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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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Kevin V. B Schumacher

Bankruptcy & Debt, Business, Commercial Insurance, Estate

Status: In Good Standing Licensed: 38 Years

CONTACT

533 S Grand Ave, Lansing, MI 48933

Carolyn N. Koenig

Landlord-Tenant, Criminal, Discrimination, Administrative Law, Collection

Status: In Good Standing Licensed: 29 Years

CONTACT

313 W Kalamazoo St, Lansing, MI 48933

Michael C. Hyde

Estate, Divorce & Family Law, Elder Law, Contract, Bankruptcy & Debt

Status: In Good Standing

CONTACT

201 S University Ave, Mount Pleasant, MI 48858

Kenneth W. Beall

Tax, Real Estate, Litigation, Business, Bankruptcy

Status: In Good Standing

CONTACT

124 W Allegan St, Lansing, MI 48933

Francis X. Hathaway

Family Law, Criminal, Business, Bankruptcy, Bankruptcy & Debt

Status: In Good Standing

CONTACT

121 Burcham Drive, East Lansing, MI 48823

Lesley A Hoenig

Landlord-Tenant, Estate, Bankruptcy, Bankruptcy & Debt

Status: In Good Standing Licensed: 16 Years

CONTACT

407 E Broadway Street, Mount Pleasant, MI 48858

Jennifer D. Martin

Divorce, Elder Law, Insurance, Collection

Status: In Good Standing Licensed: 26 Years

CONTACT

Lansing, MI 48909

Kelly Michelle Fletcher

Immigration, Estate, Contract, Bankruptcy

Status: In Good Standing Licensed: 19 Years

CONTACT

121 Burcham Dr, East Lansing, MI 48823

Jerome L. Reide

Civil Rights, Car Accident, Race Discrimination, Reorganization

Status: In Good Standing Licensed: 28 Years

CONTACT

115 W Allegan St, Lansing, MI 48933

Douglas B. Shapiro

Federal Appellate Practice, Collection, Reinsurance, Criminal

Status: In Good Standing Licensed: 38 Years

CONTACT

925 W Ottawa St, Lansing, MI 48915

800-923-0641

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LEGAL TERMS

LIMITED PARTNERSHIP

A business structure that allows one or more partners (called limited partners) to enjoy limited personal liability for partnership debts while another partner ... (more...)

A business structure that allows one or more partners (called limited partners) to enjoy limited personal liability for partnership debts while another partner or partners (called general partners) have unlimited personal liability. The key difference between a general and limited partner concerns management decision making--general partners run the business, and limited partners, who are usually passive investors, are not allowed to make day-to-day business decisions. If they do, they risk being treated as general partners with unlimited personal liability.

REDEMPTION

In Chapter 7 bankruptcy, when the debtor obtains legal title to collateral for a debt by paying the creditor the replacement value of the collateral in a lump s... (more...)

In Chapter 7 bankruptcy, when the debtor obtains legal title to collateral for a debt by paying the creditor the replacement value of the collateral in a lump sum. For example, a debtor may redeem a car note by paying the lender the amount a retail vendor would charge for the car, considering its age and condition.

ABUSE

Misuse of the Chapter 7 bankruptcy remedy. This term is typically applied to Chapter 7 bankruptcy filings that should have been filed under Chapter 13, because ... (more...)

Misuse of the Chapter 7 bankruptcy remedy. This term is typically applied to Chapter 7 bankruptcy filings that should have been filed under Chapter 13, because the debtor appears to have enough disposable income to fund a Chapter 13 repayment plan.

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.

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.

COLLATERAL

Property that guarantees payment of a secured debt.

WORKOUT

A debtor's plan to take care of a debt, by paying it off or through loan forgiveness. Workouts are often created to avoid bankruptcy or foreclosure proceedings.

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.

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.

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Perrinton Bankruptcy & Debt Lawyer, Michigan, page 5

Sponsored Law Firm

Marrs & Terry, PLLC

SPONSORED LAWYERS

Kevin V. B Schumacher

Carolyn N. Koenig

Michael C. Hyde

Kenneth W. Beall

Francis X. Hathaway

Lesley A Hoenig

Jennifer D. Martin

Kelly Michelle Fletcher

Jerome L. Reide

Douglas B. Shapiro

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LEGAL TERMS

LIMITED PARTNERSHIP

REDEMPTION

ABUSE

COSIGNER

LIMITED LIABILITY

COLLATERAL

WORKOUT

HOUSEHOLDER

BANKRUPTCY

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