48670

Anne M. Perillo

Divorce & Family Law, Bankruptcy & Debt

Status: In Good Standing Licensed: 42 Years

CONTACT

120 W. Harris Street, Cadillac, MI 49601

Anthony Charles Norman

Landlord-Tenant, Litigation, Contract, Credit & Debt

Status: In Good Standing

CONTACT

120 Cedar St, Big Rapids, MI 49307

Ashley R. Garchow

Landlord-Tenant, Federal Appellate Practice, Contract, Collection

Status: In Good Standing Licensed: 20 Years

CONTACT

300 Rodd Street, Midland, MI 48640

Becky J. Bolles

Wills & Probate, Estate, Divorce & Family Law, Corporate, Collection

Status: In Good Standing Licensed: 27 Years

CONTACT

300 S University Ave, Mount Pleasant, MI 48858

Brandon James Richardson

Estate Planning, Employee Rights, Elder Law, Consumer Bankruptcy

Status: In Good Standing Licensed: 14 Years

CONTACT

3114 Jefferson Ave, Midland, MI 48640

Bruce K. Havens

Lawsuit & Dispute, Bankruptcy & Debt

Status: In Good Standing Licensed: 39 Years

CONTACT

306 N Fancher Ave, Mount Pleasant, MI 48858

Christopher G. Komara

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

Status: In Good Standing Licensed: 21 Years

CONTACT

221 W. Wackerly Street, Midland, MI 48640

Corey J. Wiggins

Landlord-Tenant, Family Law, Business, Collection

Status: In Good Standing

CONTACT

437 E Division St, Cadillac, MI 49601

800-923-0641

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LEGAL TERMS

MEETING OF CREDITORS

A meeting held with the bankruptcy trustee about a month after you file for bankruptcy. You must attend. The trustee reviews your bankruptcy papers and asks a f... (more...)

A meeting held with the bankruptcy trustee about a month after you file for bankruptcy. You must attend. The trustee reviews your bankruptcy papers and asks a few questions. In a Chapter 7, the meeting of creditors lasts a few minutes and rarely do any creditors show up. In a Chapter 13 bankruptcy, one or two creditors may attend, especially if they disagree with some provision of your repayment plan.

BANKRUPTCY

A legal proceeding that relieves you of the responsibility of paying your debts or provides you with protection while attempting to repay your debts. There are ... (more...)

A legal proceeding that relieves you of the responsibility of paying your debts or provides you with protection while attempting to repay your debts. There are two types of bankruptcies -- liquidation, in which your debts are wiped out (discharged) and reorganization, in which you provide the court with a plan for how you intend to repay your debts. For both consumers and business, liquidation bankruptcy is called Chapter 7. For consumers, reorganization bankruptcy is called Chapter 13. Reorganization bankruptcy for consumers with an extraordinary amount of debt and for businesses is called Chapter 11. Reorganization bankruptcy for family farmers is called Chapter 12.

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).

CREDIT COUNSELING

Counseling that explores the possibility of repaying debts outside of bankruptcy and educates the debtor about credit, budgeting, and financial management. Unde... (more...)

Counseling that explores the possibility of repaying debts outside of bankruptcy and educates the debtor about credit, budgeting, and financial management. Under the new bankruptcy law, a debtor must undergo credit counseling with an approved provider before filing for bankruptcy.

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.

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.

IRS EXPENSES

A table of national and regional expense estimates published by the IRS. Debtors whose current monthly income is more than their state's median family income mu... (more...)

A table of national and regional expense estimates published by the IRS. Debtors whose current monthly income is more than their state's median family income must use the IRS expenses to calculate their average net income in a Chapter 7 case, or their disposable income in a Chapter 13 case.

CHAPTER 13 BANKRUPTCY

The reorganization bankruptcy for consumers, in which you partially or fully repay your debts. In Chapter 13 bankruptcy, you keep your property and use your inc... (more...)

The reorganization bankruptcy for consumers, in which you partially or fully repay your debts. In Chapter 13 bankruptcy, you keep your property and use your income to pay all or a portion of the debts over three to five years. The minimum amount you must pay is roughly equal to the value of your nonexempt property. In addition, you must pledge your disposable net income -- after subtracting reasonable expenses -- for the period during which you are making payments. At the end of the three-to five-year period, the balance of what you owe on most debts is erased.

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.

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Harrison Bankruptcy & Debt Lawyer, Michigan

Sponsored Law Firm

Marrs & Terry, PLLC

SPONSORED LAWYERS

Adam Daniel Bruski

Ann J. Horowitz

Anne M. Perillo

Anthony Charles Norman

Ashley R. Garchow

Becky J. Bolles

Brandon James Richardson

Bruce K. Havens

Christopher G. Komara

Corey J. Wiggins

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LEGAL TERMS

MEETING OF CREDITORS

BANKRUPTCY

CREDIT REPORT

CREDIT COUNSELING

HOUSEHOLDER

FAIR LABOR STANDARDS ACT (FLSA)

IRS EXPENSES

CHAPTER 13 BANKRUPTCY

S CORPORATION

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