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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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C Mark Stoppels

Business Organization, Collection, Banking & Finance, Wills & Probate

Status:

CONTACT

825 Parchment Drive S. E., Grand Rapids, MI 49546

Raymond J. Pater

Family Law, Divorce & Family Law, Collection

Status: Licensed: 42 Years

CONTACT

704 Michigan Ave, Holland, MI 49423

Kathleen M. Brickley

Litigation, Family Law, Criminal, Collection

Status: Licensed: 37 Years

CONTACT

212 E Paw Paw St, Paw Paw, MI 49079

Justin R. Workman

Administrative Law, Collection, Animal Bite, Labor Law

Status: Licensed: 10 Years

CONTACT

425 S Westnedge Ave, Kalamazoo, MI 49007

Dorphine E. Payne

Collection, Children's Rights, Criminal

Status: Licensed: 26 Years

CONTACT

834 King Hwy, Kalamazoo, MI 49001

Robert L. Hencken

Trusts, Divorce, Contract, Collection

Status: Licensed: 55 Years

CONTACT

121 W Cedar St, Kalamazoo, MI 49007

Lana Escamilla

Litigation, International Other, Contract, Collection

Status: Licensed: 18 Years

CONTACT

1300 W Centre Ave, Portage, MI 49024

Tiffany Suzanne Baker

Consumer Bankruptcy, Administrative Law, Public Finance, Motor Vehicle, Collection

Status: Licensed: 12 Years

CONTACT

1515 28Th St Sw, Grand Rapids, MI 49509

Theodore James Westbrook

Foreclosure, Science, Technology & Internet, Consumer Protection, Contract, Collection

Status:

CONTACT

Grand Rapids, MI 49528

Donna B. Howard

Criminal, Collection

Status: Licensed: 28 Years

CONTACT

811 Port St, Saint Joseph, MI 49085

800-814-6700

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LEGAL TERMS

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.

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.

GARNISHMENT

A court-ordered process that takes property from a person to satisfy a debt. For example, a person who owes money to a creditor may have her wages garnished if ... (more...)

A court-ordered process that takes property from a person to satisfy a debt. For example, a person who owes money to a creditor may have her wages garnished if she loses a lawsuit filed by the creditor. Up to 25% of a person's wages can be deducted.

COLLATERAL

Property that guarantees payment of a secured debt.

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.

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.

NONDISCHARGEABLE DEBTS

Debts that cannot be erased by filing for bankruptcy. If you file for Chapter 7 bankruptcy, these debts will remain when your case is over. If you file for Chap... (more...)

Debts that cannot be erased by filing for bankruptcy. If you file for Chapter 7 bankruptcy, these debts will remain when your case is over. If you file for Chapter 13 bankruptcy, the nondischargeable debts will have to be paid in full during your plan or you will have a balance at the end of your case. Examples of nondischargeable debts include alimony and child support, most income tax debts, many student loans and debts for personal injury or death caused by drunk driving. Compare dischargeable debts.

LOSS DAMAGE WAIVER (LDW)

Rental car insurance that makes the rental car company responsible for damage to or theft of a rental car. This insurance is a major consumer ripoff, as it ofte... (more...)

Rental car insurance that makes the rental car company responsible for damage to or theft of a rental car. This insurance is a major consumer ripoff, as it often duplicates coverage provided by the renter's regular car insurance and/or the credit card she uses to rent the car. Nevertheless, hard-sell practices by rental car agents often dupe people into buying LDWs they don't really need. LDW is also called 'collision damage waiver.'

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.

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Pullman Collection Lawyer, Michigan

Sponsored Law Firm

Marrs & Terry, PLLC

SPONSORED LAWYERS

C Mark Stoppels

Raymond J. Pater

Kathleen M. Brickley

Justin R. Workman

Dorphine E. Payne

Robert L. Hencken

Lana Escamilla

Tiffany Suzanne Baker

Theodore James Westbrook

Donna B. Howard

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LEGAL TERMS

BULK SALES LAW

WINDING UP

GARNISHMENT

COLLATERAL

LIMITED LIABILITY

PRIORITY DEBT

NONDISCHARGEABLE DEBTS

LOSS DAMAGE WAIVER (LDW)

ADMINISTRATIVE EXPENSES

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