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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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Daniel Boroja

Social Security, Family Law, Contract, Collection, Traffic

Status: In Good Standing

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49139 Schoenherr Rd, Utica, MI 48315

Jennifer L. Schmidt

Federal Appellate Practice, Family Law, Credit & Debt, Bankruptcy

Status: In Good Standing Licensed: 29 Years

CONTACT

17001 19 Mile Rd, Clinton Township, MI 48038

Jeffery A. Cojocar

Litigation, Family Law, Criminal, Consumer Bankruptcy

Status: In Good Standing

CONTACT

8113 Wilson St, Utica, MI 48316

Susan A. Rancilio

Consumer Rights, Consumer Bankruptcy

Status: In Good Standing Licensed: 33 Years

CONTACT

56679 Edgewood Dr, Utica, MI 48316

Thomas J. Ciaramitaro

Estate Planning, Family Law, Criminal, Collection

Status: In Good Standing Licensed: 54 Years

CONTACT

42850 Garfield Rd, Clinton Township, MI 48038

Philip A. Gillis

Federal Appellate Practice, Criminal, Consumer Bankruptcy

Status: In Good Standing Licensed: 76 Years

CONTACT

34442 Jefferson Ave, Harrison Township, MI 48045

Thomas James Stanis

Construction, Family Law, Contract, Collection

Status: In Good Standing Licensed: 11 Years

CONTACT

5213 Bordman Rd, Dryden, MI 48428

Jack L. Berman

Education, Garnishment, Bankruptcy, Bankruptcy & Debt

Status: In Good Standing Licensed: 52 Years

FREE CONSULTATION

CONTACT

45100 Sterritt Street, Utica, MI 48317

Ronald Reginald Dixon

Education, Divorce & Family Law, Criminal, Consumer Rights, Bankruptcy & Debt

Status: In Good Standing Licensed: 50 Years

CONTACT

42250 Hayes Rd, Clinton Township, MI 48038

Jenna Marie Bommarito

Accident & Injury, Personal Injury, Divorce & Family Law, Bankruptcy & Debt

Status: In Good Standing Licensed: 13 Years

CONTACT

39999 Garfield Rd, Clinton Township, MI 48038

800-923-0641

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LEGAL TERMS

FAIR LABOR STANDARDS ACT (FLSA)

A federal law that guarantees a worker's right to be paid fairly. The FLSA defines the 40-hour workweek, sets out the federal minimum wage, states requirements ... (more...)

A federal law that guarantees a worker's right to be paid fairly. The FLSA defines the 40-hour workweek, sets out the federal minimum wage, states requirements for overtime and places restrictions on child labor.

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.

CHAPTER 13 BANKRUPTCY

The reorganization bankruptcy for consumers, in which you partially or fully repay your debts. In Chapter 13 bankruptcy, you keep your property and use your inc... (more...)

The reorganization bankruptcy for consumers, in which you partially or fully repay your debts. In Chapter 13 bankruptcy, you keep your property and use your income to pay all or a portion of the debts over three to five years. The minimum amount you must pay is roughly equal to the value of your nonexempt property. In addition, you must pledge your disposable net income -- after subtracting reasonable expenses -- for the period during which you are making payments. At the end of the three-to five-year period, the balance of what you owe on most debts is erased.

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.

FDCPA

See Fair Debt Collections & Practices Act.

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.

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.

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.

NO-FAULT INSURANCE

Car insurance laws that require the insurance companies of each person in an accident to pay for medical bills and lost wages of their insured, up to a certain ... (more...)

Car insurance laws that require the insurance companies of each person in an accident to pay for medical bills and lost wages of their insured, up to a certain amount, regardless of who was at fault. The effect of no-fault insurance laws is to eliminate lawsuits in small accidents. The advantage is the prompt payment of medical bills and expenses. The downsides are that the amounts paid by no-fault policies are often not enough to fully cover a person's losses and that no-fault does not compensate for pain and suffering.

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Port Huron Bankruptcy & Debt Lawyer, Michigan, page 5

Sponsored Law Firm

Marrs & Terry, PLLC

SPONSORED LAWYERS

Daniel Boroja

Jennifer L. Schmidt

Jeffery A. Cojocar

Susan A. Rancilio

Thomas J. Ciaramitaro

Philip A. Gillis

Thomas James Stanis

Jack L. Berman

Ronald Reginald Dixon

Jenna Marie Bommarito

TIPS

LEGAL TERMS

FAIR LABOR STANDARDS ACT (FLSA)

BULK SALES LAW

CHAPTER 13 BANKRUPTCY

FRAUDULENT TRANSFER

FDCPA

ACCORD AND SATISFACTION

S CORPORATION

C CORPORATION

NO-FAULT INSURANCE

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