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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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Barbara R. Levine

Criminal, Collection, Animal Bite, Accident & Injury

Status: In Good Standing

CONTACT

9685 Looking Glass Brook Dr, Grand Ledge, MI 48837

Ronald W. Emery

Criminal, Collection, Government

Status: In Good Standing Licensed: 50 Years

CONTACT

15930 Turnberry St, Lansing, MI 48906

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

Becky J. Bolles

Wills & Probate, Estate, Divorce & Family Law, Corporate, Collection

Status: In Good Standing Licensed: 27 Years

CONTACT

300 S University Ave, Mount Pleasant, MI 48858

Richard B. Stapleton

Collection

Status: Inactive Licensed: 38 Years

CONTACT

16346 Wacousta Rd, Grand Ledge, MI 48837

David J. Gilbert

Criminal, Elder Law, Contract, Collection, Personal Injury

Status: In Good Standing Licensed: 25 Years

CONTACT

306 E Broadway St, Mount Pleasant, MI 48858

Rhonda R. Kunkel

Landlord-Tenant, Estate Planning, Family Law, Collection

Status: In Good Standing Licensed: 22 Years

CONTACT

7521 Westshire Dr, Lansing, MI 48917

Martin F. Tieber

Collection, Federal Appellate Practice, Criminal

Status: In Good Standing Licensed: 49 Years

CONTACT

403 Seymour Ave, Lansing, MI 48933

John S. Pallas

Criminal, Collection

Status: In Good Standing Licensed: 35 Years

CONTACT

525 W Ottawa Street, Lansing, MI 48909

Marla R. Mccowan

Criminal, Collection

Status: In Good Standing Licensed: 27 Years

CONTACT

611 W Ottawa St, Lansing, MI 48933

800-923-0641

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LEGAL TERMS

LIMITED PARTNERSHIP

A business structure that allows one or more partners (called limited partners) to enjoy limited personal liability for partnership debts while another partner ... (more...)

A business structure that allows one or more partners (called limited partners) to enjoy limited personal liability for partnership debts while another partner or partners (called general partners) have unlimited personal liability. The key difference between a general and limited partner concerns management decision making--general partners run the business, and limited partners, who are usually passive investors, are not allowed to make day-to-day business decisions. If they do, they risk being treated as general partners with unlimited personal liability.

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.

FAIR CREDIT REPORTING ACT (FCRA)

A federal law that is designed to prevent inaccurate or obsolete information from entering or remaining in a credit report. The law requires credit bureaus to a... (more...)

A federal law that is designed to prevent inaccurate or obsolete information from entering or remaining in a credit report. The law requires credit bureaus to adopt reasonable procedures for gathering, maintaining and disseminating information and bars credit bureaus from reporting negative information that is older than seven years, except a bankruptcy, which may be reported for ten. If you notify a credit bureau of an error in your credit report, the FCRA requires the bureau to investigate your allegations within 30 days, review all information you provide, remove inaccurate and unverified information and adopt procedures to keep the information from reappearing. In addition, the law requires that creditors refrain from reporting incorrect information to credit bureaus.

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.

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.

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.

CURRENT MONTHLY INCOME

As defined by the new bankruptcy law, a bankruptcy filer's total gross income (whether taxable or not), averaged over the six-month period immediately preceding... (more...)

As defined by the new bankruptcy law, a bankruptcy filer's total gross income (whether taxable or not), averaged over the six-month period immediately preceding the bankruptcy filing. The debtor's current monthly income is used to determine whether the debtor can file for Chapter 7 bankruptcy, among other things.

LIEN

The right of a secured creditor to grab a specific item of property if you don't pay a debt. Liens you agree to are called security interests, and include mortg... (more...)

The right of a secured creditor to grab a specific item of property if you don't pay a debt. Liens you agree to are called security interests, and include mortgages, home equity loans, car loans and personal loans for which you pledge property to guarantee repayment. Liens created without your consent are called nonconsensual liens, and include judgment liens (liens filed by a creditor who has sued you and obtained a judgment), tax liens and mechanics liens (liens filed by a contractor who worked on your house but wasn't paid).

PROCEEDS FOR DAMAGED EXEMPT PROPERTY

In a bankruptcy proceeding, money collected through insurance, arbitration, mediation, settlement or a lawsuit to pay for exempt property that's no longer exemp... (more...)

In a bankruptcy proceeding, money collected through insurance, arbitration, mediation, settlement or a lawsuit to pay for exempt property that's no longer exemptible because it has been damaged or destroyed.

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Pompeii Collection Lawyer, Michigan

Sponsored Law Firm

Marrs & Terry, PLLC

SPONSORED LAWYERS

Barbara R. Levine

Ronald W. Emery

Brent David Riley

Becky J. Bolles

Richard B. Stapleton

David J. Gilbert

Rhonda R. Kunkel

Martin F. Tieber

John S. Pallas

Marla R. Mccowan

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LEGAL TERMS

LIMITED PARTNERSHIP

ABUSE

FAIR CREDIT REPORTING ACT (FCRA)

LIMITED LIABILITY

401(K) PLAN

BANKRUPTCY TRUSTEE

CURRENT MONTHLY INCOME

LIEN

PROCEEDS FOR DAMAGED EXEMPT PROPERTY

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