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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.
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Christopher W. Jones

Real Estate, Litigation, Bankruptcy, Bankruptcy & Debt

Status: In Good Standing

CONTACT

8900 E 13 Mile Rd, Warren, MI 48093

Kevin F. Carr

Dispute Resolution, Bankruptcy, Bankruptcy & Debt, Property Damage

Status: In Good Standing Licensed: 44 Years

CONTACT

8900 E 13 Mile Rd, Warren, MI 48093

William D. Johnson

Real Estate, Litigation, Bankruptcy, Bankruptcy & Debt

Status: In Good Standing

CONTACT

8900 E 13 Mile Rd, Warren, MI 48093

Stacy M. Davis

Bankruptcy

Status: In Good Standing Licensed: 21 Years

CONTACT

8900 E 13 Mile Rd, Warren, MI 48093

Brett James Mangon

General Practice

Status: In Good Standing Licensed: 23 Years

CONTACT

28755 Schoenherr Rd, Warren, MI 48088

Patrick Edward Cahill

Traffic, Trusts, Adoption, Collection

Status: In Good Standing Licensed: 14 Years

CONTACT

28755 Schoenherr Rd, Warren, MI 48088

Terrance A. Hiller

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

Status: In Good Standing Licensed: 28 Years

CONTACT

31201 Chicago Rd South, Warren, MI 48093

Xinchen Yu

Bankruptcy

Status: In Good Standing

CONTACT

31201 Chicago Road South, Warren, MI 48093

Lillia Thair Tika

Workers' Compensation, Contract, Collection, Personal Injury, Trusts

Status: In Good Standing

CONTACT

4066 Sudbury Dr, Warren, MI 48092

Sophie Modelski

Bankruptcy & Debt

Status: In Good Standing Licensed: 42 Years

CONTACT

11843 E 13 Mile Rd, Warren, MI 48093

800-923-0641

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LEGAL TERMS

DOING BUSINESS AS (DBA)

A situation in which a business owner operates a company under a name different from his or her real name. The owner must file a 'fictitious name statement' or ... (more...)

A situation in which a business owner operates a company under a name different from his or her real name. The owner must file a 'fictitious name statement' or similar document with the appropriate agency -- for example, the county clerk. This enables consumers to discover the names of the business owners, which is important if a consumer needs to sue the business.

TRADE DRESS

The distinctive packaging or design of a product that promotes the product and distinguishes it from other products in the marketplace -- for example, the shape... (more...)

The distinctive packaging or design of a product that promotes the product and distinguishes it from other products in the marketplace -- for example, the shape of Frangelico liqueur bottles. Trade dress can be protected under trademark law if a showing can be made that the average consumer would likely be confused as to product origin if another product were allowed to appear in similar dress.

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.

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.

BANKRUPTCY

A legal proceeding that relieves you of the responsibility of paying your debts or provides you with protection while attempting to repay your debts. There are ... (more...)

A legal proceeding that relieves you of the responsibility of paying your debts or provides you with protection while attempting to repay your debts. There are two types of bankruptcies -- liquidation, in which your debts are wiped out (discharged) and reorganization, in which you provide the court with a plan for how you intend to repay your debts. For both consumers and business, liquidation bankruptcy is called Chapter 7. For consumers, reorganization bankruptcy is called Chapter 13. Reorganization bankruptcy for consumers with an extraordinary amount of debt and for businesses is called Chapter 11. Reorganization bankruptcy for family farmers is called Chapter 12.

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.

PRESUMED ABUSE

In a Chapter 7 bankruptcy, when the debtor's current monthly income exceeds the family median income for his or her state and he or she cannot pass the means te... (more...)

In a Chapter 7 bankruptcy, when the debtor's current monthly income exceeds the family median income for his or her state and he or she cannot pass the means test, the court will presume that the debtor has sufficient income to fund a Chapter 13 plan. In this situation, the debtor will not be allowed to proceed with a Chapter 7 bankruptcy unless the debtor can prove that he or she is not abusing the Chapter 7 bankruptcy remedy.

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.

TRADE NAME

The official name of a business, the one it uses on its letterhead and bank account when not dealing with consumers.

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Warren Bankruptcy & Debt Lawyer, Michigan, page 4

Sponsored Law Firm

Marrs & Terry, PLLC

SPONSORED LAWYERS

Christopher W. Jones

Kevin F. Carr

William D. Johnson

Stacy M. Davis

Brett James Mangon

Patrick Edward Cahill

Terrance A. Hiller

Xinchen Yu

Lillia Thair Tika

Sophie Modelski

TIPS

LEGAL TERMS

DOING BUSINESS AS (DBA)

TRADE DRESS

DISCHARGEABLE DEBTS

REPOSSESSION

BANKRUPTCY

INTEREST

PRESUMED ABUSE

REDEMPTION

TRADE NAME

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