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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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Katharine M. Hude

Landlord-Tenant, Entertainment, Contract, Credit & Debt

Status: In Good Standing Licensed: 15 Years

CONTACT

824 N Capitol Ave, Lansing, MI 48906

Kenneth Robert Bauman

Real Estate, Aviation, Business, Credit & Debt

Status: In Good Standing Licensed: 11 Years

CONTACT

1 Corporate Way, Lansing, MI 48951

Kristin L. Millerov

Landlord-Tenant, Deportation, Elder Law, Credit & Debt

Status: In Good Standing

CONTACT

3490 Belle Chase Way, Lansing, MI 48911

Lauren Alina Elster

Contract, Credit & Debt, Personal Injury

Status: In Good Standing Licensed: 10 Years

CONTACT

4121 Okemos Rd, Okemos, MI 48864

Michael J. Mcphillips

Deportation, Divorce, Elder Law, Credit & Debt

Status: In Good Standing Licensed: 43 Years

CONTACT

121 W Apple St, Hastings, MI 49058

Michael R Bell

Tax, Federal Appellate Practice, Administrative Law, Credit & Debt

Status: In Good Standing Licensed: 32 Years

CONTACT

Lansing, MI 48909

Michael R. Bell

Tax, Federal Appellate Practice, Administrative Law, Credit & Debt

Status: In Good Standing Licensed: 32 Years

CONTACT

Lansing, MI 48909

Michelle L. Marrs

Bankruptcy & Debt, Credit & Debt, Divorce & Family Law, Reorganization, Lawsuit & Dispute

Status: In Good Standing

FREE CONSULTATION

CONTACT

209 E Washington, Jackson, MI 49201

Nicholas Dean Garlinghouse

Landlord-Tenant, Landlord-Tenant, Estate, Business, Credit & Debt

Status: In Good Standing Licensed: 16 Years

CONTACT

4121 Okemos Rd, Okemos, MI 48864

Nicole M. Smithson

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

Status: In Good Standing Licensed: 25 Years

CONTACT

611 W Ottawa St, Lansing, MI 48933

800-923-0641

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LEGAL TERMS

FCRA

See Fair Credit Reporting Act.

COLLATERAL

Property that guarantees payment of a secured debt.

DISCHARGE (OF DEBTS)

A bankruptcy court's erasure of the debts of a person or business that has filed for bankruptcy.

401(K) PLAN

A deferred compensation savings program in which employees invest part of their wages, sometimes along with employer contributions, to save on taxes. No income ... (more...)

A deferred compensation savings program in which employees invest part of their wages, sometimes along with employer contributions, to save on taxes. No income taxes on the amount invested and any earnings are due until the employee withdraws money from the fund.

UNSECURED DEBT

A debt that is not tied to any item of property. A creditor doesn't have the right to grab property to satisfy the debt if you default. The creditor's only reme... (more...)

A debt that is not tied to any item of property. A creditor doesn't have the right to grab property to satisfy the debt if you default. The creditor's only remedy is to sue you and get a judgment. Compare secured debt.

NONPROFIT CORPORATION

A legal structure authorized by state law allowing people to come together to either benefit members of an organization (a club, or mutual benefit society) or f... (more...)

A legal structure authorized by state law allowing people to come together to either benefit members of an organization (a club, or mutual benefit society) or for some public purpose (such as a hospital, environmental organization or literary society). Nonprofit corporations, despite the name, can make a profit, but the business cannot be designed primarily for profit-making purposes, and the profits must be used for the benefit of the organization or purpose the corporation was created to help. When a nonprofit corporation dissolves, any remaining assets must be distributed to another nonprofit, not to board members. As with for-profit corporations, directors of nonprofit corporations are normally shielded from personal liability for the organization's debts. Some nonprofit corporations qualify for a federal tax exemption under _ 501(c)(3) of the Internal Revenue Code, with the result that contributions to the nonprofit are tax deductible by their donors.

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.

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.

PREFERENCE

A payment made by a debtor to a creditor within a defined period prior to filing for bankruptcy -- within three months for arms-length creditors (regular commer... (more...)

A payment made by a debtor to a creditor within a defined period prior to filing for bankruptcy -- within three months for arms-length creditors (regular commercial creditors) and within one year for insider creditors (friends, family members, and business associates). Because a preference gives the creditor who received the payment an edge over other creditors in the bankruptcy case, the trustee can recover the preference (the amount of the payment) and distribute it among all of the creditors.

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Onondaga Credit & Debt Lawyer, Michigan, page 3

Sponsored Law Firm

Marrs & Terry, PLLC

SPONSORED LAWYERS

Katharine M. Hude

Kenneth Robert Bauman

Kristin L. Millerov

Lauren Alina Elster

Michael J. Mcphillips

Michael R Bell

Michael R. Bell

Michelle L. Marrs

Nicholas Dean Garlinghouse

Nicole M. Smithson

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LEGAL TERMS

FCRA

COLLATERAL

DISCHARGE (OF DEBTS)

401(K) PLAN

UNSECURED DEBT

NONPROFIT CORPORATION

CREDIT COUNSELING

SUBROGATION

PREFERENCE

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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