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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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David M. Rosenberger

Tax, Gift Taxation, Employee Rights, Reorganization

Status: In Good Standing Licensed: 49 Years

CONTACT

33 Bloomfield Hills Pkwy, Bloomfield Hills, MI 48304

Lynn M. Brimer

Tax, Litigation, Reorganization, Commercial Bankruptcy, Bankruptcy & Debt

Status: In Good Standing Licensed: 35 Years

CONTACT

300 E Long Lake Rd, Bloomfield Hills, MI 48304

James J. Parks

Government Contract, Employee Rights, Elder Law, Reorganization

Status: In Good Standing Licensed: 43 Years

CONTACT

27777 Franklin Rd, Southfield, MI 48034

Mitchell S. Dembo

Estate Planning, Family Law, Reorganization, Collection, Wrongful Death

Status: In Good Standing Licensed: 37 Years

CONTACT

934 Church St, Flint, MI 48502

Terry O. Lang

International Tax, Gift Taxation, Estate Planning, Reorganization

Status: In Good Standing Licensed: 51 Years

CONTACT

26901 Beaumont Blvd, Southfield, MI 48033

Benjamin Howard Salvette

International Tax, Copyright, Estate, Reorganization

Status: In Good Standing Licensed: 11 Years

CONTACT

4483 Hillside Ct, Ann Arbor, MI 48105

Melissa Brooke Winkler

International, Immigration, Non-profit, Reorganization

Status: In Good Standing Licensed: 11 Years

CONTACT

5604 Kirkridge Trl, Rochester, MI 48306

Mark A. Bank

Family Law, Child Custody, Corporate, Reorganization

Status: In Good Standing

CONTACT

401 South Old Woodward Avenue, Birmingham, MI 48009

Mohammed M. Alomari

Employee Rights, Civil Rights, Administrative Law, Reorganization

Status: In Good Standing

CONTACT

24901 Northwestern Hwy, Southfield, MI 48075

Anthony Joseph Frasca

International Tax, Trusts, Estate Planning, Reorganization

Status: In Good Standing Licensed: 17 Years

CONTACT

2723 S State St, Ann Arbor, MI 48104

800-923-0641

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LEGAL TERMS

CREDIT BUREAU

A private, profit-making company that collects and sells information about a person's credit history. Typical clients include banks, mortgage lenders and credit... (more...)

A private, profit-making company that collects and sells information about a person's credit history. Typical clients include banks, mortgage lenders and credit card companies that use the information to screen applicants for loans and credit cards. There are three major credit bureaus, Equifax, Experian and Trans Union, and they are regulated by the federal Fair Credit Reporting Act.

GRACE PERIOD

A period of time during which you are not required to make payments on a debt. For example, most credit cards give you a grace period of 20-30 days before you h... (more...)

A period of time during which you are not required to make payments on a debt. For example, most credit cards give you a grace period of 20-30 days before you have to pay interest on the amount of your purchases. Cash advances, however, usually have no grace period; interest begins to accumulate from the date of the withdrawal, even if you pay your bills on time. Also, some student loans give you a grace period after graduating or dropping out of school. During this time, you are not required to make payments on your loan.

UNDUE HARDSHIP

The circumstances in which a debtor may discharge a student loan in bankruptcy. For example, a debtor who has no income and little chance of earning enough in t... (more...)

The circumstances in which a debtor may discharge a student loan in bankruptcy. For example, a debtor who has no income and little chance of earning enough in the future to pay off the loan may be able to show that repayment would be an undue hardship.

CHAPTER 7 BANKRUPTCY

The most familiar type of bankruptcy, in which many or all of your debts are wiped out completely in exchange for giving up your nonexempt property. Chapter 7 b... (more...)

The most familiar type of bankruptcy, in which many or all of your debts are wiped out completely in exchange for giving up your nonexempt property. Chapter 7 bankruptcy takes from three to six months, costs about $200, and commonly requires only one trip to the courthouse.

DOING BUSINESS AS (DBA)

A situation in which a business owner operates a company under a name different from his or her real name. The owner must file a 'fictitious name statement' or ... (more...)

A situation in which a business owner operates a company under a name different from his or her real name. The owner must file a 'fictitious name statement' or similar document with the appropriate agency -- for example, the county clerk. This enables consumers to discover the names of the business owners, which is important if a consumer needs to sue the business.

REAFFIRMATION

An agreement that a debtor and a creditor enter into after a debtor has filed for bankruptcy, in which the debtor agrees to repay all or part of an existing deb... (more...)

An agreement that a debtor and a creditor enter into after a debtor has filed for bankruptcy, in which the debtor agrees to repay all or part of an existing debt after the bankruptcy case is over. For instance, a debtor might make a reaffirmation agreement with the holder of a car note that the debtor can keep the car and must continue to pay the debt after bankruptcy.

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.

FCRA

See Fair Credit Reporting Act.

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.

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Hartland Reorganization Lawyer, Michigan, page 2

Sponsored Law Firm

Marrs & Terry, PLLC

SPONSORED LAWYERS

David M. Rosenberger

Lynn M. Brimer

James J. Parks

Mitchell S. Dembo

Terry O. Lang

Benjamin Howard Salvette

Melissa Brooke Winkler

Mark A. Bank

Mohammed M. Alomari

Anthony Joseph Frasca

TIPS

LEGAL TERMS

CREDIT BUREAU

GRACE PERIOD

UNDUE HARDSHIP

CHAPTER 7 BANKRUPTCY

DOING BUSINESS AS (DBA)

REAFFIRMATION

BANKRUPTCY TRUSTEE

FCRA

SETOFF

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