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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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Susan A. Sandmeyer

Family Law, Divorce & Family Law, Consumer Rights, Consumer Bankruptcy

Status: Licensed: 38 Years

CONTACT

3520 East Shore Dr, Portage, MI 49002

Eric Dixon Dye

Workers' Compensation, Administrative Law, Reorganization, Personal Injury

Status: Licensed: 17 Years

CONTACT

1521 Academy St, Kalamazoo, MI 49006

Roger J. Bus

Foreclosure, Lawsuit & Dispute, Wills & Probate, Insurance, Bankruptcy & Debt

Status: Licensed: 45 Years

CONTACT

903 E Cork St, Kalamazoo, MI 49001

James R. Shinar

Personal Injury, Dispute Resolution, Complex Litigation, Bankruptcy

Status: Licensed: 36 Years

CONTACT

1000 W Michigan Ave, Kalamazoo, MI 49006

Matthew L. Lager

Business, Bankruptcy & Debt

Status: Licensed: 24 Years

CONTACT

1219 S Park St, Kalamazoo, MI 49001

Allison Greenlee Korr

Estate, Divorce & Family Law, Bankruptcy, Bankruptcy & Debt, Bankruptcy & Debt

Status: Licensed: 15 Years

CONTACT

902 S Westnedge Ave, Kalamazoo, MI 49008

Robert J. Pleznac

Real Estate, Wrongful Termination, Bankruptcy, Bankruptcy & Debt

Status:

CONTACT

622 W Lovell St, Kalamazoo, MI 49007

Justin R. Workman

Administrative Law, Collection, Animal Bite, Labor Law

Status: Licensed: 9 Years

CONTACT

425 S Westnedge Ave, Kalamazoo, MI 49007

Robert R. Kopen

Trusts, Estate Planning, Consumer Rights, Bankruptcy

Status: Licensed: 46 Years

CONTACT

8918 Long Lake Dr E, Scotts, MI 49088

Robert L Redmond

Workers' Compensation, Employment, Bankruptcy, Bankruptcy & Debt

Status: Licensed: 30 Years

CONTACT

480 W Lovell St, Kalamazoo, MI 49007

800-923-0641

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LEGAL TERMS

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.

CREDIT REPORT

An account of your credit history, prepared by a credit bureau. A credit report will contain both credit history, such as what you owe to whom and whether you m... (more...)

An account of your credit history, prepared by a credit bureau. A credit report will contain both credit history, such as what you owe to whom and whether you make the payments on time, as well as personal history, such as your former addresses, employment record and lawsuits in which you have been involved. An estimated 50% of all credit reports contain errors, such as accounts that don't belong to you, an incorrect account status or information reported that is older than seven years (ten years in the case of a bankruptcy).

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.

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.

CHAPTER 13 PLAN

A document filed in a Chapter 13 bankruptcy in which the debtor shows how all of his or her disposable income will be used over a three- to five-year period to ... (more...)

A document filed in a Chapter 13 bankruptcy in which the debtor shows how all of his or her disposable income will be used over a three- to five-year period to pay all mandatory debts -- for example, back child support, taxes, and mortgage arrearages -- as well as some or all unsecured, nonpriority debts, such as medical and credit card bills.

CREDITOR

A person or entity (such as a bank) to whom a debt is owed.

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.

COLLATERAL

Property that guarantees payment of a secured debt.

PROCEEDS FOR DAMAGED EXEMPT PROPERTY

In a bankruptcy proceeding, money collected through insurance, arbitration, mediation, settlement or a lawsuit to pay for exempt property that's no longer exemp... (more...)

In a bankruptcy proceeding, money collected through insurance, arbitration, mediation, settlement or a lawsuit to pay for exempt property that's no longer exemptible because it has been damaged or destroyed.

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Lawton Bankruptcy & Debt Lawyer, Michigan, page 4

Sponsored Law Firm

Marrs & Terry, PLLC

SPONSORED LAWYERS

Susan A. Sandmeyer

Eric Dixon Dye

Roger J. Bus

James R. Shinar

Matthew L. Lager

Allison Greenlee Korr

Robert J. Pleznac

Justin R. Workman

Robert R. Kopen

Robert L Redmond

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LEGAL TERMS

FORBEARANCE

CREDIT REPORT

S CORPORATION

LIMITED PARTNERSHIP

CHAPTER 13 PLAN

CREDITOR

NONDISCHARGEABLE DEBTS

COLLATERAL

PROCEEDS FOR DAMAGED EXEMPT PROPERTY

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