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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

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Marsha J. Teysen

General Practice

Status: Inactive Licensed: 35 Years

CONTACT

325 Court St, Sault Sainte Marie, MI 49783

Eric G. Blubaugh

Divorce & Family Law, Children's Rights

Status: In Good Standing Licensed: 28 Years

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325 Court St, Sault Sainte Marie, MI 49783

Elizabeth Biolette Church

Estate Planning, Estate, Criminal

Status: In Good Standing Licensed: 32 Years

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325 Court St, Sault Sainte Marie, MI 49783

Alexis Marie Lambros

General Practice

Status: In Good Standing Licensed: 22 Years

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544 Ashmun St, Sault Sainte Marie, MI 49783

Kristin Melissa Giommi

Family Law, Criminal

Status: In Good Standing Licensed: 8 Years

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325 Court St, Sault Sainte Marie, MI 49783

Lillian Elaine Harmon

Criminal

Status: In Good Standing Licensed: 2 Years

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325 Court St, Sault Sainte Marie, MI 49783

James P. Lambros

Government

Status: In Good Standing Licensed: 24 Years

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319 Court St, Sault Sainte Marie, MI 49783

Leanne Barnes Deuman

Estate Planning, Estate, Family Law, Divorce & Family Law

Status: In Good Standing

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216 Ashmun St, Sault Sainte Marie, MI 49783

Thomas J. Veum

Social Security, Workers' Compensation

Status: In Good Standing Licensed: 59 Years

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216 Ashmun St, Sault Sainte Marie, MI 49783

Michael T. Veum

Real Estate, Estate Planning, Estate, Civil & Human Rights

Status: In Good Standing Licensed: 26 Years

CONTACT

216 Ashmun St, Sault Sainte Marie, MI 49783

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LEGAL TERMS

REDEMPTION

In Chapter 7 bankruptcy, when the debtor obtains legal title to collateral for a debt by paying the creditor the replacement value of the collateral in a lump s... (more...)

In Chapter 7 bankruptcy, when the debtor obtains legal title to collateral for a debt by paying the creditor the replacement value of the collateral in a lump sum. For example, a debtor may redeem a car note by paying the lender the amount a retail vendor would charge for the car, considering its age and condition.

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.

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.

CHAPTER 13 PLAN

A document filed in a Chapter 13 bankruptcy in which the debtor shows how all of his or her disposable income will be used over a three- to five-year period to ... (more...)

A document filed in a Chapter 13 bankruptcy in which the debtor shows how all of his or her disposable income will be used over a three- to five-year period to pay all mandatory debts -- for example, back child support, taxes, and mortgage arrearages -- as well as some or all unsecured, nonpriority debts, such as medical and credit card bills.

NONDISCHARGEABLE DEBTS

Debts that cannot be erased by filing for bankruptcy. If you file for Chapter 7 bankruptcy, these debts will remain when your case is over. If you file for Chap... (more...)

Debts that cannot be erased by filing for bankruptcy. If you file for Chapter 7 bankruptcy, these debts will remain when your case is over. If you file for Chapter 13 bankruptcy, the nondischargeable debts will have to be paid in full during your plan or you will have a balance at the end of your case. Examples of nondischargeable debts include alimony and child support, most income tax debts, many student loans and debts for personal injury or death caused by drunk driving. Compare dischargeable debts.

CYBERSQUATTING

Buying a domain name that reflects the name of a business or famous person with the intent of selling the name back to the business or celebrity for a profit. T... (more...)

Buying a domain name that reflects the name of a business or famous person with the intent of selling the name back to the business or celebrity for a profit. The Anticybersquatting Consumer Protection Act of 1999 authorizes a cybersquatting victim to file a federal lawsuit to regain a domain name or sue for financial compensation. Under the act, registering, selling or using a domain name with the intent to profit from someone else's good name is considered cybersquatting. Victims of cybersquatting can also use the provisions of the Uniform Domain Name Dispute Resolution Policy adopted by ICANN, an international tribunal administering domain names. This international policy results in arbitration of the dispute, not litigation.

CREDIT INSURANCE

Insurance a lender requires a borrower to purchase to cover the loan. If the borrower dies or becomes disabled before paying off the loan, the policy will pay o... (more...)

Insurance a lender requires a borrower to purchase to cover the loan. If the borrower dies or becomes disabled before paying off the loan, the policy will pay off the remaining balance. Federal and state consumer protection laws require the lender to disclose to existing and potential borrowers the terms and costs of obtaining credit insurance because it can affect the terms of the loan.

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.

Dafter Bankruptcy Lawyer, Michigan, page 3

Sponsored Law Firm

Marrs & Terry, PLLC

SPONSORED LAWYERS

Marsha J. Teysen

Eric G. Blubaugh

Elizabeth Biolette Church

Alexis Marie Lambros

Kristin Melissa Giommi

Lillian Elaine Harmon

James P. Lambros

Leanne Barnes Deuman

Thomas J. Veum

Michael T. Veum

TIPS

LEGAL TERMS

REDEMPTION

HOUSEHOLDER

C CORPORATION

CHAPTER 13 PLAN

NONDISCHARGEABLE DEBTS

CYBERSQUATTING

CREDIT INSURANCE

PROCEEDS FOR DAMAGED EXEMPT PROPERTY

CREDITOR

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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