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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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Includes: Bankruptcy Litigation, Commercial Bankruptcy, Consumer Bankruptcy, Dissolution

John Modrzejewski

Traffic, Consumer Protection, Consumer Rights, Bankruptcy

Status: In Good Standing Licensed: 38 Years

CONTACT

431 6Th St, Rochester, MI 48307

Richard L. Mcdonnell

Litigation, Environmental Law, Antitrust, Consumer Bankruptcy

Status: In Good Standing Licensed: 39 Years

CONTACT

805 Oakwood Dr, Rochester, MI 48307

Daniel Marchese

Estate Planning, Divorce, Divorce & Family Law, Bankruptcy

CONTACT

805 Oakwood Dr, Rochester, MI 48307

Juan R. Balboa

Intellectual Property, Biotechnology, Business, Consumer Bankruptcy

Status: In Good Standing Licensed: 28 Years

CONTACT

612 W University Dr, Rochester, MI 48307

Tracey Lynn Porter

Business & Trade, Collection, Bankruptcy, Bankruptcy & Debt

Status: In Good Standing Licensed: 18 Years

CONTACT

612 W University Dr, Rochester, MI 48307

Nicholas W. Rice

Consumer Rights, Consumer Bankruptcy, Animal Bite, Accident & Injury

Status: In Good Standing Licensed: 11 Years

CONTACT

612 W University Dr, Rochester, MI 48307

Natalie Lynn Yaw

Litigation, Consumer Bankruptcy

Status: In Good Standing Licensed: 17 Years

CONTACT

342 S Main St, Rochester, MI 48307

Conrad Jack Morgenstern

Bankruptcy, Criminal

Status: In Good Standing Licensed: 75 Years

CONTACT

51543 Van Dyke Ave, Utica, MI 48316

Jennifer Cordon Thor

Real Estate, Business, Consumer Bankruptcy

Status: In Good Standing Licensed: 29 Years

CONTACT

274 Belle Vernon Ct, Rochester, MI 48309

Douglas G. Buk

Real Estate, Government, Estate, Bankruptcy

Status: In Good Standing Licensed: 27 Years

CONTACT

50285 Van Dyke Ave, Utica, MI 48317

800-923-0641

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LEGAL TERMS

LIMITED PARTNERSHIP

A business structure that allows one or more partners (called limited partners) to enjoy limited personal liability for partnership debts while another partner ... (more...)

A business structure that allows one or more partners (called limited partners) to enjoy limited personal liability for partnership debts while another partner or partners (called general partners) have unlimited personal liability. The key difference between a general and limited partner concerns management decision making--general partners run the business, and limited partners, who are usually passive investors, are not allowed to make day-to-day business decisions. If they do, they risk being treated as general partners with unlimited personal liability.

CREDITOR

A person or entity (such as a bank) to whom a debt is owed.

PROCEEDS FOR DAMAGED EXEMPT PROPERTY

In a bankruptcy proceeding, money collected through insurance, arbitration, mediation, settlement or a lawsuit to pay for exempt property that's no longer exemp... (more...)

In a bankruptcy proceeding, money collected through insurance, arbitration, mediation, settlement or a lawsuit to pay for exempt property that's no longer exemptible because it has been damaged or destroyed.

FORBEARANCE

Voluntarily refraining from doing something, such as asserting a legal right. For example, a creditor may forbear on its right to collect a debt by temporarily ... (more...)

Voluntarily refraining from doing something, such as asserting a legal right. For example, a creditor may forbear on its right to collect a debt by temporarily postponing or reducing the borrower's payments.

TRUTH IN LENDING ACT (TILA)

A federal law that requires credit and charge card companies to disclose interest rates and other information about an account. It also requires lenders to disc... (more...)

A federal law that requires credit and charge card companies to disclose interest rates and other information about an account. It also requires lenders to disclose the terms of a loan, including the total amount of the loan, the annual interest rate and the number, amount and due dates of all payments necessary to repay the loan. The TILA requires additional disclosures and places many restrictions on mortgages.

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.

SECRET WARRANTY PROGRAM

A program under which a car manufacturer will make repairs for free on vehicles with persistent problems, even after the warranty has expired, in order to avoid... (more...)

A program under which a car manufacturer will make repairs for free on vehicles with persistent problems, even after the warranty has expired, in order to avoid a recall and the accompanying bad press. Secret warranties are rarely advertised by the manufacturer, so consumers must pursue the manufacturer to discover and take advantage of them. A few states require manufacturers to notify car buyers when they adopt secret warranty programs.

CREDIT REPORT

An account of your credit history, prepared by a credit bureau. A credit report will contain both credit history, such as what you owe to whom and whether you m... (more...)

An account of your credit history, prepared by a credit bureau. A credit report will contain both credit history, such as what you owe to whom and whether you make the payments on time, as well as personal history, such as your former addresses, employment record and lawsuits in which you have been involved. An estimated 50% of all credit reports contain errors, such as accounts that don't belong to you, an incorrect account status or information reported that is older than seven years (ten years in the case of a bankruptcy).

NO-FAULT INSURANCE

Car insurance laws that require the insurance companies of each person in an accident to pay for medical bills and lost wages of their insured, up to a certain ... (more...)

Car insurance laws that require the insurance companies of each person in an accident to pay for medical bills and lost wages of their insured, up to a certain amount, regardless of who was at fault. The effect of no-fault insurance laws is to eliminate lawsuits in small accidents. The advantage is the prompt payment of medical bills and expenses. The downsides are that the amounts paid by no-fault policies are often not enough to fully cover a person's losses and that no-fault does not compensate for pain and suffering.

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Imlay City Bankruptcy Lawyer, Michigan, page 6

Sponsored Law Firm

Marrs & Terry, PLLC

SPONSORED LAWYERS

John Modrzejewski

Richard L. Mcdonnell

Daniel Marchese

Juan R. Balboa

Tracey Lynn Porter

Nicholas W. Rice

Natalie Lynn Yaw

Conrad Jack Morgenstern

Jennifer Cordon Thor

Douglas G. Buk

TIPS

LEGAL TERMS

LIMITED PARTNERSHIP

CREDITOR

PROCEEDS FOR DAMAGED EXEMPT PROPERTY

FORBEARANCE

TRUTH IN LENDING ACT (TILA)

MEANS TEST

SECRET WARRANTY PROGRAM

CREDIT REPORT

NO-FAULT INSURANCE

SAMPLE LEGAL CASES

RDM Holdings, Ltd. v. Continental Plastics Co.

Gulf Underwriters Ins. Co. v. McCLAIN INDUSTRIES, INC.

MICHIGAN COMMERCE BANK v. PALMS INVESTMENTS, LLC

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