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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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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

Kevin W. Cobb

Employee Rights, Reorganization

Status: Licensed: 48 Years

CONTACT

22011 Village Pines Dr, Franklin, MI 48025

Lynn M. Brimer

Tax, Litigation, Reorganization, Commercial Bankruptcy, Bankruptcy & Debt

Status: Licensed: 36 Years

CONTACT

300 E Long Lake Rd, Bloomfield Hills, MI 48304

Mark A. Bank

Family Law, Child Custody, Corporate, Reorganization

Status:

CONTACT

401 South Old Woodward Avenue, Birmingham, MI 48009

Mark D. Lichterman

Pharmaceutical Product, Government, Reorganization, Estate Planning

Status: Licensed: 33 Years

CONTACT

26080 York Rd, Huntington Woods, MI 48070

Melissa Brooke Winkler

International, Immigration, Non-profit, Reorganization

Status: Licensed: 12 Years

CONTACT

5604 Kirkridge Trl, Rochester, MI 48306

Michael A. Vacca

Reorganization, Freedom of Religion

Status: Licensed: 15 Years

CONTACT

25557 Cunningham Ave, Warren, MI 48091

Miriam S. Imerman

Estate Planning, Estate, Non-profit, Reorganization

Status: Licensed: 40 Years

CONTACT

7800 W Outer Dr, Detroit, MI 48235

Mohammed M. Alomari

Employee Rights, Civil Rights, Administrative Law, Reorganization

Status:

CONTACT

24901 Northwestern Hwy, Southfield, MI 48075

800-814-6700

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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.

PREFERENCE

A payment made by a debtor to a creditor within a defined period prior to filing for bankruptcy -- within three months for arms-length creditors (regular commer... (more...)

A payment made by a debtor to a creditor within a defined period prior to filing for bankruptcy -- within three months for arms-length creditors (regular commercial creditors) and within one year for insider creditors (friends, family members, and business associates). Because a preference gives the creditor who received the payment an edge over other creditors in the bankruptcy case, the trustee can recover the preference (the amount of the payment) and distribute it among all of the creditors.

FRATERNAL BENEFIT SOCIETY BENEFITS

These are benefits, often group life insurance, paid for by fraternal societies to their members. Elks, Masons or Knights of Columbus are common fraternal socie... (more...)

These are benefits, often group life insurance, paid for by fraternal societies to their members. Elks, Masons or Knights of Columbus are common fraternal societies that provide benefits. Also called benefit society, benevolent society or mutual aid association benefits. Under bankruptcy laws, these benefits are virtually always considered exempt property.

FRAUDULENT TRANSFER

In a bankruptcy case, a transfer of property to another for less than the property's value for the purpose of hiding the property from the bankruptcy trustee --... (more...)

In a bankruptcy case, a transfer of property to another for less than the property's value for the purpose of hiding the property from the bankruptcy trustee -- for instance, when a debtor signs a car over to a relative to keep it out of the bankruptcy estate. Fraudulently transferred property can be recovered and sold by the trustee for the benefit of the creditors.

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.

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).

ADMINISTRATIVE EXPENSES

The trustee's fee, the debtor's attorney fees, and other costs of bringing a bankruptcy case that a debtor must pay in full in a Chapter 13 repayment plan. Admi... (more...)

The trustee's fee, the debtor's attorney fees, and other costs of bringing a bankruptcy case that a debtor must pay in full in a Chapter 13 repayment plan. Administrative costs are typically 10% of the debtor's total payments under the plan.

DISCHARGE (OF DEBTS)

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

GARNISHMENT

A court-ordered process that takes property from a person to satisfy a debt. For example, a person who owes money to a creditor may have her wages garnished if ... (more...)

A court-ordered process that takes property from a person to satisfy a debt. For example, a person who owes money to a creditor may have her wages garnished if she loses a lawsuit filed by the creditor. Up to 25% of a person's wages can be deducted.

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Smiths Creek Reorganization Lawyer, Michigan

Sponsored Law Firm

Marrs & Terry, PLLC

SPONSORED LAWYERS

David M. Rosenberger

Edward J. Gudeman

Kevin W. Cobb

Lynn M. Brimer

Mark A. Bank

Mark D. Lichterman

Melissa Brooke Winkler

Michael A. Vacca

Miriam S. Imerman

Mohammed M. Alomari

TIPS

LEGAL TERMS

FORBEARANCE

PREFERENCE

FRATERNAL BENEFIT SOCIETY BENEFITS

FRAUDULENT TRANSFER

C CORPORATION

CREDIT REPORT

ADMINISTRATIVE EXPENSES

DISCHARGE (OF DEBTS)

GARNISHMENT

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