Charlevoix County, MI Credit & Debt Lawyers

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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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Jodi J. Doak

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Estate, Traffic, Criminal, Divorce & Family Law

Mrs. Doak graduated from Thomas Cooley Law School in 2001 as the most decorated student in the school’s history, tying for 5th highest GPA in the sc... (more)

CONTACT

231-582-0712

219 E. Main Street, Boyne City, MI 49712

Thomas B. Darnton

Commercial Real Estate, Real Estate, Mediation, Administrative Law

Status: In Good Standing Licensed: 53 Years

CONTACT

203 Mason St, Bay Shore, MI 49720

Wanda S. Losher

Collection, Divorce & Family Law, Estate, Criminal

Status: In Good Standing Licensed: 11 Years

CONTACT

East Jordan, MI 49727

Ellis Boal

Labor Law, Employment, Native People, Civil & Human Rights

Status: In Good Standing Licensed: 52 Years

CONTACT

9330 Woods Rd, Bay Shore, MI 49720

Harry K. Golski

Estate, Real Estate

Status: In Good Standing Licensed: 49 Years

CONTACT

203 Mason St, Charlevoix, MI 49720

Richard E. Joseph

Estate Planning, Discrimination, Contract, Personal Injury

Status: In Good Standing Licensed: 38 Years

CONTACT

203 Mason St, Bay Shore, MI 49720

David L. Campbell

Other, Real Estate, Licensing, Administrative Law

Status: In Good Standing Licensed: 52 Years

CONTACT

309 Petoskey Ave, Bay Shore, MI 49720

Christopher T. Turkelson

Family Law, Divorce & Family Law, Criminal

Status: In Good Standing Licensed: 27 Years

CONTACT

213 Nettleton St, Bay Shore, MI 49720

Peter J. Lyons

Criminal, Collection, Freedom of Religion

Status: In Good Standing Licensed: 49 Years

CONTACT

812 Douglas St, Boyne City, MI 49712

Allen R. Telgenhof

Litigation, Criminal

Status: In Good Standing Licensed: 35 Years

CONTACT

301 State St, Bay Shore, MI 49720

800-923-0641

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LEGAL TERMS

LIMITED PARTNERSHIP

A business structure that allows one or more partners (called limited partners) to enjoy limited personal liability for partnership debts while another partner ... (more...)

A business structure that allows one or more partners (called limited partners) to enjoy limited personal liability for partnership debts while another partner or partners (called general partners) have unlimited personal liability. The key difference between a general and limited partner concerns management decision making--general partners run the business, and limited partners, who are usually passive investors, are not allowed to make day-to-day business decisions. If they do, they risk being treated as general partners with unlimited personal liability.

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.

SUBROGATION

A taking on of the legal rights of someone whose debts or expenses have been paid. For example, subrogation occurs when an insurance company that has paid off i... (more...)

A taking on of the legal rights of someone whose debts or expenses have been paid. For example, subrogation occurs when an insurance company that has paid off its injured claimant takes the legal rights the claimant has against a third party that caused the injury, and sues that third party.

GUARANTOR

A person who makes a legally binding promise to either pay another person's debt or perform another person's duty if that person defaults or fails to perform. T... (more...)

A person who makes a legally binding promise to either pay another person's debt or perform another person's duty if that person defaults or fails to perform. The guarantor gives a 'guaranty,' which is an assurance that the debt or other obligation will be fulfilled.

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.

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.

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.

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.

CURRENT MONTHLY INCOME

As defined by the new bankruptcy law, a bankruptcy filer's total gross income (whether taxable or not), averaged over the six-month period immediately preceding... (more...)

As defined by the new bankruptcy law, a bankruptcy filer's total gross income (whether taxable or not), averaged over the six-month period immediately preceding the bankruptcy filing. The debtor's current monthly income is used to determine whether the debtor can file for Chapter 7 bankruptcy, among other things.

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Charlevoix County, MI Credit & Debt Lawyers

Sponsored Law Firm

Marrs & Terry, PLLC

SPONSORED LAWYERS

Jodi J. Doak

Thomas B. Darnton

Wanda S. Losher

Ellis Boal

Harry K. Golski

Richard E. Joseph

David L. Campbell

Christopher T. Turkelson

Peter J. Lyons

Allen R. Telgenhof

TIPS

LEGAL TERMS

LIMITED PARTNERSHIP

FRAUDULENT TRANSFER

SUBROGATION

GUARANTOR

401(K) PLAN

CREDIT COUNSELING

FAIR LABOR STANDARDS ACT (FLSA)

BULK SALES LAW

CURRENT MONTHLY INCOME

SAMPLE LEGAL CASES

New Freedom Mtg. Corp. v. Globe Mtg. Corp.

Barth v. FIRST CONSUMER CREDIT, INC.

CHARTER ONE BANK NA v. JP Morgan Chase Bank, NA

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