Drummond Island Reorganization Lawyer, Michigan, page 4

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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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Jocelyn K. Fabry

Native People, Civil & Human Rights

Status: In Good Standing Licensed: 20 Years

CONTACT

2175 Shunk Rd, Sault Sainte Marie, MI 49783

Anthony E. Andary

General Practice

Status: In Good Standing Licensed: 44 Years

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Sault Sainte Marie, MI 49783

Elizabeth L. Askwith

General Practice

Status: Inactive Licensed: 53 Years

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Sault Sainte Marie, MI 49783

Gail P. Massad

Other, Criminal

Status: In Good Standing Licensed: 43 Years

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15589 Whippoorwill Ln, Millersburg, MI 49759

Brian A. Peppler

General Practice

Status: Inactive Licensed: 45 Years

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7332 S Ridge Rd, Sault Sainte Marie, MI 49783

Margaret E. Vroman

Biotechnology, Business, Legal Malpractice

Status: In Good Standing Licensed: 42 Years

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15270 Plover Ln, Millersburg, MI 49759

David J. Whyte

Native People, Family Law, Estate Planning, Elder Law

Status: In Good Standing Licensed: 40 Years

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888 S Westshore Dr, Sault Sainte Marie, MI 49783

Mary P. Cauley

Lawsuit & Dispute, Employment

Status: In Good Standing Licensed: 39 Years

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5863 Krouse Rd, Cheboygan, MI 49721

Leonard R. Page

Labor Law

Status: In Good Standing Licensed: 52 Years

CONTACT

9482 Page Rd, Cheboygan, MI 49721

Kathleen M. Maine

Real Estate, Government, Divorce & Family Law, Civil & Human Rights

Status: In Good Standing Licensed: 33 Years

CONTACT

4234 I 75 Business Spur, Sault Sainte Marie, MI 49783

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LEGAL TERMS

FDCPA

See Fair Debt Collections & Practices Act.

LIQUIDATING PARTNER

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

FRAUDULENT TRANSFER

In a bankruptcy case, a transfer of property to another for less than the property's value for the purpose of hiding the property from the bankruptcy trustee --... (more...)

In a bankruptcy case, a transfer of property to another for less than the property's value for the purpose of hiding the property from the bankruptcy trustee -- for instance, when a debtor signs a car over to a relative to keep it out of the bankruptcy estate. Fraudulently transferred property can be recovered and sold by the trustee for the benefit of the creditors.

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.

COLLECTION AGENCY

A company hired by a creditor to collect a debt that it is owed. Creditors typically hire a collection agency only after they have made efforts to collect the d... (more...)

A company hired by a creditor to collect a debt that it is owed. Creditors typically hire a collection agency only after they have made efforts to collect the debt themselves, typically through letters (called 'dunning' letters) and telephone calls. Collection agencies are regulated by the federal Fair Debt Collection Practices Act. Unfortunately, too many collectors ignore this law.

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.

GENERAL PARTNER

A person who joins with at least one other to own and operate a business for profit -- and who (unlike a corporation's owners), is personally liable for all the... (more...)

A person who joins with at least one other to own and operate a business for profit -- and who (unlike a corporation's owners), is personally liable for all the business's debts and obligations. A general partner's actions can legally bind the entire business. See also partnership, limited partnership.

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.

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.

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Drummond Island Reorganization Lawyer, Michigan, page 4

Sponsored Law Firm

Marrs & Terry, PLLC

SPONSORED LAWYERS

Jocelyn K. Fabry

Anthony E. Andary

Elizabeth L. Askwith

Gail P. Massad

Brian A. Peppler

Margaret E. Vroman

David J. Whyte

Mary P. Cauley

Leonard R. Page

Kathleen M. Maine

TIPS

LEGAL TERMS

FDCPA

LIQUIDATING PARTNER

FRAUDULENT TRANSFER

GRACE PERIOD

COLLECTION AGENCY

REAFFIRMATION

GENERAL PARTNER

FAIR CREDIT REPORTING ACT (FCRA)

SECURED DEBT

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