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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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Donald J. Baranski

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Divorce & Family Law, Estate, Employment, Criminal, Consumer Bankruptcy

Thirty years in general practice

Donald J. Baranski received his Bachelor of Arts in Humanities Pre Law, from Michigan State University. This was a triple major of American History, P... (more)

FREE CONSULTATION

CONTACT

800-970-5860

4125 Okemos Road, Okemos, MI 48864

Aaron L. Vorce

Real Estate, Litigation, Consumer Rights, Consumer Bankruptcy

Status: In Good Standing Licensed: 19 Years

CONTACT

1 Energy Plaza Dr, Jackson, MI 49201

Scott M. Neuman

Divorce, Criminal, Bankruptcy, Personal Injury

Status: In Good Standing Licensed: 32 Years

CONTACT

2196 Commons Pkwy, Okemos, MI 48864

James F. Lentz

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

Status: In Good Standing Licensed: 16 Years

CONTACT

3829 Willoughby Road, Holt, MI 48842

Michael Kevin Falahee

Divorce, Contract, Collection, Personal Injury

Status: In Good Standing Licensed: 19 Years

CONTACT

1000 Laurence Ave, Jackson, MI 49202

Richard A. Cascarilla

Labor Law, Contract, Consumer Bankruptcy, Bankruptcy

Status: In Good Standing Licensed: 44 Years

CONTACT

2123 University Park Dr, Okemos, MI 48864

Darryl R. Mazur

Consumer Bankruptcy, Criminal

Status: In Good Standing Licensed: 51 Years

CONTACT

4203 Aspen Way, Jackson, MI 49201

Justin Robert Babbitt

Social Security, Family Law, Elder Law, Credit & Debt

Status: In Good Standing Licensed: 11 Years

CONTACT

2310 Jolly Oak Rd, Okemos, MI 48864

Kevin Bernard Scott

Health Care Other, Health Care, Business, Consumer Bankruptcy

Status: In Good Standing Licensed: 41 Years

CONTACT

3692 Fairhills Dr, Okemos, MI 48864

Kyle Matthew Williams

Litigation, Elder Law, Administrative Law, Collection

Status: In Good Standing Licensed: 11 Years

CONTACT

4095 Legacy Pkwy, Lansing, MI 48911

800-923-0641

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LEGAL TERMS

SOLE PROPRIETORSHIP

A business owned and managed by one person (or for tax purposes, a husband and wife). For IRS purposes, a sole proprietor and her business are one tax entity, m... (more...)

A business owned and managed by one person (or for tax purposes, a husband and wife). For IRS purposes, a sole proprietor and her business are one tax entity, meaning that business profits are reported and taxed on the owner's personal tax return. Setting up a sole proprietorship is cheap and easy since no legal formation documents need be filed with any governmental agency (although tax registration and other permit and license requirements may still apply). Once you file a fictitious name statement (assuming you don't use your own name) and obtain any required basic tax permits and business licenses, you'll be in business. The main downside of a sole proprietorship is that its owner is personally liable for all business debts.

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.

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.

LIMITED LIABILITY

The maximum amount a business owner can lose if the business is subject to debts, claims or other liabilities. An owner of a limited liability company (LLC) or ... (more...)

The maximum amount a business owner can lose if the business is subject to debts, claims or other liabilities. An owner of a limited liability company (LLC) or a person who invests in a corporation (a shareholder) generally stands to lose only the amount of money invested in the business. This means that if the business folds, creditors cannot seize or sell an owner's home, car, or other personal assets.

FCBA

See Fair Credit Billing Act.

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.

FDCPA

See Fair Debt Collections & Practices Act.

REDEMPTION

In Chapter 7 bankruptcy, when the debtor obtains legal title to collateral for a debt by paying the creditor the replacement value of the collateral in a lump s... (more...)

In Chapter 7 bankruptcy, when the debtor obtains legal title to collateral for a debt by paying the creditor the replacement value of the collateral in a lump sum. For example, a debtor may redeem a car note by paying the lender the amount a retail vendor would charge for the car, considering its age and condition.

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.

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Leslie Bankruptcy & Debt Lawyer, Michigan

Sponsored Law Firm

Marrs & Terry, PLLC

SPONSORED LAWYERS

Donald J. Baranski

Aaron L. Vorce

Scott M. Neuman

James F. Lentz

Michael Kevin Falahee

Richard A. Cascarilla

Darryl R. Mazur

Justin Robert Babbitt

Kevin Bernard Scott

Kyle Matthew Williams

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LEGAL TERMS

SOLE PROPRIETORSHIP

INFRINGEMENT (OF TRADEMARK)

GENERAL PARTNER

LIMITED LIABILITY

FCBA

S CORPORATION

FDCPA

REDEMPTION

MEETING OF CREDITORS

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