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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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Brian P. Parker

Bankruptcy & Debt, Collection, Consumer Bankruptcy, Workout

Status: In Good Standing Licensed: 31 Years

CONTACT

2000 Town Ctr, Southfield, MI 48075

Clifford J. Dovitz

Real Estate, Litigation, Business, Collection

Status: In Good Standing

CONTACT

25900 W 11 Mile Rd, Southfield, MI 48034

Paul F. Condino

Lawsuit, Discrimination, Civil & Human Rights, Collection

Status: In Good Standing Licensed: 38 Years

CONTACT

26700 Lahser Rd, Southfield, MI 48033

Corene C. Ford

Workers' Compensation, Discrimination, Contract, Collection, Wrongful Death

Status: In Good Standing Licensed: 21 Years

CONTACT

15815 W 12 Mile Rd, Southfield, MI 48076

Erika D. Hart

Trusts, Employee Rights, Contract, Collection

Status: In Good Standing Licensed: 20 Years

CONTACT

700 E Maple Rd, Birmingham, MI 48009

Dean Roy Nelson

Commercial Real Estate, Litigation, Contract, Collection

Status: In Good Standing Licensed: 17 Years

CONTACT

700 E Maple Rd, Birmingham, MI 48009

Kathryn R. Spray

Entertainment, Employee Rights, Contract, Collection

Status: In Good Standing Licensed: 30 Years

CONTACT

31500 Northwestern Hwy, Farmington, MI 48334

Ryan Jacob Fishman

Divorce, Elder Law, Contract, Collection

Status: In Good Standing Licensed: 11 Years

CONTACT

800 W Long Lake Rd, Bloomfield Hills, MI 48302

Edwin H. Selwocki

Traffic, Litigation, Collection, Personal Injury

Status: In Good Standing Licensed: 28 Years

CONTACT

1619 Cole St, Birmingham, MI 48009

Salam F. Elia

Land Use & Zoning, Trusts, Contract, Collection

Status: In Good Standing Licensed: 12 Years

CONTACT

550 W Merrill St, Birmingham, MI 48009

800-923-0641

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LEGAL TERMS

REPOSSESSION

A creditor's taking property that has been pledged as collateral for a loan. Lenders will most often repossess cars when the owner has missed loan payments and ... (more...)

A creditor's taking property that has been pledged as collateral for a loan. Lenders will most often repossess cars when the owner has missed loan payments and has not attempted to work with the lender to resolve the problem. A repossessor can't use force to get at your car, but he can legally hot-wire it and even drive it out of your unlocked garage.

NONDISCHARGEABLE DEBTS

Debts that cannot be erased by filing for bankruptcy. If you file for Chapter 7 bankruptcy, these debts will remain when your case is over. If you file for Chap... (more...)

Debts that cannot be erased by filing for bankruptcy. If you file for Chapter 7 bankruptcy, these debts will remain when your case is over. If you file for Chapter 13 bankruptcy, the nondischargeable debts will have to be paid in full during your plan or you will have a balance at the end of your case. Examples of nondischargeable debts include alimony and child support, most income tax debts, many student loans and debts for personal injury or death caused by drunk driving. Compare dischargeable debts.

BANKRUPTCY TRUSTEE

A person appointed by the court to oversee the case of a person or business that has filed for bankruptcy. In a consumer Chapter 7 case, the trustee's role is t... (more...)

A person appointed by the court to oversee the case of a person or business that has filed for bankruptcy. In a consumer Chapter 7 case, the trustee's role is to gather the debtor's nonexempt property, liquidate it and distribute it proportionally to her creditors. In a Chapter 13 case, the trustee's role is to receive the debtor's monthly payments and distribute them proportionally to her creditors.

CREDIT COUNSELING

Counseling that explores the possibility of repaying debts outside of bankruptcy and educates the debtor about credit, budgeting, and financial management. Unde... (more...)

Counseling that explores the possibility of repaying debts outside of bankruptcy and educates the debtor about credit, budgeting, and financial management. Under the new bankruptcy law, a debtor must undergo credit counseling with an approved provider before filing for bankruptcy.

TRADE DRESS

The distinctive packaging or design of a product that promotes the product and distinguishes it from other products in the marketplace -- for example, the shape... (more...)

The distinctive packaging or design of a product that promotes the product and distinguishes it from other products in the marketplace -- for example, the shape of Frangelico liqueur bottles. Trade dress can be protected under trademark law if a showing can be made that the average consumer would likely be confused as to product origin if another product were allowed to appear in similar dress.

LIQUIDATING PARTNER

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

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.

FAIR DEBT COLLECTIONS & PRACTICES ACT (FDCPA)

A federal law that outlaws unfair debt collection practices, including lying, harassing, misleading and otherwise abusing debtors, by debt collectors working fo... (more...)

A federal law that outlaws unfair debt collection practices, including lying, harassing, misleading and otherwise abusing debtors, by debt collectors working for collection agencies. The law does not apply to creditors collecting their own debts. This law has greatly improved conditions for debtors, although more than a few debt collectors ignore the law. If a collection agency violates the law, debtors can contact the Federal Trade Commission for help.

S CORPORATION

A term that describes a profit-making corporation organized under state law whose shareholders have applied for and received subchapter S corporation status fro... (more...)

A term that describes a profit-making corporation organized under state law whose shareholders have applied for and received subchapter S corporation status from the Internal Revenue Service. Electing to do business as an S corporation lets shareholders enjoy limited liability status, as would be true of any corporation, but be taxed like a partnership or sole proprietor. That is, instead of being taxed as a separate entity (as would be the case with a regular or C corporation) an S corporation is a pass-through tax entity: income taxes are reported and paid by the shareholders, not the S corporation. To qualify as an S corporation a number of IRS rules must be met, such as a limit of 75 shareholders and citizenship requirements.

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Franklin Collection Lawyer, Michigan, page 2

Sponsored Law Firm

Marrs & Terry, PLLC

SPONSORED LAWYERS

Brian P. Parker

Clifford J. Dovitz

Paul F. Condino

Corene C. Ford

Erika D. Hart

Dean Roy Nelson

Kathryn R. Spray

Ryan Jacob Fishman

Edwin H. Selwocki

Salam F. Elia

TIPS

LEGAL TERMS

REPOSSESSION

NONDISCHARGEABLE DEBTS

BANKRUPTCY TRUSTEE

CREDIT COUNSELING

TRADE DRESS

LIQUIDATING PARTNER

SETOFF

FAIR DEBT COLLECTIONS & PRACTICES ACT (FDCPA)

S CORPORATION

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