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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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Includes: Bankruptcy Litigation, Commercial Bankruptcy, Consumer Bankruptcy, Dissolution

Brian L. Donovan

Bankruptcy, Estate, Real Estate, Collection

Status: In Good Standing Licensed: 45 Years

CONTACT

5181 Plainfield Ave Ne, Grand Rapids, MI 49525

Patricia L. Linscott

Native People, Administrative Law, Business, Consumer Bankruptcy

Status: In Good Standing Licensed: 31 Years

CONTACT

1819 Grand River Dr Ne, Ada, MI 49301

Robert N. Alt

Real Estate, Litigation, Family Law, Consumer Bankruptcy

Status: In Good Standing Licensed: 46 Years

CONTACT

2025 Pine Nook Ct Ne, Grand Rapids, MI 49525

James R. Oppenhuizen

Bankruptcy, Estate Planning, Family Law, Litigation

Status: In Good Standing Licensed: 19 Years

CONTACT

2810 E Beltline Ln Ne, Grand Rapids, MI 49525

Barbara Muller-Wilson

Real Estate, Consumer Rights, Children's Rights, Consumer Bankruptcy

Status: In Good Standing

CONTACT

979 Spaulding Ave Se, Ada, MI 49301

Barbara A. Muller-Wilson

Real Estate, Consumer Rights, Children's Rights, Consumer Bankruptcy

Status: In Good Standing Licensed: 35 Years

CONTACT

979 Spaulding Ave Se, Ada, MI 49301

Matthew J. Van Epps

Divorce & Family Law, Estate, Consumer Bankruptcy, Bankruptcy, Wills & Probate

Status: In Good Standing Licensed: 40 Years

FREE CONSULTATION

CONTACT

318 N Water St, Owosso, MI 48867

Barbara Bakeromerod

Estate Planning, Family Law, Elder Law, Consumer Bankruptcy

Status: In Good Standing

CONTACT

401 S Shiawassee St, Henderson, MI 48867

James Booth Burr

Real Estate, Estate Planning, Business, Consumer Bankruptcy

Status: In Good Standing

CONTACT

1430 Robinson Rd Se, Grand Rapids, MI 49506

800-923-0641

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LEGAL TERMS

LIEN

The right of a secured creditor to grab a specific item of property if you don't pay a debt. Liens you agree to are called security interests, and include mortg... (more...)

The right of a secured creditor to grab a specific item of property if you don't pay a debt. Liens you agree to are called security interests, and include mortgages, home equity loans, car loans and personal loans for which you pledge property to guarantee repayment. Liens created without your consent are called nonconsensual liens, and include judgment liens (liens filed by a creditor who has sued you and obtained a judgment), tax liens and mechanics liens (liens filed by a contractor who worked on your house but wasn't paid).

REDEMPTION

In Chapter 7 bankruptcy, when the debtor obtains legal title to collateral for a debt by paying the creditor the replacement value of the collateral in a lump s... (more...)

In Chapter 7 bankruptcy, when the debtor obtains legal title to collateral for a debt by paying the creditor the replacement value of the collateral in a lump sum. For example, a debtor may redeem a car note by paying the lender the amount a retail vendor would charge for the car, considering its age and condition.

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.

CHAPTER 7 BANKRUPTCY

The most familiar type of bankruptcy, in which many or all of your debts are wiped out completely in exchange for giving up your nonexempt property. Chapter 7 b... (more...)

The most familiar type of bankruptcy, in which many or all of your debts are wiped out completely in exchange for giving up your nonexempt property. Chapter 7 bankruptcy takes from three to six months, costs about $200, and commonly requires only one trip to the courthouse.

NUISANCE FEES

Money charged by some credit card companies to increase their profits when you fail to use the card the way the creditor wants. Examples include late payment fe... (more...)

Money charged by some credit card companies to increase their profits when you fail to use the card the way the creditor wants. Examples include late payment fees, inactivity fees and fees for not carrying a balance from month to month. It's best to shop around and get rid of cards that have these fees attached.

TOXIC TORT

A personal injury caused by exposure to a toxic substance, such as asbestos or hazardous waste. Victims can sue for medical expenses, lost wages and pain and su... (more...)

A personal injury caused by exposure to a toxic substance, such as asbestos or hazardous waste. Victims can sue for medical expenses, lost wages and pain and suffering.

S CORPORATION

A term that describes a profit-making corporation organized under state law whose shareholders have applied for and received subchapter S corporation status fro... (more...)

A term that describes a profit-making corporation organized under state law whose shareholders have applied for and received subchapter S corporation status from the Internal Revenue Service. Electing to do business as an S corporation lets shareholders enjoy limited liability status, as would be true of any corporation, but be taxed like a partnership or sole proprietor. That is, instead of being taxed as a separate entity (as would be the case with a regular or C corporation) an S corporation is a pass-through tax entity: income taxes are reported and paid by the shareholders, not the S corporation. To qualify as an S corporation a number of IRS rules must be met, such as a limit of 75 shareholders and citizenship requirements.

GRACE PERIOD

A period of time during which you are not required to make payments on a debt. For example, most credit cards give you a grace period of 20-30 days before you h... (more...)

A period of time during which you are not required to make payments on a debt. For example, most credit cards give you a grace period of 20-30 days before you have to pay interest on the amount of your purchases. Cash advances, however, usually have no grace period; interest begins to accumulate from the date of the withdrawal, even if you pay your bills on time. Also, some student loans give you a grace period after graduating or dropping out of school. During this time, you are not required to make payments on your loan.

SUBROGATION

A taking on of the legal rights of someone whose debts or expenses have been paid. For example, subrogation occurs when an insurance company that has paid off i... (more...)

A taking on of the legal rights of someone whose debts or expenses have been paid. For example, subrogation occurs when an insurance company that has paid off its injured claimant takes the legal rights the claimant has against a third party that caused the injury, and sues that third party.

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Winn Bankruptcy Lawyer, Michigan, page 2

Sponsored Law Firm

Marrs & Terry, PLLC

SPONSORED LAWYERS

Brian L. Donovan

Patricia L. Linscott

Robert N. Alt

James R. Oppenhuizen

Barbara Muller-Wilson

Barbara A. Muller-Wilson

Matthew J. Van Epps

Barbara Bakeromerod

James Booth Burr

TIPS

LEGAL TERMS

LIEN

REDEMPTION

DOING BUSINESS AS (DBA)

CHAPTER 7 BANKRUPTCY

NUISANCE FEES

TOXIC TORT

S CORPORATION

GRACE PERIOD

SUBROGATION

SAMPLE LEGAL CASES

RDM Holdings, Ltd. v. Continental Plastics Co.

Gulf Underwriters Ins. Co. v. McCLAIN INDUSTRIES, INC.

MICHIGAN COMMERCE BANK v. PALMS INVESTMENTS, LLC

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