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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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Jeffrey G. Bennett

Farms, DUI-DWI, Criminal, Bankruptcy

Status: In Good Standing

FREE CONSULTATION

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214 South Main Street, Ann Arbor, MI 48104

Melissa D. Francis

Bankruptcy & Debt, Condominiums, Residential Real Estate, Real Estate

Status: In Good Standing

FREE CONSULTATION

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6553 Jackson Road, Ann Arbor, MI 48103

Donald C. Wilson

Real Estate, Litigation, Administrative Law, Bankruptcy

Status: In Good Standing

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700 Towner Street, Ypsilanti, MI 48198

Thomas Paluchniak

Collection, Consumer Bankruptcy, Commercial Bankruptcy, Bankruptcy

Status: In Good Standing

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712 Stanley St, Ypsilanti, MI 48198

Gary L. Sackett

Tax, Transportation & Shipping, Elder Law, Bankruptcy

Status: In Good Standing

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8556 N. Canton Center Road, Canton, MI 48188

Darin Kurt Weinberg

Divorce & Family Law, Criminal, Bankruptcy, Accident & Injury

Status: In Good Standing

FREE CONSULTATION

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38110 N. Executive Drive, Westland, MI 48185

Charles J. Schneider

Bankruptcy, Bankruptcy & Debt, Credit & Debt

Status: In Good Standing

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39319 Plymouth Rd, Livonia, MI 48150

Sandra K. Alexander

Real Estate, Estate Planning, Business, Credit & Debt

Status: In Good Standing

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7125 Orchard Lake Road, West Bloomfield, MI 48322

Meagan Dreher

Native People, Administrative Law, Collection, Litigation

Status: In Good Standing

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302 E Liberty St, Ann Arbor, MI 48104

Todd L. Moore

Intellectual Property, Immigration, Contract, Bankruptcy

Status: In Good Standing Licensed: 33 Years

CONTACT

301 E Liberty St, Ann Arbor, MI 48104

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.

FDCPA

See Fair Debt Collections & Practices Act.

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.

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.

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.

LIABILITY

(1) The state of being liable--that is, legally responsible for an act or omission. Example:Peri hires Paul to fix a broken pipe in her bathroom, but the new pi... (more...)

(1) The state of being liable--that is, legally responsible for an act or omission. Example:Peri hires Paul to fix a broken pipe in her bathroom, but the new pipe bursts the day after Paul installs it, ruining the bathroom floor. This raises the issue of liability: Who is responsible for the damage? Peri claims that Paul is responsible, and sues him for the cost of hiring another plumber to fix the pipe and replacing the floor. Paul, in turn, claims that the pipe manufacturer is responsible, because they supplied him with faulty materials. Both Peri and Paul must prove their claims in court; if Paul and/or the manufacturer is found liable, one or both will have to pay damages to Peri. (2) Something for which a person is liable. For example, a debt is often called a liability.

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.

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.

AUTOMATIC STAY

An injunction automatically issued by the bankruptcy court when a debtor files for bankruptcy. The automatic stay prohibits most creditor collection activities,... (more...)

An injunction automatically issued by the bankruptcy court when a debtor files for bankruptcy. The automatic stay prohibits most creditor collection activities, such as filing or continuing lawsuits, making written requests for payment, or notifying credit reporting bureaus of an unpaid debt.

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Ann Arbor Bankruptcy & Debt Lawyer, Michigan

Sponsored Law Firm

Marrs & Terry, PLLC

SPONSORED LAWYERS

Jeffrey G. Bennett

Melissa D. Francis

Donald C. Wilson

Thomas Paluchniak

Gary L. Sackett

Darin Kurt Weinberg

Charles J. Schneider

Sandra K. Alexander

Meagan Dreher

Todd L. Moore

TIPS

LEGAL TERMS

NO-FAULT INSURANCE

FDCPA

BULK SALES LAW

LIMITED PARTNERSHIP

GRACE PERIOD

LIABILITY

WORKOUT

ADMINISTRATIVE EXPENSES

AUTOMATIC STAY

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