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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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Rachael Frawley

Contract, Landlord-Tenant, Credit & Debt, Litigation

Status: In Good Standing Licensed: 15 Years

CONTACT

37000 Grand River Ave, Farmington, MI 48335

Robert J. Kull

Trusts, Elder Law, Contract, Credit & Debt, Estate

Status: In Good Standing Licensed: 28 Years

CONTACT

37000 Grand River Ave, Farmington, MI 48335

John Francis Calvin

Tax, Landlord-Tenant, Contract, Credit & Debt

Status: In Good Standing Licensed: 14 Years

CONTACT

37085 Grand River Ave, Farmington, MI 48335

Shantell L. Rene

Contract, Agriculture, Landlord-Tenant, Credit & Debt

Status: In Good Standing Licensed: 13 Years

CONTACT

6172 Brooks Landing, Dimondale, MI 48821

Peter Alan Behrmann

Credit & Debt, Commercial Bankruptcy, Bankruptcy, Bankruptcy & Debt

Status: In Good Standing

CONTACT

37699 6 Mile Rd, Livonia, MI 48152

Jacob Daniel High

Landlord-Tenant, Traffic, Civil Rights, Credit & Debt

Status: In Good Standing Licensed: 12 Years

CONTACT

6440 Lake Meadow Dr, Waterford, MI 48327

David M. Parrott

Landlord-Tenant, Traffic, Civil Rights, Credit & Debt

Status: In Good Standing Licensed: 39 Years

CONTACT

42156 N. Cumberland Drive, Belleville, MI 48111

Linda G. Anderson

Landlord-Tenant, Real Estate, Estate Planning, Contract, Credit & Debt

Status: In Good Standing Licensed: 32 Years

CONTACT

13407 Farmington Rd, Livonia, MI 48150

Ronald D. Ambrose

Traffic, Federal Appellate Practice, Criminal, Credit & Debt

Status: In Good Standing

CONTACT

16818 Farmington Rd, Livonia, MI 48154

Alex J. Miller

Estate Planning, Employee Rights, Contract, Credit & Debt

Status: In Good Standing Licensed: 53 Years

CONTACT

7125 Orchard Lake Rd, West Bloomfield, MI 48322

800-923-0641

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LEGAL TERMS

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.

TRADE NAME

The official name of a business, the one it uses on its letterhead and bank account when not dealing with consumers.

HOUSEHOLDER

A person who supports and maintains a household, with or without other people. In bankruptcy law, a householder, housekeeper or head of household can claim a ho... (more...)

A person who supports and maintains a household, with or without other people. In bankruptcy law, a householder, housekeeper or head of household can claim a homestead exemption and possibly other exemptions relating to the maintenance of the household.

PRIORITY DEBT

A type of debt that is paid first if there are distributions made from the bankruptcy estate in a Chapter 7 bankruptcy, and must be paid in full in a Chapter 13... (more...)

A type of debt that is paid first if there are distributions made from the bankruptcy estate in a Chapter 7 bankruptcy, and must be paid in full in a Chapter 13 bankruptcy. Priority debts include alimony and child support, fees owed to the trustee and the attorney in the bankruptcy case, and wages owed to employees.

NONPROFIT CORPORATION

A legal structure authorized by state law allowing people to come together to either benefit members of an organization (a club, or mutual benefit society) or f... (more...)

A legal structure authorized by state law allowing people to come together to either benefit members of an organization (a club, or mutual benefit society) or for some public purpose (such as a hospital, environmental organization or literary society). Nonprofit corporations, despite the name, can make a profit, but the business cannot be designed primarily for profit-making purposes, and the profits must be used for the benefit of the organization or purpose the corporation was created to help. When a nonprofit corporation dissolves, any remaining assets must be distributed to another nonprofit, not to board members. As with for-profit corporations, directors of nonprofit corporations are normally shielded from personal liability for the organization's debts. Some nonprofit corporations qualify for a federal tax exemption under _ 501(c)(3) of the Internal Revenue Code, with the result that contributions to the nonprofit are tax deductible by their donors.

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.

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.

Gregory Credit & Debt Lawyer, Michigan, page 4

Sponsored Law Firm

Marrs & Terry, PLLC

SPONSORED LAWYERS

Rachael Frawley

Robert J. Kull

John Francis Calvin

Shantell L. Rene

Peter Alan Behrmann

Jacob Daniel High

David M. Parrott

Linda G. Anderson

Ronald D. Ambrose

Alex J. Miller

TIPS

LEGAL TERMS

FAIR CREDIT REPORTING ACT (FCRA)

TRADE NAME

HOUSEHOLDER

PRIORITY DEBT

NONPROFIT CORPORATION

PREFERENCE

REPOSSESSION

CREDITOR

COLLATERAL

SAMPLE LEGAL CASES

New Freedom Mtg. Corp. v. Globe Mtg. Corp.

Barth v. FIRST CONSUMER CREDIT, INC.

CHARTER ONE BANK NA v. JP Morgan Chase Bank, NA

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