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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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Includes: Bankruptcy Litigation, Commercial Bankruptcy, Consumer Bankruptcy, Dissolution

Jeffrey G. Bennett

Farms, DUI-DWI, Criminal, Bankruptcy

Status: In Good Standing

FREE CONSULTATION

CONTACT

214 South Main Street, Ann Arbor, MI 48104

Charity A. Olson

Consumer Bankruptcy

Status: In Good Standing Licensed: 19 Years

CONTACT

Saline, MI 48176

Donnelly W. Hadden

Environmental Law, Consumer Rights, Consumer Bankruptcy, Accident & Injury

Status: In Good Standing Licensed: 63 Years

CONTACT

2002 Bancroft Dr, Ann Arbor, MI 48108

Kelli C.C. Meeks

Real Estate, Consumer Bankruptcy, Bankruptcy, Bankruptcy & Debt

Status: In Good Standing

CONTACT

455 E Eisenhower Pkwy, Ann Arbor, MI 48108

Thomas J. Buiteweg

Biotechnology, Contract, Business, Consumer Bankruptcy

Status: In Good Standing Licensed: 31 Years

CONTACT

3025 Boardwalk St, Ann Arbor, MI 48108

Lander C. Mcloyd

Wills, Trusts, Estate Planning, Estate, Bankruptcy

Status: In Good Standing

CONTACT

1785 W Stadium Blvd, Ann Arbor, MI 48103

Mitchell A. Goodkin

Entertainment, Labor Law, Business, Consumer Bankruptcy

Status: In Good Standing Licensed: 41 Years

CONTACT

2658 Esch Ave, Ann Arbor, MI 48104

Nathaniel H. Herdt

Lawsuit & Dispute, Intellectual Property, Bankruptcy, Bankruptcy & Debt

Status: In Good Standing

CONTACT

Milan, MI 48160

Rebekah Page-Gourley

Litigation, Intellectual Property, Federal Appellate Practice, Consumer Bankruptcy

Status: In Good Standing Licensed: 19 Years

CONTACT

1020 Greene St, Ann Arbor, MI 48109

Jacalen J. Garris

Divorce & Family Law, Consumer Bankruptcy, Bankruptcy, Wrongful Death, Car Accident

Status: In Good Standing

CONTACT

300 E Washington St, Ann Arbor, MI 48104

800-923-0641

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LEGAL TERMS

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.

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).

SECURED DEBT

A debt on which a creditor has a lien. The creditor can institute a foreclosure or repossession to take the property identified by the lien, called the collater... (more...)

A debt on which a creditor has a lien. The creditor can institute a foreclosure or repossession to take the property identified by the lien, called the collateral, to satisfy the debt if you default. Compare unsecured debt.

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.

DISCHARGEABLE DEBTS

Debts that can be erased by going through bankruptcy. Most debts incurred prior to declaring bankruptcy are dischargeable, including back rent, credit card bill... (more...)

Debts that can be erased by going through bankruptcy. Most debts incurred prior to declaring bankruptcy are dischargeable, including back rent, credit card bills and medical bills. Compare nondischargeable debts.

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.

INTEREST

A commission you pay a bank or other creditor for lending you money or extending you credit. An interest rate represents the annual percentage that is added to ... (more...)

A commission you pay a bank or other creditor for lending you money or extending you credit. An interest rate represents the annual percentage that is added to your balance. This means that if your loan or credit line has an interest rate of 8%, the holder adds 8% to the balance each year. More specifically, interest is calculated and added to your loan or credit line through a process called compounding. If interest is compounded daily, the balance will rise by 1/365th of 8% each day. If interest is compounded monthly, the balance will rise 1/12th of 8% at the start of each month.

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.

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.'

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Saline Bankruptcy Lawyer, Michigan

Sponsored Law Firm

Marrs & Terry, PLLC

SPONSORED LAWYERS

Jeffrey G. Bennett

Charity A. Olson

Donnelly W. Hadden

Kelli C.C. Meeks

Thomas J. Buiteweg

Lander C. Mcloyd

Mitchell A. Goodkin

Nathaniel H. Herdt

Rebekah Page-Gourley

Jacalen J. Garris

TIPS

LEGAL TERMS

FRAUDULENT TRANSFER

LIEN

SECURED DEBT

PROCEEDS FOR DAMAGED EXEMPT PROPERTY

DISCHARGEABLE DEBTS

DEBT COLLECTOR

INTEREST

LIMITED PARTNERSHIP

LOSS DAMAGE WAIVER (LDW)

SAMPLE LEGAL CASES

RDM Holdings, Ltd. v. Continental Plastics Co.

Gulf Underwriters Ins. Co. v. McCLAIN INDUSTRIES, INC.

MICHIGAN COMMERCE BANK v. PALMS INVESTMENTS, LLC

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