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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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Patrick A. Dougherty

Traffic, Employee Rights, Criminal, Bankruptcy & Debt

Status: In Good Standing Licensed: 37 Years

CONTACT

50 Filer St, Manistee, MI 49660

Timothy A. Bridge

Real Estate, Federal Appellate Practice, Bankruptcy & Debt

Status: In Good Standing Licensed: 46 Years

CONTACT

13813 Chicago Avenue, Wellston, MI 49689

Michael J. Dongvillo

Sales & Use Tax, Trusts, Merger & Acquisition, Reorganization

Status: In Good Standing Licensed: 39 Years

CONTACT

Ludington, MI 49431

Vilija A. Bilaisis

Child Custody, Native People, Civil & Human Rights, Bankruptcy & Debt

Status: In Good Standing

CONTACT

Ludington, MI 49431

Michael Sean Krauch

Real Estate, Estate, Business, Bankruptcy & Debt

Status: In Good Standing Licensed: 22 Years

CONTACT

701 East Melendy Street, Ludington, MI 49431

Carlos H. Alvarado-Jorquera

Other, International Other, Employee Rights, Collection

Status: In Good Standing Licensed: 20 Years

CONTACT

202 S Harrison St, Ludington, MI 49431

Carlos Sebastian Alvarado-Quisenberry

General Practice

Status: In Good Standing Licensed: 15 Years

CONTACT

202 S Harrison Street, Ludington, MI 49431

Clay F. Olmstead

Accident & Injury, Bankruptcy & Debt, Divorce & Family Law, Estate, Real Estate

Status: In Good Standing Licensed: 49 Years

CONTACT

111 S Rath Ave, Ludington, MI 49431

Cory Curtis Rickett

Commercial Real Estate, Copyright, Oil & Gas, Collection

Status: In Good Standing Licensed: 12 Years

CONTACT

216 S James St, Ludington, MI 49431

Bryan William Langepfeffer

Family Law, Contract, Credit & Debt, Personal Injury

Status: In Good Standing Licensed: 17 Years

CONTACT

6168 River Road, Benzonia, MI 49616

800-923-0641

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LEGAL TERMS

GUARANTOR

A person who makes a legally binding promise to either pay another person's debt or perform another person's duty if that person defaults or fails to perform. T... (more...)

A person who makes a legally binding promise to either pay another person's debt or perform another person's duty if that person defaults or fails to perform. The guarantor gives a 'guaranty,' which is an assurance that the debt or other obligation will be fulfilled.

COLLATERAL

Property that guarantees payment of a secured debt.

FCRA

See Fair Credit Reporting Act.

DEFINED CONTRIBUTION PLAN

A type of pension plan that does not guarantee any particular pension amount upon retirement. Instead, the employer pays into the pension fund a certain amount ... (more...)

A type of pension plan that does not guarantee any particular pension amount upon retirement. Instead, the employer pays into the pension fund a certain amount every month, or every year, for each employee. The employer usually pays a fixed percentage of an employee's wages or salary, although sometimes the amount is a fraction of the company's profits, with the size of each employee's pension share depending on the amount of wage or salary. Upon retirement, each employee's pension is determined by how much was contributed to the fund on behalf of that employee over the years, plus whatever earnings that money has accumulated as part of the investments of the entire pension fund.

PROCEEDS FOR DAMAGED EXEMPT PROPERTY

In a bankruptcy proceeding, money collected through insurance, arbitration, mediation, settlement or a lawsuit to pay for exempt property that's no longer exemp... (more...)

In a bankruptcy proceeding, money collected through insurance, arbitration, mediation, settlement or a lawsuit to pay for exempt property that's no longer exemptible because it has been damaged or destroyed.

SETOFF

A claim made by someone who allegedly owes money, that the amount should be reduced because the other person owes him money. This is often raised in a countercl... (more...)

A claim made by someone who allegedly owes money, that the amount should be reduced because the other person owes him money. This is often raised in a counterclaim filed by a defendant in a lawsuit. Banks may try to exercise a setoff by taking money out of a deposit account to satisfy past due payments on a loan or credit card bill. Such an act is illegal under most circumstances.

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.

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.'

LIABILITY

(1) The state of being liable--that is, legally responsible for an act or omission. Example:Peri hires Paul to fix a broken pipe in her bathroom, but the new pi... (more...)

(1) The state of being liable--that is, legally responsible for an act or omission. Example:Peri hires Paul to fix a broken pipe in her bathroom, but the new pipe bursts the day after Paul installs it, ruining the bathroom floor. This raises the issue of liability: Who is responsible for the damage? Peri claims that Paul is responsible, and sues him for the cost of hiring another plumber to fix the pipe and replacing the floor. Paul, in turn, claims that the pipe manufacturer is responsible, because they supplied him with faulty materials. Both Peri and Paul must prove their claims in court; if Paul and/or the manufacturer is found liable, one or both will have to pay damages to Peri. (2) Something for which a person is liable. For example, a debt is often called a liability.

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Manistee Bankruptcy & Debt Lawyer, Michigan

Sponsored Law Firm

Marrs & Terry, PLLC

SPONSORED LAWYERS

Patrick A. Dougherty

Timothy A. Bridge

Michael J. Dongvillo

Vilija A. Bilaisis

Michael Sean Krauch

Carlos H. Alvarado-Jorquera

Carlos Sebastian Alvarado-Quisenberry

Clay F. Olmstead

Cory Curtis Rickett

Bryan William Langepfeffer

TIPS

LEGAL TERMS

GUARANTOR

COLLATERAL

FCRA

DEFINED CONTRIBUTION PLAN

PROCEEDS FOR DAMAGED EXEMPT PROPERTY

SETOFF

FRAUDULENT TRANSFER

LOSS DAMAGE WAIVER (LDW)

LIABILITY

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