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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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Phillip A. Greenblatt

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Credit & Debt, Identity Theft, Business

I can resolve your debt collection problems. I stop or minimize the prospect of garnishment of your wages and assets. I aggressively defend client'... (more)

FREE CONSULTATION

CONTACT

248-227-7350

Phillip A. Greenblatt, PLLC, Southfield, MI 48037

J. Kyle Guthrie

Corporate, Credit & Debt, Employment, Real Estate

Status: In Good Standing

FREE CONSULTATION

CONTACT

4050 W Maple Rd Ste 108, Bloomfield Hills, MI 48301

Troy Green

Credit & Debt, Bankruptcy, Bankruptcy & Debt

Status: In Good Standing

CONTACT

2290 E. Hill Rd., Grand Blanc, MI 48439

Sheryl A. Shoebottom

Bankruptcy, Collection, Credit & Debt, Tax

Status: In Good Standing

FREE CONSULTATION

CONTACT

30161 Southfield Road, Southfield, MI 48076

Sandra K. Alexander

Real Estate, Estate Planning, Business, Credit & Debt

Status: In Good Standing

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7125 Orchard Lake Road, West Bloomfield, MI 48322

Jerrilann S. Danton

Bankruptcy, Consumer Bankruptcy, Credit & Debt, Workout

Status: In Good Standing

FREE CONSULTATION

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29777 Telegraph Road, Southfield, MI 48034

Alaina M. Zanke-Jodway

Family Law, Civil Rights, Insurance, Credit & Debt

Status: In Good Standing Licensed: 32 Years

CONTACT

Rochester, MI 48308

Ryan Mahlon Moldovan

Other, Credit & Debt, Consumer Bankruptcy, Commercial Bankruptcy, Bankruptcy & Debt

Status: In Good Standing

CONTACT

189 W Clarkston Rd, Lake Orion, MI 48362

Manvinder S. Talwar

Federal Appellate Practice, Criminal, Contract, Credit & Debt

Status: In Good Standing Licensed: 24 Years

CONTACT

511 Olde Towne Rd, Rochester, MI 48308

Constance E. Cumbey

Deportation, Family Law, Criminal, Credit & Debt

Status: In Good Standing Licensed: 49 Years

CONTACT

3675 Hi Crest Dr, Lake Orion, MI 48360

800-923-0641

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LEGAL TERMS

GRACE PERIOD

A period of time during which you are not required to make payments on a debt. For example, most credit cards give you a grace period of 20-30 days before you h... (more...)

A period of time during which you are not required to make payments on a debt. For example, most credit cards give you a grace period of 20-30 days before you have to pay interest on the amount of your purchases. Cash advances, however, usually have no grace period; interest begins to accumulate from the date of the withdrawal, even if you pay your bills on time. Also, some student loans give you a grace period after graduating or dropping out of school. During this time, you are not required to make payments on your loan.

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.

UNDUE HARDSHIP

The circumstances in which a debtor may discharge a student loan in bankruptcy. For example, a debtor who has no income and little chance of earning enough in t... (more...)

The circumstances in which a debtor may discharge a student loan in bankruptcy. For example, a debtor who has no income and little chance of earning enough in the future to pay off the loan may be able to show that repayment would be an undue hardship.

TRADE NAME

The official name of a business, the one it uses on its letterhead and bank account when not dealing with consumers.

DISCHARGE (OF DEBTS)

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

LIMITED LIABILITY

The maximum amount a business owner can lose if the business is subject to debts, claims or other liabilities. An owner of a limited liability company (LLC) or ... (more...)

The maximum amount a business owner can lose if the business is subject to debts, claims or other liabilities. An owner of a limited liability company (LLC) or a person who invests in a corporation (a shareholder) generally stands to lose only the amount of money invested in the business. This means that if the business folds, creditors cannot seize or sell an owner's home, car, or other personal assets.

REAFFIRMATION

An agreement that a debtor and a creditor enter into after a debtor has filed for bankruptcy, in which the debtor agrees to repay all or part of an existing deb... (more...)

An agreement that a debtor and a creditor enter into after a debtor has filed for bankruptcy, in which the debtor agrees to repay all or part of an existing debt after the bankruptcy case is over. For instance, a debtor might make a reaffirmation agreement with the holder of a car note that the debtor can keep the car and must continue to pay the debt after bankruptcy.

HOUSEHOLDER

A person who supports and maintains a household, with or without other people. In bankruptcy law, a householder, housekeeper or head of household can claim a ho... (more...)

A person who supports and maintains a household, with or without other people. In bankruptcy law, a householder, housekeeper or head of household can claim a homestead exemption and possibly other exemptions relating to the maintenance of the household.

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.

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Capac Credit & Debt Lawyer, Michigan

Sponsored Law Firm

Marrs & Terry, PLLC

SPONSORED LAWYERS

Phillip A. Greenblatt

J. Kyle Guthrie

Troy Green

Sheryl A. Shoebottom

Sandra K. Alexander

Jerrilann S. Danton

Alaina M. Zanke-Jodway

Ryan Mahlon Moldovan

Manvinder S. Talwar

Constance E. Cumbey

TIPS

LEGAL TERMS

GRACE PERIOD

INTEREST

UNDUE HARDSHIP

TRADE NAME

DISCHARGE (OF DEBTS)

LIMITED LIABILITY

REAFFIRMATION

HOUSEHOLDER

NONPROFIT CORPORATION

SAMPLE LEGAL CASES

New Freedom Mtg. Corp. v. Globe Mtg. Corp.

Barth v. FIRST CONSUMER CREDIT, INC.

CHARTER ONE BANK NA v. JP Morgan Chase Bank, NA

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