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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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Nicole Lynn Thompson

Workers' Compensation, Contract, Collection, Wrongful Death

Status: Licensed: 23 Years

CONTACT

22461 Wildwood St, Saint Clair Shores, MI 48081

Sean R. O'Mara

Class Action, Criminal, Credit & Debt, Consumer Bankruptcy

Status: Licensed: 13 Years

CONTACT

24001 Greater Mack Ave, Saint Clair Shores, MI 48080

John J. Donahue III

Estate, Wills & Probate, Elder Law, Bankruptcy & Debt, Divorce & Family Law

Status: Licensed: 37 Years

FREE CONSULTATION

CONTACT

22201 Harper Ave, Saint Clair Shores, MI 48080

Ali Stephen Ramadan

Bankruptcy, Civil Rights, Estate, Foreclosure, Trusts

Status: Licensed: 37 Years

CONTACT

22336 Harper Ave, Saint Clair Shores, MI 48080

Jacqueline George

International Other, Criminal, Elder Law, Collection

Status: Licensed: 49 Years

CONTACT

25300 Little Mack Ave, Saint Clair Shores, MI 48081

Kurt A. O'Keefe

Bankruptcy, Real Estate, Traffic, Collection, Credit & Debt

Status: Licensed: 46 Years

CONTACT

1593 Torrey Rd, Grosse Pointe, MI 48236

Charissa Potts

Real Estate, Consumer Rights, Consumer Bankruptcy, Bankruptcy & Debt

Status:

CONTACT

18121 E 8 Mile Rd, Eastpointe, MI 48021

Joseph Grima

Bankruptcy & Debt, Bankruptcy, Collection, Credit & Debt, Litigation

FREE CONSULTATION

CONTACT

18232 Mack Ave, Grosse Pointe, MI 48236

Laura H. Mcmahon Lynch

Contract, Credit & Debt, Election & Political, Trusts

Status: Licensed: 42 Years

CONTACT

252 Lewiston Rd, Grosse Pointe, MI 48236

Mark A. Baun

Other, Litigation, Family Law, Consumer Bankruptcy

Status: Licensed: 49 Years

CONTACT

34 Beacon Hill Rd, Grosse Pointe, MI 48236

800-814-6700

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LEGAL TERMS

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.

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.

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.

ACCORD AND SATISFACTION

An agreement to settle a contract dispute by accepting less than what's due. This procedure is often used by creditors who want to cut their losses by collectin... (more...)

An agreement to settle a contract dispute by accepting less than what's due. This procedure is often used by creditors who want to cut their losses by collecting as much money as they can from debtors who cannot pay the full amount.

FRATERNAL BENEFIT SOCIETY BENEFITS

These are benefits, often group life insurance, paid for by fraternal societies to their members. Elks, Masons or Knights of Columbus are common fraternal socie... (more...)

These are benefits, often group life insurance, paid for by fraternal societies to their members. Elks, Masons or Knights of Columbus are common fraternal societies that provide benefits. Also called benefit society, benevolent society or mutual aid association benefits. Under bankruptcy laws, these benefits are virtually always considered exempt property.

401(K) PLAN

A deferred compensation savings program in which employees invest part of their wages, sometimes along with employer contributions, to save on taxes. No income ... (more...)

A deferred compensation savings program in which employees invest part of their wages, sometimes along with employer contributions, to save on taxes. No income taxes on the amount invested and any earnings are due until the employee withdraws money from the fund.

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.

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.

CYBERSQUATTING

Buying a domain name that reflects the name of a business or famous person with the intent of selling the name back to the business or celebrity for a profit. T... (more...)

Buying a domain name that reflects the name of a business or famous person with the intent of selling the name back to the business or celebrity for a profit. The Anticybersquatting Consumer Protection Act of 1999 authorizes a cybersquatting victim to file a federal lawsuit to regain a domain name or sue for financial compensation. Under the act, registering, selling or using a domain name with the intent to profit from someone else's good name is considered cybersquatting. Victims of cybersquatting can also use the provisions of the Uniform Domain Name Dispute Resolution Policy adopted by ICANN, an international tribunal administering domain names. This international policy results in arbitration of the dispute, not litigation.

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Algonac Bankruptcy & Debt Lawyer, Michigan, page 3

Sponsored Law Firm

Marrs & Terry, PLLC

SPONSORED LAWYERS

Nicole Lynn Thompson

Sean R. O'Mara

John J. Donahue III

Ali Stephen Ramadan

Jacqueline George

Kurt A. O'Keefe

Charissa Potts

Joseph Grima

Laura H. Mcmahon Lynch

Mark A. Baun

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LEGAL TERMS

COLLECTION AGENCY

BANKRUPTCY

BULK SALES LAW

ACCORD AND SATISFACTION

FRATERNAL BENEFIT SOCIETY BENEFITS

401(K) PLAN

WINDING UP

NONEXEMPT PROPERTY

CYBERSQUATTING

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