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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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Nick Balberman

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

CONTACT

248-224-6696

29800 Middlebelt Rd, Farmington, MI 48334

David Eric Karson

✓ VERIFIED

Divorce, Custody & Visitation, Civil Rights, Bankruptcy & Debt, DUI-DWI

David Karson is a practicing lawyer in the state of Michigan handling a variety of legal matters.

CONTACT

734-744-5226

10988 Middlebelt Rd, Livonia, MI 48150

Sandra K. Alexander

Real Estate, Estate Planning, Business, Credit & Debt

Status: In Good Standing

CONTACT

7125 Orchard Lake Road, West Bloomfield, MI 48322

Marc D. Melamed

Business Organization, Dissolution, Estate Administration, Joint Ventures

Status: In Good Standing

CONTACT

30833 Northwestern Hwy, Farmington, MI 48334

Charles J. Schneider

Bankruptcy, Bankruptcy & Debt, Credit & Debt

Status: In Good Standing

CONTACT

39319 Plymouth Rd, Livonia, MI 48150

Ryan Edward Ladley

Consumer Bankruptcy, Bankruptcy

Status: In Good Standing

CONTACT

39319 Plymouth Rd, Livonia, MI 48150

Lisa M. Manoogian

Consumer Bankruptcy, Bankruptcy

Status: In Good Standing

CONTACT

39319 Plymouth Rd, Livonia, MI 48150

Edward Shaw

Child Support, Consumer Protection, Collection, Bankruptcy

Status: In Good Standing Licensed: 35 Years

CONTACT

42705 Grand River Ave, Novi, MI 48375

Timothy J. Klisz

Accident & Injury, Criminal, Real Estate, Estate, Collection

Status: In Good Standing Licensed: 28 Years

FREE CONSULTATION

CONTACT

39111 West Six Mile Rd, Livonia, MI 48152

Rod Johnson

Divorce & Family Law, Consumer Rights, Business, Bankruptcy & Debt

Status: In Good Standing Licensed: 17 Years

FREE CONSULTATION

CONTACT

39111 Six Mile Road, Livonia, MI 48152

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.

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.

CCCS

See Consumer Credit Counseling Service.

CREDITOR

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

CONSUMER CREDIT COUNSELING SERVICE (CCCS)

A national non-profit agency that, at no cost, helps debtors plan budgets and repay their debts. One major criticism of CCCS is that each office is primarily fu... (more...)

A national non-profit agency that, at no cost, helps debtors plan budgets and repay their debts. One major criticism of CCCS is that each office is primarily funded by voluntary donations from the creditors that receive payments from debtors repaying their debts through that office. Despite this criticism, most CCCS counselors provide clients with thorough and neutral advice.

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.

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.

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.

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Novi Bankruptcy & Debt Lawyer, Michigan

Sponsored Law Firm

Marrs & Terry, PLLC

SPONSORED LAWYERS

Nick Balberman

David Eric Karson

Sandra K. Alexander

Marc D. Melamed

Charles J. Schneider

Ryan Edward Ladley

Lisa M. Manoogian

Edward Shaw

Timothy J. Klisz

Rod Johnson

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LEGAL TERMS

GUARANTOR

SOLE PROPRIETORSHIP

CCCS

CREDITOR

CONSUMER CREDIT COUNSELING SERVICE (CCCS)

INTEREST

NUISANCE FEES

WORKOUT

AUTOMATIC STAY

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