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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

Anne Walker White

Biotechnology, Labor Law, Business, Consumer Bankruptcy

Status: In Good Standing Licensed: 40 Years

CONTACT

1 Comtronics Pl, Jackson, MI 49203

Darryl R. Mazur

Consumer Bankruptcy, Criminal

Status: In Good Standing Licensed: 51 Years

CONTACT

4203 Aspen Way, Jackson, MI 49201

Jeffrey Thomas Landon

Divorce & Family Law, DUI-DWI, Criminal, Bankruptcy, Bankruptcy & Debt

Status: In Good Standing Licensed: 14 Years

CONTACT

120 W. Michigan Ave., Jackson, MI 49201

John P. Lovinger

Estate Planning, Criminal, Bankruptcy

Status: In Good Standing Licensed: 37 Years

CONTACT

91 S Broad St, Hillsdale, MI 49242

Kimberly C. Wilson

Real Estate, Reinsurance, Business, Consumer Bankruptcy

Status: In Good Standing

CONTACT

759 Beverly Park Pl, Jackson, MI 49203

Larry William Schlusler

Administrative Law, Bankruptcy, Workers' Compensation, Social Security

Status: In Good Standing

CONTACT

3625 Whispering Woods Dr, Jackson, MI 49201

Leo Joseph Foley

Bankruptcy, Bankruptcy & Debt

Status: In Good Standing Licensed: 43 Years

CONTACT

15 N West St, Hillsdale, MI 49242

Lineas L Baze

Bankruptcy

Status: In Good Standing Licensed: 41 Years

CONTACT

335 W Cortland Ave, Jackson, MI 49201

Thomas Patrick Riley

Other, Industry Specialties, Consumer Bankruptcy, Bankruptcy & Debt

Status: In Good Standing

CONTACT

500 W Michigan Ave, Jackson, MI 49201

800-923-0641

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LEGAL TERMS

COLLATERAL

Property that guarantees payment of a secured debt.

CREDIT COUNSELING

Counseling that explores the possibility of repaying debts outside of bankruptcy and educates the debtor about credit, budgeting, and financial management. Unde... (more...)

Counseling that explores the possibility of repaying debts outside of bankruptcy and educates the debtor about credit, budgeting, and financial management. Under the new bankruptcy law, a debtor must undergo credit counseling with an approved provider before filing for bankruptcy.

GUARANTEED RESERVATION

A hotel or rental car reservation secured by a credit card number. In exchange for your card number, the hotel or rental agency promises to have a room or vehic... (more...)

A hotel or rental car reservation secured by a credit card number. In exchange for your card number, the hotel or rental agency promises to have a room or vehicle for you no matter when you show up. If you have a guaranteed reservation with a hotel, it must provide you with a room, either at that hotel or at another comparable establishment. If you have a guaranteed reservation with a car agency, it must provide you with a vehicle. The downside of a guaranteed reservation is that if you don't show up and haven't cancelled your reservation, you will be billed for one night in the room or one day's use of the vehicle.

AUTOMATIC STAY

An injunction automatically issued by the bankruptcy court when a debtor files for bankruptcy. The automatic stay prohibits most creditor collection activities,... (more...)

An injunction automatically issued by the bankruptcy court when a debtor files for bankruptcy. The automatic stay prohibits most creditor collection activities, such as filing or continuing lawsuits, making written requests for payment, or notifying credit reporting bureaus of an unpaid debt.

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.

CREDIT BUREAU

A private, profit-making company that collects and sells information about a person's credit history. Typical clients include banks, mortgage lenders and credit... (more...)

A private, profit-making company that collects and sells information about a person's credit history. Typical clients include banks, mortgage lenders and credit card companies that use the information to screen applicants for loans and credit cards. There are three major credit bureaus, Equifax, Experian and Trans Union, and they are regulated by the federal Fair Credit Reporting Act.

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.

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.

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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Jonesville Bankruptcy Lawyer, Michigan

Sponsored Law Firm

Marrs & Terry, PLLC

SPONSORED LAWYERS

Anne Walker White

Darryl R. Mazur

Jeffrey Thomas Landon

John P. Lovinger

Kimberly C. Wilson

Larry William Schlusler

Leo Joseph Foley

Lineas L Baze

Thomas Patrick Riley

TIPS

LEGAL TERMS

COLLATERAL

CREDIT COUNSELING

GUARANTEED RESERVATION

AUTOMATIC STAY

FAIR DEBT COLLECTIONS & PRACTICES ACT (FDCPA)

CREDIT BUREAU

FORBEARANCE

CHAPTER 13 PLAN

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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