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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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Joseph Jared Hardy

Collection, Entertainment, Federal Appellate Practice, Criminal

Status: Licensed: 4 Years

CONTACT

21721 Laurel St, Clinton Township, MI 48035

Fred L. Gibson

Traffic, Employee Rights, Civil Rights, Collection, Defamation & Slander

Status:

CONTACT

17001 19 Mile Rd, Clinton Township, MI 48038

Paul B. Gigliotti

Litigation, Social Security, Government, Collection, Bankruptcy & Debt

Status: Licensed: 33 Years

CONTACT

15400 19 Mile Rd, Clinton Township, MI 48038

Lawrence J. Lucido

Trusts, Family Law, Contract, Collection

Status: Licensed: 28 Years

CONTACT

39999 Garfield Rd, Clinton Township, MI 48038

Thomas J. Ciaramitaro

Estate Planning, Family Law, Criminal, Collection

Status: Licensed: 55 Years

CONTACT

42850 Garfield Rd, Clinton Township, MI 48038

Nicholas Glaeser

Bankruptcy & Debt, Real Estate, Disability, Bankruptcy, Collection

Status: Licensed: 13 Years

CONTACT

15400 19 Mile Rd, Clinton Township, MI 48038

Ian Kierpaul

Federal Appellate Practice, Criminal, Collection

Status: Licensed: 17 Years

CONTACT

23801 Gratiot Ave, Eastpointe, MI 48021

Keith A. Ganther

Litigation, Workers' Compensation, Collection, Products Liability

Status: Licensed: 57 Years

CONTACT

Grosse Pointe, MI 48236

John Mark Wilk

Federal Appellate Practice, Contract, Business, Collection, Municipal

Status: Licensed: 20 Years

CONTACT

1316 Bishop Road, Grosse Pointe, MI 48230

Kenneth Earl Lane

Real Estate, Litigation, Collection, Personal Injury

Status: Licensed: 57 Years

CONTACT

1146 Yorkshire Road, Grosse Pointe, MI 48230

800-814-6700

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LEGAL TERMS

CREDIT FILE

See credit report.

FORBEARANCE

Voluntarily refraining from doing something, such as asserting a legal right. For example, a creditor may forbear on its right to collect a debt by temporarily ... (more...)

Voluntarily refraining from doing something, such as asserting a legal right. For example, a creditor may forbear on its right to collect a debt by temporarily postponing or reducing the borrower's payments.

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.

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.

CHAPTER 7 BANKRUPTCY

The most familiar type of bankruptcy, in which many or all of your debts are wiped out completely in exchange for giving up your nonexempt property. Chapter 7 b... (more...)

The most familiar type of bankruptcy, in which many or all of your debts are wiped out completely in exchange for giving up your nonexempt property. Chapter 7 bankruptcy takes from three to six months, costs about $200, and commonly requires only one trip to the courthouse.

FAIR LABOR STANDARDS ACT (FLSA)

A federal law that guarantees a worker's right to be paid fairly. The FLSA defines the 40-hour workweek, sets out the federal minimum wage, states requirements ... (more...)

A federal law that guarantees a worker's right to be paid fairly. The FLSA defines the 40-hour workweek, sets out the federal minimum wage, states requirements for overtime and places restrictions on child labor.

COSIGNER

A person who signs his or her name to a loan agreement, lease or credit application. If the primary debtor does not pay, the cosigner is fully responsible for t... (more...)

A person who signs his or her name to a loan agreement, lease or credit application. If the primary debtor does not pay, the cosigner is fully responsible for the loan or debt. Many people use cosigners to qualify for a loan or credit card. Landlords may require a cosigner when renting to a student or someone with a poor credit history.

CURRENT MONTHLY INCOME

As defined by the new bankruptcy law, a bankruptcy filer's total gross income (whether taxable or not), averaged over the six-month period immediately preceding... (more...)

As defined by the new bankruptcy law, a bankruptcy filer's total gross income (whether taxable or not), averaged over the six-month period immediately preceding the bankruptcy filing. The debtor's current monthly income is used to determine whether the debtor can file for Chapter 7 bankruptcy, among other things.

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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Harsens Island Collection Lawyer, Michigan

Sponsored Law Firm

Marrs & Terry, PLLC

SPONSORED LAWYERS

Joseph Jared Hardy

Fred L. Gibson

Paul B. Gigliotti

Lawrence J. Lucido

Thomas J. Ciaramitaro

Nicholas Glaeser

Ian Kierpaul

Keith A. Ganther

John Mark Wilk

Kenneth Earl Lane

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LEGAL TERMS

CREDIT FILE

FORBEARANCE

GENERAL PARTNER

BANKRUPTCY

CHAPTER 7 BANKRUPTCY

FAIR LABOR STANDARDS ACT (FLSA)

COSIGNER

CURRENT MONTHLY INCOME

S CORPORATION

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