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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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Andrew Roberts Mikos

Criminal, Credit & Debt, Consumer Bankruptcy, Personal Injury

Status: In Good Standing Licensed: 22 Years

CONTACT

17200 W 10 Mile Rd, Southfield, MI 48075

Steven S. Vernier

Estate Planning, Family Law, Insurance, Credit & Debt

Status: In Good Standing Licensed: 46 Years

CONTACT

22815 Kelly Rd, Eastpointe, MI 48021

Michael A. Conway

Accident & Injury, Divorce & Family Law, Credit & Debt, Defamation & Slander, Employee Rights

Status: In Good Standing Licensed: 55 Years

CONTACT

65 Merriweather Rd, Grosse Pointe, MI 48236

Aaron Sheinfield

Bankruptcy & Debt, Bankruptcy, Collection, Credit & Debt

CONTACT

4000 Town Center, Southfield, MI 48075

Jesse R. Sweeney

Credit & Debt, Bankruptcy, Bankruptcy & Debt, Accident & Injury

Status: In Good Standing Licensed: 24 Years

CONTACT

28475 Greenfield Road, Southfield, MI 48076

Andrew Ian Johnston

International, Municipal, Contract, Credit & Debt

Status: In Good Standing Licensed: 9 Years

CONTACT

25900 Greenfield Rd, Oak Park, MI 48237

Terrance A. Hiller

Landlord-Tenant, Family Medical Leave Act (FMLA), Contract, Credit & Debt

Status: In Good Standing Licensed: 28 Years

CONTACT

31201 Chicago Rd South, Warren, MI 48093

Victoria L. Targosz

Landlord-Tenant, Litigation, Contract, Credit & Debt

Status: In Good Standing

CONTACT

15920 W 12 Mile Rd, Southfield, MI 48076

Lori J. Frank

Social Security, Business, Credit & Debt, Consumer Bankruptcy

Status: In Good Standing

CONTACT

16155 W 12 Mile Rd, Southfield, MI 48076

Kory Keith Shimek

Social Security, Estate Planning, Divorce, Credit & Debt

Status: In Good Standing Licensed: 10 Years

CONTACT

20300 Superior Rd, Taylor, MI 48180

800-923-0641

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LEGAL TERMS

FAIR LABOR STANDARDS ACT (FLSA)

A federal law that guarantees a worker's right to be paid fairly. The FLSA defines the 40-hour workweek, sets out the federal minimum wage, states requirements ... (more...)

A federal law that guarantees a worker's right to be paid fairly. The FLSA defines the 40-hour workweek, sets out the federal minimum wage, states requirements for overtime and places restrictions on child labor.

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.

FCBA

See Fair Credit Billing Act.

SECURED DEBT

A debt on which a creditor has a lien. The creditor can institute a foreclosure or repossession to take the property identified by the lien, called the collater... (more...)

A debt on which a creditor has a lien. The creditor can institute a foreclosure or repossession to take the property identified by the lien, called the collateral, to satisfy the debt if you default. Compare unsecured debt.

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.

COLLATERAL

Property that guarantees payment of a secured debt.

NONPROFIT CORPORATION

A legal structure authorized by state law allowing people to come together to either benefit members of an organization (a club, or mutual benefit society) or f... (more...)

A legal structure authorized by state law allowing people to come together to either benefit members of an organization (a club, or mutual benefit society) or for some public purpose (such as a hospital, environmental organization or literary society). Nonprofit corporations, despite the name, can make a profit, but the business cannot be designed primarily for profit-making purposes, and the profits must be used for the benefit of the organization or purpose the corporation was created to help. When a nonprofit corporation dissolves, any remaining assets must be distributed to another nonprofit, not to board members. As with for-profit corporations, directors of nonprofit corporations are normally shielded from personal liability for the organization's debts. Some nonprofit corporations qualify for a federal tax exemption under _ 501(c)(3) of the Internal Revenue Code, with the result that contributions to the nonprofit are tax deductible by their donors.

FAIR CREDIT BILLING ACT (FCBA)

A federal law that gives you rights when an error occurs on your credit card statement. You must notify the credit card company of the mistake within 60 days af... (more...)

A federal law that gives you rights when an error occurs on your credit card statement. You must notify the credit card company of the mistake within 60 days after it mailed the bill to you. The company must then correct the mistake, or at least acknowledge receipt of your letter within 30 days, and must correct the error within 90 days or explain why it believes the credit card statement is correct.

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.

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Detroit Credit & Debt Lawyer, Michigan, page 4

Sponsored Law Firm

Marrs & Terry, PLLC

SPONSORED LAWYERS

Andrew Roberts Mikos

Steven S. Vernier

Michael A. Conway

Aaron Sheinfield

Jesse R. Sweeney

Andrew Ian Johnston

Terrance A. Hiller

Victoria L. Targosz

Lori J. Frank

Kory Keith Shimek

TIPS

LEGAL TERMS

FAIR LABOR STANDARDS ACT (FLSA)

CREDIT BUREAU

FCBA

SECURED DEBT

401(K) PLAN

COLLATERAL

NONPROFIT CORPORATION

FAIR CREDIT BILLING ACT (FCBA)

LIABILITY

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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