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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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Charles E. Randau

Lawsuit & Dispute, Employment, DUI-DWI, Bankruptcy

Status: In Good Standing

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1000 Maccabees Center, 25800 Northwestern Highway, Southfield, MI 48075

David E. Tovarez

Real Estate, Dispute Resolution, Business Organization, Bankruptcy

Status: In Good Standing

FREE CONSULTATION

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333 W. 7th Street, Royal Oak, MI 48067

Jennifer S. Bidwell

Landlord-Tenant, Real Estate, Banking & Finance, Bankruptcy

Status: In Good Standing

FREE CONSULTATION

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333 W. 7th Street, Royal Oak, MI 48067

Lawrence Lucido

Real Estate, Estate, Bankruptcy & Debt

Status: In Good Standing

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Lucido Law Firm, Hazel Park, MI 48030

Marsha E. Peskin

Bankruptcy, Litigation

Status: In Good Standing

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25800 Northwestern Hwy, Southfield, MI 48075

Sheryl A. Shoebottom

Bankruptcy, Collection, Credit & Debt, Tax

Status: In Good Standing

FREE CONSULTATION

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30161 Southfield Road, Southfield, MI 48076

Terrance A. Hiller

Bankruptcy, Corporate, Commercial Real Estate

Status: In Good Standing

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25800 Northwestern Hwy, Southfield, MI 48075

Thomas M. Hensel

Foreclosure, Workout, Consumer Bankruptcy, Bankruptcy

Status: In Good Standing

FREE CONSULTATION

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27301 Dequindre Road, Madison Heights, MI 48071

Adam Alexander

Consumer Rights, Credit & Debt, Class Action, Defect and Lemon Law

Status: In Good Standing Licensed: 28 Years

FREE CONSULTATION

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17200 W. Ten Mile Rd., Southfield, MI 48075

Adam L. Wiener

Bankruptcy & Debt

Status: In Good Standing Licensed: 35 Years

FREE CONSULTATION

CONTACT

29501 Greenfield Rd, Southfield, MI 48076

800-923-0641

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LEGAL TERMS

DEFINED CONTRIBUTION PLAN

A type of pension plan that does not guarantee any particular pension amount upon retirement. Instead, the employer pays into the pension fund a certain amount ... (more...)

A type of pension plan that does not guarantee any particular pension amount upon retirement. Instead, the employer pays into the pension fund a certain amount every month, or every year, for each employee. The employer usually pays a fixed percentage of an employee's wages or salary, although sometimes the amount is a fraction of the company's profits, with the size of each employee's pension share depending on the amount of wage or salary. Upon retirement, each employee's pension is determined by how much was contributed to the fund on behalf of that employee over the years, plus whatever earnings that money has accumulated as part of the investments of the entire pension fund.

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.

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.

CHAPTER 13 BANKRUPTCY

The reorganization bankruptcy for consumers, in which you partially or fully repay your debts. In Chapter 13 bankruptcy, you keep your property and use your inc... (more...)

The reorganization bankruptcy for consumers, in which you partially or fully repay your debts. In Chapter 13 bankruptcy, you keep your property and use your income to pay all or a portion of the debts over three to five years. The minimum amount you must pay is roughly equal to the value of your nonexempt property. In addition, you must pledge your disposable net income -- after subtracting reasonable expenses -- for the period during which you are making payments. At the end of the three-to five-year period, the balance of what you owe on most debts is erased.

TOXIC TORT

A personal injury caused by exposure to a toxic substance, such as asbestos or hazardous waste. Victims can sue for medical expenses, lost wages and pain and su... (more...)

A personal injury caused by exposure to a toxic substance, such as asbestos or hazardous waste. Victims can sue for medical expenses, lost wages and pain and suffering.

SETOFF

A claim made by someone who allegedly owes money, that the amount should be reduced because the other person owes him money. This is often raised in a countercl... (more...)

A claim made by someone who allegedly owes money, that the amount should be reduced because the other person owes him money. This is often raised in a counterclaim filed by a defendant in a lawsuit. Banks may try to exercise a setoff by taking money out of a deposit account to satisfy past due payments on a loan or credit card bill. Such an act is illegal under most circumstances.

BANKRUPTCY

A legal proceeding that relieves you of the responsibility of paying your debts or provides you with protection while attempting to repay your debts. There are ... (more...)

A legal proceeding that relieves you of the responsibility of paying your debts or provides you with protection while attempting to repay your debts. There are two types of bankruptcies -- liquidation, in which your debts are wiped out (discharged) and reorganization, in which you provide the court with a plan for how you intend to repay your debts. For both consumers and business, liquidation bankruptcy is called Chapter 7. For consumers, reorganization bankruptcy is called Chapter 13. Reorganization bankruptcy for consumers with an extraordinary amount of debt and for businesses is called Chapter 11. Reorganization bankruptcy for family farmers is called Chapter 12.

Ferndale Bankruptcy & Debt Lawyer, Michigan

Sponsored Law Firm

Marrs & Terry, PLLC

SPONSORED LAWYERS

Charles E. Randau

David E. Tovarez

Jennifer S. Bidwell

Lawrence Lucido

Marsha E. Peskin

Sheryl A. Shoebottom

Terrance A. Hiller

Thomas M. Hensel

Adam Alexander

Adam L. Wiener

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LEGAL TERMS

DEFINED CONTRIBUTION PLAN

COLLECTION AGENCY

FRAUDULENT TRANSFER

CHAPTER 13 BANKRUPTCY

TOXIC TORT

SETOFF

BANKRUPTCY

CREDIT FILE

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