Marine City Credit & Debt Lawyer, Michigan, page 6

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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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Douglas C. Bernstein

Foreclosure, Contract, Banking & Finance, Credit & Debt

Status: Licensed: 43 Years

CONTACT

38505 Woodward Ave, Bloomfield Hills, MI 48304

Victoria L. Targosz

Landlord-Tenant, Litigation, Contract, Credit & Debt

Status:

CONTACT

15920 W 12 Mile Rd, Southfield, MI 48076

Lori J. Frank

Social Security, Business, Credit & Debt, Consumer Bankruptcy

Status:

CONTACT

16155 W 12 Mile Rd, Southfield, MI 48076

Andrew Ian Johnston

International, Municipal, Contract, Credit & Debt

Status: Licensed: 10 Years

CONTACT

25900 Greenfield Rd, Oak Park, MI 48237

Kellie M. Blair

Construction, Federal Appellate Practice, Contract, Credit & Debt

Status:

CONTACT

39572 Woodward Ave, Bloomfield Hills, MI 48304

Jennifer Lynne Meyers

Employee Rights, Family Law, Contract, Credit & Debt

Status: Licensed: 23 Years

CONTACT

33 Bloomfield Hills Pkwy, Bloomfield Hills, MI 48304

John Joseph Stockdale

Banking & Finance, Business, Credit & Debt, Bankruptcy

Status:

CONTACT

40950 Woodward Ave, Bloomfield Hills, MI 48304

Jeffery Jon Sattler

Litigation, Corporate, Business, Credit & Debt

Status: Licensed: 17 Years

CONTACT

40950 Woodward Ave, Bloomfield Hills, MI 48304

Julian M. Levant

Landlord-Tenant, Family Law, Contract, Credit & Debt

Status: Licensed: 53 Years

CONTACT

40700 Woodward Ave, Bloomfield Hills, MI 48304

Ian Sean Bolton

Construction, Banking & Finance, Credit & Debt, Defamation & Slander

Status:

CONTACT

24361 Greenfield Rd, Southfield, MI 48075

800-923-0641

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LEGAL TERMS

CREDITOR

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

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.

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.

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.

IRS EXPENSES

A table of national and regional expense estimates published by the IRS. Debtors whose current monthly income is more than their state's median family income mu... (more...)

A table of national and regional expense estimates published by the IRS. Debtors whose current monthly income is more than their state's median family income must use the IRS expenses to calculate their average net income in a Chapter 7 case, or their disposable income in a Chapter 13 case.

ADMINISTRATIVE EXPENSES

The trustee's fee, the debtor's attorney fees, and other costs of bringing a bankruptcy case that a debtor must pay in full in a Chapter 13 repayment plan. Admi... (more...)

The trustee's fee, the debtor's attorney fees, and other costs of bringing a bankruptcy case that a debtor must pay in full in a Chapter 13 repayment plan. Administrative costs are typically 10% of the debtor's total payments under the plan.

INFRINGEMENT (OF TRADEMARK)

Unauthorized use of a protected trademark or service mark, or use of something very similar to a protected mark. The success of a lawsuit to stop the infringeme... (more...)

Unauthorized use of a protected trademark or service mark, or use of something very similar to a protected mark. The success of a lawsuit to stop the infringement turns on whether the defendant's use causes a likelihood of confusion in the average consumer. If a court determines that the average consumer would be confused, the owner of the original mark can prevent the other's use of the infringing mark and sometimes collect damages.

WINDING UP

The process of paying off expenses and creditors, settling accounts, and collecting and distributing (to shareholders and owners) whatever assets then remain, a... (more...)

The process of paying off expenses and creditors, settling accounts, and collecting and distributing (to shareholders and owners) whatever assets then remain, all with the ultimate goal of liquidating or closing down a corporation or partnership.

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).

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Marine City Credit & Debt Lawyer, Michigan, page 6

Sponsored Law Firm

Marrs & Terry, PLLC

SPONSORED LAWYERS

Douglas C. Bernstein

Victoria L. Targosz

Lori J. Frank

Andrew Ian Johnston

Kellie M. Blair

Jennifer Lynne Meyers

John Joseph Stockdale

Jeffery Jon Sattler

Julian M. Levant

Ian Sean Bolton

TIPS

LEGAL TERMS

CREDITOR

PRIORITY DEBT

COLLECTION AGENCY

INTEREST

IRS EXPENSES

ADMINISTRATIVE EXPENSES

INFRINGEMENT (OF TRADEMARK)

WINDING UP

CREDIT REPORT

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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