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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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Spiros T. Michals

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Accident & Injury, Bankruptcy, Business, Estate

Spiro Michals Attorney at Law is a founding Partner of the firm of Michals & Michals, LLC and heads the General Law division of the firm. He practices... (more)

FREE CONSULTATION

CONTACT

888-274-8439

955 W Broadway Ave, Muskegon, MI 49441

Jon Dallas Stratman

Bankruptcy, Bankruptcy & Debt

Status:

CONTACT

866 3 Mile Road, N.W., Grand Rapids, MI 49544

Renee C. Walsh

Trademark, Copyright, Elder Law, Credit & Debt, Consumer Bankruptcy

Status: Licensed: 24 Years

CONTACT

3325 Fenner Rd, Muskegon, MI 49445

Martin M. Holmes

Real Estate, Litigation, Estate, White Collar Crime, Bankruptcy & Debt

Status:

CONTACT

318 Center St, Muskegon, MI 49445

Julianna Marie Hyatt-Wierzbicki

Divorce, Corporate, Collection, Personal Injury

Status: Licensed: 17 Years

CONTACT

900 3Rd St, Muskegon, MI 49440

David W. Garrett

Foreclosure, Employment Discrimination, Bankruptcy, Bankruptcy & Debt

Status:

CONTACT

1732 Lakeshore Dr, Muskegon, MI 49441

Daniel Luke Short

Juvenile Law, Medical Products & Devices, Family Law, Collection

Status: Licensed: 11 Years

CONTACT

990 Terrace St, Muskegon, MI 49442

Visishta Boeringa

Dispute Resolution, Deportation, Divorce, Collection

Status: Licensed: 10 Years

CONTACT

990 Terrace Ave, Muskegon, MI 49442

Paula F. Butler

Collection, Veterans' Affairs

Status: Licensed: 34 Years

CONTACT

1326 Dudley Ave, Muskegon, MI 49442

Robert A. Stariha

Other, Estate Planning, Consumer Bankruptcy, Medical Malpractice

Status: Licensed: 47 Years

CONTACT

48 W Main St, Fremont, MI 49412

800-814-6700

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LEGAL TERMS

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.

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.

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.

FAIR CREDIT BILLING ACT (FCBA)

A federal law that gives you rights when an error occurs on your credit card statement. You must notify the credit card company of the mistake within 60 days af... (more...)

A federal law that gives you rights when an error occurs on your credit card statement. You must notify the credit card company of the mistake within 60 days after it mailed the bill to you. The company must then correct the mistake, or at least acknowledge receipt of your letter within 30 days, and must correct the error within 90 days or explain why it believes the credit card statement is correct.

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.

TRADE DRESS

The distinctive packaging or design of a product that promotes the product and distinguishes it from other products in the marketplace -- for example, the shape... (more...)

The distinctive packaging or design of a product that promotes the product and distinguishes it from other products in the marketplace -- for example, the shape of Frangelico liqueur bottles. Trade dress can be protected under trademark law if a showing can be made that the average consumer would likely be confused as to product origin if another product were allowed to appear in similar dress.

LIQUIDATING PARTNER

The member of an insolvent or dissolving partnership responsible for paying the debts and settling the accounts of the partnership.

CHAPTER 13 BANKRUPTCY

The reorganization bankruptcy for consumers, in which you partially or fully repay your debts. In Chapter 13 bankruptcy, you keep your property and use your inc... (more...)

The reorganization bankruptcy for consumers, in which you partially or fully repay your debts. In Chapter 13 bankruptcy, you keep your property and use your income to pay all or a portion of the debts over three to five years. The minimum amount you must pay is roughly equal to the value of your nonexempt property. In addition, you must pledge your disposable net income -- after subtracting reasonable expenses -- for the period during which you are making payments. At the end of the three-to five-year period, the balance of what you owe on most debts is erased.

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.

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New Era Workout Lawyer, Michigan

Sponsored Law Firm

Marrs & Terry, PLLC

SPONSORED LAWYERS

Spiros T. Michals

Jon Dallas Stratman

Renee C. Walsh

Martin M. Holmes

Julianna Marie Hyatt-Wierzbicki

David W. Garrett

Daniel Luke Short

Visishta Boeringa

Paula F. Butler

Robert A. Stariha

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LEGAL TERMS

PRIORITY DEBT

SOLE PROPRIETORSHIP

GENERAL PARTNER

FAIR CREDIT BILLING ACT (FCBA)

GRACE PERIOD

TRADE DRESS

LIQUIDATING PARTNER

CHAPTER 13 BANKRUPTCY

SETOFF

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