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

Steven S Vernier

Wills & Probate, Estate Planning, Family Law, Criminal, Bankruptcy

Status: In Good Standing

CONTACT

22815 Kelly Rd., Eastpointe, MI 48021

Ali Stephen Ramadan

Foreclosure, Trusts, Estate, Bankruptcy

Status: In Good Standing Licensed: 36 Years

CONTACT

22336 Harper Ave, Saint Clair Shores, MI 48080

Andrew M. Steiger

Divorce & Family Law, Bankruptcy, Tax, Estate Planning

Status: In Good Standing Licensed: 15 Years

FREE CONSULTATION

CONTACT

743 Ballantyne Road, Grosse Pointe, MI 48236

Andrijana D. Vujic

Estate, Bankruptcy

Status: In Good Standing Licensed: 19 Years

CONTACT

24405 Gratiot Ave, Eastpointe, MI 48021

Anita Bhama

Antitrust, Administrative Law, Bankruptcy, Contract

Status: In Good Standing Licensed: 26 Years

CONTACT

990 Beaconsfield Ave, Grosse Pointe, MI 48230

Anita Bhama

Antitrust, Administrative Law, Bankruptcy, Contract

Status: In Good Standing Licensed: 26 Years

CONTACT

990 Beaconsfield Ave, Grosse Pointe, MI 48230

Anne Peterson Sorge

Other, Real Estate, Family Law, Bankruptcy

Status: In Good Standing Licensed: 9 Years

CONTACT

18121 E 8 Mile Rd, Eastpointe, MI 48021

Brian E. Muawad

Motor Vehicle, Dispute Resolution, Social Security, Bankruptcy

Status: In Good Standing Licensed: 36 Years

CONTACT

22330 Greater Mack Ave, Saint Clair Shores, MI 48080

Charissa Potts

Real Estate, Consumer Rights, Consumer Bankruptcy, Bankruptcy & Debt

Status: In Good Standing

CONTACT

18121 E 8 Mile Rd, Eastpointe, MI 48021

Charles Lawrence Basch

Foreclosure, Garnishment, Workout, Consumer Bankruptcy, Bankruptcy & Debt

Status: In Good Standing

CONTACT

100 Kercheval, Grosse Pointe Farms, MI 48236

800-923-0641

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LEGAL TERMS

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.

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).

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.

DEBIT CARD

A card issued by a bank that combines the functions of an ATM card and checks. A debit card can be used to withdraw cash at a bank like an ATM card, and it can ... (more...)

A card issued by a bank that combines the functions of an ATM card and checks. A debit card can be used to withdraw cash at a bank like an ATM card, and it can also be used at stores to pay for goods and services in place of a check. Unlike a credit card, a debit card automatically withdraws money from your checking account at the time of the transaction. Debit cards are regulated by the Electronic Funds Transfer Act.

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.

FAIR DEBT COLLECTIONS & PRACTICES ACT (FDCPA)

A federal law that outlaws unfair debt collection practices, including lying, harassing, misleading and otherwise abusing debtors, by debt collectors working fo... (more...)

A federal law that outlaws unfair debt collection practices, including lying, harassing, misleading and otherwise abusing debtors, by debt collectors working for collection agencies. The law does not apply to creditors collecting their own debts. This law has greatly improved conditions for debtors, although more than a few debt collectors ignore the law. If a collection agency violates the law, debtors can contact the Federal Trade Commission for help.

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.

CURRENT MONTHLY INCOME

As defined by the new bankruptcy law, a bankruptcy filer's total gross income (whether taxable or not), averaged over the six-month period immediately preceding... (more...)

As defined by the new bankruptcy law, a bankruptcy filer's total gross income (whether taxable or not), averaged over the six-month period immediately preceding the bankruptcy filing. The debtor's current monthly income is used to determine whether the debtor can file for Chapter 7 bankruptcy, among other things.

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.

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Grosse Pointe Bankruptcy Lawyer, Michigan

Sponsored Law Firm

Marrs & Terry, PLLC

SPONSORED LAWYERS

Steven S Vernier

Ali Stephen Ramadan

Andrew M. Steiger

Andrijana D. Vujic

Anita Bhama

Anita Bhama

Anne Peterson Sorge

Brian E. Muawad

Charissa Potts

Charles Lawrence Basch

TIPS

LEGAL TERMS

FRAUDULENT TRANSFER

CREDIT REPORT

WORKOUT

DEBIT CARD

REDEMPTION

FAIR DEBT COLLECTIONS & PRACTICES ACT (FDCPA)

GRACE PERIOD

CURRENT MONTHLY INCOME

C CORPORATION

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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