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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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Darin Kurt Weinberg

Divorce & Family Law, Criminal, Bankruptcy, Accident & Injury

Status: In Good Standing

FREE CONSULTATION

CONTACT

38110 N. Executive Drive, Westland, MI 48185

Gary L. Sackett

Tax, Transportation & Shipping, Elder Law, Bankruptcy

Status: In Good Standing

CONTACT

8556 N. Canton Center Road, Canton, MI 48188

Amy Elisa Ruark

Estate Planning, Estate, Bankruptcy, Bankruptcy & Debt

Status: In Good Standing

CONTACT

1233 Rahn St, Westland, MI 48186

Christopher A. Winkler

Litigation, Consumer Rights, Consumer Bankruptcy

Status: In Good Standing

CONTACT

30928 Ford Rd, Garden City, MI 48135

Christopher M. Lovasz

Consumer Rights, Consumer Bankruptcy

Status: In Good Standing Licensed: 34 Years

CONTACT

30928 Ford Rd, Garden City, MI 48135

Daniel Francis O'Sullivan

Litigation, International, Antitrust, Commercial Bankruptcy

Status: In Good Standing Licensed: 31 Years

CONTACT

2575 S Haggerty Rd, Canton, MI 48188

Donovan Rashaad Johnson

Children's Rights, Bankruptcy

Status: In Good Standing

CONTACT

Romulus, MI 48174

Doreen Merita Abdullovski

Collection, Bankruptcy

Status: In Good Standing Licensed: 29 Years

CONTACT

30928 Ford Rd, Garden City, MI 48135

Elaine Temesan

Lawsuit & Dispute, Bankruptcy & Debt, Elder Law, Criminal

Status: In Good Standing Licensed: 42 Years

CONTACT

6164 Plainfield St, Dearborn Heights, MI 48127

Jennifer Lee Hensal

General Practice

Status: In Good Standing Licensed: 31 Years

CONTACT

Westland, MI 48185

800-923-0641

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LEGAL TERMS

AUTOMATIC STAY

An injunction automatically issued by the bankruptcy court when a debtor files for bankruptcy. The automatic stay prohibits most creditor collection activities,... (more...)

An injunction automatically issued by the bankruptcy court when a debtor files for bankruptcy. The automatic stay prohibits most creditor collection activities, such as filing or continuing lawsuits, making written requests for payment, or notifying credit reporting bureaus of an unpaid debt.

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.

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.

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.

COSIGNER

A person who signs his or her name to a loan agreement, lease or credit application. If the primary debtor does not pay, the cosigner is fully responsible for t... (more...)

A person who signs his or her name to a loan agreement, lease or credit application. If the primary debtor does not pay, the cosigner is fully responsible for the loan or debt. Many people use cosigners to qualify for a loan or credit card. Landlords may require a cosigner when renting to a student or someone with a poor credit history.

COLLECTION AGENCY

A company hired by a creditor to collect a debt that it is owed. Creditors typically hire a collection agency only after they have made efforts to collect the d... (more...)

A company hired by a creditor to collect a debt that it is owed. Creditors typically hire a collection agency only after they have made efforts to collect the debt themselves, typically through letters (called 'dunning' letters) and telephone calls. Collection agencies are regulated by the federal Fair Debt Collection Practices Act. Unfortunately, too many collectors ignore this law.

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.

REAFFIRMATION

An agreement that a debtor and a creditor enter into after a debtor has filed for bankruptcy, in which the debtor agrees to repay all or part of an existing deb... (more...)

An agreement that a debtor and a creditor enter into after a debtor has filed for bankruptcy, in which the debtor agrees to repay all or part of an existing debt after the bankruptcy case is over. For instance, a debtor might make a reaffirmation agreement with the holder of a car note that the debtor can keep the car and must continue to pay the debt after bankruptcy.

FAIR DEBT COLLECTIONS & PRACTICES ACT (FDCPA)

A federal law that outlaws unfair debt collection practices, including lying, harassing, misleading and otherwise abusing debtors, by debt collectors working fo... (more...)

A federal law that outlaws unfair debt collection practices, including lying, harassing, misleading and otherwise abusing debtors, by debt collectors working for collection agencies. The law does not apply to creditors collecting their own debts. This law has greatly improved conditions for debtors, although more than a few debt collectors ignore the law. If a collection agency violates the law, debtors can contact the Federal Trade Commission for help.

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Wayne Bankruptcy & Debt Lawyer, Michigan

Sponsored Law Firm

Marrs & Terry, PLLC

SPONSORED LAWYERS

Darin Kurt Weinberg

Gary L. Sackett

Amy Elisa Ruark

Christopher A. Winkler

Christopher M. Lovasz

Daniel Francis O'Sullivan

Donovan Rashaad Johnson

Doreen Merita Abdullovski

Elaine Temesan

Jennifer Lee Hensal

TIPS

LEGAL TERMS

AUTOMATIC STAY

401(K) PLAN

BULK SALES LAW

LIMITED LIABILITY

COSIGNER

COLLECTION AGENCY

FRAUDULENT TRANSFER

REAFFIRMATION

FAIR DEBT COLLECTIONS & PRACTICES ACT (FDCPA)

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