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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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Charles J. Schneider

Bankruptcy, Bankruptcy & Debt, Credit & Debt

Status: In Good Standing

CONTACT

39319 Plymouth Rd, Livonia, MI 48150

Ali Habib Moubarak

Criminal, Contract, Credit & Debt, Collection

Status: In Good Standing Licensed: 7 Years

CONTACT

1 Parklane Blvd, Dearborn, MI 48126

Amanda Marie Tourangeau

Administrative Law, Employment, Credit & Debt, Family Law

Status: In Good Standing Licensed: 11 Years

CONTACT

3026 W Grand Blvd, Detroit, MI 48202

Andrew Scott Worrall

Credit & Debt

Status: In Good Standing Licensed: 14 Years

CONTACT

Detroit, MI 48275

Brian Gurta

Commercial Real Estate, Landlord-Tenant, Credit & Debt

Status: In Good Standing Licensed: 8 Years

CONTACT

23820 Eureka Rd, Taylor, MI 48180

Chadi Hani Habib

Government Contract, Workers' Compensation, Contract, Credit & Debt

Status: In Good Standing Licensed: 22 Years

CONTACT

7733 Schaefer Rd, Dearborn, MI 48126

David M. Parrott

Landlord-Tenant, Traffic, Civil Rights, Credit & Debt

Status: In Good Standing Licensed: 39 Years

CONTACT

42156 N. Cumberland Drive, Belleville, MI 48111

David Ross Ienna

Landlord-Tenant, Litigation, Contract, Credit & Debt

Status: In Good Standing Licensed: 11 Years

CONTACT

1 Parklane Blvd, Dearborn, MI 48126

Elaine W. Mardirosian

Landlord-Tenant, Real Estate, Family Medical Leave Act (FMLA), Credit & Debt

Status: In Good Standing Licensed: 43 Years

CONTACT

1373 Balfour St, Grosse Pointe, MI 48230

Gary Ford Allen

Patent, Estate Planning, Elder Law, Credit & Debt, Real Estate Other

Status: In Good Standing

CONTACT

41700 6 Mile Rd, Northville, MI 48168

800-923-0641

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LEGAL TERMS

SECRET WARRANTY PROGRAM

A program under which a car manufacturer will make repairs for free on vehicles with persistent problems, even after the warranty has expired, in order to avoid... (more...)

A program under which a car manufacturer will make repairs for free on vehicles with persistent problems, even after the warranty has expired, in order to avoid a recall and the accompanying bad press. Secret warranties are rarely advertised by the manufacturer, so consumers must pursue the manufacturer to discover and take advantage of them. A few states require manufacturers to notify car buyers when they adopt secret warranty programs.

CREDITOR

A person or entity (such as a bank) to whom a debt is owed.

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.

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.'

DISPOSABLE INCOME

The difference between a debtor's current monthly income and allowable expenses. This is the amount that the new bankruptcy law deems available to pay into a Ch... (more...)

The difference between a debtor's current monthly income and allowable expenses. This is the amount that the new bankruptcy law deems available to pay into a Chapter 13 plan.

CHAPTER 7 BANKRUPTCY

The most familiar type of bankruptcy, in which many or all of your debts are wiped out completely in exchange for giving up your nonexempt property. Chapter 7 b... (more...)

The most familiar type of bankruptcy, in which many or all of your debts are wiped out completely in exchange for giving up your nonexempt property. Chapter 7 bankruptcy takes from three to six months, costs about $200, and commonly requires only one trip to the courthouse.

401(K) PLAN

A deferred compensation savings program in which employees invest part of their wages, sometimes along with employer contributions, to save on taxes. No income ... (more...)

A deferred compensation savings program in which employees invest part of their wages, sometimes along with employer contributions, to save on taxes. No income taxes on the amount invested and any earnings are due until the employee withdraws money from the fund.

FDCPA

See Fair Debt Collections & Practices Act.

UNSECURED DEBT

A debt that is not tied to any item of property. A creditor doesn't have the right to grab property to satisfy the debt if you default. The creditor's only reme... (more...)

A debt that is not tied to any item of property. A creditor doesn't have the right to grab property to satisfy the debt if you default. The creditor's only remedy is to sue you and get a judgment. Compare secured debt.

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Trenton Credit & Debt Lawyer, Michigan

Sponsored Law Firm

Marrs & Terry, PLLC

SPONSORED LAWYERS

Charles J. Schneider

Ali Habib Moubarak

Amanda Marie Tourangeau

Andrew Scott Worrall

Brian Gurta

Chadi Hani Habib

David M. Parrott

David Ross Ienna

Elaine W. Mardirosian

Gary Ford Allen

TIPS

LEGAL TERMS

SECRET WARRANTY PROGRAM

CREDITOR

S CORPORATION

LOSS DAMAGE WAIVER (LDW)

DISPOSABLE INCOME

CHAPTER 7 BANKRUPTCY

401(K) PLAN

FDCPA

UNSECURED DEBT

SAMPLE LEGAL CASES

New Freedom Mtg. Corp. v. Globe Mtg. Corp.

Barth v. FIRST CONSUMER CREDIT, INC.

CHARTER ONE BANK NA v. JP Morgan Chase Bank, NA

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