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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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Includes: Bankruptcy Litigation, Commercial Bankruptcy, Consumer Bankruptcy, Dissolution

Jeffrey J Dufon

Traffic, Bankruptcy, White Collar Crime, DUI-DWI

Status: In Good Standing

FREE CONSULTATION

CONTACT

480 West Lovell Street, Kalamazoo, MI 49007

Susan A. Sandmeyer

Family Law, Divorce & Family Law, Consumer Rights, Consumer Bankruptcy

Status: In Good Standing Licensed: 38 Years

CONTACT

3520 East Shore Dr, Portage, MI 49002

Roxanne C. Seeber

Real Estate, Municipal, Limited Liability Companies, Consumer Bankruptcy

Status: In Good Standing Licensed: 30 Years

CONTACT

470 W Centre Ave, Portage, MI 49024

John D. Bradshaw

Election & Political, Business, Collection, Consumer Bankruptcy

Status: In Good Standing Licensed: 39 Years

CONTACT

107 W Michigan Ave, Kalamazoo, MI 49005

Allison Greenlee Korr

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

Status: In Good Standing Licensed: 15 Years

CONTACT

902 S Westnedge Ave, Kalamazoo, MI 49008

Rachel Renee Suhrbier

Family Law, Divorce & Family Law, Consumer Rights, Consumer Bankruptcy

Status: In Good Standing Licensed: 11 Years

CONTACT

151 S Rose St, Kalamazoo, MI 49007

Tyrone G. Fleeman

Landlord-Tenant, Consumer Rights, Collection, Consumer Bankruptcy

Status: In Good Standing Licensed: 30 Years

CONTACT

107 W Michigan Ave, Kalamazoo, MI 49007

Donald L. R. Roberts

Lawsuit & Dispute, Gift Taxation, Elder Law, Consumer Bankruptcy

Status: In Good Standing Licensed: 39 Years

CONTACT

201 W Kalamazoo Ave, Kalamazoo, MI 49007

Ragan Savara

Consumer Rights, Consumer Bankruptcy

Status: In Good Standing Licensed: 18 Years

CONTACT

315 S Rose St, Kalamazoo, MI 49007

Robert L Redmond

Workers' Compensation, Employment, Bankruptcy, Bankruptcy & Debt

Status: In Good Standing Licensed: 30 Years

CONTACT

480 W Lovell St, Kalamazoo, MI 49007

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.

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.

DEFINED CONTRIBUTION PLAN

A type of pension plan that does not guarantee any particular pension amount upon retirement. Instead, the employer pays into the pension fund a certain amount ... (more...)

A type of pension plan that does not guarantee any particular pension amount upon retirement. Instead, the employer pays into the pension fund a certain amount every month, or every year, for each employee. The employer usually pays a fixed percentage of an employee's wages or salary, although sometimes the amount is a fraction of the company's profits, with the size of each employee's pension share depending on the amount of wage or salary. Upon retirement, each employee's pension is determined by how much was contributed to the fund on behalf of that employee over the years, plus whatever earnings that money has accumulated as part of the investments of the entire pension fund.

CONSUMER CREDIT COUNSELING SERVICE (CCCS)

A national non-profit agency that, at no cost, helps debtors plan budgets and repay their debts. One major criticism of CCCS is that each office is primarily fu... (more...)

A national non-profit agency that, at no cost, helps debtors plan budgets and repay their debts. One major criticism of CCCS is that each office is primarily funded by voluntary donations from the creditors that receive payments from debtors repaying their debts through that office. Despite this criticism, most CCCS counselors provide clients with thorough and neutral advice.

GARNISHMENT

A court-ordered process that takes property from a person to satisfy a debt. For example, a person who owes money to a creditor may have her wages garnished if ... (more...)

A court-ordered process that takes property from a person to satisfy a debt. For example, a person who owes money to a creditor may have her wages garnished if she loses a lawsuit filed by the creditor. Up to 25% of a person's wages can be deducted.

CURRENT MONTHLY INCOME

As defined by the new bankruptcy law, a bankruptcy filer's total gross income (whether taxable or not), averaged over the six-month period immediately preceding... (more...)

As defined by the new bankruptcy law, a bankruptcy filer's total gross income (whether taxable or not), averaged over the six-month period immediately preceding the bankruptcy filing. The debtor's current monthly income is used to determine whether the debtor can file for Chapter 7 bankruptcy, among other things.

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.

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.

DEBT COLLECTOR

A person who works in the in-house collections department of an original creditor or a collection agency to track down debtors and get them to pay what they owe... (more...)

A person who works in the in-house collections department of an original creditor or a collection agency to track down debtors and get them to pay what they owe. Debt collectors can be relentless, often using scare tactics, humiliation and repeated phone calls to extract payments or promises to pay.

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Scotts Bankruptcy Lawyer, Michigan

Sponsored Law Firm

Marrs & Terry, PLLC

SPONSORED LAWYERS

Jeffrey J Dufon

Susan A. Sandmeyer

Roxanne C. Seeber

John D. Bradshaw

Allison Greenlee Korr

Rachel Renee Suhrbier

Tyrone G. Fleeman

Donald L. R. Roberts

Ragan Savara

Robert L Redmond

TIPS

LEGAL TERMS

S CORPORATION

CHAPTER 13 BANKRUPTCY

DEFINED CONTRIBUTION PLAN

CONSUMER CREDIT COUNSELING SERVICE (CCCS)

GARNISHMENT

CURRENT MONTHLY INCOME

ADMINISTRATIVE EXPENSES

TRADE DRESS

DEBT COLLECTOR

SAMPLE LEGAL CASES

RDM Holdings, Ltd. v. Continental Plastics Co.

Gulf Underwriters Ins. Co. v. McCLAIN INDUSTRIES, INC.

MICHIGAN COMMERCE BANK v. PALMS INVESTMENTS, LLC

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