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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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3. Articles
  Click here to read some legal arcticles published by Tricia Terry
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Daniel Boroja

Social Security, Family Law, Contract, Collection, Traffic

Status: In Good Standing

CONTACT

49139 Schoenherr Rd, Utica, MI 48315

Daniel Lee Mcgookey

Litigation, Corporate, Banking & Finance, Collection

Status: In Good Standing Licensed: 58 Years

CONTACT

25875 Salem Rd, Huntington Woods, MI 48070

Daniel S. Palmer

Lawsuit & Dispute, Criminal, Consumer Rights, Collection

Status: In Good Standing Licensed: 35 Years

CONTACT

30500 Van Dyke Avenue, Warren, MI 48093

David B. Rosenberg

Medical Products & Devices, Criminal, Contract, Collection, Deportation

Status: In Good Standing Licensed: 48 Years

CONTACT

49136 Van Dyke Ave, Utica, MI 48317

David H. Freedman

Lawsuit, Contract, Business, Collection

Status: In Good Standing

CONTACT

28400 Northwestern Hwy, Southfield, MI 48034

David Benjamin Bokor

Commercial Real Estate, Family Law, Collection, Bankruptcy

Status: In Good Standing Licensed: 31 Years

CONTACT

121 W Long Lake Rd, Bloomfield Hills, MI 48304

David Robert Stimpert

Wills & Probate, Elder Law, Corporate, Collection

Status: In Good Standing Licensed: 18 Years

CONTACT

39572 Woodward Ave, Bloomfield Hills, MI 48304

David W. Williams

Litigation, Lawsuit & Dispute, Collection, Federal Appellate Practice

Status: In Good Standing

CONTACT

1200 N. Telegraph Road, Pontiac, MI 48341

David C. Myers

Collection

Status: In Good Standing

CONTACT

33233 Woodward Avenue, Birmingham, MI 48009

Dean Roy Nelson

Commercial Real Estate, Litigation, Contract, Collection

Status: In Good Standing Licensed: 17 Years

CONTACT

700 E Maple Rd, Birmingham, MI 48009

800-923-0641

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LEGAL TERMS

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.

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.

LIMITED PARTNERSHIP

A business structure that allows one or more partners (called limited partners) to enjoy limited personal liability for partnership debts while another partner ... (more...)

A business structure that allows one or more partners (called limited partners) to enjoy limited personal liability for partnership debts while another partner or partners (called general partners) have unlimited personal liability. The key difference between a general and limited partner concerns management decision making--general partners run the business, and limited partners, who are usually passive investors, are not allowed to make day-to-day business decisions. If they do, they risk being treated as general partners with unlimited personal liability.

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.

COLLECTION AGENCY

A company hired by a creditor to collect a debt that it is owed. Creditors typically hire a collection agency only after they have made efforts to collect the d... (more...)

A company hired by a creditor to collect a debt that it is owed. Creditors typically hire a collection agency only after they have made efforts to collect the debt themselves, typically through letters (called 'dunning' letters) and telephone calls. Collection agencies are regulated by the federal Fair Debt Collection Practices Act. Unfortunately, too many collectors ignore this law.

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.

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.

BANKRUPTCY

A legal proceeding that relieves you of the responsibility of paying your debts or provides you with protection while attempting to repay your debts. There are ... (more...)

A legal proceeding that relieves you of the responsibility of paying your debts or provides you with protection while attempting to repay your debts. There are two types of bankruptcies -- liquidation, in which your debts are wiped out (discharged) and reorganization, in which you provide the court with a plan for how you intend to repay your debts. For both consumers and business, liquidation bankruptcy is called Chapter 7. For consumers, reorganization bankruptcy is called Chapter 13. Reorganization bankruptcy for consumers with an extraordinary amount of debt and for businesses is called Chapter 11. Reorganization bankruptcy for family farmers is called Chapter 12.

CREDIT REPORT

An account of your credit history, prepared by a credit bureau. A credit report will contain both credit history, such as what you owe to whom and whether you m... (more...)

An account of your credit history, prepared by a credit bureau. A credit report will contain both credit history, such as what you owe to whom and whether you make the payments on time, as well as personal history, such as your former addresses, employment record and lawsuits in which you have been involved. An estimated 50% of all credit reports contain errors, such as accounts that don't belong to you, an incorrect account status or information reported that is older than seven years (ten years in the case of a bankruptcy).

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Washington Collection Lawyer, Michigan, page 6

Sponsored Law Firm

Marrs & Terry, PLLC

SPONSORED LAWYERS

Daniel Boroja

Daniel Lee Mcgookey

Daniel S. Palmer

David B. Rosenberg

David H. Freedman

David Benjamin Bokor

David Robert Stimpert

David W. Williams

David C. Myers

Dean Roy Nelson

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LEGAL TERMS

NO-FAULT INSURANCE

FAIR CREDIT REPORTING ACT (FCRA)

LIMITED PARTNERSHIP

INTEREST

COLLECTION AGENCY

PROCEEDS FOR DAMAGED EXEMPT PROPERTY

GUARANTOR

BANKRUPTCY

CREDIT REPORT

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