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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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Sara K. Coaster

Criminal, Collection, Accident & Injury

Status: In Good Standing Licensed: 14 Years

CONTACT

503 S Saginaw St, Flint, MI 48502

Robert Hinojosa

Motor Vehicle, Employment, Criminal, Collection, Contract

Status: In Good Standing Licensed: 15 Years

CONTACT

503 S Saginaw St, Flint, MI 48502

Dustyn Kyle Coontz

Federal Appellate Practice, Criminal, Collection, Animal Bite

Status: In Good Standing Licensed: 9 Years

CONTACT

503 S Saginaw St, Flint, MI 48502

John L. Topping

Traffic, Business, Collection, Bankruptcy

Status: In Good Standing Licensed: 39 Years

CONTACT

1061 E Vernon Dr, Flint, MI 48503

Jamie Lauren Schonberg

Family Law, Criminal, Collection, Social Security

Status: In Good Standing Licensed: 10 Years

CONTACT

300 W 2Nd St, Flint, MI 48502

Kirk M. Liebengood

Land Use & Zoning, Wills & Probate, Labor Law, Family Law, Collection

Status: In Good Standing Licensed: 47 Years

CONTACT

717 S Grand Traverse St, Flint, MI 48502

Darlene Kristin Fawkes Pettit

Government, Religious Discrimination, Collection, Bankruptcy & Debt

Status: In Good Standing Licensed: 18 Years

CONTACT

624 S Grand Traverse St, Flint, MI 48502

Mitchell S. Dembo

Estate Planning, Family Law, Reorganization, Collection, Wrongful Death

Status: In Good Standing Licensed: 37 Years

CONTACT

934 Church St, Flint, MI 48502

Paul T. Walton

Litigation, Lawsuit & Dispute, Criminal, Collection

Status: In Good Standing Licensed: 33 Years

CONTACT

255 Clay St, Lapeer, MI 48446

Pamela E. Stefan

Divorce, Elder Law, Contract, Collection

Status: In Good Standing Licensed: 34 Years

CONTACT

115 N Main St, Vassar, MI 48768

800-923-0641

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LEGAL TERMS

WINDING UP

The process of paying off expenses and creditors, settling accounts, and collecting and distributing (to shareholders and owners) whatever assets then remain, a... (more...)

The process of paying off expenses and creditors, settling accounts, and collecting and distributing (to shareholders and owners) whatever assets then remain, all with the ultimate goal of liquidating or closing down a corporation or partnership.

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.

REPOSSESSION

A creditor's taking property that has been pledged as collateral for a loan. Lenders will most often repossess cars when the owner has missed loan payments and ... (more...)

A creditor's taking property that has been pledged as collateral for a loan. Lenders will most often repossess cars when the owner has missed loan payments and has not attempted to work with the lender to resolve the problem. A repossessor can't use force to get at your car, but he can legally hot-wire it and even drive it out of your unlocked garage.

ACCORD AND SATISFACTION

An agreement to settle a contract dispute by accepting less than what's due. This procedure is often used by creditors who want to cut their losses by collectin... (more...)

An agreement to settle a contract dispute by accepting less than what's due. This procedure is often used by creditors who want to cut their losses by collecting as much money as they can from debtors who cannot pay the full amount.

GUARANTOR

A person who makes a legally binding promise to either pay another person's debt or perform another person's duty if that person defaults or fails to perform. T... (more...)

A person who makes a legally binding promise to either pay another person's debt or perform another person's duty if that person defaults or fails to perform. The guarantor gives a 'guaranty,' which is an assurance that the debt or other obligation will be fulfilled.

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.

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.

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.

PREFERENCE

A payment made by a debtor to a creditor within a defined period prior to filing for bankruptcy -- within three months for arms-length creditors (regular commer... (more...)

A payment made by a debtor to a creditor within a defined period prior to filing for bankruptcy -- within three months for arms-length creditors (regular commercial creditors) and within one year for insider creditors (friends, family members, and business associates). Because a preference gives the creditor who received the payment an edge over other creditors in the bankruptcy case, the trustee can recover the preference (the amount of the payment) and distribute it among all of the creditors.

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Otisville Collection Lawyer, Michigan, page 2

Sponsored Law Firm

Marrs & Terry, PLLC

SPONSORED LAWYERS

Sara K. Coaster

Robert Hinojosa

Dustyn Kyle Coontz

John L. Topping

Jamie Lauren Schonberg

Kirk M. Liebengood

Darlene Kristin Fawkes Pettit

Mitchell S. Dembo

Paul T. Walton

Pamela E. Stefan

TIPS

LEGAL TERMS

WINDING UP

NONDISCHARGEABLE DEBTS

REPOSSESSION

ACCORD AND SATISFACTION

GUARANTOR

BULK SALES LAW

FAIR DEBT COLLECTIONS & PRACTICES ACT (FDCPA)

CYBERSQUATTING

PREFERENCE

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