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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

David E. Prine

Accident & Injury, Divorce, Divorce & Family Law, Bankruptcy

Status: Licensed: 38 Years

CONTACT

2130 W Grand River Ave, Howell, MI 48843

David J. Anderson

Real Estate, Agriculture, Elder Law, Bankruptcy

Status: Licensed: 48 Years

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320 W Ottawa St, Lansing, MI 48933

Deborah Pitluk Ecker

Employee Rights, Corporate, Business, Bankruptcy

Status: Licensed: 72 Years

CONTACT

625 S. State Street, Ann Arbor, MI 48109

Dehai Tao

International Other, Immigration, Commercial Bankruptcy

Status: Licensed: 33 Years

CONTACT

24 Frank Lloyd Wright Dr, Ann Arbor, MI 48105

Denis F. Jodis

Workers' Compensation, Contract, Bankruptcy, Medical Malpractice

Status:

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216 N. Main Street, Adrian, MI 49221

Dennis B. Barrett

DUI-DWI, Identity Theft, Bankruptcy, Animal Bite

Status: Licensed: 25 Years

CONTACT

6810 S Cedar St, Lansing, MI 48911

Dennis E. Path

Real Estate, Divorce & Family Law, Criminal, Administrative Law, Bankruptcy

Status: Licensed: 41 Years

CONTACT

4121 Okemos Rd, Okemos, MI 48864

Dominic N. Hamden

Landlord-Tenant, Estate Planning, Family Law, Bankruptcy

Status: Licensed: 20 Years

CONTACT

18 W Main St, Milan, MI 48160

Donald Lee Mcwhorter

Bankruptcy, Personal Injury, Family Law, Litigation

Status: Licensed: 39 Years

CONTACT

910 Gadwall Way, Chelsea, MI 48118

Donnelly W. Hadden

Environmental Law, Consumer Rights, Consumer Bankruptcy, Accident & Injury

Status: Licensed: 63 Years

CONTACT

2002 Bancroft Dr, Ann Arbor, MI 48108

800-814-6700

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LEGAL TERMS

COLLECTION AGENCY

A company hired by a creditor to collect a debt that it is owed. Creditors typically hire a collection agency only after they have made efforts to collect the d... (more...)

A company hired by a creditor to collect a debt that it is owed. Creditors typically hire a collection agency only after they have made efforts to collect the debt themselves, typically through letters (called 'dunning' letters) and telephone calls. Collection agencies are regulated by the federal Fair Debt Collection Practices Act. Unfortunately, too many collectors ignore this law.

SETOFF

A claim made by someone who allegedly owes money, that the amount should be reduced because the other person owes him money. This is often raised in a countercl... (more...)

A claim made by someone who allegedly owes money, that the amount should be reduced because the other person owes him money. This is often raised in a counterclaim filed by a defendant in a lawsuit. Banks may try to exercise a setoff by taking money out of a deposit account to satisfy past due payments on a loan or credit card bill. Such an act is illegal under most circumstances.

FCRA

See Fair Credit Reporting Act.

AUTOMATIC STAY

An injunction automatically issued by the bankruptcy court when a debtor files for bankruptcy. The automatic stay prohibits most creditor collection activities,... (more...)

An injunction automatically issued by the bankruptcy court when a debtor files for bankruptcy. The automatic stay prohibits most creditor collection activities, such as filing or continuing lawsuits, making written requests for payment, or notifying credit reporting bureaus of an unpaid debt.

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.

PRIORITY DEBT

A type of debt that is paid first if there are distributions made from the bankruptcy estate in a Chapter 7 bankruptcy, and must be paid in full in a Chapter 13... (more...)

A type of debt that is paid first if there are distributions made from the bankruptcy estate in a Chapter 7 bankruptcy, and must be paid in full in a Chapter 13 bankruptcy. Priority debts include alimony and child support, fees owed to the trustee and the attorney in the bankruptcy case, and wages owed to employees.

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.

DISCHARGEABLE DEBTS

Debts that can be erased by going through bankruptcy. Most debts incurred prior to declaring bankruptcy are dischargeable, including back rent, credit card bill... (more...)

Debts that can be erased by going through bankruptcy. Most debts incurred prior to declaring bankruptcy are dischargeable, including back rent, credit card bills and medical bills. Compare nondischargeable debts.

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).

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Jackson Bankruptcy Lawyer, Michigan, page 6

Sponsored Law Firm

Marrs & Terry, PLLC

SPONSORED LAWYERS

David E. Prine

David J. Anderson

Deborah Pitluk Ecker

Dehai Tao

Denis F. Jodis

Dennis B. Barrett

Dennis E. Path

Dominic N. Hamden

Donald Lee Mcwhorter

Donnelly W. Hadden

TIPS

LEGAL TERMS

COLLECTION AGENCY

SETOFF

FCRA

AUTOMATIC STAY

S CORPORATION

PRIORITY DEBT

FAIR LABOR STANDARDS ACT (FLSA)

DISCHARGEABLE DEBTS

LIEN

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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