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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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John David Mackewich

Real Estate, Litigation, Federal Appellate Practice, Commercial Bankruptcy

Status: In Good Standing Licensed: 18 Years

CONTACT

900 Wilshire Dr, Troy, MI 48084

Donald W. Teichman

Elder Law, Contract, Collection, Defamation & Slander

Status: In Good Standing Licensed: 40 Years

CONTACT

25501 Van Dyke Ave, Center Line, MI 48015

Elizabeth Roberts

Litigation, Employee Rights, Business, Consumer Bankruptcy

Status: In Good Standing Licensed: 13 Years

CONTACT

19500 Hall Rd, Clinton Township, MI 48038

Edward S. Toth

Litigation, Electronic Commerce, Corporate, Commercial Bankruptcy

Status: In Good Standing Licensed: 39 Years

CONTACT

840 W Long Lake Rd, Troy, MI 48098

Dawn M. Walton

Other, Criminal, Credit & Debt, Accident & Injury

Status: In Good Standing Licensed: 31 Years

CONTACT

8300 Hall Rd, Utica, MI 48317

Jeffery A. Cojocar

Litigation, Family Law, Criminal, Consumer Bankruptcy

Status: In Good Standing

CONTACT

8113 Wilson St, Utica, MI 48316

Lyndsay S. Ott

Litigation, Lawsuit & Dispute, Consumer Rights, Consumer Bankruptcy

Status: In Good Standing Licensed: 15 Years

CONTACT

999 W Big Beaver Rd, Troy, MI 48084

Mark Hermiz

State Appellate Practice, Divorce, DUI-DWI, Bankruptcy

Status: In Good Standing

CONTACT

1985 W Big Beaver Rd., Troy, MI 48084

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

Karen L. Lemke

Traffic, Medical Products & Devices, Family Law, Credit & Debt

Status: In Good Standing Licensed: 41 Years

CONTACT

Fraser, MI 48026

800-923-0641

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LEGAL TERMS

CREDITOR

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

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.

NO-FAULT INSURANCE

Car insurance laws that require the insurance companies of each person in an accident to pay for medical bills and lost wages of their insured, up to a certain ... (more...)

Car insurance laws that require the insurance companies of each person in an accident to pay for medical bills and lost wages of their insured, up to a certain amount, regardless of who was at fault. The effect of no-fault insurance laws is to eliminate lawsuits in small accidents. The advantage is the prompt payment of medical bills and expenses. The downsides are that the amounts paid by no-fault policies are often not enough to fully cover a person's losses and that no-fault does not compensate for pain and suffering.

DISCHARGE (OF DEBTS)

A bankruptcy court's erasure of the debts of a person or business that has filed for bankruptcy.

NUISANCE FEES

Money charged by some credit card companies to increase their profits when you fail to use the card the way the creditor wants. Examples include late payment fe... (more...)

Money charged by some credit card companies to increase their profits when you fail to use the card the way the creditor wants. Examples include late payment fees, inactivity fees and fees for not carrying a balance from month to month. It's best to shop around and get rid of cards that have these fees attached.

CHAPTER 13 BANKRUPTCY

The reorganization bankruptcy for consumers, in which you partially or fully repay your debts. In Chapter 13 bankruptcy, you keep your property and use your inc... (more...)

The reorganization bankruptcy for consumers, in which you partially or fully repay your debts. In Chapter 13 bankruptcy, you keep your property and use your income to pay all or a portion of the debts over three to five years. The minimum amount you must pay is roughly equal to the value of your nonexempt property. In addition, you must pledge your disposable net income -- after subtracting reasonable expenses -- for the period during which you are making payments. At the end of the three-to five-year period, the balance of what you owe on most debts is erased.

FORBEARANCE

Voluntarily refraining from doing something, such as asserting a legal right. For example, a creditor may forbear on its right to collect a debt by temporarily ... (more...)

Voluntarily refraining from doing something, such as asserting a legal right. For example, a creditor may forbear on its right to collect a debt by temporarily postponing or reducing the borrower's payments.

S CORPORATION

A term that describes a profit-making corporation organized under state law whose shareholders have applied for and received subchapter S corporation status fro... (more...)

A term that describes a profit-making corporation organized under state law whose shareholders have applied for and received subchapter S corporation status from the Internal Revenue Service. Electing to do business as an S corporation lets shareholders enjoy limited liability status, as would be true of any corporation, but be taxed like a partnership or sole proprietor. That is, instead of being taxed as a separate entity (as would be the case with a regular or C corporation) an S corporation is a pass-through tax entity: income taxes are reported and paid by the shareholders, not the S corporation. To qualify as an S corporation a number of IRS rules must be met, such as a limit of 75 shareholders and citizenship requirements.

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).

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Sterling Heights Bankruptcy & Debt Lawyer, Michigan, page 5

Sponsored Law Firm

Marrs & Terry, PLLC

SPONSORED LAWYERS

John David Mackewich

Donald W. Teichman

Elizabeth Roberts

Edward S. Toth

Dawn M. Walton

Jeffery A. Cojocar

Lyndsay S. Ott

Mark Hermiz

Ralph Colasuonno

Karen L. Lemke

TIPS

LEGAL TERMS

CREDITOR

CREDIT COUNSELING

NO-FAULT INSURANCE

DISCHARGE (OF DEBTS)

NUISANCE FEES

CHAPTER 13 BANKRUPTCY

FORBEARANCE

S CORPORATION

CREDIT REPORT

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