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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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Aaron S. Coltrane

Workers' Compensation, Contract, Collection, Wrongful Death

Status: In Good Standing Licensed: 10 Years

CONTACT

Saginaw, MI 48608

Adam C. Reddick

Civil Rights, Administrative Law, Bankruptcy, Wrongful Death

Status: In Good Standing Licensed: 17 Years

CONTACT

3906 N Euclid Ave, Bay City, MI 48706

Alan D. Walton

Family Law, Bankruptcy & Debt

Status: In Good Standing Licensed: 44 Years

CONTACT

8070 Main St, Birch Run, MI 48415

Alex Charles Barrons

Entertainment, Estate Planning, Antitrust, Consumer Bankruptcy

Status: In Good Standing Licensed: 3 Years

CONTACT

2106 Ringle Rd, Vassar, MI 48768

Carmen Rae Fillmore

Estate Planning, Labor Law, Family Law, Collection

Status: In Good Standing Licensed: 9 Years

CONTACT

1230 Washington Ave, Bay City, MI 48708

Daniel C. Himmelspach

Consumer Rights, Business, Consumer Bankruptcy, Bankruptcy

Status: In Good Standing Licensed: 44 Years

CONTACT

Saginaw, MI 48603

David W. Brown

Real Estate, Family Law, Criminal, Business, Bankruptcy

Status: In Good Standing

CONTACT

1820 N Lapeer Rd, Lapeer, MI 48446

Dianne S. Ruhlandt

Landlord-Tenant, Employee Rights, Business, Collection

Status: In Good Standing

CONTACT

9139 N Clio Rd, Clio, MI 48420

Edmund J. Frost

Bankruptcy & Debt

Status: In Good Standing Licensed: 59 Years

CONTACT

319 Center Avenue, Bay City, MI 48708

Elizabeth Joy Train

Real Estate, Civil & Human Rights, Business, Bankruptcy

Status: In Good Standing Licensed: 24 Years

CONTACT

11062 Hickory Ln, Clio, MI 48420

800-923-0641

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LEGAL TERMS

GRACE PERIOD

A period of time during which you are not required to make payments on a debt. For example, most credit cards give you a grace period of 20-30 days before you h... (more...)

A period of time during which you are not required to make payments on a debt. For example, most credit cards give you a grace period of 20-30 days before you have to pay interest on the amount of your purchases. Cash advances, however, usually have no grace period; interest begins to accumulate from the date of the withdrawal, even if you pay your bills on time. Also, some student loans give you a grace period after graduating or dropping out of school. During this time, you are not required to make payments on your loan.

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.

WINDING UP

The process of paying off expenses and creditors, settling accounts, and collecting and distributing (to shareholders and owners) whatever assets then remain, a... (more...)

The process of paying off expenses and creditors, settling accounts, and collecting and distributing (to shareholders and owners) whatever assets then remain, all with the ultimate goal of liquidating or closing down a corporation or partnership.

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.

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.

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.

GENERAL PARTNER

A person who joins with at least one other to own and operate a business for profit -- and who (unlike a corporation's owners), is personally liable for all the... (more...)

A person who joins with at least one other to own and operate a business for profit -- and who (unlike a corporation's owners), is personally liable for all the business's debts and obligations. A general partner's actions can legally bind the entire business. See also partnership, limited partnership.

CREDIT REPORT

An account of your credit history, prepared by a credit bureau. A credit report will contain both credit history, such as what you owe to whom and whether you m... (more...)

An account of your credit history, prepared by a credit bureau. A credit report will contain both credit history, such as what you owe to whom and whether you make the payments on time, as well as personal history, such as your former addresses, employment record and lawsuits in which you have been involved. An estimated 50% of all credit reports contain errors, such as accounts that don't belong to you, an incorrect account status or information reported that is older than seven years (ten years in the case of a bankruptcy).

TRADE NAME

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

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Vassar Bankruptcy & Debt Lawyer, Michigan

Sponsored Law Firm

Marrs & Terry, PLLC

SPONSORED LAWYERS

Aaron S. Coltrane

Adam C. Reddick

Alan D. Walton

Alex Charles Barrons

Carmen Rae Fillmore

Daniel C. Himmelspach

David W. Brown

Dianne S. Ruhlandt

Edmund J. Frost

Elizabeth Joy Train

TIPS

LEGAL TERMS

GRACE PERIOD

CHAPTER 13 BANKRUPTCY

WINDING UP

FRAUDULENT TRANSFER

TRADE DRESS

SOLE PROPRIETORSHIP

GENERAL PARTNER

CREDIT REPORT

TRADE NAME

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