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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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Thomas James Stanis

Construction, Family Law, Contract, Collection

Status: In Good Standing Licensed: 11 Years

CONTACT

5213 Bordman Rd, Dryden, MI 48428

Ryan L. Westbrook

Divorce & Family Law, Criminal, Credit & Debt, Bankruptcy & Debt

Status: In Good Standing Licensed: 15 Years

CONTACT

117 S Main St, Almont, MI 48003

Scott L. Mazey

Bankruptcy & Debt, Divorce & Family Law, Criminal, Estate, Real Estate

Status: In Good Standing Licensed: 31 Years

CONTACT

117 S Main St, Almont, MI 48003

Michael J. Nolan

Criminal, Limited Liability Companies, Business, Bankruptcy

Status: In Good Standing Licensed: 36 Years

CONTACT

4000 S Oak St, Metamora, MI 48455

Collene K. Corcoran

Immigration, Government, Business, Bankruptcy & Debt

Status: In Good Standing Licensed: 37 Years

CONTACT

Oxford, MI 48371

Samuel D. Sweet

Government, Employment, Business, Bankruptcy & Debt

Status: In Good Standing Licensed: 31 Years

CONTACT

52 E Burdick St, Oxford, MI 48371

Lori L. Paese

Military, Estate, Divorce & Family Law, Collection

Status: In Good Standing Licensed: 25 Years

CONTACT

14 N Washington St, Oxford, MI 48371

Mark A. Leichliter

Estate Planning, Employee Rights, Elder Law, Consumer Bankruptcy

Status: In Good Standing Licensed: 16 Years

CONTACT

110 N Saginaw St, Lapeer, MI 48446

Kristina L. Frew

Bankruptcy & Debt, Elder Law, Trusts, Real Estate, Credit & Debt

Status: In Good Standing

CONTACT

301 W Genesee St, Lapeer, MI 48446

Paul T. Walton

Litigation, Lawsuit & Dispute, Criminal, Collection

Status: In Good Standing Licensed: 33 Years

CONTACT

255 Clay St, Lapeer, MI 48446

800-923-0641

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LEGAL TERMS

NONEXEMPT PROPERTY

The property you risk losing to your creditors when you file a Chapter 7 bankruptcy or when a creditor sues you and wins a judgment. Nonexempt property typicall... (more...)

The property you risk losing to your creditors when you file a Chapter 7 bankruptcy or when a creditor sues you and wins a judgment. Nonexempt property typically includes valuable clothing (furs) and electronic equipment, an expensive car that's been paid off and most of the equity in your house. Compare exempt property.

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.

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.

TRADE NAME

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

TRUTH IN LENDING ACT (TILA)

A federal law that requires credit and charge card companies to disclose interest rates and other information about an account. It also requires lenders to disc... (more...)

A federal law that requires credit and charge card companies to disclose interest rates and other information about an account. It also requires lenders to disclose the terms of a loan, including the total amount of the loan, the annual interest rate and the number, amount and due dates of all payments necessary to repay the loan. The TILA requires additional disclosures and places many restrictions on mortgages.

FAIR CREDIT BILLING ACT (FCBA)

A federal law that gives you rights when an error occurs on your credit card statement. You must notify the credit card company of the mistake within 60 days af... (more...)

A federal law that gives you rights when an error occurs on your credit card statement. You must notify the credit card company of the mistake within 60 days after it mailed the bill to you. The company must then correct the mistake, or at least acknowledge receipt of your letter within 30 days, and must correct the error within 90 days or explain why it believes the credit card statement is correct.

GENERAL PARTNER

A person who joins with at least one other to own and operate a business for profit -- and who (unlike a corporation's owners), is personally liable for all the... (more...)

A person who joins with at least one other to own and operate a business for profit -- and who (unlike a corporation's owners), is personally liable for all the business's debts and obligations. A general partner's actions can legally bind the entire business. See also partnership, limited partnership.

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.

ACCORD AND SATISFACTION

An agreement to settle a contract dispute by accepting less than what's due. This procedure is often used by creditors who want to cut their losses by collectin... (more...)

An agreement to settle a contract dispute by accepting less than what's due. This procedure is often used by creditors who want to cut their losses by collecting as much money as they can from debtors who cannot pay the full amount.

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Dryden Bankruptcy & Debt Lawyer, Michigan

Sponsored Law Firm

Marrs & Terry, PLLC

SPONSORED LAWYERS

Thomas James Stanis

Ryan L. Westbrook

Scott L. Mazey

Michael J. Nolan

Collene K. Corcoran

Samuel D. Sweet

Lori L. Paese

Mark A. Leichliter

Kristina L. Frew

Paul T. Walton

TIPS

LEGAL TERMS

NONEXEMPT PROPERTY

S CORPORATION

FRAUDULENT TRANSFER

TRADE NAME

TRUTH IN LENDING ACT (TILA)

FAIR CREDIT BILLING ACT (FCBA)

GENERAL PARTNER

FRATERNAL BENEFIT SOCIETY BENEFITS

ACCORD AND SATISFACTION

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