Ferndale Bankruptcy & Debt 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.
2. AboutExperienced Michigan Lawyer
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3. Articles
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Amanda A. Page

Bankruptcy, Bankruptcy & Debt

Status: In Good Standing Licensed: 19 Years

CONTACT

306 S Washington Ave, Royal Oak, MI 48067

Cary S. Mcgehee

Class Action, Civil Rights, Contract, Collection

Status: In Good Standing Licensed: 35 Years

CONTACT

117 W 4Th St, Royal Oak, MI 48067

Thomas C. Leduc

Consumer Rights, Business, Consumer Bankruptcy

Status: In Good Standing Licensed: 30 Years

CONTACT

Royal Oak, MI 48068

John T. Hermann

Consumer Rights, Elder Law, Consumer Bankruptcy, Accident & Injury

Status: In Good Standing Licensed: 29 Years

CONTACT

2684 11 Mile Rd, Berkley, MI 48072

Nicholas Carlos Best

Aviation, Deportation, Federal Appellate Practice, Collection

Status: In Good Standing

CONTACT

26711 Woodward Ave, Huntington Woods, MI 48070

Ian Sean Bolton

Construction, Banking & Finance, Credit & Debt, Defamation & Slander

Status: In Good Standing

CONTACT

24361 Greenfield Rd, Southfield, MI 48075

Ian Sean Bolton

Construction, Banking & Finance, Credit & Debt, Defamation & Slander

Status: In Good Standing

CONTACT

24361 Greenfield Rd, Southfield, MI 48075

Bradley J. Hobbs

Natural Resources, Criminal, Contract, Collection

Status: In Good Standing Licensed: 25 Years

CONTACT

1000 N Blair Ave, Royal Oak, MI 48067

Linda D. Bernard

Government Contract, Family Medical Leave Act (FMLA), Contract, Reorganization

Status: In Good Standing Licensed: 51 Years

CONTACT

17144 Wildemere Dr, Detroit, MI 48221

James D. Bloom

Consumer Rights, Consumer Bankruptcy, Accident & Injury, Litigation

Status: In Good Standing Licensed: 32 Years

CONTACT

16250 Northland Dr, Southfield, MI 48075

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.

FRATERNAL BENEFIT SOCIETY BENEFITS

These are benefits, often group life insurance, paid for by fraternal societies to their members. Elks, Masons or Knights of Columbus are common fraternal socie... (more...)

These are benefits, often group life insurance, paid for by fraternal societies to their members. Elks, Masons or Knights of Columbus are common fraternal societies that provide benefits. Also called benefit society, benevolent society or mutual aid association benefits. Under bankruptcy laws, these benefits are virtually always considered exempt property.

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.

GUARANTOR

A person who makes a legally binding promise to either pay another person's debt or perform another person's duty if that person defaults or fails to perform. T... (more...)

A person who makes a legally binding promise to either pay another person's debt or perform another person's duty if that person defaults or fails to perform. The guarantor gives a 'guaranty,' which is an assurance that the debt or other obligation will be fulfilled.

PREFERENCE

A payment made by a debtor to a creditor within a defined period prior to filing for bankruptcy -- within three months for arms-length creditors (regular commer... (more...)

A payment made by a debtor to a creditor within a defined period prior to filing for bankruptcy -- within three months for arms-length creditors (regular commercial creditors) and within one year for insider creditors (friends, family members, and business associates). Because a preference gives the creditor who received the payment an edge over other creditors in the bankruptcy case, the trustee can recover the preference (the amount of the payment) and distribute it among all of the creditors.

INFRINGEMENT (OF TRADEMARK)

Unauthorized use of a protected trademark or service mark, or use of something very similar to a protected mark. The success of a lawsuit to stop the infringeme... (more...)

Unauthorized use of a protected trademark or service mark, or use of something very similar to a protected mark. The success of a lawsuit to stop the infringement turns on whether the defendant's use causes a likelihood of confusion in the average consumer. If a court determines that the average consumer would be confused, the owner of the original mark can prevent the other's use of the infringing mark and sometimes collect damages.

C CORPORATION

Common business slang to distinguish a corporation whose profits are taxed separate from its owners under subchapter C of the Internal Revenue Code, from an S c... (more...)

Common business slang to distinguish a corporation whose profits are taxed separate from its owners under subchapter C of the Internal Revenue Code, from an S corporation, whose profits are passed through to shareholders and taxed on their personal returns under subchapter S of the Internal Revenue Code.

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.

Ferndale Bankruptcy & Debt Lawyer, Michigan, page 4

Sponsored Law Firm

Marrs & Terry, PLLC

SPONSORED LAWYERS

Amanda A. Page

Cary S. Mcgehee

Thomas C. Leduc

John T. Hermann

Nicholas Carlos Best

Ian Sean Bolton

Ian Sean Bolton

Bradley J. Hobbs

Linda D. Bernard

James D. Bloom

TIPS

LEGAL TERMS

UNSECURED DEBT

FRATERNAL BENEFIT SOCIETY BENEFITS

CHAPTER 13 BANKRUPTCY

GUARANTOR

PREFERENCE

INFRINGEMENT (OF TRADEMARK)

C CORPORATION

MEETING OF CREDITORS

CREDIT FILE

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