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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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Peter M Schneiderman

Commercial Real Estate, Family Law, Credit & Debt, Bankruptcy

Status: In Good Standing Licensed: 54 Years

CONTACT

23938 Research Dr, Farmington, MI 48335

Peter M. Schneiderman

Commercial Real Estate, International, Credit & Debt, Bankruptcy

Status: In Good Standing Licensed: 54 Years

CONTACT

23938 Research Dr, Farmington, MI 48335

Edward Leonard Ewald

Landlord-Tenant, Employee Rights, Contract, Credit & Debt

Status: In Good Standing Licensed: 34 Years

CONTACT

1198 S Creek Dr, Wixom, MI 48393

Steven M. Hyder

Contract, Credit & Debt, Family Law, Construction, Child Custody

Status: In Good Standing Licensed: 19 Years

CONTACT

14930 Laplaisance Rd, Monroe, MI 48161

Robert J. Kull

Trusts, Elder Law, Contract, Credit & Debt, Estate

Status: In Good Standing Licensed: 28 Years

CONTACT

37000 Grand River Ave, Farmington, MI 48335

Rachael Frawley

Contract, Landlord-Tenant, Credit & Debt, Litigation

Status: In Good Standing Licensed: 15 Years

CONTACT

37000 Grand River Ave, Farmington, MI 48335

Peter Alan Behrmann

Credit & Debt, Commercial Bankruptcy, Bankruptcy, Bankruptcy & Debt

Status: In Good Standing

CONTACT

37699 6 Mile Rd, Livonia, MI 48152

John Francis Calvin

Tax, Landlord-Tenant, Contract, Credit & Debt

Status: In Good Standing Licensed: 14 Years

CONTACT

37085 Grand River Ave, Farmington, MI 48335

Ronald D. Ambrose

Traffic, Federal Appellate Practice, Criminal, Credit & Debt

Status: In Good Standing

CONTACT

16818 Farmington Rd, Livonia, MI 48154

Trevor M. Stratton

Credit & Debt, Collection, Consumer Bankruptcy, Bankruptcy & Debt

Status: In Good Standing Licensed: 20 Years

FREE CONSULTATION

CONTACT

Farmington, MI 48336

800-923-0641

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LEGAL TERMS

LIEN

The right of a secured creditor to grab a specific item of property if you don't pay a debt. Liens you agree to are called security interests, and include mortg... (more...)

The right of a secured creditor to grab a specific item of property if you don't pay a debt. Liens you agree to are called security interests, and include mortgages, home equity loans, car loans and personal loans for which you pledge property to guarantee repayment. Liens created without your consent are called nonconsensual liens, and include judgment liens (liens filed by a creditor who has sued you and obtained a judgment), tax liens and mechanics liens (liens filed by a contractor who worked on your house but wasn't paid).

SECRET WARRANTY PROGRAM

A program under which a car manufacturer will make repairs for free on vehicles with persistent problems, even after the warranty has expired, in order to avoid... (more...)

A program under which a car manufacturer will make repairs for free on vehicles with persistent problems, even after the warranty has expired, in order to avoid a recall and the accompanying bad press. Secret warranties are rarely advertised by the manufacturer, so consumers must pursue the manufacturer to discover and take advantage of them. A few states require manufacturers to notify car buyers when they adopt secret warranty programs.

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.

CHAPTER 7 BANKRUPTCY

The most familiar type of bankruptcy, in which many or all of your debts are wiped out completely in exchange for giving up your nonexempt property. Chapter 7 b... (more...)

The most familiar type of bankruptcy, in which many or all of your debts are wiped out completely in exchange for giving up your nonexempt property. Chapter 7 bankruptcy takes from three to six months, costs about $200, and commonly requires only one trip to the courthouse.

DISCHARGEABLE DEBTS

Debts that can be erased by going through bankruptcy. Most debts incurred prior to declaring bankruptcy are dischargeable, including back rent, credit card bill... (more...)

Debts that can be erased by going through bankruptcy. Most debts incurred prior to declaring bankruptcy are dischargeable, including back rent, credit card bills and medical bills. Compare nondischargeable debts.

FCRA

See Fair Credit Reporting Act.

CREDIT FILE

See credit report.

PRIORITY DEBT

A type of debt that is paid first if there are distributions made from the bankruptcy estate in a Chapter 7 bankruptcy, and must be paid in full in a Chapter 13... (more...)

A type of debt that is paid first if there are distributions made from the bankruptcy estate in a Chapter 7 bankruptcy, and must be paid in full in a Chapter 13 bankruptcy. Priority debts include alimony and child support, fees owed to the trustee and the attorney in the bankruptcy case, and wages owed to employees.

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.

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Manchester Credit & Debt Lawyer, Michigan, page 3

Sponsored Law Firm

Marrs & Terry, PLLC

SPONSORED LAWYERS

Peter M Schneiderman

Peter M. Schneiderman

Edward Leonard Ewald

Steven M. Hyder

Robert J. Kull

Rachael Frawley

Peter Alan Behrmann

John Francis Calvin

Ronald D. Ambrose

Trevor M. Stratton

TIPS

LEGAL TERMS

LIEN

SECRET WARRANTY PROGRAM

WORKOUT

CHAPTER 7 BANKRUPTCY

DISCHARGEABLE DEBTS

FCRA

CREDIT FILE

PRIORITY DEBT

REDEMPTION

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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