Bessemer Bankruptcy & Debt Lawyer, Michigan

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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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James M. Bucknell

Government

Status: In Good Standing Licensed: 44 Years

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Bessemer, MI 49911

Matthew J. Tingstad

General Practice

Status: In Good Standing Licensed: 20 Years

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Bessemer, MI 49911

Roy D. Gotham

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Status: In Good Standing Licensed: 51 Years

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Joel L. Massie

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Status: In Good Standing Licensed: 45 Years

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Gerald Lee Anderson

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Status: Inactive Licensed: 47 Years

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801 E Gold St, Bessemer, MI 49911

Susan H. Anderson

General Practice

Status: Inactive Licensed: 42 Years

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801 E. Gold Street, Bessemer, MI 49911

Anders B. Tingstad

General Practice

Status: In Good Standing Licensed: 55 Years

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709 N Cedar Ave, Bessemer, MI 49911

Nicholas Arthur Tselepis

Accident & Injury, Insurance, Criminal, Car Accident

Status: In Good Standing Licensed: 8 Years

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108 S Moore St, Bessemer, MI 49911

Naomi J. Kauppi

Real Estate, Family Law, Divorce & Family Law, DUI-DWI

Status: In Good Standing Licensed: 27 Years

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215 S Sophie St, Bessemer, MI 49911

Michael W. Korpela

Real Estate, Employee Rights, Divorce & Family Law, Criminal

Status: In Good Standing Licensed: 42 Years

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215 S Sophie, Bessemer, MI 49911

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LEGAL TERMS

GENERAL PARTNER

A person who joins with at least one other to own and operate a business for profit -- and who (unlike a corporation's owners), is personally liable for all the... (more...)

A person who joins with at least one other to own and operate a business for profit -- and who (unlike a corporation's owners), is personally liable for all the business's debts and obligations. A general partner's actions can legally bind the entire business. See also partnership, limited partnership.

MEETING OF CREDITORS

A meeting held with the bankruptcy trustee about a month after you file for bankruptcy. You must attend. The trustee reviews your bankruptcy papers and asks a f... (more...)

A meeting held with the bankruptcy trustee about a month after you file for bankruptcy. You must attend. The trustee reviews your bankruptcy papers and asks a few questions. In a Chapter 7, the meeting of creditors lasts a few minutes and rarely do any creditors show up. In a Chapter 13 bankruptcy, one or two creditors may attend, especially if they disagree with some provision of your repayment plan.

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.

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.

CREDITOR

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

COLLATERAL

Property that guarantees payment of a secured debt.

FCRA

See Fair Credit Reporting Act.

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.'

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Bessemer Bankruptcy & Debt Lawyer, Michigan

Sponsored Law Firm

Marrs & Terry, PLLC

SPONSORED LAWYERS

James M. Bucknell

Matthew J. Tingstad

Roy D. Gotham

Joel L. Massie

Gerald Lee Anderson

Susan H. Anderson

Anders B. Tingstad

Nicholas Arthur Tselepis

Naomi J. Kauppi

Michael W. Korpela

TIPS

LEGAL TERMS

GENERAL PARTNER

MEETING OF CREDITORS

FAIR CREDIT REPORTING ACT (FCRA)

REDEMPTION

INTEREST

CREDITOR

COLLATERAL

FCRA

LOSS DAMAGE WAIVER (LDW)

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