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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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Includes: Bankruptcy Litigation, Commercial Bankruptcy, Consumer Bankruptcy, Dissolution

Rodd B. Lape

Tax, Securities, Banking & Finance, Commercial Bankruptcy

Status: In Good Standing Licensed: 28 Years

CONTACT

467 Eureka Rd, Wyandotte, MI 48192

Mark E Stern

Social Security, Government, Consumer Rights, Bankruptcy

Status: In Good Standing Licensed: 49 Years

CONTACT

1815 Ford Ave, Wyandotte, MI 48192

Jennifer Brooke Madine

Real Estate, International Other, Banking & Finance, Commercial Bankruptcy

Status: In Good Standing Licensed: 18 Years

CONTACT

2241 Oak St, Wyandotte, MI 48192

Derek Jacques

Family Law, Divorce, Bankruptcy

Status: In Good Standing Licensed: 7 Years

CONTACT

13615 Northline Rd, Southgate, MI 48195

Arthur S. Brand

Family Law, Divorce & Family Law, Criminal, Consumer Bankruptcy

Status: In Good Standing

CONTACT

3856 Fort St, Lincoln Park, MI 48146

Daniel Fredric Lindner

Civil Rights, Insurance, Bankruptcy, Medical Malpractice, Estate

Status: In Good Standing Licensed: 30 Years

CONTACT

Southgate, MI 48195

Zachary Arthur Rowley

Real Estate, International, Antitrust, Consumer Bankruptcy

Status: In Good Standing Licensed: 9 Years

CONTACT

15555 Noecker Way, Southgate, MI 48195

Brittany Carmela Byrnes

Bankruptcy, International Tax, Litigation, Business

Status: In Good Standing

CONTACT

20300 Superior Rd, Taylor, MI 48180

John J. Danielski

Workers' Compensation, Insurance, Bankruptcy, Medical Malpractice

Status: In Good Standing Licensed: 24 Years

CONTACT

20600 Eureka Rd, Taylor, MI 48180

Robert P. Coutts

Family Law, Criminal, Credit & Debt, Bankruptcy

Status: In Good Standing Licensed: 35 Years

CONTACT

7445 Allen Rd, Allen Park, MI 48101

800-923-0641

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LEGAL TERMS

SOLE PROPRIETORSHIP

A business owned and managed by one person (or for tax purposes, a husband and wife). For IRS purposes, a sole proprietor and her business are one tax entity, m... (more...)

A business owned and managed by one person (or for tax purposes, a husband and wife). For IRS purposes, a sole proprietor and her business are one tax entity, meaning that business profits are reported and taxed on the owner's personal tax return. Setting up a sole proprietorship is cheap and easy since no legal formation documents need be filed with any governmental agency (although tax registration and other permit and license requirements may still apply). Once you file a fictitious name statement (assuming you don't use your own name) and obtain any required basic tax permits and business licenses, you'll be in business. The main downside of a sole proprietorship is that its owner is personally liable for all business debts.

CHAPTER 13 PLAN

A document filed in a Chapter 13 bankruptcy in which the debtor shows how all of his or her disposable income will be used over a three- to five-year period to ... (more...)

A document filed in a Chapter 13 bankruptcy in which the debtor shows how all of his or her disposable income will be used over a three- to five-year period to pay all mandatory debts -- for example, back child support, taxes, and mortgage arrearages -- as well as some or all unsecured, nonpriority debts, such as medical and credit card bills.

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.

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.

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.

CREDIT BUREAU

A private, profit-making company that collects and sells information about a person's credit history. Typical clients include banks, mortgage lenders and credit... (more...)

A private, profit-making company that collects and sells information about a person's credit history. Typical clients include banks, mortgage lenders and credit card companies that use the information to screen applicants for loans and credit cards. There are three major credit bureaus, Equifax, Experian and Trans Union, and they are regulated by the federal Fair Credit Reporting Act.

WINDING UP

The process of paying off expenses and creditors, settling accounts, and collecting and distributing (to shareholders and owners) whatever assets then remain, a... (more...)

The process of paying off expenses and creditors, settling accounts, and collecting and distributing (to shareholders and owners) whatever assets then remain, all with the ultimate goal of liquidating or closing down a corporation or partnership.

FAIR CREDIT REPORTING ACT (FCRA)

A federal law that is designed to prevent inaccurate or obsolete information from entering or remaining in a credit report. The law requires credit bureaus to a... (more...)

A federal law that is designed to prevent inaccurate or obsolete information from entering or remaining in a credit report. The law requires credit bureaus to adopt reasonable procedures for gathering, maintaining and disseminating information and bars credit bureaus from reporting negative information that is older than seven years, except a bankruptcy, which may be reported for ten. If you notify a credit bureau of an error in your credit report, the FCRA requires the bureau to investigate your allegations within 30 days, review all information you provide, remove inaccurate and unverified information and adopt procedures to keep the information from reappearing. In addition, the law requires that creditors refrain from reporting incorrect information to credit bureaus.

LIEN

The right of a secured creditor to grab a specific item of property if you don't pay a debt. Liens you agree to are called security interests, and include mortg... (more...)

The right of a secured creditor to grab a specific item of property if you don't pay a debt. Liens you agree to are called security interests, and include mortgages, home equity loans, car loans and personal loans for which you pledge property to guarantee repayment. Liens created without your consent are called nonconsensual liens, and include judgment liens (liens filed by a creditor who has sued you and obtained a judgment), tax liens and mechanics liens (liens filed by a contractor who worked on your house but wasn't paid).

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Wyandotte Bankruptcy Lawyer, Michigan

Sponsored Law Firm

Marrs & Terry, PLLC

SPONSORED LAWYERS

Rodd B. Lape

Mark E Stern

Jennifer Brooke Madine

Derek Jacques

Arthur S. Brand

Daniel Fredric Lindner

Zachary Arthur Rowley

Brittany Carmela Byrnes

John J. Danielski

Robert P. Coutts

TIPS

LEGAL TERMS

SOLE PROPRIETORSHIP

CHAPTER 13 PLAN

DISCHARGEABLE DEBTS

NUISANCE FEES

WORKOUT

CREDIT BUREAU

WINDING UP

FAIR CREDIT REPORTING ACT (FCRA)

LIEN

SAMPLE LEGAL CASES

RDM Holdings, Ltd. v. Continental Plastics Co.

Gulf Underwriters Ins. Co. v. McCLAIN INDUSTRIES, INC.

MICHIGAN COMMERCE BANK v. PALMS INVESTMENTS, LLC

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