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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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Troy Green

Credit & Debt, Bankruptcy, Bankruptcy & Debt

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2290 E. Hill Rd., Grand Blanc, MI 48439

Elizabeth Joy Train

Real Estate, Civil & Human Rights, Business, Bankruptcy

Status: Licensed: 24 Years

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11062 Hickory Ln, Clio, MI 48420

Dianne S. Ruhlandt

Landlord-Tenant, Employee Rights, Business, Collection

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9139 N Clio Rd, Clio, MI 48420

Jack E. Tubbs

Intellectual Property, Bankruptcy & Debt, Consumer Bankruptcy

Status: Licensed: 33 Years

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9060 N Elms Rd, Clio, MI 48420

Alan D. Walton

Family Law, Bankruptcy & Debt

Status: Licensed: 45 Years

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8070 Main St, Birch Run, MI 48415

Stephen M. Lazzio

Federal Trial Practice, Bankruptcy

Status: Licensed: 46 Years

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4070 N Jennings Rd, Flint, MI 48504

Marlene Juhasz

State Government, Criminal, Bankruptcy & Debt

Status: Licensed: 43 Years

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609 Leland St, Flushing, MI 48433

Monica Wilson

Trusts, Divorce, Elder Law, Bankruptcy

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400 N Saginaw St, Flint, MI 48502

Melissa Ann Caouette

Bankruptcy, Bankruptcy & Debt

Status: Licensed: 24 Years

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400 N Saginaw St, Flint, MI 48502

Shoyneese NeCole Chiles

Entertainment, Family Law, Collection, Elder Law

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400 N Saginaw St, Flint, MI 48502

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LEGAL TERMS

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.

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.

CCCS

See Consumer Credit Counseling Service.

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.

LIEN

The right of a secured creditor to grab a specific item of property if you don't pay a debt. Liens you agree to are called security interests, and include mortg... (more...)

The right of a secured creditor to grab a specific item of property if you don't pay a debt. Liens you agree to are called security interests, and include mortgages, home equity loans, car loans and personal loans for which you pledge property to guarantee repayment. Liens created without your consent are called nonconsensual liens, and include judgment liens (liens filed by a creditor who has sued you and obtained a judgment), tax liens and mechanics liens (liens filed by a contractor who worked on your house but wasn't paid).

MEETING OF CREDITORS

A meeting held with the bankruptcy trustee about a month after you file for bankruptcy. You must attend. The trustee reviews your bankruptcy papers and asks a f... (more...)

A meeting held with the bankruptcy trustee about a month after you file for bankruptcy. You must attend. The trustee reviews your bankruptcy papers and asks a few questions. In a Chapter 7, the meeting of creditors lasts a few minutes and rarely do any creditors show up. In a Chapter 13 bankruptcy, one or two creditors may attend, especially if they disagree with some provision of your repayment plan.

DOING BUSINESS AS (DBA)

A situation in which a business owner operates a company under a name different from his or her real name. The owner must file a 'fictitious name statement' or ... (more...)

A situation in which a business owner operates a company under a name different from his or her real name. The owner must file a 'fictitious name statement' or similar document with the appropriate agency -- for example, the county clerk. This enables consumers to discover the names of the business owners, which is important if a consumer needs to sue the business.

PRESUMED ABUSE

In a Chapter 7 bankruptcy, when the debtor's current monthly income exceeds the family median income for his or her state and he or she cannot pass the means te... (more...)

In a Chapter 7 bankruptcy, when the debtor's current monthly income exceeds the family median income for his or her state and he or she cannot pass the means test, the court will presume that the debtor has sufficient income to fund a Chapter 13 plan. In this situation, the debtor will not be allowed to proceed with a Chapter 7 bankruptcy unless the debtor can prove that he or she is not abusing the Chapter 7 bankruptcy remedy.

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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Clio Bankruptcy & Debt Lawyer, Michigan

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Marrs & Terry, PLLC

SPONSORED LAWYERS

Troy Green

Elizabeth Joy Train

Dianne S. Ruhlandt

Jack E. Tubbs

Alan D. Walton

Stephen M. Lazzio

Marlene Juhasz

Monica Wilson

Melissa Ann Caouette

Shoyneese NeCole Chiles

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LEGAL TERMS

C CORPORATION

FRAUDULENT TRANSFER

CCCS

ABUSE

LIEN

MEETING OF CREDITORS

DOING BUSINESS AS (DBA)

PRESUMED ABUSE

S CORPORATION

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