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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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C Mark Stoppels

Business Organization, Collection, Banking & Finance, Wills & Probate

Status: In Good Standing

CONTACT

825 Parchment Drive S. E., Grand Rapids, MI 49546

Kurt D. Peterson

Workers' Compensation, Family Law, Elder Law, Collection

Status: In Good Standing

CONTACT

203 S. Lafayette Street, Greenville, MI 48838

Christine Lynn Welton

Insurance, Collection, Employee Rights, Discrimination, Divorce & Family Law

Status: In Good Standing Licensed: 11 Years

CONTACT

6585 Belding Rd Ne, Rockford, MI 49341

James R. Samuels

Criminal, Collection

Status: In Good Standing

CONTACT

10021 Sylvan Dr, Mecosta, MI 49332

Andrew Lawrence Kortesoja

Landlord-Tenant, International Tax, Merger & Acquisition, Collection

Status: In Good Standing Licensed: 11 Years

CONTACT

5366 Plainfield Ave Ne, Grand Rapids, MI 49525

Brian L. Donovan

Bankruptcy, Estate, Real Estate, Collection

Status: In Good Standing Licensed: 45 Years

CONTACT

5181 Plainfield Ave Ne, Grand Rapids, MI 49525

Erin Lee Fisher

Insurance, Collection, Wrongful Death, Elder Law

Status: In Good Standing Licensed: 12 Years

CONTACT

31 E Wood St, Newaygo, MI 49337

Joseph M. Celello

Construction, Trademark, Contract, Collection

Status: In Good Standing Licensed: 12 Years

CONTACT

2801 E Beltline Ave Ne, Grand Rapids, MI 49525

Russell E. Lewis

Other, Government, Criminal, Collection

Status: In Good Standing Licensed: 39 Years

CONTACT

119 South St, Big Rapids, MI 49307

Brian Lee Spitler

Family Law, Elder Law, Administrative Law, Collection

Status: In Good Standing Licensed: 10 Years

CONTACT

1155 Stokes St Ne, Grand Rapids, MI 49505

800-923-0641

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LEGAL TERMS

FDCPA

See Fair Debt Collections & Practices Act.

LIQUIDATING PARTNER

The member of an insolvent or dissolving partnership responsible for paying the debts and settling the accounts of the partnership.

FAIR CREDIT BILLING ACT (FCBA)

A federal law that gives you rights when an error occurs on your credit card statement. You must notify the credit card company of the mistake within 60 days af... (more...)

A federal law that gives you rights when an error occurs on your credit card statement. You must notify the credit card company of the mistake within 60 days after it mailed the bill to you. The company must then correct the mistake, or at least acknowledge receipt of your letter within 30 days, and must correct the error within 90 days or explain why it believes the credit card statement is correct.

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.

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.

INTEREST

A commission you pay a bank or other creditor for lending you money or extending you credit. An interest rate represents the annual percentage that is added to ... (more...)

A commission you pay a bank or other creditor for lending you money or extending you credit. An interest rate represents the annual percentage that is added to your balance. This means that if your loan or credit line has an interest rate of 8%, the holder adds 8% to the balance each year. More specifically, interest is calculated and added to your loan or credit line through a process called compounding. If interest is compounded daily, the balance will rise by 1/365th of 8% each day. If interest is compounded monthly, the balance will rise 1/12th of 8% at the start of each month.

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.

DISPOSABLE INCOME

The difference between a debtor's current monthly income and allowable expenses. This is the amount that the new bankruptcy law deems available to pay into a Ch... (more...)

The difference between a debtor's current monthly income and allowable expenses. This is the amount that the new bankruptcy law deems available to pay into a Chapter 13 plan.

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.

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Trufant Collection Lawyer, Michigan

Sponsored Law Firm

Marrs & Terry, PLLC

SPONSORED LAWYERS

C Mark Stoppels

Kurt D. Peterson

Christine Lynn Welton

James R. Samuels

Andrew Lawrence Kortesoja

Brian L. Donovan

Erin Lee Fisher

Joseph M. Celello

Russell E. Lewis

Brian Lee Spitler

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LEGAL TERMS

FDCPA

LIQUIDATING PARTNER

FAIR CREDIT BILLING ACT (FCBA)

WINDING UP

PRIORITY DEBT

INTEREST

BULK SALES LAW

DISPOSABLE INCOME

FAIR DEBT COLLECTIONS & PRACTICES ACT (FDCPA)

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