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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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Sara Chesher Hirka

Real Estate, Wills & Probate, Trusts, Credit & Debt

Status: In Good Standing

CONTACT

333 Terry Ave, Rochester, MI 48307

Manvinder S. Talwar

Federal Appellate Practice, Criminal, Contract, Credit & Debt

Status: In Good Standing Licensed: 24 Years

CONTACT

511 Olde Towne Rd, Rochester, MI 48308

Ryan L. Westbrook

Divorce & Family Law, Criminal, Credit & Debt, Bankruptcy & Debt

Status: In Good Standing Licensed: 15 Years

CONTACT

117 S Main St, Almont, MI 48003

Cheryl D. Cook

Foreclosure, Trusts, Civil Rights, Credit & Debt

Status: In Good Standing Licensed: 29 Years

CONTACT

251 Diversion St, Rochester, MI 48307

Charles F. Sibert

Lawsuit & Dispute, Estate Planning, Consumer Rights, Credit & Debt

Status: In Good Standing Licensed: 75 Years

CONTACT

444 W University Dr, Rochester, MI 48307

Kenneth D. Bilodeau

Landlord-Tenant, Estate Planning, Family Law, Credit & Debt

Status: In Good Standing Licensed: 48 Years

CONTACT

444 W University Dr, Rochester, MI 48307

Gary Baker Perkins

Construction, Traffic, Insurance, Credit & Debt

Status: In Good Standing Licensed: 55 Years

CONTACT

388 Meadow Bridge Dr, Rochester, MI 48307

Alaina M. Zanke-Jodway

Family Law, Civil Rights, Insurance, Credit & Debt

Status: In Good Standing Licensed: 32 Years

CONTACT

Rochester, MI 48308

Daniel Luke Ravitz

Credit & Debt

Status: In Good Standing Licensed: 8 Years

CONTACT

950 W University Dr, Rochester, MI 48307

David M. Honigman

Litigation, Class Action, Credit & Debt, Products Liability

Status: In Good Standing

CONTACT

1361 E Big Beaver Rd, Troy, MI 48083

800-923-0641

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LEGAL TERMS

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.

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.

SUBROGATION

A taking on of the legal rights of someone whose debts or expenses have been paid. For example, subrogation occurs when an insurance company that has paid off i... (more...)

A taking on of the legal rights of someone whose debts or expenses have been paid. For example, subrogation occurs when an insurance company that has paid off its injured claimant takes the legal rights the claimant has against a third party that caused the injury, and sues that third party.

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.

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.

CCCS

See Consumer Credit Counseling Service.

PRESUMED ABUSE

In a Chapter 7 bankruptcy, when the debtor's current monthly income exceeds the family median income for his or her state and he or she cannot pass the means te... (more...)

In a Chapter 7 bankruptcy, when the debtor's current monthly income exceeds the family median income for his or her state and he or she cannot pass the means test, the court will presume that the debtor has sufficient income to fund a Chapter 13 plan. In this situation, the debtor will not be allowed to proceed with a Chapter 7 bankruptcy unless the debtor can prove that he or she is not abusing the Chapter 7 bankruptcy remedy.

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.

LIQUIDATING PARTNER

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

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Marine City Credit & Debt Lawyer, Michigan, page 5

Sponsored Law Firm

Marrs & Terry, PLLC

SPONSORED LAWYERS

Sara Chesher Hirka

Manvinder S. Talwar

Ryan L. Westbrook

Cheryl D. Cook

Charles F. Sibert

Kenneth D. Bilodeau

Gary Baker Perkins

Alaina M. Zanke-Jodway

Daniel Luke Ravitz

David M. Honigman

TIPS

LEGAL TERMS

SECURED DEBT

REAFFIRMATION

SUBROGATION

TRADE DRESS

BULK SALES LAW

CCCS

PRESUMED ABUSE

FRAUDULENT TRANSFER

LIQUIDATING PARTNER

SAMPLE LEGAL CASES

New Freedom Mtg. Corp. v. Globe Mtg. Corp.

Barth v. FIRST CONSUMER CREDIT, INC.

CHARTER ONE BANK NA v. JP Morgan Chase Bank, NA

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