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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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Charles A. Gilfeather

Traffic, Workers' Compensation, Child Custody, Bankruptcy

Status: In Good Standing Licensed: 48 Years

CONTACT

Northport, MI 49670

Kirk D. Hornburg

Lawsuit & Dispute, Biotechnology, Bankruptcy & Debt

Status: In Good Standing Licensed: 26 Years

CONTACT

3915 Smokey Ridge Rd, Traverse City, MI 49686

Linda C. Scheuerman

Real Estate, Government, Bankruptcy & Debt, Agriculture

Status: In Good Standing Licensed: 40 Years

CONTACT

16975 Peninsula Dr, Traverse City, MI 49686

Wanda S. Losher

Collection, Divorce & Family Law, Estate, Criminal

Status: In Good Standing Licensed: 10 Years

CONTACT

East Jordan, MI 49727

Donald E. Hacker

Bankruptcy & Debt, Bankruptcy, Foreclosure, Estate Planning

Status: Inactive Licensed: 45 Years

CONTACT

Suttons Bay, MI 49682

Donald Edward Hacker

Estate Planning, Foreclosure, Bankruptcy

Status: In Good Standing

CONTACT

Suttons Bay, MI 49682

Jamie A. Thomas

Collection

Status: In Good Standing Licensed: 43 Years

CONTACT

02855 Hemlock Trail, Boyne City, MI 49712

Tristan James Chamberlain

Other, Criminal, Collection, Biotechnology

Status: In Good Standing Licensed: 10 Years

CONTACT

8527 E Government Center Dr, Suttons Bay, MI 49682

Peter J. Lyons

Criminal, Collection, Freedom of Religion

Status: In Good Standing Licensed: 49 Years

CONTACT

812 Douglas St, Boyne City, MI 49712

Daniel S. Gerow

Estate Planning, Family Law, Criminal, Bankruptcy

Status: In Good Standing

CONTACT

1110 Stonecliff, Boyne City, MI 49712

800-923-0641

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LEGAL TERMS

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.

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.

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.

CREDITOR

A person or entity (such as a bank) to whom a debt is owed.

GARNISHMENT

A court-ordered process that takes property from a person to satisfy a debt. For example, a person who owes money to a creditor may have her wages garnished if ... (more...)

A court-ordered process that takes property from a person to satisfy a debt. For example, a person who owes money to a creditor may have her wages garnished if she loses a lawsuit filed by the creditor. Up to 25% of a person's wages can be deducted.

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.

WORKOUT

A debtor's plan to take care of a debt, by paying it off or through loan forgiveness. Workouts are often created to avoid bankruptcy or foreclosure proceedings.

COLLECTION AGENCY

A company hired by a creditor to collect a debt that it is owed. Creditors typically hire a collection agency only after they have made efforts to collect the d... (more...)

A company hired by a creditor to collect a debt that it is owed. Creditors typically hire a collection agency only after they have made efforts to collect the debt themselves, typically through letters (called 'dunning' letters) and telephone calls. Collection agencies are regulated by the federal Fair Debt Collection Practices Act. Unfortunately, too many collectors ignore this law.

UNSECURED DEBT

A debt that is not tied to any item of property. A creditor doesn't have the right to grab property to satisfy the debt if you default. The creditor's only reme... (more...)

A debt that is not tied to any item of property. A creditor doesn't have the right to grab property to satisfy the debt if you default. The creditor's only remedy is to sue you and get a judgment. Compare secured debt.

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Eastport Bankruptcy & Debt Lawyer, Michigan

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Marrs & Terry, PLLC

SPONSORED LAWYERS

Charles A. Gilfeather

Kirk D. Hornburg

Linda C. Scheuerman

Wanda S. Losher

Donald E. Hacker

Donald Edward Hacker

Jamie A. Thomas

Tristan James Chamberlain

Peter J. Lyons

Daniel S. Gerow

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LEGAL TERMS

S CORPORATION

UNDUE HARDSHIP

REPOSSESSION

CREDITOR

GARNISHMENT

FAIR LABOR STANDARDS ACT (FLSA)

WORKOUT

COLLECTION AGENCY

UNSECURED DEBT

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