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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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Jeremy Michael Chisholm

General Practice

Status: In Good Standing Licensed: 14 Years

CONTACT

Byron Center, MI 49315

Thomas G. King

Foreclosure, International Tax, Banking & Finance, Collection

Status: In Good Standing Licensed: 43 Years

CONTACT

One Moorsbridge, Kalamazoo, MI 49003

Thomas George King

Foreclosure, International Tax, Banking & Finance, Collection

Status: In Good Standing Licensed: 43 Years

CONTACT

One Moorsbridge, Kalamazoo, MI 49003

Justin R. Workman

Administrative Law, Collection, Animal Bite, Labor Law

Status: In Good Standing Licensed: 9 Years

CONTACT

425 S Westnedge Ave, Kalamazoo, MI 49007

Donald L. R. Roberts

Lawsuit & Dispute, Gift Taxation, Elder Law, Consumer Bankruptcy

Status: In Good Standing Licensed: 39 Years

CONTACT

201 W Kalamazoo Ave, Kalamazoo, MI 49007

John D. Bradshaw

Election & Political, Business, Collection, Consumer Bankruptcy

Status: In Good Standing Licensed: 39 Years

CONTACT

107 W Michigan Ave, Kalamazoo, MI 49005

Rachel Renee Suhrbier

Family Law, Divorce & Family Law, Consumer Rights, Consumer Bankruptcy

Status: In Good Standing Licensed: 11 Years

CONTACT

151 S Rose St, Kalamazoo, MI 49007

Andrew J. Vorbrich

Sales & Use Tax, Estate Planning, Contract, Collection

Status: In Good Standing

CONTACT

151 S Rose St, Kalamazoo, MI 49007

Allison Greenlee Korr

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

Status: In Good Standing Licensed: 15 Years

CONTACT

902 S Westnedge Ave, Kalamazoo, MI 49008

Tyrone G. Fleeman

Landlord-Tenant, Consumer Rights, Collection, Consumer Bankruptcy

Status: In Good Standing Licensed: 30 Years

CONTACT

107 W Michigan Ave, Kalamazoo, MI 49007

800-923-0641

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LEGAL TERMS

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.

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.

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).

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.

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.

TRUTH IN LENDING ACT (TILA)

A federal law that requires credit and charge card companies to disclose interest rates and other information about an account. It also requires lenders to disc... (more...)

A federal law that requires credit and charge card companies to disclose interest rates and other information about an account. It also requires lenders to disclose the terms of a loan, including the total amount of the loan, the annual interest rate and the number, amount and due dates of all payments necessary to repay the loan. The TILA requires additional disclosures and places many restrictions on mortgages.

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.

CREDIT INSURANCE

Insurance a lender requires a borrower to purchase to cover the loan. If the borrower dies or becomes disabled before paying off the loan, the policy will pay o... (more...)

Insurance a lender requires a borrower to purchase to cover the loan. If the borrower dies or becomes disabled before paying off the loan, the policy will pay off the remaining balance. Federal and state consumer protection laws require the lender to disclose to existing and potential borrowers the terms and costs of obtaining credit insurance because it can affect the terms of the 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.

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Pullman Bankruptcy & Debt Lawyer, Michigan, page 4

Sponsored Law Firm

Marrs & Terry, PLLC

SPONSORED LAWYERS

Jeremy Michael Chisholm

Thomas G. King

Thomas George King

Justin R. Workman

Donald L. R. Roberts

John D. Bradshaw

Rachel Renee Suhrbier

Andrew J. Vorbrich

Allison Greenlee Korr

Tyrone G. Fleeman

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LEGAL TERMS

C CORPORATION

LIMITED LIABILITY

CREDIT REPORT

CHAPTER 7 BANKRUPTCY

FAIR CREDIT REPORTING ACT (FCRA)

TRUTH IN LENDING ACT (TILA)

ADMINISTRATIVE EXPENSES

CREDIT INSURANCE

FRAUDULENT TRANSFER

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