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

Kenneth U. Lucas

Real Estate, Employment, Business, Commercial Bankruptcy, Estate Planning

Status:

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200 Woodland Pass, East Lansing, MI 48823

Brian C. Titus

Real Estate, Banking & Finance, Business, Consumer Bankruptcy

Status: Licensed: 32 Years

CONTACT

241 E Saginaw St, East Lansing, MI 48823

William L. Logan

Consumer Bankruptcy, Administrative Law, Public Finance, Public Utilities, Banking & Finance

Status: Licensed: 35 Years

CONTACT

313 Droste Circle, East Lansing, MI 48823

Kelly Michelle Fletcher

Immigration, Estate, Contract, Bankruptcy

Status: Licensed: 20 Years

CONTACT

121 Burcham Dr, East Lansing, MI 48823

Patricia Anne Johnson

Estate, Wrongful Termination, Divorce & Family Law, Bankruptcy

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2109 Hamilton Road, Okemos, MI 48864

Carrie Renee Feeheley

Litigation, Agriculture, Administrative Law, Consumer Bankruptcy

Status: Licensed: 16 Years

CONTACT

648 N Shaw Ln, East Lansing, MI 48824

Nicole Elizabeth Shannon

Family Law, Elder Law, Collection, Consumer Bankruptcy

Status: Licensed: 15 Years

CONTACT

15851 S Us 27, Lansing, MI 48906

Charlene C. Brooks

Consumer Bankruptcy

Status: Licensed: 45 Years

CONTACT

2526 Dustin Rd, Okemos, MI 48864

Kieran Patrick Marion

Electronic Commerce, Election & Political, Consumer Bankruptcy, Animal Bite

Status: Licensed: 23 Years

CONTACT

110 W Michigan Ave, Lansing, MI 48933

Dennis E. Path

Real Estate, Divorce & Family Law, Criminal, Administrative Law, Bankruptcy

Status: Licensed: 41 Years

CONTACT

4121 Okemos Rd, Okemos, MI 48864

800-814-6700

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LEGAL TERMS

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.

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.

COLLATERAL

Property that guarantees payment of a secured debt.

GENERAL PARTNER

A person who joins with at least one other to own and operate a business for profit -- and who (unlike a corporation's owners), is personally liable for all the... (more...)

A person who joins with at least one other to own and operate a business for profit -- and who (unlike a corporation's owners), is personally liable for all the business's debts and obligations. A general partner's actions can legally bind the entire business. See also partnership, limited partnership.

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.

REAFFIRMATION

An agreement that a debtor and a creditor enter into after a debtor has filed for bankruptcy, in which the debtor agrees to repay all or part of an existing deb... (more...)

An agreement that a debtor and a creditor enter into after a debtor has filed for bankruptcy, in which the debtor agrees to repay all or part of an existing debt after the bankruptcy case is over. For instance, a debtor might make a reaffirmation agreement with the holder of a car note that the debtor can keep the car and must continue to pay the debt after bankruptcy.

DEFINED CONTRIBUTION PLAN

A type of pension plan that does not guarantee any particular pension amount upon retirement. Instead, the employer pays into the pension fund a certain amount ... (more...)

A type of pension plan that does not guarantee any particular pension amount upon retirement. Instead, the employer pays into the pension fund a certain amount every month, or every year, for each employee. The employer usually pays a fixed percentage of an employee's wages or salary, although sometimes the amount is a fraction of the company's profits, with the size of each employee's pension share depending on the amount of wage or salary. Upon retirement, each employee's pension is determined by how much was contributed to the fund on behalf of that employee over the years, plus whatever earnings that money has accumulated as part of the investments of the entire pension fund.

REDEMPTION

In Chapter 7 bankruptcy, when the debtor obtains legal title to collateral for a debt by paying the creditor the replacement value of the collateral in a lump s... (more...)

In Chapter 7 bankruptcy, when the debtor obtains legal title to collateral for a debt by paying the creditor the replacement value of the collateral in a lump sum. For example, a debtor may redeem a car note by paying the lender the amount a retail vendor would charge for the car, considering its age and condition.

IRS EXPENSES

A table of national and regional expense estimates published by the IRS. Debtors whose current monthly income is more than their state's median family income mu... (more...)

A table of national and regional expense estimates published by the IRS. Debtors whose current monthly income is more than their state's median family income must use the IRS expenses to calculate their average net income in a Chapter 7 case, or their disposable income in a Chapter 13 case.

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Bath Bankruptcy Lawyer, Michigan

Sponsored Law Firm

Marrs & Terry, PLLC

SPONSORED LAWYERS

Kenneth U. Lucas

Brian C. Titus

William L. Logan

Kelly Michelle Fletcher

Patricia Anne Johnson

Carrie Renee Feeheley

Nicole Elizabeth Shannon

Charlene C. Brooks

Kieran Patrick Marion

Dennis E. Path

TIPS

LEGAL TERMS

BULK SALES LAW

TRUTH IN LENDING ACT (TILA)

COLLATERAL

GENERAL PARTNER

BANKRUPTCY

REAFFIRMATION

DEFINED CONTRIBUTION PLAN

REDEMPTION

IRS EXPENSES

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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