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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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Cornell D. Pettiford

Other, Government, Bankruptcy

Status: Licensed: 21 Years

CONTACT

263 E Sherwood Rd, Williamston, MI 48895

Curtis James Koch

Family Law, Criminal, Collection, Personal Injury, Estate Planning

Status: Licensed: 46 Years

CONTACT

110 W Michigan Ave, Lansing, MI 48933

Daniel J. Hude

Landlord-Tenant, Litigation, Banking & Finance, Credit & Debt

Status: Licensed: 15 Years

CONTACT

Lansing, MI 48909

Daniel A. Pawluk

Landlord-Tenant, Real Estate, Motor Vehicle, Lawsuit & Dispute, Bankruptcy & Debt

Status: Licensed: 36 Years

CONTACT

1033 Healthcare Dr, Charlotte, MI 48813

Darryl R. Mazur

Consumer Bankruptcy, Criminal

Status: Licensed: 51 Years

CONTACT

4203 Aspen Way, Jackson, MI 49201

David W. Towne

Landlord-Tenant, Family Law, Contract, Collection

Status: Licensed: 22 Years

CONTACT

425 W Ottawa St, Lansing, MI 48933

David J. Anderson

Real Estate, Agriculture, Elder Law, Bankruptcy

Status: Licensed: 47 Years

CONTACT

320 W Ottawa St, Lansing, MI 48933

David Greco

Federal Appellate Practice, Government Contract, Administrative Law, Credit & Debt

Status: Licensed: 10 Years

CONTACT

100 N Capitol Ave, Lansing, MI 48933

David Ransom Williams

Other, Criminal, Collection

Status:

CONTACT

300 S Capitol Ave, Lansing, MI 48933

David M. Theut

Business, Bankruptcy & Debt, Accident & Injury

Status: Licensed: 37 Years

CONTACT

611 W Ottawa St, Lansing, MI 48933

800-814-6700

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LEGAL TERMS

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.

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.

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.

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.

C CORPORATION

Common business slang to distinguish a corporation whose profits are taxed separate from its owners under subchapter C of the Internal Revenue Code, from an S c... (more...)

Common business slang to distinguish a corporation whose profits are taxed separate from its owners under subchapter C of the Internal Revenue Code, from an S corporation, whose profits are passed through to shareholders and taxed on their personal returns under subchapter S of the Internal Revenue Code.

CURRENT MONTHLY INCOME

As defined by the new bankruptcy law, a bankruptcy filer's total gross income (whether taxable or not), averaged over the six-month period immediately preceding... (more...)

As defined by the new bankruptcy law, a bankruptcy filer's total gross income (whether taxable or not), averaged over the six-month period immediately preceding the bankruptcy filing. The debtor's current monthly income is used to determine whether the debtor can file for Chapter 7 bankruptcy, among other things.

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.

COLLATERAL

Property that guarantees payment of a secured debt.

DEFINED CONTRIBUTION PLAN

A type of pension plan that does not guarantee any particular pension amount upon retirement. Instead, the employer pays into the pension fund a certain amount ... (more...)

A type of pension plan that does not guarantee any particular pension amount upon retirement. Instead, the employer pays into the pension fund a certain amount every month, or every year, for each employee. The employer usually pays a fixed percentage of an employee's wages or salary, although sometimes the amount is a fraction of the company's profits, with the size of each employee's pension share depending on the amount of wage or salary. Upon retirement, each employee's pension is determined by how much was contributed to the fund on behalf of that employee over the years, plus whatever earnings that money has accumulated as part of the investments of the entire pension fund.

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Onondaga Bankruptcy & Debt Lawyer, Michigan, page 5

Sponsored Law Firm

Marrs & Terry, PLLC

SPONSORED LAWYERS

Cornell D. Pettiford

Curtis James Koch

Daniel J. Hude

Daniel A. Pawluk

Darryl R. Mazur

David W. Towne

David J. Anderson

David Greco

David Ransom Williams

David M. Theut

TIPS

LEGAL TERMS

SETOFF

LIMITED PARTNERSHIP

PROCEEDS FOR DAMAGED EXEMPT PROPERTY

FORBEARANCE

C CORPORATION

CURRENT MONTHLY INCOME

FAIR LABOR STANDARDS ACT (FLSA)

COLLATERAL

DEFINED CONTRIBUTION PLAN

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