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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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Matthew M. Bieber

Contract, Collection, Personal Injury, Social Security

Status: Licensed: 18 Years

CONTACT

26224 Van Dyke Ave, Center Line, MI 48015

Donald W. Teichman

Elder Law, Contract, Collection, Defamation & Slander

Status: Licensed: 40 Years

CONTACT

25501 Van Dyke Ave, Center Line, MI 48015

Scott P. Zochowski

Criminal, Bankruptcy & Debt, Foreclosure, Collection

Status: Licensed: 27 Years

CONTACT

100 E Big Beaver Rd, Troy, MI 48083

Michelle A. King

Litigation, Credit & Debt, Collection, Bankruptcy

Status: Licensed: 17 Years

CONTACT

26304 Grobbel Ave, Warren, MI 48091

George A. Drosis

Employee Rights, Divorce, Insurance, Collection

Status:

CONTACT

101 W Big Beaver Rd, Troy, MI 48084

Steven A. Morris

Foreclosure, Litigation, Contract, Collection

Status: Licensed: 26 Years

CONTACT

363 W Big Beaver Rd, Troy, MI 48084

Catherine Helen Szymanski

Commercial Real Estate, Contract, Business, Collection

Status: Licensed: 24 Years

CONTACT

5151 Corporate Dr, Troy, MI 48098

Joseph Grima

Bankruptcy & Debt, Bankruptcy, Collection, Credit & Debt, Litigation

FREE CONSULTATION

CONTACT

18232 Mack Ave, Grosse Pointe, MI 48236

Bruce L. Townley

Construction, Deportation, Trusts, Divorce, Collection

Status: Licensed: 33 Years

CONTACT

3001 W Big Beaver Rd, Troy, MI 48084

Jonathan L. Engman

Landlord-Tenant, Construction, Contract, Collection

Status: Licensed: 27 Years

CONTACT

3290 W Big Beaver Rd, Troy, MI 48084

800-814-6700

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LEGAL TERMS

WORKOUT

A debtor's plan to take care of a debt, by paying it off or through loan forgiveness. Workouts are often created to avoid bankruptcy or foreclosure proceedings.

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.

GUARANTOR

A person who makes a legally binding promise to either pay another person's debt or perform another person's duty if that person defaults or fails to perform. T... (more...)

A person who makes a legally binding promise to either pay another person's debt or perform another person's duty if that person defaults or fails to perform. The guarantor gives a 'guaranty,' which is an assurance that the debt or other obligation will be fulfilled.

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.

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.

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.

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.

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.

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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Smiths Creek Collection Lawyer, Michigan, page 3

Sponsored Law Firm

Marrs & Terry, PLLC

SPONSORED LAWYERS

Matthew M. Bieber

Donald W. Teichman

Scott P. Zochowski

Michelle A. King

George A. Drosis

Steven A. Morris

Catherine Helen Szymanski

Joseph Grima

Bruce L. Townley

Jonathan L. Engman

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LEGAL TERMS

WORKOUT

NONPROFIT CORPORATION

GUARANTOR

ADMINISTRATIVE EXPENSES

FAIR CREDIT BILLING ACT (FCBA)

GARNISHMENT

BANKRUPTCY TRUSTEE

BULK SALES LAW

PROCEEDS FOR DAMAGED EXEMPT PROPERTY

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