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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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Thomas Paluchniak

Collection, Consumer Bankruptcy, Commercial Bankruptcy, Bankruptcy

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CONTACT

712 Stanley St, Ypsilanti, MI 48198

Robert Keyes

Bankruptcy & Debt, Credit & Debt, Bankruptcy, Criminal, Traffic

Status: Licensed: 20 Years

FREE CONSULTATION

CONTACT

300 N Huron St, Ypsilanti, MI 48197

J. Gregory Frye

Social Security -- Disability, Mental Health, Government Agencies, Bankruptcy

Status: Licensed: 26 Years

CONTACT

700 Towner St, Ypsilanti, MI 48198

William C. Babut

Lawsuit & Dispute, Social Security -- Disability, Social Security, Bankruptcy, Tax

Status: Licensed: 37 Years

CONTACT

700 Towner St, Ypsilanti, MI 48198

Gregory L. Dodd

Divorce & Family Law, White Collar Crime, Collection, Bankruptcy

Status: Licensed: 35 Years

CONTACT

300 N Huron St, Ypsilanti, MI 48197

Stuart M. Collis

Family Law, Divorce, Criminal, Business, Collection

Status: Licensed: 29 Years

CONTACT

1851 Washtenaw, Ypsilanti, MI 48197

Carl F. Schier

Construction, Real Estate, Dispute Resolution, Consumer Bankruptcy

Status: Licensed: 61 Years

CONTACT

Ypsilanti, MI 48198

Thomas J. Buiteweg

Biotechnology, Contract, Business, Consumer Bankruptcy

Status: Licensed: 32 Years

CONTACT

3025 Boardwalk St, Ann Arbor, MI 48108

Jonathan G. Weber

Real Estate, Consumer Rights, Consumer Bankruptcy

Status: Licensed: 39 Years

CONTACT

606 E Cross St, Ypsilanti, MI 48198

Kelli C.C. Meeks

Real Estate, Consumer Bankruptcy, Bankruptcy, Bankruptcy & Debt

Status:

CONTACT

455 E Eisenhower Pkwy, Ann Arbor, MI 48108

800-814-6700

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LEGAL TERMS

NO-FAULT INSURANCE

Car insurance laws that require the insurance companies of each person in an accident to pay for medical bills and lost wages of their insured, up to a certain ... (more...)

Car insurance laws that require the insurance companies of each person in an accident to pay for medical bills and lost wages of their insured, up to a certain amount, regardless of who was at fault. The effect of no-fault insurance laws is to eliminate lawsuits in small accidents. The advantage is the prompt payment of medical bills and expenses. The downsides are that the amounts paid by no-fault policies are often not enough to fully cover a person's losses and that no-fault does not compensate for pain and suffering.

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.

IRS EXPENSES

A table of national and regional expense estimates published by the IRS. Debtors whose current monthly income is more than their state's median family income mu... (more...)

A table of national and regional expense estimates published by the IRS. Debtors whose current monthly income is more than their state's median family income must use the IRS expenses to calculate their average net income in a Chapter 7 case, or their disposable income in a Chapter 13 case.

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.

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.

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.

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.

ACCORD AND SATISFACTION

An agreement to settle a contract dispute by accepting less than what's due. This procedure is often used by creditors who want to cut their losses by collectin... (more...)

An agreement to settle a contract dispute by accepting less than what's due. This procedure is often used by creditors who want to cut their losses by collecting as much money as they can from debtors who cannot pay the full amount.

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Whittaker Bankruptcy & Debt Lawyer, Michigan

Sponsored Law Firm

Marrs & Terry, PLLC

SPONSORED LAWYERS

Thomas Paluchniak

Robert Keyes

J. Gregory Frye

William C. Babut

Gregory L. Dodd

Stuart M. Collis

Carl F. Schier

Thomas J. Buiteweg

Jonathan G. Weber

Kelli C.C. Meeks

TIPS

LEGAL TERMS

NO-FAULT INSURANCE

FORBEARANCE

IRS EXPENSES

NONPROFIT CORPORATION

WORKOUT

S CORPORATION

PROCEEDS FOR DAMAGED EXEMPT PROPERTY

TRADE DRESS

ACCORD AND SATISFACTION

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