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Tricia Terry
About | Articles
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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Larry A. Macdonald

Criminal, Collection

Status: In Good Standing Licensed: 43 Years

CONTACT

32 Market St, Mount Clemens, MI 48043

Klodiya Tawfik

Collection, Labor Law, Elder Law, Estate Planning, International

Status: In Good Standing

CONTACT

12311 Canterbury Dr, Sterling Heights, MI 48312

Stephen M. Steinhardt

Other, Federal Appellate Practice, Criminal, Collection

Status: In Good Standing Licensed: 31 Years

CONTACT

44 1St St, Mount Clemens, MI 48043

Thomas M. Hensel

Litigation, Collection, Bankruptcy, Bankruptcy & Debt

Status: In Good Standing

CONTACT

36250 Dequindre Rd, Sterling Heights, MI 48310

James S. Lawrence

Criminal, Constitutional Law, Civil Rights, Collection

Status: In Good Standing Licensed: 43 Years

CONTACT

235 S Gratiot Ave, Mount Clemens, MI 48043

Moneka L. Sanford

Family Law, Criminal, Children's Rights, Collection

Status: In Good Standing Licensed: 21 Years

CONTACT

Pontiac, MI 48343

Chloe W. Hickson

Social Security, Labor Law, Elder Law, Collection

Status: In Good Standing Licensed: 9 Years

CONTACT

693 Rolling Rock Rd, Bloomfield Hills, MI 48304

Ari W. Lehman

Transactions, Antitrust, Business, Collection

Status: In Good Standing Licensed: 19 Years

CONTACT

309 Southbound Gratiot, Mount Clemens, MI 48043

Lindsey Andrzejewski

Entertainment, Family Law, Collection, Labor Law

Status: In Good Standing

CONTACT

35251 Brittany Dr, New Baltimore, MI 48047

Ian Randall Rothe

Administrative Law, Collection, Animal Bite, Labor Law

Status: In Good Standing Licensed: 8 Years

CONTACT

859 Trombley Dr, Troy, MI 48083

800-923-0641

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LEGAL TERMS

PROCEEDS FOR DAMAGED EXEMPT PROPERTY

In a bankruptcy proceeding, money collected through insurance, arbitration, mediation, settlement or a lawsuit to pay for exempt property that's no longer exemp... (more...)

In a bankruptcy proceeding, money collected through insurance, arbitration, mediation, settlement or a lawsuit to pay for exempt property that's no longer exemptible because it has been damaged or destroyed.

NO-FAULT INSURANCE

Car insurance laws that require the insurance companies of each person in an accident to pay for medical bills and lost wages of their insured, up to a certain ... (more...)

Car insurance laws that require the insurance companies of each person in an accident to pay for medical bills and lost wages of their insured, up to a certain amount, regardless of who was at fault. The effect of no-fault insurance laws is to eliminate lawsuits in small accidents. The advantage is the prompt payment of medical bills and expenses. The downsides are that the amounts paid by no-fault policies are often not enough to fully cover a person's losses and that no-fault does not compensate for pain and suffering.

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.

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.

PRESUMED ABUSE

In a Chapter 7 bankruptcy, when the debtor's current monthly income exceeds the family median income for his or her state and he or she cannot pass the means te... (more...)

In a Chapter 7 bankruptcy, when the debtor's current monthly income exceeds the family median income for his or her state and he or she cannot pass the means test, the court will presume that the debtor has sufficient income to fund a Chapter 13 plan. In this situation, the debtor will not be allowed to proceed with a Chapter 7 bankruptcy unless the debtor can prove that he or she is not abusing the Chapter 7 bankruptcy remedy.

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.

DOING BUSINESS AS (DBA)

A situation in which a business owner operates a company under a name different from his or her real name. The owner must file a 'fictitious name statement' or ... (more...)

A situation in which a business owner operates a company under a name different from his or her real name. The owner must file a 'fictitious name statement' or similar document with the appropriate agency -- for example, the county clerk. This enables consumers to discover the names of the business owners, which is important if a consumer needs to sue the business.

COSIGNER

A person who signs his or her name to a loan agreement, lease or credit application. If the primary debtor does not pay, the cosigner is fully responsible for t... (more...)

A person who signs his or her name to a loan agreement, lease or credit application. If the primary debtor does not pay, the cosigner is fully responsible for the loan or debt. Many people use cosigners to qualify for a loan or credit card. Landlords may require a cosigner when renting to a student or someone with a poor credit history.

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.

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Washington Collection Lawyer, Michigan, page 5

Sponsored Law Firm

Marrs & Terry, PLLC

SPONSORED LAWYERS

Larry A. Macdonald

Klodiya Tawfik

Stephen M. Steinhardt

Thomas M. Hensel

James S. Lawrence

Moneka L. Sanford

Chloe W. Hickson

Ari W. Lehman

Lindsey Andrzejewski

Ian Randall Rothe

TIPS

LEGAL TERMS

PROCEEDS FOR DAMAGED EXEMPT PROPERTY

NO-FAULT INSURANCE

WINDING UP

INTEREST

PRESUMED ABUSE

FAIR CREDIT BILLING ACT (FCBA)

DOING BUSINESS AS (DBA)

COSIGNER

WORKOUT

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