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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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Kenneth J. Safran

Civil Rights, Collection, Car Accident, Accident & Injury

Status: In Good Standing Licensed: 50 Years

CONTACT

10524 Grand River Rd, Brighton, MI 48116

Steven M. Dodge

Litigation, Deportation, Criminal, Collection

Status: In Good Standing Licensed: 37 Years

CONTACT

7960 Grand River Rd, Brighton, MI 48114

Ricardo Enriquez

Dispute Resolution, Federal Appellate Practice, Family Law, Collection

Status: In Good Standing Licensed: 37 Years

CONTACT

7900 Grand River Rd, Brighton, MI 48114

John G McGill

Tax, Government, Wills, Collection

Status: In Good Standing Licensed: 37 Years

CONTACT

8640 Heatherset Dr, Brighton, MI 48114

Dianne S. Ruhlandt

Landlord-Tenant, Employee Rights, Business, Collection

Status: In Good Standing

CONTACT

9139 N Clio Rd, Clio, MI 48420

Brent David Riley

Landlord-Tenant, Federal Appellate Practice, Contract, Collection

Status: In Good Standing Licensed: 10 Years

CONTACT

13851 S Hinman Rd, Eagle, MI 48822

Ronald D. Kregel

Real Estate, Collection

Status: In Good Standing Licensed: 52 Years

CONTACT

5249 E Hidden Lake Dr, East Lansing, MI 48823

Ted W. Stroud

Litigation, Contract, Collection, Medical Malpractice

Status: In Good Standing

CONTACT

200 Woodland Pass, East Lansing, MI 48823

Jonathan Curtis Mizer

Federal Appellate Practice, Estate Planning, Business, Collection

Status: In Good Standing Licensed: 19 Years

CONTACT

East Lansing, MI 48826

Richard Whitney

Collection, Social Security, Elder Law, Family Law

Status: In Good Standing Licensed: 38 Years

CONTACT

5932 York Way, East Lansing, MI 48823

800-923-0641

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LEGAL TERMS

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.

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.

GRACE PERIOD

A period of time during which you are not required to make payments on a debt. For example, most credit cards give you a grace period of 20-30 days before you h... (more...)

A period of time during which you are not required to make payments on a debt. For example, most credit cards give you a grace period of 20-30 days before you have to pay interest on the amount of your purchases. Cash advances, however, usually have no grace period; interest begins to accumulate from the date of the withdrawal, even if you pay your bills on time. Also, some student loans give you a grace period after graduating or dropping out of school. During this time, you are not required to make payments on your loan.

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.

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.

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.

BANKRUPTCY TRUSTEE

A person appointed by the court to oversee the case of a person or business that has filed for bankruptcy. In a consumer Chapter 7 case, the trustee's role is t... (more...)

A person appointed by the court to oversee the case of a person or business that has filed for bankruptcy. In a consumer Chapter 7 case, the trustee's role is to gather the debtor's nonexempt property, liquidate it and distribute it proportionally to her creditors. In a Chapter 13 case, the trustee's role is to receive the debtor's monthly payments and distribute them proportionally to her creditors.

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.

Ovid Collection Lawyer, Michigan

Sponsored Law Firm

Marrs & Terry, PLLC

SPONSORED LAWYERS

Kenneth J. Safran

Steven M. Dodge

Ricardo Enriquez

John G McGill

Dianne S. Ruhlandt

Brent David Riley

Ronald D. Kregel

Ted W. Stroud

Jonathan Curtis Mizer

Richard Whitney

TIPS

LEGAL TERMS

SECRET WARRANTY PROGRAM

FRAUDULENT TRANSFER

GRACE PERIOD

SOLE PROPRIETORSHIP

WINDING UP

PRIORITY DEBT

BANKRUPTCY TRUSTEE

COLLECTION AGENCY

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