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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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Christine Lynn Welton

Insurance, Collection, Employee Rights, Discrimination, Divorce & Family Law

Status: In Good Standing Licensed: 11 Years

CONTACT

6585 Belding Rd Ne, Rockford, MI 49341

Charles E. Holt

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

Status: In Good Standing Licensed: 24 Years

CONTACT

7595 Barn Ridge Dr Ne, Rockford, MI 49341

Harold P. Henkel

Estate Planning, Civil & Human Rights, Collection, Products Liability

Status: In Good Standing Licensed: 45 Years

CONTACT

Belmont, MI 49306

Jody E. Jernigan

Divorce & Family Law, Business, Bankruptcy & Debt, Accident & Injury

Status: In Good Standing Licensed: 25 Years

CONTACT

50 Courtland St, Rockford, MI 49341

Andrew Lawrence Kortesoja

Landlord-Tenant, International Tax, Merger & Acquisition, Collection

Status: In Good Standing Licensed: 11 Years

CONTACT

5366 Plainfield Ave Ne, Grand Rapids, MI 49525

Ryane Carol Kent

Commercial Real Estate, Family Law, Juvenile Law, Credit & Debt

Status: In Good Standing Licensed: 13 Years

CONTACT

445 Headwaters Dr Ne, Lowell, MI 49331

Brian L. Donovan

Bankruptcy, Estate, Real Estate, Collection

Status: In Good Standing Licensed: 45 Years

CONTACT

5181 Plainfield Ave Ne, Grand Rapids, MI 49525

Patricia L. Linscott

Native People, Administrative Law, Business, Consumer Bankruptcy

Status: In Good Standing Licensed: 32 Years

CONTACT

1819 Grand River Dr Ne, Ada, MI 49301

Matthew P. Smith

Divorce, Criminal, Bankruptcy

Status: In Good Standing Licensed: 39 Years

CONTACT

Ada, MI 49301

Bonnie S. Lent-Davis

Workers' Compensation, Labor Law, Contract, Bankruptcy

Status: In Good Standing Licensed: 27 Years

CONTACT

Ada, MI 49331

800-923-0641

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LEGAL TERMS

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.

SECURED DEBT

A debt on which a creditor has a lien. The creditor can institute a foreclosure or repossession to take the property identified by the lien, called the collater... (more...)

A debt on which a creditor has a lien. The creditor can institute a foreclosure or repossession to take the property identified by the lien, called the collateral, to satisfy the debt if you default. Compare unsecured debt.

FAIR LABOR STANDARDS ACT (FLSA)

A federal law that guarantees a worker's right to be paid fairly. The FLSA defines the 40-hour workweek, sets out the federal minimum wage, states requirements ... (more...)

A federal law that guarantees a worker's right to be paid fairly. The FLSA defines the 40-hour workweek, sets out the federal minimum wage, states requirements for overtime and places restrictions on child labor.

IRS EXPENSES

A table of national and regional expense estimates published by the IRS. Debtors whose current monthly income is more than their state's median family income mu... (more...)

A table of national and regional expense estimates published by the IRS. Debtors whose current monthly income is more than their state's median family income must use the IRS expenses to calculate their average net income in a Chapter 7 case, or their disposable income in a Chapter 13 case.

GRACE PERIOD

A period of time during which you are not required to make payments on a debt. For example, most credit cards give you a grace period of 20-30 days before you h... (more...)

A period of time during which you are not required to make payments on a debt. For example, most credit cards give you a grace period of 20-30 days before you have to pay interest on the amount of your purchases. Cash advances, however, usually have no grace period; interest begins to accumulate from the date of the withdrawal, even if you pay your bills on time. Also, some student loans give you a grace period after graduating or dropping out of school. During this time, you are not required to make payments on your loan.

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.

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.

CREDITOR

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

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.

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Cannonsburg Bankruptcy & Debt Lawyer, Michigan

Sponsored Law Firm

Marrs & Terry, PLLC

SPONSORED LAWYERS

Christine Lynn Welton

Charles E. Holt

Harold P. Henkel

Jody E. Jernigan

Andrew Lawrence Kortesoja

Ryane Carol Kent

Brian L. Donovan

Patricia L. Linscott

Matthew P. Smith

Bonnie S. Lent-Davis

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LEGAL TERMS

FAIR CREDIT REPORTING ACT (FCRA)

SECURED DEBT

FAIR LABOR STANDARDS ACT (FLSA)

IRS EXPENSES

GRACE PERIOD

FRAUDULENT TRANSFER

C CORPORATION

CREDITOR

REDEMPTION

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