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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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Includes: Bankruptcy Litigation, Commercial Bankruptcy, Consumer Bankruptcy, Dissolution

Carl F. Schier

Construction, Real Estate, Dispute Resolution, Consumer Bankruptcy

Status: In Good Standing Licensed: 60 Years

CONTACT

Ypsilanti, MI 48198

Nathaniel H. Herdt

Lawsuit & Dispute, Intellectual Property, Bankruptcy, Bankruptcy & Debt

Status: In Good Standing

CONTACT

Milan, MI 48160

Patrick Anthony Mcveigh

Commercial Real Estate, Real Estate, Criminal, Consumer Bankruptcy

Status: In Good Standing Licensed: 13 Years

CONTACT

13453 Riker Rd, Chelsea, MI 48118

Rochelle E. Guznack

Bankruptcy & Debt, Credit & Debt, Consumer Bankruptcy

Status: In Good Standing Licensed: 23 Years

FREE CONSULTATION

CONTACT

905 W Ann Arbor Trl, Plymouth, MI 48170

Karl P. Heil

Defect and Lemon Law, Motor Vehicle, Consumer Rights, Consumer Bankruptcy

Status: In Good Standing Licensed: 22 Years

CONTACT

801 W Ann Arbor Trl, Plymouth, MI 48170

John R. Ceci

Wills & Probate, Estate Planning, Divorce, Bankruptcy

Status: In Good Standing Licensed: 22 Years

FREE CONSULTATION

CONTACT

726 W Grand River Ave, Brighton, MI 48116

Thomas John Schank

Corporate, Business, Bankruptcy, Bankruptcy & Debt

Status: In Good Standing Licensed: 48 Years

CONTACT

15811 Centennial Dr, Northville, MI 48168

Edward F. Pletzke

Other, Gift Taxation, Administrative Law, Consumer Bankruptcy

Status: In Good Standing Licensed: 33 Years

CONTACT

47325 Red Oak Dr, Northville, MI 48168

Anthony P. Polce

Litigation, Consumer Rights, Consumer Bankruptcy

Status: In Good Standing Licensed: 28 Years

CONTACT

249 S Main St, Plymouth, MI 48170

Charles G. Hodgson

Bankruptcy, Real Estate, Trusts, Corporate

Status: In Good Standing Licensed: 22 Years

CONTACT

8163 Grand River Rd, Brighton, MI 48114

800-923-0641

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LEGAL TERMS

INFRINGEMENT (OF TRADEMARK)

Unauthorized use of a protected trademark or service mark, or use of something very similar to a protected mark. The success of a lawsuit to stop the infringeme... (more...)

Unauthorized use of a protected trademark or service mark, or use of something very similar to a protected mark. The success of a lawsuit to stop the infringement turns on whether the defendant's use causes a likelihood of confusion in the average consumer. If a court determines that the average consumer would be confused, the owner of the original mark can prevent the other's use of the infringing mark and sometimes collect damages.

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.

SECURED DEBT

A debt on which a creditor has a lien. The creditor can institute a foreclosure or repossession to take the property identified by the lien, called the collater... (more...)

A debt on which a creditor has a lien. The creditor can institute a foreclosure or repossession to take the property identified by the lien, called the collateral, to satisfy the debt if you default. Compare unsecured debt.

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.

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.

BANKRUPTCY

A legal proceeding that relieves you of the responsibility of paying your debts or provides you with protection while attempting to repay your debts. There are ... (more...)

A legal proceeding that relieves you of the responsibility of paying your debts or provides you with protection while attempting to repay your debts. There are two types of bankruptcies -- liquidation, in which your debts are wiped out (discharged) and reorganization, in which you provide the court with a plan for how you intend to repay your debts. For both consumers and business, liquidation bankruptcy is called Chapter 7. For consumers, reorganization bankruptcy is called Chapter 13. Reorganization bankruptcy for consumers with an extraordinary amount of debt and for businesses is called Chapter 11. Reorganization bankruptcy for family farmers is called Chapter 12.

ABUSE

Misuse of the Chapter 7 bankruptcy remedy. This term is typically applied to Chapter 7 bankruptcy filings that should have been filed under Chapter 13, because ... (more...)

Misuse of the Chapter 7 bankruptcy remedy. This term is typically applied to Chapter 7 bankruptcy filings that should have been filed under Chapter 13, because the debtor appears to have enough disposable income to fund a Chapter 13 repayment plan.

MEANS TEST

A formula that uses predefined income and expense categories to determine whether a debtor whose current monthly income is higher than the median family income ... (more...)

A formula that uses predefined income and expense categories to determine whether a debtor whose current monthly income is higher than the median family income for his or her state should be allowed to file for Chapter 7 bankruptcy.

BULK SALES LAW

A law that regulates the transfer of business assets so that business owners cannot dispose of assets in order to avoid creditors. If a business owner wants to ... (more...)

A law that regulates the transfer of business assets so that business owners cannot dispose of assets in order to avoid creditors. If a business owner wants to conduct a bulk sale of business assets -- that is, get rid of an unusually large amount of inventory, merchandise or equipment -- the business owner must typically publish a notice of the sale and give written notice to creditors. Then, the owner must set up an account to hold the funds from the sale for a brief period of time during which creditors may make claims against the money. The prohibition against bulk sales is spelled out in the Uniform Commercial Code -- and laws modeled on the UCC have been generally adopted throughout the country.

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Ann Arbor Bankruptcy Lawyer, Michigan, page 4

Sponsored Law Firm

Marrs & Terry, PLLC

SPONSORED LAWYERS

Carl F. Schier

Nathaniel H. Herdt

Patrick Anthony Mcveigh

Rochelle E. Guznack

Karl P. Heil

John R. Ceci

Thomas John Schank

Edward F. Pletzke

Anthony P. Polce

Charles G. Hodgson

TIPS

LEGAL TERMS

INFRINGEMENT (OF TRADEMARK)

DOING BUSINESS AS (DBA)

SECURED DEBT

WORKOUT

PREFERENCE

BANKRUPTCY

ABUSE

MEANS TEST

BULK SALES LAW

SAMPLE LEGAL CASES

RDM Holdings, Ltd. v. Continental Plastics Co.

Gulf Underwriters Ins. Co. v. McCLAIN INDUSTRIES, INC.

MICHIGAN COMMERCE BANK v. PALMS INVESTMENTS, LLC

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