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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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Michael Kitchen

Intellectual Property, Divorce & Family Law, Criminal, Collection

Status: Licensed: 17 Years

CONTACT

59 N Walnut St, Mount Clemens, MI 48043

James S. Lawrence

Criminal, Constitutional Law, Civil Rights, Collection

Status: Licensed: 44 Years

CONTACT

235 S Gratiot Ave, Mount Clemens, MI 48043

Larry A. Macdonald

Criminal, Collection

Status: Licensed: 44 Years

CONTACT

32 Market St, Mount Clemens, MI 48043

Donald C. Wheaton

Trusts, Divorce, Divorce & Family Law, Collection, Medical Malpractice

Status: Licensed: 36 Years

CONTACT

Saint Clair Shores, MI 48080

Nicole Lynn Thompson

Workers' Compensation, Contract, Collection, Wrongful Death

Status: Licensed: 23 Years

CONTACT

22461 Wildwood St, Saint Clair Shores, MI 48081

Jacqueline George

International Other, Criminal, Elder Law, Collection

Status: Licensed: 49 Years

CONTACT

25300 Little Mack Ave, Saint Clair Shores, MI 48081

Joseph Grima

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

FREE CONSULTATION

CONTACT

18232 Mack Ave, Grosse Pointe, MI 48236

John Mark Wilk

Federal Appellate Practice, Contract, Business, Collection, Municipal

Status: Licensed: 20 Years

CONTACT

1316 Bishop Road, Grosse Pointe, MI 48230

800-814-6700

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LEGAL TERMS

LIQUIDATING PARTNER

The member of an insolvent or dissolving partnership responsible for paying the debts and settling the accounts of the partnership.

ADMINISTRATIVE EXPENSES

The trustee's fee, the debtor's attorney fees, and other costs of bringing a bankruptcy case that a debtor must pay in full in a Chapter 13 repayment plan. Admi... (more...)

The trustee's fee, the debtor's attorney fees, and other costs of bringing a bankruptcy case that a debtor must pay in full in a Chapter 13 repayment plan. Administrative costs are typically 10% of the debtor's total payments under the plan.

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.

CURRENT MONTHLY INCOME

As defined by the new bankruptcy law, a bankruptcy filer's total gross income (whether taxable or not), averaged over the six-month period immediately preceding... (more...)

As defined by the new bankruptcy law, a bankruptcy filer's total gross income (whether taxable or not), averaged over the six-month period immediately preceding the bankruptcy filing. The debtor's current monthly income is used to determine whether the debtor can file for Chapter 7 bankruptcy, among other things.

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.

DISCHARGE (OF DEBTS)

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

ABUSE

Misuse of the Chapter 7 bankruptcy remedy. This term is typically applied to Chapter 7 bankruptcy filings that should have been filed under Chapter 13, because ... (more...)

Misuse of the Chapter 7 bankruptcy remedy. This term is typically applied to Chapter 7 bankruptcy filings that should have been filed under Chapter 13, because the debtor appears to have enough disposable income to fund a Chapter 13 repayment plan.

DEBIT CARD

A card issued by a bank that combines the functions of an ATM card and checks. A debit card can be used to withdraw cash at a bank like an ATM card, and it can ... (more...)

A card issued by a bank that combines the functions of an ATM card and checks. A debit card can be used to withdraw cash at a bank like an ATM card, and it can also be used at stores to pay for goods and services in place of a check. Unlike a credit card, a debit card automatically withdraws money from your checking account at the time of the transaction. Debit cards are regulated by the Electronic Funds Transfer Act.

CREDIT BUREAU

A private, profit-making company that collects and sells information about a person's credit history. Typical clients include banks, mortgage lenders and credit... (more...)

A private, profit-making company that collects and sells information about a person's credit history. Typical clients include banks, mortgage lenders and credit card companies that use the information to screen applicants for loans and credit cards. There are three major credit bureaus, Equifax, Experian and Trans Union, and they are regulated by the federal Fair Credit Reporting Act.

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Algonac Collection Lawyer, Michigan

Sponsored Law Firm

Marrs & Terry, PLLC

SPONSORED LAWYERS

Michael Kitchen

James S. Lawrence

Larry A. Macdonald

Donald C. Wheaton

Nicole Lynn Thompson

Jacqueline George

Joseph Grima

John Mark Wilk

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LEGAL TERMS

LIQUIDATING PARTNER

ADMINISTRATIVE EXPENSES

REDEMPTION

CURRENT MONTHLY INCOME

BULK SALES LAW

DISCHARGE (OF DEBTS)

ABUSE

DEBIT CARD

CREDIT BUREAU

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