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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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David L. Mazur

Estate Planning, Elder Law, Business, Consumer Bankruptcy

Status: In Good Standing Licensed: 37 Years

CONTACT

1 S Main St, Mount Clemens, MI 48043

Kevin C. Johnson

Family Law, Divorce, Criminal, Bankruptcy

Status: In Good Standing

CONTACT

26140 Crocker Blvd, Harrison Township, MI 48045

Timothy J. Miller

Lawsuit & Dispute, Employment, Bankruptcy

Status: In Good Standing Licensed: 40 Years

CONTACT

64541 Van Dyke Rd, Washington, MI 48095

Sara Habib Habbo

Dispute Resolution, Labor Law, Consumer Rights, Consumer Bankruptcy

Status: In Good Standing Licensed: 11 Years

CONTACT

21885 Dunham Rd, Clinton Township, MI 48036

Elizabeth Roberts

Litigation, Employee Rights, Business, Consumer Bankruptcy

Status: In Good Standing Licensed: 13 Years

CONTACT

19500 Hall Rd, Clinton Township, MI 48038

Brian J. Schaf

Foreclosure, Family Law, Criminal, Bankruptcy

Status: In Good Standing Licensed: 20 Years

CONTACT

2 Crocker Blvd, Mount Clemens, MI 48043

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

Paul F. Mcnamara

Commercial Real Estate, Real Estate, Bankruptcy & Debt

Status: In Good Standing Licensed: 56 Years

CONTACT

48 Market St, Mount Clemens, MI 48043

Larry A. Macdonald

Criminal, Collection

Status: In Good Standing Licensed: 43 Years

CONTACT

32 Market St, Mount Clemens, MI 48043

James S. Lawrence

Criminal, Constitutional Law, Civil Rights, Collection

Status: In Good Standing Licensed: 43 Years

CONTACT

235 S Gratiot Ave, Mount Clemens, MI 48043

800-923-0641

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LEGAL TERMS

HOUSEHOLDER

A person who supports and maintains a household, with or without other people. In bankruptcy law, a householder, housekeeper or head of household can claim a ho... (more...)

A person who supports and maintains a household, with or without other people. In bankruptcy law, a householder, housekeeper or head of household can claim a homestead exemption and possibly other exemptions relating to the maintenance of the household.

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.

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.

BULK SALES LAW

A law that regulates the transfer of business assets so that business owners cannot dispose of assets in order to avoid creditors. If a business owner wants to ... (more...)

A law that regulates the transfer of business assets so that business owners cannot dispose of assets in order to avoid creditors. If a business owner wants to conduct a bulk sale of business assets -- that is, get rid of an unusually large amount of inventory, merchandise or equipment -- the business owner must typically publish a notice of the sale and give written notice to creditors. Then, the owner must set up an account to hold the funds from the sale for a brief period of time during which creditors may make claims against the money. The prohibition against bulk sales is spelled out in the Uniform Commercial Code -- and laws modeled on the UCC have been generally adopted throughout the country.

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.

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.

PRESUMED ABUSE

In a Chapter 7 bankruptcy, when the debtor's current monthly income exceeds the family median income for his or her state and he or she cannot pass the means te... (more...)

In a Chapter 7 bankruptcy, when the debtor's current monthly income exceeds the family median income for his or her state and he or she cannot pass the means test, the court will presume that the debtor has sufficient income to fund a Chapter 13 plan. In this situation, the debtor will not be allowed to proceed with a Chapter 7 bankruptcy unless the debtor can prove that he or she is not abusing the Chapter 7 bankruptcy remedy.

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.

AUTOMATIC STAY

An injunction automatically issued by the bankruptcy court when a debtor files for bankruptcy. The automatic stay prohibits most creditor collection activities,... (more...)

An injunction automatically issued by the bankruptcy court when a debtor files for bankruptcy. The automatic stay prohibits most creditor collection activities, such as filing or continuing lawsuits, making written requests for payment, or notifying credit reporting bureaus of an unpaid debt.

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Marysville Bankruptcy & Debt Lawyer, Michigan, page 4

Sponsored Law Firm

Marrs & Terry, PLLC

SPONSORED LAWYERS

David L. Mazur

Kevin C. Johnson

Timothy J. Miller

Sara Habib Habbo

Elizabeth Roberts

Brian J. Schaf

Scott L. Mazey

Paul F. Mcnamara

Larry A. Macdonald

James S. Lawrence

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LEGAL TERMS

HOUSEHOLDER

CYBERSQUATTING

FORBEARANCE

BULK SALES LAW

SOLE PROPRIETORSHIP

ADMINISTRATIVE EXPENSES

PRESUMED ABUSE

ACCORD AND SATISFACTION

AUTOMATIC STAY

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