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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.
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Michael D. Almassian

Insurance, Corporate, Credit & Debt, Bankruptcy

Status: In Good Standing

FREE CONSULTATION

CONTACT

230 East Fulton Street, Grand Rapids, MI 49503

Victoria Lynn Smalley

Dispute Resolution, Social Security, Family Law, Credit & Debt

Status: In Good Standing Licensed: 9 Years

CONTACT

3996 Chicago Dr Sw, Grandville, MI 49418

David C. Wood

Commercial Real Estate, Government, Estate Planning, Credit & Debt

Status: In Good Standing Licensed: 37 Years

CONTACT

Grand Rapids, MI 49515

Natalie L. Montgomery

Government, Credit & Debt

Status: In Good Standing Licensed: 25 Years

CONTACT

2343 Plymouth Ave Se, Grand Rapids, MI 49506

Brian E. Kersey

Electronic Commerce, Aviation, Business, Credit & Debt

Status: In Good Standing Licensed: 24 Years

CONTACT

99 Monroe Ave Nw, Grand Rapids, MI 49503

Thomas Worsfold

Landlord-Tenant, Litigation, Criminal, Credit & Debt, Personal Injury

Status: In Good Standing Licensed: 15 Years

CONTACT

99 Monroe Ave Nw, Grand Rapids, MI 49503

Jeshua Thomas Lauka

Real Estate, Estate Planning, Business, Credit & Debt

Status: In Good Standing Licensed: 16 Years

CONTACT

99 Monroe Ave Nw, Grand Rapids, MI 49503

Michael Anthony Spencer

Contract, Landlord-Tenant, Credit & Debt, Trusts

Status: In Good Standing Licensed: 11 Years

CONTACT

-, Grand Rapids, MI 49503

Michael Kyle Floyd

Litigation, Credit & Debt

Status: In Good Standing Licensed: 25 Years

CONTACT

2618 East Paris Avenue Se, Grand Rapids, MI 49546

David Edward Szostek

Litigation, Intellectual Property, Business, Credit & Debt

Status: In Good Standing Licensed: 11 Years

CONTACT

2010 44th St SE, Grand Rapids, MI 49508

800-923-0641

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LEGAL TERMS

TRADE DRESS

The distinctive packaging or design of a product that promotes the product and distinguishes it from other products in the marketplace -- for example, the shape... (more...)

The distinctive packaging or design of a product that promotes the product and distinguishes it from other products in the marketplace -- for example, the shape of Frangelico liqueur bottles. Trade dress can be protected under trademark law if a showing can be made that the average consumer would likely be confused as to product origin if another product were allowed to appear in similar dress.

CHAPTER 13 BANKRUPTCY

The reorganization bankruptcy for consumers, in which you partially or fully repay your debts. In Chapter 13 bankruptcy, you keep your property and use your inc... (more...)

The reorganization bankruptcy for consumers, in which you partially or fully repay your debts. In Chapter 13 bankruptcy, you keep your property and use your income to pay all or a portion of the debts over three to five years. The minimum amount you must pay is roughly equal to the value of your nonexempt property. In addition, you must pledge your disposable net income -- after subtracting reasonable expenses -- for the period during which you are making payments. At the end of the three-to five-year period, the balance of what you owe on most debts is erased.

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.

NONEXEMPT PROPERTY

The property you risk losing to your creditors when you file a Chapter 7 bankruptcy or when a creditor sues you and wins a judgment. Nonexempt property typicall... (more...)

The property you risk losing to your creditors when you file a Chapter 7 bankruptcy or when a creditor sues you and wins a judgment. Nonexempt property typically includes valuable clothing (furs) and electronic equipment, an expensive car that's been paid off and most of the equity in your house. Compare exempt property.

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.

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.

DISCHARGE (OF DEBTS)

A bankruptcy court's erasure of the debts of a person or business that has filed for bankruptcy.

REAFFIRMATION

An agreement that a debtor and a creditor enter into after a debtor has filed for bankruptcy, in which the debtor agrees to repay all or part of an existing deb... (more...)

An agreement that a debtor and a creditor enter into after a debtor has filed for bankruptcy, in which the debtor agrees to repay all or part of an existing debt after the bankruptcy case is over. For instance, a debtor might make a reaffirmation agreement with the holder of a car note that the debtor can keep the car and must continue to pay the debt after bankruptcy.

Wyoming Credit & Debt Lawyer, Michigan

Sponsored Law Firm

Marrs & Terry, PLLC

SPONSORED LAWYERS

Michael D. Almassian

Victoria Lynn Smalley

David C. Wood

Natalie L. Montgomery

Brian E. Kersey

Thomas Worsfold

Jeshua Thomas Lauka

Michael Anthony Spencer

Michael Kyle Floyd

David Edward Szostek

TIPS

LEGAL TERMS

TRADE DRESS

CHAPTER 13 BANKRUPTCY

WORKOUT

NONEXEMPT PROPERTY

FRAUDULENT TRANSFER

FAIR DEBT COLLECTIONS & PRACTICES ACT (FDCPA)

DISCHARGE (OF DEBTS)

REAFFIRMATION

CREDITOR

SAMPLE LEGAL CASES

New Freedom Mtg. Corp. v. Globe Mtg. Corp.

Barth v. FIRST CONSUMER CREDIT, INC.

CHARTER ONE BANK NA v. JP Morgan Chase Bank, NA

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