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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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Norman C. Witte

Landlord-Tenant, Litigation, Business, Collection

Status: Licensed: 38 Years

CONTACT

119 E Kalamazoo St, Lansing, MI 48933

Andrew J. Gerdes

Real Estate, Business, Credit & Debt, Collection

Status: Licensed: 33 Years

CONTACT

416 N Homer St, Lansing, MI 48912

Jennifer D. Martin

Divorce, Elder Law, Insurance, Collection

Status: Licensed: 27 Years

CONTACT

Lansing, MI 48909

Douglas B. Shapiro

Federal Appellate Practice, Collection, Reinsurance, Criminal

Status: Licensed: 39 Years

CONTACT

925 W Ottawa St, Lansing, MI 48915

Gary L. Rogers

Other, Federal Appellate Practice, Criminal, Collection, Real Estate

Status: Licensed: 29 Years

CONTACT

925 W Ottawa St, Lansing, MI 48915

Steven H. Langschwager

Administrative Law, Collection, Federal Appellate Practice, Guardianships & Conservatorships

Status: Licensed: 28 Years

CONTACT

525 W Ottawa St, Lansing, MI 48933

Avar Patrice Laws-Wright

Criminal, Administrative Law, Collection, Estate Planning

Status: Licensed: 17 Years

CONTACT

611 W Ottawa St, Lansing, MI 48933

Maribeth L. Zeller

Criminal, Collection

Status: Licensed: 21 Years

CONTACT

611 W Ottawa St, Lansing, MI 48933

Jessica L. Zimbelman

Federal Appellate Practice, Criminal, Collection

Status: Licensed: 17 Years

CONTACT

200 N Washington Square, Lansing, MI 48933

Adam Lee Spinelli Fracassi

Election & Political, Civil Rights, Administrative Law, Collection

Status: Licensed: 10 Years

CONTACT

430 W Allegan St, Lansing, MI 48933

800-814-6700

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LEGAL TERMS

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.

FAIR DEBT COLLECTIONS & PRACTICES ACT (FDCPA)

A federal law that outlaws unfair debt collection practices, including lying, harassing, misleading and otherwise abusing debtors, by debt collectors working fo... (more...)

A federal law that outlaws unfair debt collection practices, including lying, harassing, misleading and otherwise abusing debtors, by debt collectors working for collection agencies. The law does not apply to creditors collecting their own debts. This law has greatly improved conditions for debtors, although more than a few debt collectors ignore the law. If a collection agency violates the law, debtors can contact the Federal Trade Commission for help.

ABUSE

Misuse of the Chapter 7 bankruptcy remedy. This term is typically applied to Chapter 7 bankruptcy filings that should have been filed under Chapter 13, because ... (more...)

Misuse of the Chapter 7 bankruptcy remedy. This term is typically applied to Chapter 7 bankruptcy filings that should have been filed under Chapter 13, because the debtor appears to have enough disposable income to fund a Chapter 13 repayment plan.

SOLE PROPRIETORSHIP

A business owned and managed by one person (or for tax purposes, a husband and wife). For IRS purposes, a sole proprietor and her business are one tax entity, m... (more...)

A business owned and managed by one person (or for tax purposes, a husband and wife). For IRS purposes, a sole proprietor and her business are one tax entity, meaning that business profits are reported and taxed on the owner's personal tax return. Setting up a sole proprietorship is cheap and easy since no legal formation documents need be filed with any governmental agency (although tax registration and other permit and license requirements may still apply). Once you file a fictitious name statement (assuming you don't use your own name) and obtain any required basic tax permits and business licenses, you'll be in business. The main downside of a sole proprietorship is that its owner is personally liable for all business debts.

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.

COLLECTION AGENCY

A company hired by a creditor to collect a debt that it is owed. Creditors typically hire a collection agency only after they have made efforts to collect the d... (more...)

A company hired by a creditor to collect a debt that it is owed. Creditors typically hire a collection agency only after they have made efforts to collect the debt themselves, typically through letters (called 'dunning' letters) and telephone calls. Collection agencies are regulated by the federal Fair Debt Collection Practices Act. Unfortunately, too many collectors ignore this law.

SECURED DEBT

A debt on which a creditor has a lien. The creditor can institute a foreclosure or repossession to take the property identified by the lien, called the collater... (more...)

A debt on which a creditor has a lien. The creditor can institute a foreclosure or repossession to take the property identified by the lien, called the collateral, to satisfy the debt if you default. Compare unsecured debt.

LIMITED LIABILITY

The maximum amount a business owner can lose if the business is subject to debts, claims or other liabilities. An owner of a limited liability company (LLC) or ... (more...)

The maximum amount a business owner can lose if the business is subject to debts, claims or other liabilities. An owner of a limited liability company (LLC) or a person who invests in a corporation (a shareholder) generally stands to lose only the amount of money invested in the business. This means that if the business folds, creditors cannot seize or sell an owner's home, car, or other personal assets.

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.

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Maple Rapids Collection Lawyer, Michigan, page 2

Sponsored Law Firm

Marrs & Terry, PLLC

SPONSORED LAWYERS

Norman C. Witte

Andrew J. Gerdes

Jennifer D. Martin

Douglas B. Shapiro

Gary L. Rogers

Steven H. Langschwager

Avar Patrice Laws-Wright

Maribeth L. Zeller

Jessica L. Zimbelman

Adam Lee Spinelli Fracassi

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LEGAL TERMS

FRAUDULENT TRANSFER

FAIR DEBT COLLECTIONS & PRACTICES ACT (FDCPA)

ABUSE

SOLE PROPRIETORSHIP

DOING BUSINESS AS (DBA)

COLLECTION AGENCY

SECURED DEBT

LIMITED LIABILITY

PRIORITY DEBT

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