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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.
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Joseph Eugene Belsito

Consumer Rights, Administrative Law, Business, Consumer Bankruptcy

Status: In Good Standing Licensed: 19 Years

CONTACT

45 Ottawa Ave Sw, Grand Rapids, MI 49503

Miriam Jane Aukerman

Criminal, Collection

Status: In Good Standing Licensed: 23 Years

CONTACT

1514 Wealthy St Se, Grand Rapids, MI 49506

Robert E. Lee Wright

Contract, Bankruptcy, Wrongful Death, Employee Rights

Status: In Good Standing Licensed: 44 Years

CONTACT

25 Division Ave S, Grand Rapids, MI 49503

Bryan Reeder

Trusts, Family Law, Administrative Law, Bankruptcy

Status: In Good Standing

CONTACT

124 Fulton St E, Grand Rapids, MI 49503

Wade Mcconnell

Collection, Civil Rights, Child Custody, Landlord-Tenant

Status: In Good Standing

CONTACT

44 Grandville Avenue Sw, Grand Rapids, MI 49503

Kevin R. Floyd

Premises Liability, Civil Rights, Collection, Personal Injury

Status: In Good Standing Licensed: 35 Years

CONTACT

2500 E Beltline Ave Se, Grand Rapids, MI 49546

Jason Thomas O'Brien

Landlord-Tenant, Medicare & Medicaid, Social Security, Collection

Status: In Good Standing Licensed: 18 Years

CONTACT

25 Division Ave South, Grand Rapids, MI 49503

Karen M. Tjapkes

Other, Federal Appellate Practice, Consumer Rights, Consumer Bankruptcy

Status: In Good Standing Licensed: 24 Years

CONTACT

25 Division Ave South, Grand Rapids, MI 49503

Charles H. Worsfold

Construction, Employee Rights, Credit & Debt, Defamation & Slander

Status: In Good Standing Licensed: 48 Years

CONTACT

230 Fulton St E, Grand Rapids, MI 49503

Todd Almassian

Foreclosure, International Tax, Bankruptcy, Bankruptcy & Debt

Status: In Good Standing

CONTACT

230 East Fulton Street, Grand Rapids, MI 49503

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.

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.

LIMITED LIABILITY

The maximum amount a business owner can lose if the business is subject to debts, claims or other liabilities. An owner of a limited liability company (LLC) or ... (more...)

The maximum amount a business owner can lose if the business is subject to debts, claims or other liabilities. An owner of a limited liability company (LLC) or a person who invests in a corporation (a shareholder) generally stands to lose only the amount of money invested in the business. This means that if the business folds, creditors cannot seize or sell an owner's home, car, or other personal assets.

GENERAL PARTNER

A person who joins with at least one other to own and operate a business for profit -- and who (unlike a corporation's owners), is personally liable for all the... (more...)

A person who joins with at least one other to own and operate a business for profit -- and who (unlike a corporation's owners), is personally liable for all the business's debts and obligations. A general partner's actions can legally bind the entire business. See also partnership, limited partnership.

DISCHARGEABLE DEBTS

Debts that can be erased by going through bankruptcy. Most debts incurred prior to declaring bankruptcy are dischargeable, including back rent, credit card bill... (more...)

Debts that can be erased by going through bankruptcy. Most debts incurred prior to declaring bankruptcy are dischargeable, including back rent, credit card bills and medical bills. Compare nondischargeable debts.

FRAUDULENT TRANSFER

In a bankruptcy case, a transfer of property to another for less than the property's value for the purpose of hiding the property from the bankruptcy trustee --... (more...)

In a bankruptcy case, a transfer of property to another for less than the property's value for the purpose of hiding the property from the bankruptcy trustee -- for instance, when a debtor signs a car over to a relative to keep it out of the bankruptcy estate. Fraudulently transferred property can be recovered and sold by the trustee for the benefit of the creditors.

TRADE DRESS

The distinctive packaging or design of a product that promotes the product and distinguishes it from other products in the marketplace -- for example, the shape... (more...)

The distinctive packaging or design of a product that promotes the product and distinguishes it from other products in the marketplace -- for example, the shape of Frangelico liqueur bottles. Trade dress can be protected under trademark law if a showing can be made that the average consumer would likely be confused as to product origin if another product were allowed to appear in similar dress.

Moline Bankruptcy & Debt Lawyer, Michigan, page 4

Sponsored Law Firm

Marrs & Terry, PLLC

SPONSORED LAWYERS

Joseph Eugene Belsito

Miriam Jane Aukerman

Robert E. Lee Wright

Bryan Reeder

Wade Mcconnell

Kevin R. Floyd

Jason Thomas O'Brien

Karen M. Tjapkes

Charles H. Worsfold

Todd Almassian

TIPS

LEGAL TERMS

S CORPORATION

UNDUE HARDSHIP

ACCORD AND SATISFACTION

LIMITED LIABILITY

GENERAL PARTNER

DISCHARGEABLE DEBTS

FRAUDULENT TRANSFER

TRADE DRESS

CREDITOR

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