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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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Mark A. Burnheimer

Litigation, Corporate, Commercial Bankruptcy, Medical Malpractice

Status: In Good Standing

CONTACT

10631 E Cherry Bend Rd, Traverse City, MI 49684

Michael Patrick Corcoran

Bankruptcy, Consumer Bankruptcy, Commercial Bankruptcy

Status: In Good Standing Licensed: 40 Years

CONTACT

617 W Front St, Traverse City, MI 49684

Julie A. Gillum

Contract, Collection, Divorce, Construction

Status: In Good Standing Licensed: 32 Years

CONTACT

326 E State St, Traverse City, MI 49684

Thomas R. Alward

Consumer Bankruptcy

Status: In Good Standing Licensed: 44 Years

CONTACT

202 E State St, Traverse City, MI 49684

Roy Jay Montney

Construction, Trusts, Contract, Collection

Status: In Good Standing Licensed: 33 Years

CONTACT

1022 E Front St, Traverse City, MI 49686

David A. Bieganowski

Business, Collection, Real Estate, Estate

Status: In Good Standing Licensed: 28 Years

CONTACT

400 E Eighth St, Traverse City, MI 49685

Grant W Parsons

Traffic, Transportation & Shipping, Civil Rights, Credit & Debt

Status: In Good Standing Licensed: 39 Years

CONTACT

520 S Union St, Traverse City, MI 49684

Gerald F Chefalo

Traffic, Divorce & Family Law, Criminal, Corporate, Bankruptcy

Status: In Good Standing Licensed: 26 Years

CONTACT

502 Railroad Ave, Traverse City, MI 49686

Lee Eric Ranieri

Health Care Other, Employee Rights, Contract, Credit & Debt, Landlord-Tenant

Status: In Good Standing Licensed: 18 Years

CONTACT

4020 Copper Vw, Traverse City, MI 49684

Frederick R. Bimber

Landlord-Tenant, Trusts, Employee Rights, Credit & Debt

Status: In Good Standing Licensed: 45 Years

CONTACT

1223 Randolph St, Traverse City, MI 49684

800-923-0641

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LEGAL TERMS

CREDIT BUREAU

A private, profit-making company that collects and sells information about a person's credit history. Typical clients include banks, mortgage lenders and credit... (more...)

A private, profit-making company that collects and sells information about a person's credit history. Typical clients include banks, mortgage lenders and credit card companies that use the information to screen applicants for loans and credit cards. There are three major credit bureaus, Equifax, Experian and Trans Union, and they are regulated by the federal Fair Credit Reporting Act.

GUARANTOR

A person who makes a legally binding promise to either pay another person's debt or perform another person's duty if that person defaults or fails to perform. T... (more...)

A person who makes a legally binding promise to either pay another person's debt or perform another person's duty if that person defaults or fails to perform. The guarantor gives a 'guaranty,' which is an assurance that the debt or other obligation will be fulfilled.

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.

COLLATERAL

Property that guarantees payment of a secured debt.

FRATERNAL BENEFIT SOCIETY BENEFITS

These are benefits, often group life insurance, paid for by fraternal societies to their members. Elks, Masons or Knights of Columbus are common fraternal socie... (more...)

These are benefits, often group life insurance, paid for by fraternal societies to their members. Elks, Masons or Knights of Columbus are common fraternal societies that provide benefits. Also called benefit society, benevolent society or mutual aid association benefits. Under bankruptcy laws, these benefits are virtually always considered exempt property.

IRS EXPENSES

A table of national and regional expense estimates published by the IRS. Debtors whose current monthly income is more than their state's median family income mu... (more...)

A table of national and regional expense estimates published by the IRS. Debtors whose current monthly income is more than their state's median family income must use the IRS expenses to calculate their average net income in a Chapter 7 case, or their disposable income in a Chapter 13 case.

LIQUIDATING PARTNER

The member of an insolvent or dissolving partnership responsible for paying the debts and settling the accounts of the partnership.

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.

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.

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Suttons Bay Bankruptcy & Debt Lawyer, Michigan

Sponsored Law Firm

Marrs & Terry, PLLC

SPONSORED LAWYERS

Mark A. Burnheimer

Michael Patrick Corcoran

Julie A. Gillum

Thomas R. Alward

Roy Jay Montney

David A. Bieganowski

Grant W Parsons

Gerald F Chefalo

Lee Eric Ranieri

Frederick R. Bimber

TIPS

LEGAL TERMS

CREDIT BUREAU

GUARANTOR

ACCORD AND SATISFACTION

COLLATERAL

FRATERNAL BENEFIT SOCIETY BENEFITS

IRS EXPENSES

LIQUIDATING PARTNER

C CORPORATION

S CORPORATION

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