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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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Troy Green

Credit & Debt, Bankruptcy, Bankruptcy & Debt

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2290 E. Hill Rd., Grand Blanc, MI 48439

Michael C. Weiss

Medicare & Medicaid, Family Law, Elder Law, Credit & Debt

Status: Licensed: 48 Years

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2 Berger Rd, Saginaw, MI 48602

Kimberly A. Kramer

Foreclosure, Credit & Debt, Consumer Bankruptcy, Bankruptcy

Status: Licensed: 27 Years

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916 Washington Ave, Bay City, MI 48708

Edward H. Powers

Construction, Mediation, Contract, Credit & Debt

Status: Licensed: 58 Years

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1071 Briarcliffe Drive, Flint, MI 48532

Dawn Marie Weier

Conveyancing, DUI-DWI, Contract, Credit & Debt, Lawsuit & Dispute

Status: Licensed: 24 Years

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2387 S Linden Rd, Flint, MI 48532

Seth Lantz Neblock

Landlord-Tenant, Elder Law, Contract, Credit & Debt

Status: Licensed: 13 Years

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436 S Saginaw St, Flint, MI 48502

W. Jay Brown

Construction, Contract, Credit & Debt, Defamation & Slander

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414 Townsend St, Midland, MI 48640

Jay W. Brown

Contract, Credit & Debt, Defamation & Slander, Construction

Status: Licensed: 27 Years

CONTACT

414 Townsend St, Midland, MI 48640

Maynard F. Newman

Construction, Federal Appellate Practice, Contract, Credit & Debt

Status: Licensed: 23 Years

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10801 S Saginaw St, Grand Blanc, MI 48439

Ryan Mahlon Moldovan

Other, Credit & Debt, Consumer Bankruptcy, Commercial Bankruptcy, Bankruptcy & Debt

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189 W Clarkston Rd, Lake Orion, MI 48362

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LEGAL TERMS

CREDITOR

A person or entity (such as a bank) to whom a debt is owed.

CREDIT FILE

See credit report.

PROCEEDS FOR DAMAGED EXEMPT PROPERTY

In a bankruptcy proceeding, money collected through insurance, arbitration, mediation, settlement or a lawsuit to pay for exempt property that's no longer exemp... (more...)

In a bankruptcy proceeding, money collected through insurance, arbitration, mediation, settlement or a lawsuit to pay for exempt property that's no longer exemptible because it has been damaged or destroyed.

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.

NONDISCHARGEABLE DEBTS

Debts that cannot be erased by filing for bankruptcy. If you file for Chapter 7 bankruptcy, these debts will remain when your case is over. If you file for Chap... (more...)

Debts that cannot be erased by filing for bankruptcy. If you file for Chapter 7 bankruptcy, these debts will remain when your case is over. If you file for Chapter 13 bankruptcy, the nondischargeable debts will have to be paid in full during your plan or you will have a balance at the end of your case. Examples of nondischargeable debts include alimony and child support, most income tax debts, many student loans and debts for personal injury or death caused by drunk driving. Compare dischargeable debts.

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.

INTEREST

A commission you pay a bank or other creditor for lending you money or extending you credit. An interest rate represents the annual percentage that is added to ... (more...)

A commission you pay a bank or other creditor for lending you money or extending you credit. An interest rate represents the annual percentage that is added to your balance. This means that if your loan or credit line has an interest rate of 8%, the holder adds 8% to the balance each year. More specifically, interest is calculated and added to your loan or credit line through a process called compounding. If interest is compounded daily, the balance will rise by 1/365th of 8% each day. If interest is compounded monthly, the balance will rise 1/12th of 8% at the start of each month.

HOUSEHOLDER

A person who supports and maintains a household, with or without other people. In bankruptcy law, a householder, housekeeper or head of household can claim a ho... (more...)

A person who supports and maintains a household, with or without other people. In bankruptcy law, a householder, housekeeper or head of household can claim a homestead exemption and possibly other exemptions relating to the maintenance of the household.

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.

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Bridgeport Credit & Debt Lawyer, Michigan

Sponsored Law Firm

Marrs & Terry, PLLC

SPONSORED LAWYERS

Troy Green

Michael C. Weiss

Kimberly A. Kramer

Edward H. Powers

Dawn Marie Weier

Seth Lantz Neblock

W. Jay Brown

Jay W. Brown

Maynard F. Newman

Ryan Mahlon Moldovan

TIPS

LEGAL TERMS

CREDITOR

CREDIT FILE

PROCEEDS FOR DAMAGED EXEMPT PROPERTY

BULK SALES LAW

NONDISCHARGEABLE DEBTS

TRADE DRESS

INTEREST

HOUSEHOLDER

REAFFIRMATION

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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