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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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Michael A. Vacca

Reorganization, Freedom of Religion

Status: In Good Standing Licensed: 14 Years

CONTACT

25557 Cunningham Ave, Warren, MI 48091

Jayesh J. Patel

Business, Reorganization

Status: In Good Standing Licensed: 22 Years

CONTACT

440 Burroughs St, Detroit, MI 48202

Evangeline Nketia

Reorganization, Estate Planning, Business

Status: In Good Standing

CONTACT

1901 Saint Antoine Street, Detroit, MI 48226

Tonya Myers Phillips

Criminal, Reorganization, Labor Law, Government

Status: In Good Standing Licensed: 20 Years

CONTACT

4605 Cass Ave, Detroit, MI 48201

Hilary Braley

Landlord-Tenant, Elder Law, Non-profit, Reorganization

Status: In Good Standing

CONTACT

2727 2Nd Ave, Detroit, MI 48201

Helal A. Farhat

General Practice

Status: In Good Standing Licensed: 22 Years

CONTACT

2 Woodward Ave, Detroit, MI 48226

Hadi A. Harp

Employee Rights, Contract, Reorganization, Defamation & Slander

Status: In Good Standing Licensed: 12 Years

CONTACT

1001 Woodward Ave, Detroit, MI 48226

800-923-0641

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LEGAL TERMS

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.

AUTOMATIC STAY

An injunction automatically issued by the bankruptcy court when a debtor files for bankruptcy. The automatic stay prohibits most creditor collection activities,... (more...)

An injunction automatically issued by the bankruptcy court when a debtor files for bankruptcy. The automatic stay prohibits most creditor collection activities, such as filing or continuing lawsuits, making written requests for payment, or notifying credit reporting bureaus of an unpaid debt.

ACCORD AND SATISFACTION

An agreement to settle a contract dispute by accepting less than what's due. This procedure is often used by creditors who want to cut their losses by collectin... (more...)

An agreement to settle a contract dispute by accepting less than what's due. This procedure is often used by creditors who want to cut their losses by collecting as much money as they can from debtors who cannot pay the full amount.

FCBA

See Fair Credit Billing Act.

CREDIT INSURANCE

Insurance a lender requires a borrower to purchase to cover the loan. If the borrower dies or becomes disabled before paying off the loan, the policy will pay o... (more...)

Insurance a lender requires a borrower to purchase to cover the loan. If the borrower dies or becomes disabled before paying off the loan, the policy will pay off the remaining balance. Federal and state consumer protection laws require the lender to disclose to existing and potential borrowers the terms and costs of obtaining credit insurance because it can affect the terms of the loan.

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.

BULK SALES LAW

A law that regulates the transfer of business assets so that business owners cannot dispose of assets in order to avoid creditors. If a business owner wants to ... (more...)

A law that regulates the transfer of business assets so that business owners cannot dispose of assets in order to avoid creditors. If a business owner wants to conduct a bulk sale of business assets -- that is, get rid of an unusually large amount of inventory, merchandise or equipment -- the business owner must typically publish a notice of the sale and give written notice to creditors. Then, the owner must set up an account to hold the funds from the sale for a brief period of time during which creditors may make claims against the money. The prohibition against bulk sales is spelled out in the Uniform Commercial Code -- and laws modeled on the UCC have been generally adopted throughout the country.

COLLATERAL

Property that guarantees payment of a secured debt.

CURRENT MONTHLY INCOME

As defined by the new bankruptcy law, a bankruptcy filer's total gross income (whether taxable or not), averaged over the six-month period immediately preceding... (more...)

As defined by the new bankruptcy law, a bankruptcy filer's total gross income (whether taxable or not), averaged over the six-month period immediately preceding the bankruptcy filing. The debtor's current monthly income is used to determine whether the debtor can file for Chapter 7 bankruptcy, among other things.

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Harper Woods Reorganization Lawyer, Michigan

Sponsored Law Firm

Marrs & Terry, PLLC

SPONSORED LAWYERS

Michael A. Vacca

Jayesh J. Patel

Evangeline Nketia

Tonya Myers Phillips

Hilary Braley

Helal A. Farhat

Hadi A. Harp

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LEGAL TERMS

GENERAL PARTNER

AUTOMATIC STAY

ACCORD AND SATISFACTION

FCBA

CREDIT INSURANCE

FRATERNAL BENEFIT SOCIETY BENEFITS

BULK SALES LAW

COLLATERAL

CURRENT MONTHLY INCOME

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