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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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Denise D. Twinney

Business, Credit & Debt, Bankruptcy, Bankruptcy & Debt

Status: In Good Standing

CONTACT

300 Ottawa Ave Nw, Grand Rapids, MI 49503

Matthew Thomas Berry

Workers' Compensation, Contract, Bankruptcy, Defamation & Slander

Status: In Good Standing Licensed: 10 Years

CONTACT

146 Monroe Center St Nw, Grand Rapids, MI 49503

Harold E. Nelson

Real Estate, Banking & Finance, Credit & Debt, Bankruptcy

Status: In Good Standing Licensed: 47 Years

CONTACT

55 Campau Ave Nw, Grand Rapids, MI 49503

Amanda Pilar Narvaes

Lawsuit & Dispute, Divorce, Business, Consumer Bankruptcy

Status: In Good Standing

CONTACT

80 Ottawa Ave Nw, Grand Rapids, MI 49503

John E. Anding

Litigation, Lawsuit & Dispute, Federal, Business, Consumer Bankruptcy

Status: In Good Standing

CONTACT

80 Ottawa Avenue, Nw, Grand Rapids, MI 49503

Thomas V. Hubbard

Litigation, Immigration, Business, Consumer Bankruptcy

Status: In Good Standing

CONTACT

80 Ottawa Ave Nw, Grand Rapids, MI 49503

Brian Lee Spitler

Family Law, Elder Law, Administrative Law, Collection

Status: In Good Standing Licensed: 10 Years

CONTACT

1155 Stokes St Ne, Grand Rapids, MI 49505

Rodney D. Martin

Biotechnology, Employee Rights, Business, Consumer Bankruptcy

Status: In Good Standing

CONTACT

150 Ottawa Ave Nw, Grand Rapids, MI 49503

Wade Mcconnell

Collection, Civil Rights, Child Custody, Landlord-Tenant

Status: In Good Standing

CONTACT

44 Grandville Avenue Sw, Grand Rapids, MI 49503

Jeffrey David Mapes

Other, Foreclosure, Bankruptcy, Bankruptcy & Debt

Status: In Good Standing Licensed: 18 Years

CONTACT

29 Pearl St Nw, Grand Rapids, MI 49503

800-923-0641

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LEGAL TERMS

CREDIT INSURANCE

Insurance a lender requires a borrower to purchase to cover the loan. If the borrower dies or becomes disabled before paying off the loan, the policy will pay o... (more...)

Insurance a lender requires a borrower to purchase to cover the loan. If the borrower dies or becomes disabled before paying off the loan, the policy will pay off the remaining balance. Federal and state consumer protection laws require the lender to disclose to existing and potential borrowers the terms and costs of obtaining credit insurance because it can affect the terms of the loan.

REDEMPTION

In Chapter 7 bankruptcy, when the debtor obtains legal title to collateral for a debt by paying the creditor the replacement value of the collateral in a lump s... (more...)

In Chapter 7 bankruptcy, when the debtor obtains legal title to collateral for a debt by paying the creditor the replacement value of the collateral in a lump sum. For example, a debtor may redeem a car note by paying the lender the amount a retail vendor would charge for the car, considering its age and condition.

DEBT COLLECTOR

A person who works in the in-house collections department of an original creditor or a collection agency to track down debtors and get them to pay what they owe... (more...)

A person who works in the in-house collections department of an original creditor or a collection agency to track down debtors and get them to pay what they owe. Debt collectors can be relentless, often using scare tactics, humiliation and repeated phone calls to extract payments or promises to pay.

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.

FAIR CREDIT BILLING ACT (FCBA)

A federal law that gives you rights when an error occurs on your credit card statement. You must notify the credit card company of the mistake within 60 days af... (more...)

A federal law that gives you rights when an error occurs on your credit card statement. You must notify the credit card company of the mistake within 60 days after it mailed the bill to you. The company must then correct the mistake, or at least acknowledge receipt of your letter within 30 days, and must correct the error within 90 days or explain why it believes the credit card statement is correct.

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.

LIQUIDATING PARTNER

The member of an insolvent or dissolving partnership responsible for paying the debts and settling the accounts of the partnership.

REAFFIRMATION

An agreement that a debtor and a creditor enter into after a debtor has filed for bankruptcy, in which the debtor agrees to repay all or part of an existing deb... (more...)

An agreement that a debtor and a creditor enter into after a debtor has filed for bankruptcy, in which the debtor agrees to repay all or part of an existing debt after the bankruptcy case is over. For instance, a debtor might make a reaffirmation agreement with the holder of a car note that the debtor can keep the car and must continue to pay the debt after bankruptcy.

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.

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Ravenna Bankruptcy & Debt Lawyer, Michigan, page 5

Sponsored Law Firm

Marrs & Terry, PLLC

SPONSORED LAWYERS

Denise D. Twinney

Matthew Thomas Berry

Harold E. Nelson

Amanda Pilar Narvaes

John E. Anding

Thomas V. Hubbard

Brian Lee Spitler

Rodney D. Martin

Wade Mcconnell

Jeffrey David Mapes

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LEGAL TERMS

CREDIT INSURANCE

REDEMPTION

DEBT COLLECTOR

NONPROFIT CORPORATION

FAIR CREDIT BILLING ACT (FCBA)

PRIORITY DEBT

LIQUIDATING PARTNER

REAFFIRMATION

FRAUDULENT TRANSFER

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