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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.
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Michael Joseph Bonvolanta

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Professional Responsibility, Federal Appellate Practice, Municipal, Consumer Bankruptcy, Medical Malpractice

Michael Bonvolanta earned his Bachelor of Arts degree in 2011 from DePaul University in Chicago, Illinois. He earned his Juris Doctor degree in 2015 f... (more)

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248-234-9832

29000 Inkster Rd, Southfield, MI 48034

Nick Balberman

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Accident & Injury, Criminal, Divorce & Family Law, Bankruptcy & Debt, Estate

Mr. Balberman graduated from the University of Michigan with a degree in Economics in 1978 and was admitted to the State Bar of Michigan in 1983 after... (more)

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248-224-6696

29800 Middlebelt Rd, Farmington, MI 48334

Phillip A. Greenblatt

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Credit & Debt, Identity Theft, Business

I can resolve your debt collection problems. I stop or minimize the prospect of garnishment of your wages and assets. I aggressively defend client'... (more)

FREE CONSULTATION

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248-227-7350

Phillip A. Greenblatt, PLLC, Southfield, MI 48037

Marc D. Melamed

Business Organization, Dissolution, Estate Administration, Joint Ventures

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30833 Northwestern Hwy, Farmington, MI 48334

Julie A. Smyk

Foreclosure, Workout, Consumer Bankruptcy, Bankruptcy

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FREE CONSULTATION

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29777 Telegraph Road, Southfield, MI 48034

Sandra K. Alexander

Real Estate, Estate Planning, Business, Credit & Debt

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7125 Orchard Lake Road, West Bloomfield, MI 48322

Jonathan C. Myers

Bankruptcy, Business, Real Estate

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27777 Franklin Road, Southfield, MI 48034

Judith Greenstone Miller

Intellectual Property, Corporate, Banking & Finance, Bankruptcy

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27777 Franklin Road, Southfield, MI 48034

Adel T. Fakhouri

Mediation, Estate Planning, Bankruptcy, Personal Injury

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FREE CONSULTATION

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26300 Telegraph Road, Southfield, MI 48033

Louis P. Rochkind

Real Estate, Business Organization, Banking & Finance, Bankruptcy

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27777 Franklin Road, Southfield, MI 48034

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LEGAL TERMS

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.

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.

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.

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.

UNSECURED DEBT

A debt that is not tied to any item of property. A creditor doesn't have the right to grab property to satisfy the debt if you default. The creditor's only reme... (more...)

A debt that is not tied to any item of property. A creditor doesn't have the right to grab property to satisfy the debt if you default. The creditor's only remedy is to sue you and get a judgment. Compare secured debt.

401(K) PLAN

A deferred compensation savings program in which employees invest part of their wages, sometimes along with employer contributions, to save on taxes. No income ... (more...)

A deferred compensation savings program in which employees invest part of their wages, sometimes along with employer contributions, to save on taxes. No income taxes on the amount invested and any earnings are due until the employee withdraws money from the fund.

UNDUE HARDSHIP

The circumstances in which a debtor may discharge a student loan in bankruptcy. For example, a debtor who has no income and little chance of earning enough in t... (more...)

The circumstances in which a debtor may discharge a student loan in bankruptcy. For example, a debtor who has no income and little chance of earning enough in the future to pay off the loan may be able to show that repayment would be an undue hardship.

TRUTH IN LENDING ACT (TILA)

A federal law that requires credit and charge card companies to disclose interest rates and other information about an account. It also requires lenders to disc... (more...)

A federal law that requires credit and charge card companies to disclose interest rates and other information about an account. It also requires lenders to disclose the terms of a loan, including the total amount of the loan, the annual interest rate and the number, amount and due dates of all payments necessary to repay the loan. The TILA requires additional disclosures and places many restrictions on mortgages.

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.

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Farmington Bankruptcy & Debt Lawyer, Michigan

Sponsored Law Firm

Marrs & Terry, PLLC

SPONSORED LAWYERS

Michael Joseph Bonvolanta

Nick Balberman

Phillip A. Greenblatt

Marc D. Melamed

Julie A. Smyk

Sandra K. Alexander

Jonathan C. Myers

Judith Greenstone Miller

Adel T. Fakhouri

Louis P. Rochkind

TIPS

LEGAL TERMS

IRS EXPENSES

TRADE DRESS

WINDING UP

ADMINISTRATIVE EXPENSES

UNSECURED DEBT

401(K) PLAN

UNDUE HARDSHIP

TRUTH IN LENDING ACT (TILA)

SOLE PROPRIETORSHIP

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