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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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Melissa D. Francis

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

Status: In Good Standing

FREE CONSULTATION

CONTACT

6553 Jackson Road, Ann Arbor, MI 48103

Jeffrey G. Bennett

Farms, DUI-DWI, Criminal, Bankruptcy

Status: In Good Standing

FREE CONSULTATION

CONTACT

214 South Main Street, Ann Arbor, MI 48104

Thomas R. Morris

Landlord-Tenant, International, Electronic Commerce, Banking & Finance, Collection

Status: In Good Standing

CONTACT

3258 Broad St, Dexter, MI 48130

Stephen James Chuparkoff

Bankruptcy & Debt, Commercial Bankruptcy, Bankruptcy Litigation, Personal Injury

Status: In Good Standing Licensed: 38 Years

CONTACT

3258 Broad St, Dexter, MI 48130

Robert Thomas Castor

Litigation, Corporate, Banking & Finance, Credit & Debt

Status: In Good Standing Licensed: 18 Years

CONTACT

6248 Huron Creek Ct, Dexter, MI 48130

Patricia Ann Klavon

Other, Criminal, Administrative Law, Bankruptcy

Status: In Good Standing

CONTACT

6248 Huron Creek Ct, Dexter, MI 48130

Stephen Zamansky

Corporate, Business, Bankruptcy & Debt

Status: In Good Standing

CONTACT

5299 Vaughn Rd, Dexter, MI 48130

David L. Kasper

Lawsuit & Dispute, Consumer Rights, Business, Bankruptcy & Debt

Status: In Good Standing Licensed: 31 Years

CONTACT

1136 Baker Rd, Dexter, MI 48130

Tyson F. Howard

Government, Bankruptcy & Debt

Status: In Good Standing Licensed: 22 Years

CONTACT

8212 Bayberry Ct, Dexter, MI 48130

Stephen John Galgan

Labor Law, Elder Law, Contract, Credit & Debt

Status: In Good Standing Licensed: 13 Years

CONTACT

335 Steinbach Rd, Chelsea, MI 48118

800-923-0641

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LEGAL TERMS

UNSECURED DEBT

A debt that is not tied to any item of property. A creditor doesn't have the right to grab property to satisfy the debt if you default. The creditor's only reme... (more...)

A debt that is not tied to any item of property. A creditor doesn't have the right to grab property to satisfy the debt if you default. The creditor's only remedy is to sue you and get a judgment. Compare secured debt.

SOLE PROPRIETORSHIP

A business owned and managed by one person (or for tax purposes, a husband and wife). For IRS purposes, a sole proprietor and her business are one tax entity, m... (more...)

A business owned and managed by one person (or for tax purposes, a husband and wife). For IRS purposes, a sole proprietor and her business are one tax entity, meaning that business profits are reported and taxed on the owner's personal tax return. Setting up a sole proprietorship is cheap and easy since no legal formation documents need be filed with any governmental agency (although tax registration and other permit and license requirements may still apply). Once you file a fictitious name statement (assuming you don't use your own name) and obtain any required basic tax permits and business licenses, you'll be in business. The main downside of a sole proprietorship is that its owner is personally liable for all business debts.

FORBEARANCE

Voluntarily refraining from doing something, such as asserting a legal right. For example, a creditor may forbear on its right to collect a debt by temporarily ... (more...)

Voluntarily refraining from doing something, such as asserting a legal right. For example, a creditor may forbear on its right to collect a debt by temporarily postponing or reducing the borrower's payments.

CREDITOR

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

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.

FAIR CREDIT REPORTING ACT (FCRA)

A federal law that is designed to prevent inaccurate or obsolete information from entering or remaining in a credit report. The law requires credit bureaus to a... (more...)

A federal law that is designed to prevent inaccurate or obsolete information from entering or remaining in a credit report. The law requires credit bureaus to adopt reasonable procedures for gathering, maintaining and disseminating information and bars credit bureaus from reporting negative information that is older than seven years, except a bankruptcy, which may be reported for ten. If you notify a credit bureau of an error in your credit report, the FCRA requires the bureau to investigate your allegations within 30 days, review all information you provide, remove inaccurate and unverified information and adopt procedures to keep the information from reappearing. In addition, the law requires that creditors refrain from reporting incorrect information to credit bureaus.

LIQUIDATING PARTNER

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

CCCS

See Consumer Credit Counseling Service.

MEETING OF CREDITORS

A meeting held with the bankruptcy trustee about a month after you file for bankruptcy. You must attend. The trustee reviews your bankruptcy papers and asks a f... (more...)

A meeting held with the bankruptcy trustee about a month after you file for bankruptcy. You must attend. The trustee reviews your bankruptcy papers and asks a few questions. In a Chapter 7, the meeting of creditors lasts a few minutes and rarely do any creditors show up. In a Chapter 13 bankruptcy, one or two creditors may attend, especially if they disagree with some provision of your repayment plan.

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Dexter Bankruptcy & Debt Lawyer, Michigan

Sponsored Law Firm

Marrs & Terry, PLLC

SPONSORED LAWYERS

Melissa D. Francis

Jeffrey G. Bennett

Thomas R. Morris

Stephen James Chuparkoff

Robert Thomas Castor

Patricia Ann Klavon

Stephen Zamansky

David L. Kasper

Tyson F. Howard

Stephen John Galgan

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LEGAL TERMS

UNSECURED DEBT

SOLE PROPRIETORSHIP

FORBEARANCE

CREDITOR

SECURED DEBT

FAIR CREDIT REPORTING ACT (FCRA)

LIQUIDATING PARTNER

CCCS

MEETING OF CREDITORS

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