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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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Kenneth W. Beall

Tax, Real Estate, Litigation, Business, Bankruptcy

Status: In Good Standing

CONTACT

124 W Allegan St, Lansing, MI 48933

Jennifer Michelle Pierce

Family Law, Guardianships & Conservatorships, Elder Law, Bankruptcy

Status: In Good Standing Licensed: 11 Years

CONTACT

2112 University Park Dr, Okemos, MI 48864

Bruce A. Timmons

Family Law, Elder Law, Administrative Law, Collection

Status: In Good Standing

CONTACT

2147 Tamarack Dr, Okemos, MI 48864

Jerome L. Reide

Civil Rights, Car Accident, Race Discrimination, Reorganization

Status: In Good Standing Licensed: 28 Years

CONTACT

115 W Allegan St, Lansing, MI 48933

Jennifer D. Martin

Divorce, Elder Law, Insurance, Collection

Status: In Good Standing Licensed: 26 Years

CONTACT

Lansing, MI 48909

Alan L. Canady

Election & Political, Government, Religious Discrimination, Reorganization

Status: In Good Standing Licensed: 42 Years

CONTACT

East Lansing, MI 48826

Jessica L. Zimbelman

Federal Appellate Practice, Criminal, Collection

Status: In Good Standing Licensed: 16 Years

CONTACT

200 N Washington Square, Lansing, MI 48933

Mable Martin-Scott

Employee Rights, Contract, Business, Consumer Bankruptcy

Status: In Good Standing Licensed: 26 Years

CONTACT

300 S Capitol Ave, Lansing, MI 48933

Michael R. Bell

Tax, Federal Appellate Practice, Administrative Law, Credit & Debt

Status: In Good Standing Licensed: 32 Years

CONTACT

Lansing, MI 48909

Michael R Bell

Tax, Federal Appellate Practice, Administrative Law, Credit & Debt

Status: In Good Standing Licensed: 32 Years

CONTACT

Lansing, MI 48909

800-923-0641

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LEGAL TERMS

CURRENT MONTHLY INCOME

As defined by the new bankruptcy law, a bankruptcy filer's total gross income (whether taxable or not), averaged over the six-month period immediately preceding... (more...)

As defined by the new bankruptcy law, a bankruptcy filer's total gross income (whether taxable or not), averaged over the six-month period immediately preceding the bankruptcy filing. The debtor's current monthly income is used to determine whether the debtor can file for Chapter 7 bankruptcy, among other things.

DOING BUSINESS AS (DBA)

A situation in which a business owner operates a company under a name different from his or her real name. The owner must file a 'fictitious name statement' or ... (more...)

A situation in which a business owner operates a company under a name different from his or her real name. The owner must file a 'fictitious name statement' or similar document with the appropriate agency -- for example, the county clerk. This enables consumers to discover the names of the business owners, which is important if a consumer needs to sue the business.

COLLATERAL

Property that guarantees payment of a secured debt.

CREDIT REPORT

An account of your credit history, prepared by a credit bureau. A credit report will contain both credit history, such as what you owe to whom and whether you m... (more...)

An account of your credit history, prepared by a credit bureau. A credit report will contain both credit history, such as what you owe to whom and whether you make the payments on time, as well as personal history, such as your former addresses, employment record and lawsuits in which you have been involved. An estimated 50% of all credit reports contain errors, such as accounts that don't belong to you, an incorrect account status or information reported that is older than seven years (ten years in the case of a bankruptcy).

401(K) PLAN

A deferred compensation savings program in which employees invest part of their wages, sometimes along with employer contributions, to save on taxes. No income ... (more...)

A deferred compensation savings program in which employees invest part of their wages, sometimes along with employer contributions, to save on taxes. No income taxes on the amount invested and any earnings are due until the employee withdraws money from the fund.

REPOSSESSION

A creditor's taking property that has been pledged as collateral for a loan. Lenders will most often repossess cars when the owner has missed loan payments and ... (more...)

A creditor's taking property that has been pledged as collateral for a loan. Lenders will most often repossess cars when the owner has missed loan payments and has not attempted to work with the lender to resolve the problem. A repossessor can't use force to get at your car, but he can legally hot-wire it and even drive it out of your unlocked garage.

LIQUIDATING PARTNER

The member of an insolvent or dissolving partnership responsible for paying the debts and settling the accounts of the partnership.

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.

ADMINISTRATIVE EXPENSES

The trustee's fee, the debtor's attorney fees, and other costs of bringing a bankruptcy case that a debtor must pay in full in a Chapter 13 repayment plan. Admi... (more...)

The trustee's fee, the debtor's attorney fees, and other costs of bringing a bankruptcy case that a debtor must pay in full in a Chapter 13 repayment plan. Administrative costs are typically 10% of the debtor's total payments under the plan.

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East Lansing Bankruptcy & Debt Lawyer, Michigan, page 5

Sponsored Law Firm

Marrs & Terry, PLLC

SPONSORED LAWYERS

Kenneth W. Beall

Jennifer Michelle Pierce

Bruce A. Timmons

Jerome L. Reide

Jennifer D. Martin

Alan L. Canady

Jessica L. Zimbelman

Mable Martin-Scott

Michael R. Bell

Michael R Bell

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LEGAL TERMS

CURRENT MONTHLY INCOME

DOING BUSINESS AS (DBA)

COLLATERAL

CREDIT REPORT

401(K) PLAN

REPOSSESSION

LIQUIDATING PARTNER

BULK SALES LAW

ADMINISTRATIVE EXPENSES

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