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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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Clinton Canady

Dispute Resolution, Criminal, Collection

Status: Licensed: 52 Years

CONTACT

313 W. Kalamazoo, Lansing, MI 48933

Rhonda R. Kunkel

Landlord-Tenant, Estate Planning, Family Law, Collection

Status: Licensed: 23 Years

CONTACT

7521 Westshire Dr, Lansing, MI 48917

Adam Lee Spinelli Fracassi

Election & Political, Civil Rights, Administrative Law, Collection

Status: Licensed: 10 Years

CONTACT

430 W Allegan St, Lansing, MI 48933

Avar Patrice Laws-Wright

Criminal, Administrative Law, Collection, Estate Planning

Status: Licensed: 17 Years

CONTACT

611 W Ottawa St, Lansing, MI 48933

Maribeth L. Zeller

Criminal, Collection

Status: Licensed: 21 Years

CONTACT

611 W Ottawa St, Lansing, MI 48933

Douglas B. Shapiro

Federal Appellate Practice, Collection, Reinsurance, Criminal

Status: Licensed: 39 Years

CONTACT

925 W Ottawa St, Lansing, MI 48915

Gary L. Rogers

Other, Federal Appellate Practice, Criminal, Collection, Real Estate

Status: Licensed: 29 Years

CONTACT

925 W Ottawa St, Lansing, MI 48915

Steven H. Langschwager

Administrative Law, Collection, Federal Appellate Practice, Guardianships & Conservatorships

Status: Licensed: 28 Years

CONTACT

525 W Ottawa St, Lansing, MI 48933

Jessica L. Zimbelman

Federal Appellate Practice, Criminal, Collection

Status: Licensed: 17 Years

CONTACT

200 N Washington Square, Lansing, MI 48933

Marjorie P. Russell

Employee Rights, Insurance, Collection, Medical Malpractice

Status: Licensed: 42 Years

CONTACT

305 N Fairview Ave, Lansing, MI 48912

800-814-6700

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LEGAL TERMS

PREFERENCE

A payment made by a debtor to a creditor within a defined period prior to filing for bankruptcy -- within three months for arms-length creditors (regular commer... (more...)

A payment made by a debtor to a creditor within a defined period prior to filing for bankruptcy -- within three months for arms-length creditors (regular commercial creditors) and within one year for insider creditors (friends, family members, and business associates). Because a preference gives the creditor who received the payment an edge over other creditors in the bankruptcy case, the trustee can recover the preference (the amount of the payment) and distribute it among all of the creditors.

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.

CYBERSQUATTING

Buying a domain name that reflects the name of a business or famous person with the intent of selling the name back to the business or celebrity for a profit. T... (more...)

Buying a domain name that reflects the name of a business or famous person with the intent of selling the name back to the business or celebrity for a profit. The Anticybersquatting Consumer Protection Act of 1999 authorizes a cybersquatting victim to file a federal lawsuit to regain a domain name or sue for financial compensation. Under the act, registering, selling or using a domain name with the intent to profit from someone else's good name is considered cybersquatting. Victims of cybersquatting can also use the provisions of the Uniform Domain Name Dispute Resolution Policy adopted by ICANN, an international tribunal administering domain names. This international policy results in arbitration of the dispute, not litigation.

NUISANCE FEES

Money charged by some credit card companies to increase their profits when you fail to use the card the way the creditor wants. Examples include late payment fe... (more...)

Money charged by some credit card companies to increase their profits when you fail to use the card the way the creditor wants. Examples include late payment fees, inactivity fees and fees for not carrying a balance from month to month. It's best to shop around and get rid of cards that have these fees attached.

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.

REPOSSESSION

A creditor's taking property that has been pledged as collateral for a loan. Lenders will most often repossess cars when the owner has missed loan payments and ... (more...)

A creditor's taking property that has been pledged as collateral for a loan. Lenders will most often repossess cars when the owner has missed loan payments and has not attempted to work with the lender to resolve the problem. A repossessor can't use force to get at your car, but he can legally hot-wire it and even drive it out of your unlocked garage.

S CORPORATION

A term that describes a profit-making corporation organized under state law whose shareholders have applied for and received subchapter S corporation status fro... (more...)

A term that describes a profit-making corporation organized under state law whose shareholders have applied for and received subchapter S corporation status from the Internal Revenue Service. Electing to do business as an S corporation lets shareholders enjoy limited liability status, as would be true of any corporation, but be taxed like a partnership or sole proprietor. That is, instead of being taxed as a separate entity (as would be the case with a regular or C corporation) an S corporation is a pass-through tax entity: income taxes are reported and paid by the shareholders, not the S corporation. To qualify as an S corporation a number of IRS rules must be met, such as a limit of 75 shareholders and citizenship requirements.

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.

CREDIT COUNSELING

Counseling that explores the possibility of repaying debts outside of bankruptcy and educates the debtor about credit, budgeting, and financial management. Unde... (more...)

Counseling that explores the possibility of repaying debts outside of bankruptcy and educates the debtor about credit, budgeting, and financial management. Under the new bankruptcy law, a debtor must undergo credit counseling with an approved provider before filing for bankruptcy.

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Spring Arbor Collection Lawyer, Michigan, page 3

Sponsored Law Firm

Marrs & Terry, PLLC

SPONSORED LAWYERS

Clinton Canady

Rhonda R. Kunkel

Adam Lee Spinelli Fracassi

Avar Patrice Laws-Wright

Maribeth L. Zeller

Douglas B. Shapiro

Gary L. Rogers

Steven H. Langschwager

Jessica L. Zimbelman

Marjorie P. Russell

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LEGAL TERMS

PREFERENCE

NONDISCHARGEABLE DEBTS

CYBERSQUATTING

NUISANCE FEES

LIMITED LIABILITY

REPOSSESSION

S CORPORATION

GARNISHMENT

CREDIT COUNSELING

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