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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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Phillips Brooks Hildner

Estate Planning, Family Law, Corporate, Bankruptcy

Status: In Good Standing Licensed: 54 Years

CONTACT

14165 N Fenton Rd, Fenton, MI 48430

Joseph N. Kuptz

Social Security, Elder Law, Contract, Business, Bankruptcy

Status: In Good Standing Licensed: 19 Years

CONTACT

12272 N Fenton Rd, Fenton, MI 48430

Zakary Anthony Drabczyk

Class Action, Commercial Bankruptcy, Products Liability, Personal Injury

Status: In Good Standing

CONTACT

1319 Georgetown Pkwy, Fenton, MI 48430

K.C. Baran

Estate Planning, Divorce, DUI-DWI, Bankruptcy

Status: In Good Standing

CONTACT

508 Silver Lake Rd., Fenton, MI 48430

K. C. Baran

Estate Planning, Criminal, Insurance, Reorganization

Status: In Good Standing

CONTACT

508 W Silver Lake Rd, Fenton, MI 48430

Joseph J. Abraham

Real Estate, Estate, Bankruptcy & Debt, Accident & Injury

Status: In Good Standing Licensed: 50 Years

CONTACT

503 N Leroy St, Fenton, MI 48430

Matthew J Abraham

Business, Bankruptcy, Personal Injury, Car Accident

Status: In Good Standing

FREE CONSULTATION

CONTACT

16237 Jennings Road, Fenton, MI 48430

Allan M. Darish

Bankruptcy & Debt, Real Estate, Estate, Power of Attorney

Status: In Good Standing Licensed: 40 Years

FREE CONSULTATION

CONTACT

110 Trealout Dr., Fenton, MI 48430

Alec Scott Gibbs

Military & Veterans Appeals, Employee Rights, Criminal, Civil Rights, Commercial Bankruptcy

Status: In Good Standing Licensed: 15 Years

CONTACT

717 S. Grand Traverse Street, Flint, MI 48502

Jamie Lauren Schonberg

Family Law, Criminal, Collection, Social Security

Status: In Good Standing Licensed: 10 Years

CONTACT

300 W 2Nd St, Flint, MI 48502

800-923-0641

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LEGAL TERMS

NO-FAULT INSURANCE

Car insurance laws that require the insurance companies of each person in an accident to pay for medical bills and lost wages of their insured, up to a certain ... (more...)

Car insurance laws that require the insurance companies of each person in an accident to pay for medical bills and lost wages of their insured, up to a certain amount, regardless of who was at fault. The effect of no-fault insurance laws is to eliminate lawsuits in small accidents. The advantage is the prompt payment of medical bills and expenses. The downsides are that the amounts paid by no-fault policies are often not enough to fully cover a person's losses and that no-fault does not compensate for pain and suffering.

SOLE PROPRIETORSHIP

A business owned and managed by one person (or for tax purposes, a husband and wife). For IRS purposes, a sole proprietor and her business are one tax entity, m... (more...)

A business owned and managed by one person (or for tax purposes, a husband and wife). For IRS purposes, a sole proprietor and her business are one tax entity, meaning that business profits are reported and taxed on the owner's personal tax return. Setting up a sole proprietorship is cheap and easy since no legal formation documents need be filed with any governmental agency (although tax registration and other permit and license requirements may still apply). Once you file a fictitious name statement (assuming you don't use your own name) and obtain any required basic tax permits and business licenses, you'll be in business. The main downside of a sole proprietorship is that its owner is personally liable for all business debts.

MEANS TEST

A formula that uses predefined income and expense categories to determine whether a debtor whose current monthly income is higher than the median family income ... (more...)

A formula that uses predefined income and expense categories to determine whether a debtor whose current monthly income is higher than the median family income for his or her state should be allowed to file for Chapter 7 bankruptcy.

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.

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.

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.

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.

FORBEARANCE

Voluntarily refraining from doing something, such as asserting a legal right. For example, a creditor may forbear on its right to collect a debt by temporarily ... (more...)

Voluntarily refraining from doing something, such as asserting a legal right. For example, a creditor may forbear on its right to collect a debt by temporarily postponing or reducing the borrower's payments.

WINDING UP

The process of paying off expenses and creditors, settling accounts, and collecting and distributing (to shareholders and owners) whatever assets then remain, a... (more...)

The process of paying off expenses and creditors, settling accounts, and collecting and distributing (to shareholders and owners) whatever assets then remain, all with the ultimate goal of liquidating or closing down a corporation or partnership.

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Gaines Bankruptcy & Debt Lawyer, Michigan

Sponsored Law Firm

Marrs & Terry, PLLC

SPONSORED LAWYERS

Phillips Brooks Hildner

Joseph N. Kuptz

Zakary Anthony Drabczyk

K.C. Baran

K. C. Baran

Joseph J. Abraham

Matthew J Abraham

Allan M. Darish

Alec Scott Gibbs

Jamie Lauren Schonberg

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LEGAL TERMS

NO-FAULT INSURANCE

SOLE PROPRIETORSHIP

MEANS TEST

SUBROGATION

BANKRUPTCY

ACCORD AND SATISFACTION

GUARANTOR

FORBEARANCE

WINDING UP

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