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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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Daniel Carmen Dicicco

Foreclosure, Bankruptcy

Status: In Good Standing

CONTACT

23400 Michigan Ave, Dearborn, MI 48124

Sheena L. Majors

Bankruptcy & Debt, Divorce & Family Law, Real Estate

Status: In Good Standing Licensed: 27 Years

CONTACT

26300 Ford Rd, Dearborn Heights, MI 48127

Kelli C.C. Meeks

Real Estate, Consumer Bankruptcy, Bankruptcy, Bankruptcy & Debt

Status: In Good Standing

CONTACT

455 E Eisenhower Pkwy, Ann Arbor, MI 48108

Richard L. Banta

Medical Products & Devices, Divorce, Discrimination, Credit & Debt

Status: In Good Standing Licensed: 38 Years

CONTACT

78 Forest St, River Rouge, MI 48218

William L. Orlewicz

Federal Appellate Practice, Criminal, Business, Collection

Status: In Good Standing Licensed: 13 Years

CONTACT

1 Parklane Blvd, Dearborn, MI 48126

Michael Ian Tinney

Criminal, Collection

Status: In Good Standing Licensed: 11 Years

CONTACT

22190 Garrison St, Dearborn, MI 48124

Zakaria M. Mahdi

Bankruptcy & Debt, Bankruptcy, Consumer Bankruptcy, Consumer Bankruptcy

Status: In Good Standing Licensed: 17 Years

CONTACT

1 Parklane Blvd, Dearborn, MI 48126

Rebekah Lee Chor

Consumer Bankruptcy, Bankruptcy, Bankruptcy & Debt

Status: In Good Standing Licensed: 13 Years

CONTACT

3319 Greenfield Rd, Dearborn, MI 48120

Jack F. Simms

Criminal, Collection

Status: In Good Standing Licensed: 46 Years

CONTACT

878 N Ann Arbor St, Saline, MI 48176

Donnelly W. Hadden

Environmental Law, Consumer Rights, Consumer Bankruptcy, Accident & Injury

Status: In Good Standing Licensed: 63 Years

CONTACT

2002 Bancroft Dr, Ann Arbor, MI 48108

800-923-0641

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LEGAL TERMS

WINDING UP

The process of paying off expenses and creditors, settling accounts, and collecting and distributing (to shareholders and owners) whatever assets then remain, a... (more...)

The process of paying off expenses and creditors, settling accounts, and collecting and distributing (to shareholders and owners) whatever assets then remain, all with the ultimate goal of liquidating or closing down a corporation or 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.

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.

CREDIT COUNSELING

Counseling that explores the possibility of repaying debts outside of bankruptcy and educates the debtor about credit, budgeting, and financial management. Unde... (more...)

Counseling that explores the possibility of repaying debts outside of bankruptcy and educates the debtor about credit, budgeting, and financial management. Under the new bankruptcy law, a debtor must undergo credit counseling with an approved provider before filing for bankruptcy.

UNSECURED DEBT

A debt that is not tied to any item of property. A creditor doesn't have the right to grab property to satisfy the debt if you default. The creditor's only reme... (more...)

A debt that is not tied to any item of property. A creditor doesn't have the right to grab property to satisfy the debt if you default. The creditor's only remedy is to sue you and get a judgment. Compare secured debt.

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.'

DEBT COLLECTOR

A person who works in the in-house collections department of an original creditor or a collection agency to track down debtors and get them to pay what they owe... (more...)

A person who works in the in-house collections department of an original creditor or a collection agency to track down debtors and get them to pay what they owe. Debt collectors can be relentless, often using scare tactics, humiliation and repeated phone calls to extract payments or promises to pay.

BULK SALES LAW

A law that regulates the transfer of business assets so that business owners cannot dispose of assets in order to avoid creditors. If a business owner wants to ... (more...)

A law that regulates the transfer of business assets so that business owners cannot dispose of assets in order to avoid creditors. If a business owner wants to conduct a bulk sale of business assets -- that is, get rid of an unusually large amount of inventory, merchandise or equipment -- the business owner must typically publish a notice of the sale and give written notice to creditors. Then, the owner must set up an account to hold the funds from the sale for a brief period of time during which creditors may make claims against the money. The prohibition against bulk sales is spelled out in the Uniform Commercial Code -- and laws modeled on the UCC have been generally adopted throughout the country.

COSIGNER

A person who signs his or her name to a loan agreement, lease or credit application. If the primary debtor does not pay, the cosigner is fully responsible for t... (more...)

A person who signs his or her name to a loan agreement, lease or credit application. If the primary debtor does not pay, the cosigner is fully responsible for the loan or debt. Many people use cosigners to qualify for a loan or credit card. Landlords may require a cosigner when renting to a student or someone with a poor credit history.

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Carleton Bankruptcy & Debt Lawyer, Michigan, page 5

Sponsored Law Firm

Marrs & Terry, PLLC

SPONSORED LAWYERS

Daniel Carmen Dicicco

Sheena L. Majors

Kelli C.C. Meeks

Richard L. Banta

William L. Orlewicz

Michael Ian Tinney

Zakaria M. Mahdi

Rebekah Lee Chor

Jack F. Simms

Donnelly W. Hadden

TIPS

LEGAL TERMS

WINDING UP

MEETING OF CREDITORS

PROCEEDS FOR DAMAGED EXEMPT PROPERTY

CREDIT COUNSELING

UNSECURED DEBT

LOSS DAMAGE WAIVER (LDW)

DEBT COLLECTOR

BULK SALES LAW

COSIGNER

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