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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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Raymond J. Sterling

Class Action, Whistleblower, Civil Rights, Collection

Status: In Good Standing

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33 Bloomfield Hills Parkway, Bloomfield Hills, MI 48304

Barbara K. Tronstein

Consumer Rights, Consumer Bankruptcy, Labor Law, Real Estate

Status: In Good Standing Licensed: 45 Years

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4445 N Atlantic Blvd, Auburn Hills, MI 48326

Kenneth A. Vannorwick

Landlord-Tenant, Estate Planning, Business, Credit & Debt

Status: In Good Standing Licensed: 24 Years

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2787 Rambling Way, Bloomfield Hills, MI 48302

Jeffery Jon Sattler

Litigation, Corporate, Business, Credit & Debt

Status: In Good Standing Licensed: 17 Years

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40950 Woodward Ave, Bloomfield Hills, MI 48304

John Joseph Stockdale

Banking & Finance, Business, Credit & Debt, Bankruptcy

Status: In Good Standing

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40950 Woodward Ave, Bloomfield Hills, MI 48304

Kim K. Hillary

Consumer Rights, Consumer Bankruptcy

Status: In Good Standing

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40950 Woodward Ave, Bloomfield Hills, MI 48304

Kellie M. Blair

Construction, Federal Appellate Practice, Contract, Credit & Debt

Status: In Good Standing

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39572 Woodward Ave, Bloomfield Hills, MI 48304

Nathan Resnick

Municipal, Wills & Probate, Business, Bankruptcy

Status: In Good Standing

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40900 Woodward Ave, Bloomfield Hills, MI 48304

Eric Richard Bowden

Labor Law, Consumer Rights, Consumer Bankruptcy, Business

Status: In Good Standing

CONTACT

40701 Woodward Ave, Bloomfield Hills, MI 48304

H. Nathan Resnick

Construction, Litigation, Corporate, Bankruptcy

Status: In Good Standing

CONTACT

40900 Woodward Ave, Bloomfield Hills, MI 48304

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LEGAL TERMS

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.

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.

ABUSE

Misuse of the Chapter 7 bankruptcy remedy. This term is typically applied to Chapter 7 bankruptcy filings that should have been filed under Chapter 13, because ... (more...)

Misuse of the Chapter 7 bankruptcy remedy. This term is typically applied to Chapter 7 bankruptcy filings that should have been filed under Chapter 13, because the debtor appears to have enough disposable income to fund a Chapter 13 repayment plan.

C CORPORATION

Common business slang to distinguish a corporation whose profits are taxed separate from its owners under subchapter C of the Internal Revenue Code, from an S c... (more...)

Common business slang to distinguish a corporation whose profits are taxed separate from its owners under subchapter C of the Internal Revenue Code, from an S corporation, whose profits are passed through to shareholders and taxed on their personal returns under subchapter S of the Internal Revenue Code.

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.

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.

TOXIC TORT

A personal injury caused by exposure to a toxic substance, such as asbestos or hazardous waste. Victims can sue for medical expenses, lost wages and pain and su... (more...)

A personal injury caused by exposure to a toxic substance, such as asbestos or hazardous waste. Victims can sue for medical expenses, lost wages and pain and suffering.

DISPOSABLE INCOME

The difference between a debtor's current monthly income and allowable expenses. This is the amount that the new bankruptcy law deems available to pay into a Ch... (more...)

The difference between a debtor's current monthly income and allowable expenses. This is the amount that the new bankruptcy law deems available to pay into a Chapter 13 plan.

CHAPTER 7 BANKRUPTCY

The most familiar type of bankruptcy, in which many or all of your debts are wiped out completely in exchange for giving up your nonexempt property. Chapter 7 b... (more...)

The most familiar type of bankruptcy, in which many or all of your debts are wiped out completely in exchange for giving up your nonexempt property. Chapter 7 bankruptcy takes from three to six months, costs about $200, and commonly requires only one trip to the courthouse.

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Auburn Hills Bankruptcy & Debt Lawyer, Michigan

Sponsored Law Firm

Marrs & Terry, PLLC

SPONSORED LAWYERS

Raymond J. Sterling

Barbara K. Tronstein

Kenneth A. Vannorwick

Jeffery Jon Sattler

John Joseph Stockdale

Kim K. Hillary

Kellie M. Blair

Nathan Resnick

Eric Richard Bowden

H. Nathan Resnick

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LEGAL TERMS

WORKOUT

LIMITED LIABILITY

ABUSE

C CORPORATION

FAIR CREDIT REPORTING ACT (FCRA)

REDEMPTION

TOXIC TORT

DISPOSABLE INCOME

CHAPTER 7 BANKRUPTCY

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