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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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Ronald A. Schuknecht

Motor Vehicle, Dispute Resolution, Criminal, Consumer Bankruptcy

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10799 Sweet Lilac Ln, Interlochen, MI 49643

Lee Eric Ranieri

Health Care Other, Employee Rights, Contract, Credit & Debt, Landlord-Tenant

Status: Licensed: 19 Years

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4020 Copper Vw, Traverse City, MI 49684

Brace Edward Kern

Elder Law, Contract, Collection, Defamation & Slander

Status: Licensed: 20 Years

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3434 Veterans Dr, Traverse City, MI 49684

Michael Patrick Corcoran

Bankruptcy, Consumer Bankruptcy, Commercial Bankruptcy

Status: Licensed: 40 Years

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617 W Front St, Traverse City, MI 49684

Frederick R. Bimber

Landlord-Tenant, Trusts, Employee Rights, Credit & Debt

Status: Licensed: 46 Years

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1223 Randolph St, Traverse City, MI 49684

Grant W Parsons

Traffic, Transportation & Shipping, Civil Rights, Credit & Debt

Status: Licensed: 40 Years

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520 S Union St, Traverse City, MI 49684

Thomas R. Alward

Consumer Bankruptcy

Status: Licensed: 45 Years

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202 E State St, Traverse City, MI 49684

Julie A. Gillum

Contract, Collection, Divorce, Construction

Status: Licensed: 33 Years

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326 E State St, Traverse City, MI 49684

David A. Bieganowski

Business, Collection, Real Estate, Estate

Status: Licensed: 29 Years

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400 E Eighth St, Traverse City, MI 49685

Michael Corcoran

Bankruptcy, Divorce & Family Law, Credit & Debt, Civil & Human Rights

Status: Licensed: 40 Years

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617 W Front St, Traverse City, MI 49684

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LEGAL TERMS

CREDIT FILE

See credit report.

UNSECURED DEBT

A debt that is not tied to any item of property. A creditor doesn't have the right to grab property to satisfy the debt if you default. The creditor's only reme... (more...)

A debt that is not tied to any item of property. A creditor doesn't have the right to grab property to satisfy the debt if you default. The creditor's only remedy is to sue you and get a judgment. Compare secured debt.

AUTOMATIC STAY

An injunction automatically issued by the bankruptcy court when a debtor files for bankruptcy. The automatic stay prohibits most creditor collection activities,... (more...)

An injunction automatically issued by the bankruptcy court when a debtor files for bankruptcy. The automatic stay prohibits most creditor collection activities, such as filing or continuing lawsuits, making written requests for payment, or notifying credit reporting bureaus of an unpaid debt.

ABUSE

Misuse of the Chapter 7 bankruptcy remedy. This term is typically applied to Chapter 7 bankruptcy filings that should have been filed under Chapter 13, because ... (more...)

Misuse of the Chapter 7 bankruptcy remedy. This term is typically applied to Chapter 7 bankruptcy filings that should have been filed under Chapter 13, because the debtor appears to have enough disposable income to fund a Chapter 13 repayment plan.

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.

CCCS

See Consumer Credit Counseling Service.

CREDIT BUREAU

A private, profit-making company that collects and sells information about a person's credit history. Typical clients include banks, mortgage lenders and credit... (more...)

A private, profit-making company that collects and sells information about a person's credit history. Typical clients include banks, mortgage lenders and credit card companies that use the information to screen applicants for loans and credit cards. There are three major credit bureaus, Equifax, Experian and Trans Union, and they are regulated by the federal Fair Credit Reporting Act.

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.

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.

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Elberta Bankruptcy & Debt Lawyer, Michigan

Sponsored Law Firm

Marrs & Terry, PLLC

SPONSORED LAWYERS

Ronald A. Schuknecht

Lee Eric Ranieri

Brace Edward Kern

Michael Patrick Corcoran

Frederick R. Bimber

Grant W Parsons

Thomas R. Alward

Julie A. Gillum

David A. Bieganowski

Michael Corcoran

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LEGAL TERMS

CREDIT FILE

UNSECURED DEBT

AUTOMATIC STAY

ABUSE

FAIR CREDIT REPORTING ACT (FCRA)

CCCS

CREDIT BUREAU

NONDISCHARGEABLE DEBTS

BULK SALES LAW

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