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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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Includes: Bankruptcy Litigation, Commercial Bankruptcy, Consumer Bankruptcy, Dissolution

Christopher G. Bovid

Corporate, Banking & Finance, Bankruptcy Litigation, Bankruptcy

Status:

FREE CONSULTATION

CONTACT

915 North Michigan Avenue, Howell, MI 48843

Anne Walker White

Biotechnology, Labor Law, Business, Consumer Bankruptcy

Status: Licensed: 41 Years

CONTACT

1 Comtronics Pl, Jackson, MI 49203

Jeffrey Thomas Landon

Divorce & Family Law, DUI-DWI, Criminal, Bankruptcy, Bankruptcy & Debt

Status: Licensed: 15 Years

CONTACT

120 W. Michigan Ave., Jackson, MI 49201

Lineas L Baze

Bankruptcy

Status: Licensed: 42 Years

CONTACT

335 W Cortland Ave, Jackson, MI 49201

Thomas Patrick Riley

Other, Industry Specialties, Consumer Bankruptcy, Bankruptcy & Debt

Status:

CONTACT

500 W Michigan Ave, Jackson, MI 49201

Darryl R. Mazur

Consumer Bankruptcy, Criminal

Status: Licensed: 52 Years

CONTACT

4203 Aspen Way, Jackson, MI 49201

Kimberly C. Wilson

Real Estate, Reinsurance, Business, Consumer Bankruptcy

Status:

CONTACT

759 Beverly Park Pl, Jackson, MI 49203

Larry William Schlusler

Administrative Law, Bankruptcy, Workers' Compensation, Social Security

Status:

CONTACT

3625 Whispering Woods Dr, Jackson, MI 49201

Aaron L. Vorce

Real Estate, Litigation, Consumer Rights, Consumer Bankruptcy

Status: Licensed: 20 Years

CONTACT

1 Energy Plaza Dr, Jackson, MI 49201

Donald Lee Mcwhorter

Bankruptcy, Personal Injury, Family Law, Litigation

Status: Licensed: 39 Years

CONTACT

910 Gadwall Way, Chelsea, MI 48118

800-814-6700

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LEGAL TERMS

LIMITED PARTNERSHIP

A business structure that allows one or more partners (called limited partners) to enjoy limited personal liability for partnership debts while another partner ... (more...)

A business structure that allows one or more partners (called limited partners) to enjoy limited personal liability for partnership debts while another partner or partners (called general partners) have unlimited personal liability. The key difference between a general and limited partner concerns management decision making--general partners run the business, and limited partners, who are usually passive investors, are not allowed to make day-to-day business decisions. If they do, they risk being treated as general partners with unlimited personal liability.

FCBA

See Fair Credit Billing Act.

NONDISCHARGEABLE DEBTS

Debts that cannot be erased by filing for bankruptcy. If you file for Chapter 7 bankruptcy, these debts will remain when your case is over. If you file for Chap... (more...)

Debts that cannot be erased by filing for bankruptcy. If you file for Chapter 7 bankruptcy, these debts will remain when your case is over. If you file for Chapter 13 bankruptcy, the nondischargeable debts will have to be paid in full during your plan or you will have a balance at the end of your case. Examples of nondischargeable debts include alimony and child support, most income tax debts, many student loans and debts for personal injury or death caused by drunk driving. Compare dischargeable debts.

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.

INFRINGEMENT (OF TRADEMARK)

Unauthorized use of a protected trademark or service mark, or use of something very similar to a protected mark. The success of a lawsuit to stop the infringeme... (more...)

Unauthorized use of a protected trademark or service mark, or use of something very similar to a protected mark. The success of a lawsuit to stop the infringement turns on whether the defendant's use causes a likelihood of confusion in the average consumer. If a court determines that the average consumer would be confused, the owner of the original mark can prevent the other's use of the infringing mark and sometimes collect damages.

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 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.

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.

INTEREST

A commission you pay a bank or other creditor for lending you money or extending you credit. An interest rate represents the annual percentage that is added to ... (more...)

A commission you pay a bank or other creditor for lending you money or extending you credit. An interest rate represents the annual percentage that is added to your balance. This means that if your loan or credit line has an interest rate of 8%, the holder adds 8% to the balance each year. More specifically, interest is calculated and added to your loan or credit line through a process called compounding. If interest is compounded daily, the balance will rise by 1/365th of 8% each day. If interest is compounded monthly, the balance will rise 1/12th of 8% at the start of each month.

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Jackson Bankruptcy Lawyer, Michigan

Sponsored Law Firm

Marrs & Terry, PLLC

SPONSORED LAWYERS

Christopher G. Bovid

Anne Walker White

Jeffrey Thomas Landon

Lineas L Baze

Thomas Patrick Riley

Darryl R. Mazur

Kimberly C. Wilson

Larry William Schlusler

Aaron L. Vorce

Donald Lee Mcwhorter

TIPS

LEGAL TERMS

LIMITED PARTNERSHIP

FCBA

NONDISCHARGEABLE DEBTS

401(K) PLAN

INFRINGEMENT (OF TRADEMARK)

GRACE PERIOD

CHAPTER 7 BANKRUPTCY

GENERAL PARTNER

INTEREST

SAMPLE LEGAL CASES

RDM Holdings, Ltd. v. Continental Plastics Co.

Gulf Underwriters Ins. Co. v. McCLAIN INDUSTRIES, INC.

MICHIGAN COMMERCE BANK v. PALMS INVESTMENTS, LLC

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