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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 D. Almassian

Insurance, Corporate, Credit & Debt, Bankruptcy

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FREE CONSULTATION

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230 East Fulton Street, Grand Rapids, MI 49503

Victoria Lynn Smalley

Dispute Resolution, Social Security, Family Law, Credit & Debt

Status: Licensed: 10 Years

CONTACT

3996 Chicago Dr Sw, Grandville, MI 49418

Scott F. Pierce

Family Law, Credit & Debt

Status: Licensed: 52 Years

CONTACT

1060 Kinney Avenue N.W., Grand Rapids, MI 49534

David C. Wood

Commercial Real Estate, Government, Estate Planning, Credit & Debt

Status: Licensed: 38 Years

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Grand Rapids, MI 49515

Jacob Andrew Walson

Business, Contract, Copyright, Credit & Debt

Status:

CONTACT

55 Campau Avenue N.W., Grand Rapids, MI 49503

Harold E. Nelson

Real Estate, Banking & Finance, Credit & Debt, Bankruptcy

Status: Licensed: 48 Years

CONTACT

55 Campau Ave Nw, Grand Rapids, MI 49503

Mark F. Haslem

Social Security, Divorce & Family Law, Civil & Human Rights, Credit & Debt, Personal Injury

Status: Licensed: 34 Years

CONTACT

220 Lyon St NW, Grand Rapids, MI 49503

Frederick E. Mackraz

Real Estate, Employment, Credit & Debt, Personal Injury, Accident & Injury

Status:

CONTACT

180 Monroe Ave, Grand Rapids, MI 49503

David Schoolenberg

Tax Litigation, Real Estate Other, Estate Planning, Credit & Debt, Litigation

Status: Licensed: 46 Years

CONTACT

161 Ottawa Ave Nw, Grand Rapids, MI 49503

Robert A. Hendricks

Medical Products & Devices, Criminal, Banking & Finance, Credit & Debt

Status: Licensed: 41 Years

CONTACT

150 Ottawa Ave Nw, Grand Rapids, MI 49503

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LEGAL TERMS

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.

BANKRUPTCY

A legal proceeding that relieves you of the responsibility of paying your debts or provides you with protection while attempting to repay your debts. There are ... (more...)

A legal proceeding that relieves you of the responsibility of paying your debts or provides you with protection while attempting to repay your debts. There are two types of bankruptcies -- liquidation, in which your debts are wiped out (discharged) and reorganization, in which you provide the court with a plan for how you intend to repay your debts. For both consumers and business, liquidation bankruptcy is called Chapter 7. For consumers, reorganization bankruptcy is called Chapter 13. Reorganization bankruptcy for consumers with an extraordinary amount of debt and for businesses is called Chapter 11. Reorganization bankruptcy for family farmers is called Chapter 12.

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.

WORKOUT

A debtor's plan to take care of a debt, by paying it off or through loan forgiveness. Workouts are often created to avoid bankruptcy or foreclosure proceedings.

CCCS

See Consumer Credit Counseling Service.

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.

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.

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.

HOUSEHOLDER

A person who supports and maintains a household, with or without other people. In bankruptcy law, a householder, housekeeper or head of household can claim a ho... (more...)

A person who supports and maintains a household, with or without other people. In bankruptcy law, a householder, housekeeper or head of household can claim a homestead exemption and possibly other exemptions relating to the maintenance of the household.

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Grandville Credit & Debt Lawyer, Michigan

Sponsored Law Firm

Marrs & Terry, PLLC

SPONSORED LAWYERS

Michael D. Almassian

Victoria Lynn Smalley

Scott F. Pierce

David C. Wood

Jacob Andrew Walson

Harold E. Nelson

Mark F. Haslem

Frederick E. Mackraz

David Schoolenberg

Robert A. Hendricks

TIPS

LEGAL TERMS

ACCORD AND SATISFACTION

BANKRUPTCY

MEETING OF CREDITORS

WORKOUT

CCCS

S CORPORATION

CONSUMER CREDIT COUNSELING SERVICE (CCCS)

DOING BUSINESS AS (DBA)

HOUSEHOLDER

SAMPLE LEGAL CASES

New Freedom Mtg. Corp. v. Globe Mtg. Corp.

Barth v. FIRST CONSUMER CREDIT, INC.

CHARTER ONE BANK NA v. JP Morgan Chase Bank, NA

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