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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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Sean Francis Corsini

Family Law, Contract, Credit & Debt, Personal Injury

Status: In Good Standing Licensed: 11 Years

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1893 W Maumee St, Adrian, MI 49221

William Edward Link

Employee Rights, Civil Rights, Contract, Credit & Debt

Status: In Good Standing Licensed: 12 Years

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13 Lucerne Ct, Ann Arbor, MI 48108

Daniel R. Shemke

Labor Law, Family Law, Business, Credit & Debt

Status: In Good Standing Licensed: 35 Years

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301 N Main St, Ann Arbor, MI 48104

Robert Keyes

Bankruptcy & Debt, Credit & Debt, Bankruptcy, Criminal, Traffic

Status: In Good Standing Licensed: 19 Years

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300 N Huron St, Ypsilanti, MI 48197

Stacey L. Dinser-Hohl

Employee Rights, Family Law, Contract, Credit & Debt

Status: In Good Standing Licensed: 24 Years

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Hamburg, MI 48139

Amanda Longendyke

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

Status: In Good Standing Licensed: 11 Years

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5213 Universe Ave, Howell, MI 48843

Christine Marie Heckler

Divorce, Contract, Credit & Debt, Defamation & Slander

Status: In Good Standing

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124 N State St, Howell, MI 48843

Joseph P. Villarosa

Workers' Compensation, Contract, Credit & Debt, Personal Injury

Status: In Good Standing Licensed: 28 Years

CONTACT

722 E Grand River Ave, Brighton, MI 48116

Nancy C Nawrocki

Real Estate, Family Law, Civil Rights, Credit & Debt

Status: In Good Standing Licensed: 38 Years

CONTACT

10299 Grand River Rd, Brighton, MI 48114

Jon Thomas Emaus

Trusts, Contract, Credit & Debt, Wrongful Death

Status: In Good Standing

CONTACT

8163 Grand River Road, Brighton, MI 48114

800-923-0641

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LEGAL TERMS

C CORPORATION

Common business slang to distinguish a corporation whose profits are taxed separate from its owners under subchapter C of the Internal Revenue Code, from an S c... (more...)

Common business slang to distinguish a corporation whose profits are taxed separate from its owners under subchapter C of the Internal Revenue Code, from an S corporation, whose profits are passed through to shareholders and taxed on their personal returns under subchapter S of the Internal Revenue Code.

TRADE NAME

The official name of a business, the one it uses on its letterhead and bank account when not dealing with consumers.

INFRINGEMENT (OF TRADEMARK)

Unauthorized use of a protected trademark or service mark, or use of something very similar to a protected mark. The success of a lawsuit to stop the infringeme... (more...)

Unauthorized use of a protected trademark or service mark, or use of something very similar to a protected mark. The success of a lawsuit to stop the infringement turns on whether the defendant's use causes a likelihood of confusion in the average consumer. If a court determines that the average consumer would be confused, the owner of the original mark can prevent the other's use of the infringing mark and sometimes collect damages.

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.

MEETING OF CREDITORS

A meeting held with the bankruptcy trustee about a month after you file for bankruptcy. You must attend. The trustee reviews your bankruptcy papers and asks a f... (more...)

A meeting held with the bankruptcy trustee about a month after you file for bankruptcy. You must attend. The trustee reviews your bankruptcy papers and asks a few questions. In a Chapter 7, the meeting of creditors lasts a few minutes and rarely do any creditors show up. In a Chapter 13 bankruptcy, one or two creditors may attend, especially if they disagree with some provision of your repayment plan.

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.

DISPOSABLE INCOME

The difference between a debtor's current monthly income and allowable expenses. This is the amount that the new bankruptcy law deems available to pay into a Ch... (more...)

The difference between a debtor's current monthly income and allowable expenses. This is the amount that the new bankruptcy law deems available to pay into a Chapter 13 plan.

INTEREST

A commission you pay a bank or other creditor for lending you money or extending you credit. An interest rate represents the annual percentage that is added to ... (more...)

A commission you pay a bank or other creditor for lending you money or extending you credit. An interest rate represents the annual percentage that is added to your balance. This means that if your loan or credit line has an interest rate of 8%, the holder adds 8% to the balance each year. More specifically, interest is calculated and added to your loan or credit line through a process called compounding. If interest is compounded daily, the balance will rise by 1/365th of 8% each day. If interest is compounded monthly, the balance will rise 1/12th of 8% at the start of each month.

COSIGNER

A person who signs his or her name to a loan agreement, lease or credit application. If the primary debtor does not pay, the cosigner is fully responsible for t... (more...)

A person who signs his or her name to a loan agreement, lease or credit application. If the primary debtor does not pay, the cosigner is fully responsible for the loan or debt. Many people use cosigners to qualify for a loan or credit card. Landlords may require a cosigner when renting to a student or someone with a poor credit history.

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Onsted Credit & Debt Lawyer, Michigan

Sponsored Law Firm

Marrs & Terry, PLLC

SPONSORED LAWYERS

Sean Francis Corsini

William Edward Link

Daniel R. Shemke

Robert Keyes

Stacey L. Dinser-Hohl

Amanda Longendyke

Christine Marie Heckler

Joseph P. Villarosa

Nancy C Nawrocki

Jon Thomas Emaus

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LEGAL TERMS

C CORPORATION

TRADE NAME

INFRINGEMENT (OF TRADEMARK)

SOLE PROPRIETORSHIP

MEETING OF CREDITORS

S CORPORATION

DISPOSABLE INCOME

INTEREST

COSIGNER

SAMPLE LEGAL CASES

New Freedom Mtg. Corp. v. Globe Mtg. Corp.

Barth v. FIRST CONSUMER CREDIT, INC.

CHARTER ONE BANK NA v. JP Morgan Chase Bank, NA

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