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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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Raymond J. Pater

Family Law, Divorce & Family Law, Collection

Status: In Good Standing Licensed: 41 Years

CONTACT

704 Michigan Ave, Holland, MI 49423

Sorin Panainte

Collection, Criminal

Status: In Good Standing Licensed: 3 Years

CONTACT

12185 James St, Holland, MI 49424

Wayne Patrick Kolehouse

Juvenile Law, Domestic Violence & Neglect, Criminal, Credit & Debt

Status: In Good Standing Licensed: 9 Years

CONTACT

12185 James St, Holland, MI 49424

Anita K. Nyhuis

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

Status: In Good Standing

CONTACT

1008 Maplewood Ct, Holland, MI 49423

Diane Lynn Mancinelli

Litigation, Employee Rights, Corporate, Credit & Debt

Status: In Good Standing Licensed: 41 Years

CONTACT

430 E. 8Th Street, Holland, MI 49423

Craig Thomas Jackson

Bankruptcy & Debt

Status: In Good Standing Licensed: 12 Years

CONTACT

11790 Jonker Way, Holland, MI 49424

Jessica Arends

Estate Planning, Employee Rights, Elder Law, Consumer Bankruptcy, Trusts

Status: In Good Standing

CONTACT

Holland, MI 49422

Denise Linn Nestel

Construction, Divorce & Family Law, DUI-DWI, Collection

Status: In Good Standing Licensed: 33 Years

CONTACT

112 Greenhill Dr, Holland, MI 49424

Kimberly Kolenbrander Mauer

Estate Planning, Estate, Banking & Finance, Commercial Bankruptcy

Status: In Good Standing Licensed: 41 Years

CONTACT

330 Roosevelt Ave, Holland, MI 49424

David Stempfly

Bankruptcy

Status: In Good Standing Licensed: 29 Years

CONTACT

314 N 120Th Ave, Holland, MI 49424

800-923-0641

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LEGAL TERMS

FCRA

See Fair Credit Reporting Act.

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.

CREDIT BUREAU

A private, profit-making company that collects and sells information about a person's credit history. Typical clients include banks, mortgage lenders and credit... (more...)

A private, profit-making company that collects and sells information about a person's credit history. Typical clients include banks, mortgage lenders and credit card companies that use the information to screen applicants for loans and credit cards. There are three major credit bureaus, Equifax, Experian and Trans Union, and they are regulated by the federal Fair Credit Reporting Act.

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.

DISCHARGE (OF DEBTS)

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

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.

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.

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.

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.

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Macatawa Bankruptcy & Debt Lawyer, Michigan

Sponsored Law Firm

Marrs & Terry, PLLC

SPONSORED LAWYERS

Raymond J. Pater

Sorin Panainte

Wayne Patrick Kolehouse

Anita K. Nyhuis

Diane Lynn Mancinelli

Craig Thomas Jackson

Jessica Arends

Denise Linn Nestel

Kimberly Kolenbrander Mauer

David Stempfly

TIPS

LEGAL TERMS

FCRA

SUBROGATION

CREDIT BUREAU

ADMINISTRATIVE EXPENSES

DISCHARGE (OF DEBTS)

S CORPORATION

401(K) PLAN

NONPROFIT CORPORATION

MEANS TEST

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