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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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Andrew David Linke

Reorganization

Status: Licensed: 10 Years

CONTACT

1920 Howland Blvd, White Lake, MI 48386

Anthony Joseph Frasca

International Tax, Trusts, Estate Planning, Reorganization, Civil & Human Rights

Status: Licensed: 17 Years

CONTACT

2723 S State St, Ann Arbor, MI 48104

Benjamin Howard Salvette

International Tax, Copyright, Estate, Reorganization

Status: Licensed: 11 Years

CONTACT

4483 Hillside Ct, Ann Arbor, MI 48105

Caroletta L. Sprinkle

Other, Criminal, Contract, Reorganization

Status: Licensed: 31 Years

CONTACT

6689 Orchard Lake Rd, West Bloomfield, MI 48322

David M. Rosenberger

Tax, Gift Taxation, Employee Rights, Reorganization

Status: Licensed: 50 Years

CONTACT

33 Bloomfield Hills Pkwy, Bloomfield Hills, MI 48304

Edward J. Gudeman

Bankruptcy & Debt, Business & Trade, Reorganization, Credit & Debt, Consumer Bankruptcy

Status: Licensed: 52 Years

CONTACT

1026 West Eleven Mile Road, Royal Oak, MI 48067

Fionnuala M. Holowicki

Estate, Reorganization

Status: Licensed: 30 Years

CONTACT

455 E Eisenhower Pkwy, Ann Arbor, MI 48108

Gail D. Pabarue

Health Care Other, Non-profit, Business, Reorganization

Status: Licensed: 40 Years

CONTACT

2730 Winter Garden Ct, Ann Arbor, MI 48105

Judith A. Peters

Consumer Rights, Reorganization, Consumer Bankruptcy, Legal Malpractice

Status: Licensed: 28 Years

CONTACT

428 Sumark Way, Ann Arbor, MI 48103

Kevin W. Cobb

Employee Rights, Reorganization

Status: Licensed: 48 Years

CONTACT

22011 Village Pines Dr, Franklin, MI 48025

800-814-6700

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LEGAL TERMS

NONPROFIT CORPORATION

A legal structure authorized by state law allowing people to come together to either benefit members of an organization (a club, or mutual benefit society) or f... (more...)

A legal structure authorized by state law allowing people to come together to either benefit members of an organization (a club, or mutual benefit society) or for some public purpose (such as a hospital, environmental organization or literary society). Nonprofit corporations, despite the name, can make a profit, but the business cannot be designed primarily for profit-making purposes, and the profits must be used for the benefit of the organization or purpose the corporation was created to help. When a nonprofit corporation dissolves, any remaining assets must be distributed to another nonprofit, not to board members. As with for-profit corporations, directors of nonprofit corporations are normally shielded from personal liability for the organization's debts. Some nonprofit corporations qualify for a federal tax exemption under _ 501(c)(3) of the Internal Revenue Code, with the result that contributions to the nonprofit are tax deductible by their donors.

WORKOUT

A debtor's plan to take care of a debt, by paying it off or through loan forgiveness. Workouts are often created to avoid bankruptcy or foreclosure proceedings.

DISCHARGE (OF DEBTS)

A bankruptcy court's erasure of the debts of a person or business that has filed for bankruptcy.

CREDIT FILE

See credit report.

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.

CREDITOR

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

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.

DOING BUSINESS AS (DBA)

A situation in which a business owner operates a company under a name different from his or her real name. The owner must file a 'fictitious name statement' or ... (more...)

A situation in which a business owner operates a company under a name different from his or her real name. The owner must file a 'fictitious name statement' or similar document with the appropriate agency -- for example, the county clerk. This enables consumers to discover the names of the business owners, which is important if a consumer needs to sue the business.

DEBT COLLECTOR

A person who works in the in-house collections department of an original creditor or a collection agency to track down debtors and get them to pay what they owe... (more...)

A person who works in the in-house collections department of an original creditor or a collection agency to track down debtors and get them to pay what they owe. Debt collectors can be relentless, often using scare tactics, humiliation and repeated phone calls to extract payments or promises to pay.

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Novi Reorganization Lawyer, Michigan

Sponsored Law Firm

Marrs & Terry, PLLC

SPONSORED LAWYERS

Andrew David Linke

Anthony Joseph Frasca

Benjamin Howard Salvette

Caroletta L. Sprinkle

David M. Rosenberger

Edward J. Gudeman

Fionnuala M. Holowicki

Gail D. Pabarue

Judith A. Peters

Kevin W. Cobb

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LEGAL TERMS

NONPROFIT CORPORATION

WORKOUT

DISCHARGE (OF DEBTS)

CREDIT FILE

CHAPTER 7 BANKRUPTCY

CREDITOR

INTEREST

DOING BUSINESS AS (DBA)

DEBT COLLECTOR

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