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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.
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Includes: Bankruptcy Litigation, Commercial Bankruptcy, Consumer Bankruptcy, Dissolution

Shawn J. Coppins

✓ VERIFIED

Divorce & Family Law, Criminal, Accident & Injury, Bankruptcy, Traffic

Mr. Coppins was born and raised in the Metro-Detroit area and is a Litigation Specialist

Shawn Coppins is an aggressive plaintiff's attorney and is one of the firm's founding partners.Mr. Coppins was born and raised in the Metro-Detroit ar... (more)

FREE CONSULTATION

CONTACT

800-928-4120

44 First Street, Mount Clemens, MI 48043

Stacey L. Sanford

Commercial Real Estate, Estate Planning, Employment, Bankruptcy

Status: In Good Standing

CONTACT

Venture Plaza, 3150 Livernois Road, Troy, MI 48083

Timothy J. Miller

Lawsuit & Dispute, Employment, Bankruptcy

Status: In Good Standing Licensed: 40 Years

CONTACT

64541 Van Dyke Rd, Washington, MI 48095

Andrea M. Isrow

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

Status: In Good Standing Licensed: 20 Years

CONTACT

47607 Brennan Dr, Macomb, MI 48044

Elizabeth Roberts

Litigation, Employee Rights, Business, Consumer Bankruptcy

Status: In Good Standing Licensed: 13 Years

CONTACT

19500 Hall Rd, Clinton Township, MI 48038

Jeffery A. Cojocar

Litigation, Family Law, Criminal, Consumer Bankruptcy

Status: In Good Standing

CONTACT

8113 Wilson St, Utica, MI 48316

James Bowser

Social Security -- Disability, Wills & Probate, Elder Law, Bankruptcy

Status: In Good Standing

CONTACT

110 S. Third St., Saint Clair, MI 48079

Ralph Colasuonno

Litigation, State and Local, Banking & Finance, Bankruptcy

Status: In Good Standing Licensed: 27 Years

CONTACT

48 S Main St, Mount Clemens, MI 48043

Michael J. Smith

Litigation, Lawsuit & Dispute, Criminal, Bankruptcy

Status: In Good Standing Licensed: 40 Years

CONTACT

70 Macomb Pl, Mount Clemens, MI 48043

Richard G. Roosen

Consumer Rights, Consumer Bankruptcy

Status: In Good Standing Licensed: 42 Years

CONTACT

Mount Clemens, MI 48046

800-923-0641

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LEGAL TERMS

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.

CREDIT FILE

See credit report.

PREFERENCE

A payment made by a debtor to a creditor within a defined period prior to filing for bankruptcy -- within three months for arms-length creditors (regular commer... (more...)

A payment made by a debtor to a creditor within a defined period prior to filing for bankruptcy -- within three months for arms-length creditors (regular commercial creditors) and within one year for insider creditors (friends, family members, and business associates). Because a preference gives the creditor who received the payment an edge over other creditors in the bankruptcy case, the trustee can recover the preference (the amount of the payment) and distribute it among all of the creditors.

BANKRUPTCY

A legal proceeding that relieves you of the responsibility of paying your debts or provides you with protection while attempting to repay your debts. There are ... (more...)

A legal proceeding that relieves you of the responsibility of paying your debts or provides you with protection while attempting to repay your debts. There are two types of bankruptcies -- liquidation, in which your debts are wiped out (discharged) and reorganization, in which you provide the court with a plan for how you intend to repay your debts. For both consumers and business, liquidation bankruptcy is called Chapter 7. For consumers, reorganization bankruptcy is called Chapter 13. Reorganization bankruptcy for consumers with an extraordinary amount of debt and for businesses is called Chapter 11. Reorganization bankruptcy for family farmers is called Chapter 12.

NONDISCHARGEABLE DEBTS

Debts that cannot be erased by filing for bankruptcy. If you file for Chapter 7 bankruptcy, these debts will remain when your case is over. If you file for Chap... (more...)

Debts that cannot be erased by filing for bankruptcy. If you file for Chapter 7 bankruptcy, these debts will remain when your case is over. If you file for Chapter 13 bankruptcy, the nondischargeable debts will have to be paid in full during your plan or you will have a balance at the end of your case. Examples of nondischargeable debts include alimony and child support, most income tax debts, many student loans and debts for personal injury or death caused by drunk driving. Compare dischargeable debts.

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.

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.

TRADE DRESS

The distinctive packaging or design of a product that promotes the product and distinguishes it from other products in the marketplace -- for example, the shape... (more...)

The distinctive packaging or design of a product that promotes the product and distinguishes it from other products in the marketplace -- for example, the shape of Frangelico liqueur bottles. Trade dress can be protected under trademark law if a showing can be made that the average consumer would likely be confused as to product origin if another product were allowed to appear in similar dress.

Richmond Bankruptcy Lawyer, Michigan

Sponsored Law Firm

Marrs & Terry, PLLC

SPONSORED LAWYERS

Shawn J. Coppins

Stacey L. Sanford

Timothy J. Miller

Andrea M. Isrow

Elizabeth Roberts

Jeffery A. Cojocar

James Bowser

Ralph Colasuonno

Michael J. Smith

Richard G. Roosen

TIPS

LEGAL TERMS

CHAPTER 7 BANKRUPTCY

CREDIT FILE

PREFERENCE

BANKRUPTCY

NONDISCHARGEABLE DEBTS

FAIR CREDIT REPORTING ACT (FCRA)

LIMITED LIABILITY

TRADE DRESS

COLLATERAL

SAMPLE LEGAL CASES

RDM Holdings, Ltd. v. Continental Plastics Co.

Gulf Underwriters Ins. Co. v. McCLAIN INDUSTRIES, INC.

MICHIGAN COMMERCE BANK v. PALMS INVESTMENTS, LLC

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