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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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Scott P. Mussin

Civil Rights, Contract, Collection, Wrongful Death

Status: In Good Standing Licensed: 20 Years

CONTACT

13351 Reeck Ct, Southgate, MI 48195

Eugene Ferguson

Bankruptcy & Debt, Criminal, Divorce & Family Law, Estate

Status: In Good Standing Licensed: 41 Years

CONTACT

3253 West Rd, Trenton, MI 48183

James Michael Menna

Landlord-Tenant, Trusts, Divorce, Credit & Debt

Status: In Good Standing Licensed: 24 Years

CONTACT

3173 Biddle Ave, Wyandotte, MI 48192

Bryan Yaldou

Bankruptcy & Debt, Estate, Accident & Injury

Status: In Good Standing Licensed: 17 Years

CONTACT

23000 Telegraph Rd, Flat Rock, MI 48134

Aaron Daniel Cox

Commercial Real Estate, Landlord-Tenant, Family Law, Collection

Status: In Good Standing Licensed: 18 Years

CONTACT

23820 Eureka Rd, Taylor, MI 48180

Stephen J. Smith

Workers' Compensation, Contract, Collection, Wrongful Death

Status: In Good Standing Licensed: 51 Years

CONTACT

8841 Macomb St, Grosse Ile, MI 48138

Arthur S. Brand

Family Law, Divorce & Family Law, Criminal, Consumer Bankruptcy

Status: In Good Standing

CONTACT

3856 Fort St, Lincoln Park, MI 48146

Mark E Stern

Social Security, Government, Consumer Rights, Bankruptcy

Status: In Good Standing Licensed: 49 Years

CONTACT

1815 Ford Ave, Wyandotte, MI 48192

James K. Kersten

Criminal, Consumer Rights, Consumer Bankruptcy

Status: In Good Standing Licensed: 43 Years

CONTACT

9580 Hawthorne Glen Dr, Grosse Ile, MI 48138

800-923-0641

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LEGAL TERMS

DEFINED CONTRIBUTION PLAN

A type of pension plan that does not guarantee any particular pension amount upon retirement. Instead, the employer pays into the pension fund a certain amount ... (more...)

A type of pension plan that does not guarantee any particular pension amount upon retirement. Instead, the employer pays into the pension fund a certain amount every month, or every year, for each employee. The employer usually pays a fixed percentage of an employee's wages or salary, although sometimes the amount is a fraction of the company's profits, with the size of each employee's pension share depending on the amount of wage or salary. Upon retirement, each employee's pension is determined by how much was contributed to the fund on behalf of that employee over the years, plus whatever earnings that money has accumulated as part of the investments of the entire pension fund.

FAIR CREDIT REPORTING ACT (FCRA)

A federal law that is designed to prevent inaccurate or obsolete information from entering or remaining in a credit report. The law requires credit bureaus to a... (more...)

A federal law that is designed to prevent inaccurate or obsolete information from entering or remaining in a credit report. The law requires credit bureaus to adopt reasonable procedures for gathering, maintaining and disseminating information and bars credit bureaus from reporting negative information that is older than seven years, except a bankruptcy, which may be reported for ten. If you notify a credit bureau of an error in your credit report, the FCRA requires the bureau to investigate your allegations within 30 days, review all information you provide, remove inaccurate and unverified information and adopt procedures to keep the information from reappearing. In addition, the law requires that creditors refrain from reporting incorrect information to credit bureaus.

FAIR LABOR STANDARDS ACT (FLSA)

A federal law that guarantees a worker's right to be paid fairly. The FLSA defines the 40-hour workweek, sets out the federal minimum wage, states requirements ... (more...)

A federal law that guarantees a worker's right to be paid fairly. The FLSA defines the 40-hour workweek, sets out the federal minimum wage, states requirements for overtime and places restrictions on child labor.

FRATERNAL BENEFIT SOCIETY BENEFITS

These are benefits, often group life insurance, paid for by fraternal societies to their members. Elks, Masons or Knights of Columbus are common fraternal socie... (more...)

These are benefits, often group life insurance, paid for by fraternal societies to their members. Elks, Masons or Knights of Columbus are common fraternal societies that provide benefits. Also called benefit society, benevolent society or mutual aid association benefits. Under bankruptcy laws, these benefits are virtually always considered exempt property.

ADMINISTRATIVE EXPENSES

The trustee's fee, the debtor's attorney fees, and other costs of bringing a bankruptcy case that a debtor must pay in full in a Chapter 13 repayment plan. Admi... (more...)

The trustee's fee, the debtor's attorney fees, and other costs of bringing a bankruptcy case that a debtor must pay in full in a Chapter 13 repayment plan. Administrative costs are typically 10% of the debtor's total payments under the plan.

UNSECURED DEBT

A debt that is not tied to any item of property. A creditor doesn't have the right to grab property to satisfy the debt if you default. The creditor's only reme... (more...)

A debt that is not tied to any item of property. A creditor doesn't have the right to grab property to satisfy the debt if you default. The creditor's only remedy is to sue you and get a judgment. Compare secured debt.

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.

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.

SETOFF

A claim made by someone who allegedly owes money, that the amount should be reduced because the other person owes him money. This is often raised in a countercl... (more...)

A claim made by someone who allegedly owes money, that the amount should be reduced because the other person owes him money. This is often raised in a counterclaim filed by a defendant in a lawsuit. Banks may try to exercise a setoff by taking money out of a deposit account to satisfy past due payments on a loan or credit card bill. Such an act is illegal under most circumstances.

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Riverview Bankruptcy & Debt Lawyer, Michigan

Sponsored Law Firm

Marrs & Terry, PLLC

SPONSORED LAWYERS

Scott P. Mussin

Eugene Ferguson

James Michael Menna

Bryan Yaldou

Aaron Daniel Cox

Stephen J. Smith

Arthur S. Brand

Mark E Stern

James K. Kersten

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LEGAL TERMS

DEFINED CONTRIBUTION PLAN

FAIR CREDIT REPORTING ACT (FCRA)

FAIR LABOR STANDARDS ACT (FLSA)

FRATERNAL BENEFIT SOCIETY BENEFITS

ADMINISTRATIVE EXPENSES

UNSECURED DEBT

WINDING UP

FRAUDULENT TRANSFER

SETOFF

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