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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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Thomas R. Morris

Landlord-Tenant, International, Electronic Commerce, Banking & Finance, Collection

Status:

CONTACT

3258 Broad St, Dexter, MI 48130

Sean Robert Miller

Trusts, Family Law, Elder Law, Collection

Status: Licensed: 10 Years

CONTACT

12000 Davisburg Rd, Davisburg, MI 48350

David J. Hutchinson

Litigation, Employee Rights, Divorce, Contract, Collection

Status:

CONTACT

3068 Bluett Rd, Ann Arbor, MI 48105

Benjamin Jay Allyn

Workers' Compensation, Contract, Collection, Wrongful Death

Status: Licensed: 17 Years

CONTACT

Grand Blanc, MI 48507

Wilson P. Tanner

Family Law, Child Custody, Criminal, Civil Rights, Collection

Status: Licensed: 26 Years

CONTACT

117 N 1St St, Ann Arbor, MI 48104

Delphia T. Simpson

Government, Criminal, Collection

Status: Licensed: 28 Years

CONTACT

220 E Huron St, Ann Arbor, MI 48104

Lloyd E. Powell

Estate Planning, Labor Law, Elder Law, Collection

Status: Licensed: 54 Years

CONTACT

220 E Huron St, Ann Arbor, MI 48104

Gary M. Kasenow

Estate Planning, Pension & Benefits, Administrative Law, Collection

Status: Licensed: 40 Years

CONTACT

Northville, MI 48167

Richard W. Paige

Health Care Other, Criminal, Business, Collection

Status: Licensed: 34 Years

CONTACT

1255 N Oakland Blvd, Waterford, MI 48327

David A. Santacroce

Litigation, Lawsuit & Dispute, Collection, Consumer Bankruptcy

Status: Licensed: 33 Years

CONTACT

801 Monroe St, Ann Arbor, MI 48109

800-814-6700

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LEGAL TERMS

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.

LIQUIDATING PARTNER

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

INTEREST

A commission you pay a bank or other creditor for lending you money or extending you credit. An interest rate represents the annual percentage that is added to ... (more...)

A commission you pay a bank or other creditor for lending you money or extending you credit. An interest rate represents the annual percentage that is added to your balance. This means that if your loan or credit line has an interest rate of 8%, the holder adds 8% to the balance each year. More specifically, interest is calculated and added to your loan or credit line through a process called compounding. If interest is compounded daily, the balance will rise by 1/365th of 8% each day. If interest is compounded monthly, the balance will rise 1/12th of 8% at the start of each month.

MEANS TEST

A formula that uses predefined income and expense categories to determine whether a debtor whose current monthly income is higher than the median family income ... (more...)

A formula that uses predefined income and expense categories to determine whether a debtor whose current monthly income is higher than the median family income for his or her state should be allowed to file for Chapter 7 bankruptcy.

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.

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.

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.

COSIGNER

A person who signs his or her name to a loan agreement, lease or credit application. If the primary debtor does not pay, the cosigner is fully responsible for t... (more...)

A person who signs his or her name to a loan agreement, lease or credit application. If the primary debtor does not pay, the cosigner is fully responsible for the loan or debt. Many people use cosigners to qualify for a loan or credit card. Landlords may require a cosigner when renting to a student or someone with a poor credit history.

FRAUDULENT TRANSFER

In a bankruptcy case, a transfer of property to another for less than the property's value for the purpose of hiding the property from the bankruptcy trustee --... (more...)

In a bankruptcy case, a transfer of property to another for less than the property's value for the purpose of hiding the property from the bankruptcy trustee -- for instance, when a debtor signs a car over to a relative to keep it out of the bankruptcy estate. Fraudulently transferred property can be recovered and sold by the trustee for the benefit of the creditors.

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Howell Collection Lawyer, Michigan, page 2

Sponsored Law Firm

Marrs & Terry, PLLC

SPONSORED LAWYERS

Thomas R. Morris

Sean Robert Miller

David J. Hutchinson

Benjamin Jay Allyn

Wilson P. Tanner

Delphia T. Simpson

Lloyd E. Powell

Gary M. Kasenow

Richard W. Paige

David A. Santacroce

TIPS

LEGAL TERMS

CREDIT INSURANCE

LIQUIDATING PARTNER

INTEREST

MEANS TEST

CREDIT COUNSELING

BANKRUPTCY TRUSTEE

TRADE DRESS

COSIGNER

FRAUDULENT TRANSFER

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