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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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Christopher G. Bovid

Corporate, Banking & Finance, Bankruptcy Litigation, Bankruptcy

Status:

FREE CONSULTATION

CONTACT

915 North Michigan Avenue, Howell, MI 48843

Amanda Longendyke

Class Action, Credit & Debt, Consumer Bankruptcy, Civil Rights

Status: Licensed: 11 Years

CONTACT

5213 Universe Ave, Howell, MI 48843

Christine Marie Heckler

Divorce, Contract, Credit & Debt, Defamation & Slander

Status:

CONTACT

124 N State St, Howell, MI 48843

Daniel James Duchene

Municipal, Family Law, Contract, Collection

Status: Licensed: 11 Years

CONTACT

204 S Highlander Way, Howell, MI 48843

David T. Bittner

Divorce, Contract, Collection, Personal Injury

Status: Licensed: 33 Years

CONTACT

710 E Grand River Ave, Howell, MI 48843

David E. Prine

Accident & Injury, Divorce, Divorce & Family Law, Bankruptcy

Status: Licensed: 38 Years

CONTACT

2130 W Grand River Ave, Howell, MI 48843

David J. Reader

Litigation, Family Law, Criminal, Collection

Status: Licensed: 48 Years

CONTACT

204 S Highlander Way, Howell, MI 48843

Elizabeth A. Hundley

Estate, Religious Discrimination, Business, Bankruptcy & Debt

Status: Licensed: 25 Years

CONTACT

200 E Grand River Ave, Howell, MI 48843

Jon Luker

Veterans' Affairs, Criminal, Consumer Bankruptcy

Status: Licensed: 35 Years

CONTACT

3235 Pingree Rd, Howell, MI 48843

Joshua Douglas Kaplow

Commercial Real Estate, Real Estate, Collection, Bankruptcy & Debt

Status: Licensed: 19 Years

CONTACT

2081 Blackstone Ln, Howell, MI 48843

800-814-6700

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LEGAL TERMS

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.

DISCHARGE (OF DEBTS)

A bankruptcy court's erasure of the debts of a person or business that has filed for bankruptcy.

PREFERENCE

A payment made by a debtor to a creditor within a defined period prior to filing for bankruptcy -- within three months for arms-length creditors (regular commer... (more...)

A payment made by a debtor to a creditor within a defined period prior to filing for bankruptcy -- within three months for arms-length creditors (regular commercial creditors) and within one year for insider creditors (friends, family members, and business associates). Because a preference gives the creditor who received the payment an edge over other creditors in the bankruptcy case, the trustee can recover the preference (the amount of the payment) and distribute it among all of the creditors.

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.

PRIORITY DEBT

A type of debt that is paid first if there are distributions made from the bankruptcy estate in a Chapter 7 bankruptcy, and must be paid in full in a Chapter 13... (more...)

A type of debt that is paid first if there are distributions made from the bankruptcy estate in a Chapter 7 bankruptcy, and must be paid in full in a Chapter 13 bankruptcy. Priority debts include alimony and child support, fees owed to the trustee and the attorney in the bankruptcy case, and wages owed to employees.

NONPROFIT CORPORATION

A legal structure authorized by state law allowing people to come together to either benefit members of an organization (a club, or mutual benefit society) or f... (more...)

A legal structure authorized by state law allowing people to come together to either benefit members of an organization (a club, or mutual benefit society) or for some public purpose (such as a hospital, environmental organization or literary society). Nonprofit corporations, despite the name, can make a profit, but the business cannot be designed primarily for profit-making purposes, and the profits must be used for the benefit of the organization or purpose the corporation was created to help. When a nonprofit corporation dissolves, any remaining assets must be distributed to another nonprofit, not to board members. As with for-profit corporations, directors of nonprofit corporations are normally shielded from personal liability for the organization's debts. Some nonprofit corporations qualify for a federal tax exemption under _ 501(c)(3) of the Internal Revenue Code, with the result that contributions to the nonprofit are tax deductible by their donors.

CHAPTER 13 PLAN

A document filed in a Chapter 13 bankruptcy in which the debtor shows how all of his or her disposable income will be used over a three- to five-year period to ... (more...)

A document filed in a Chapter 13 bankruptcy in which the debtor shows how all of his or her disposable income will be used over a three- to five-year period to pay all mandatory debts -- for example, back child support, taxes, and mortgage arrearages -- as well as some or all unsecured, nonpriority debts, such as medical and credit card bills.

ADMINISTRATIVE EXPENSES

The trustee's fee, the debtor's attorney fees, and other costs of bringing a bankruptcy case that a debtor must pay in full in a Chapter 13 repayment plan. Admi... (more...)

The trustee's fee, the debtor's attorney fees, and other costs of bringing a bankruptcy case that a debtor must pay in full in a Chapter 13 repayment plan. Administrative costs are typically 10% of the debtor's total payments under the plan.

CYBERSQUATTING

Buying a domain name that reflects the name of a business or famous person with the intent of selling the name back to the business or celebrity for a profit. T... (more...)

Buying a domain name that reflects the name of a business or famous person with the intent of selling the name back to the business or celebrity for a profit. The Anticybersquatting Consumer Protection Act of 1999 authorizes a cybersquatting victim to file a federal lawsuit to regain a domain name or sue for financial compensation. Under the act, registering, selling or using a domain name with the intent to profit from someone else's good name is considered cybersquatting. Victims of cybersquatting can also use the provisions of the Uniform Domain Name Dispute Resolution Policy adopted by ICANN, an international tribunal administering domain names. This international policy results in arbitration of the dispute, not litigation.

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Fowlerville Bankruptcy & Debt Lawyer, Michigan

Sponsored Law Firm

Marrs & Terry, PLLC

SPONSORED LAWYERS

Christopher G. Bovid

Amanda Longendyke

Christine Marie Heckler

Daniel James Duchene

David T. Bittner

David E. Prine

David J. Reader

Elizabeth A. Hundley

Jon Luker

Joshua Douglas Kaplow

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LEGAL TERMS

SUBROGATION

DISCHARGE (OF DEBTS)

PREFERENCE

401(K) PLAN

PRIORITY DEBT

NONPROFIT CORPORATION

CHAPTER 13 PLAN

ADMINISTRATIVE EXPENSES

CYBERSQUATTING

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