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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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Aaron J. Scheinfield

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Bankruptcy & Debt, Landlord-Tenant, Collection, Litigation, Construction

Aaron J. Scheinfield, born Farmington Hills, Michigan, December 1977, was admitted to the Bar in 2004. Education: University of Michigan (B.A. 2000); ... (more)

FREE CONSULTATION

CONTACT

248-355-5300

4000 Town Ctr, Southfield, MI 48075

Derek J. Brackon

Business Organization, Family Law, Collection, Wills & Probate

Status:

CONTACT

12900 Hall Road, Sterling Heights, MI 48313

Lyndsay S. Ott

Collection, Banking & Finance, Corporate, Real Estate

Status:

CONTACT

12900 Hall Road, Sterling Heights, MI 48313

Raymond J. Sterling

Class Action, Whistleblower, Civil Rights, Collection

Status:

CONTACT

33 Bloomfield Hills Parkway, Bloomfield Hills, MI 48304

Sheryl A. Shoebottom

Bankruptcy, Collection, Credit & Debt, Tax

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FREE CONSULTATION

CONTACT

30161 Southfield Road, Southfield, MI 48076

Thomas James Stanis

Construction, Family Law, Contract, Collection

Status: Licensed: 12 Years

CONTACT

5213 Bordman Rd, Dryden, MI 48428

Mark H. Davidson

Trusts, Elder Law, Contract, Collection

Status:

CONTACT

310 Huron Ave, Port Huron, MI 48060

Terri P. Gruca

Contract, Collection, Bankruptcy, Bankruptcy & Debt

Status: Licensed: 27 Years

CONTACT

Rochester, MI 48308

Caralyce M. Lassner

Landlord-Tenant, Federal Appellate Practice, Family Law, Collection, Bankruptcy & Debt

Status: Licensed: 24 Years

CONTACT

Rochester, MI 48308

Tricia N. Mckinnon

Litigation, Collection, Bankruptcy, Bankruptcy & Debt

Status: Licensed: 26 Years

CONTACT

Rochester, MI 48308

800-814-6700

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LEGAL TERMS

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.

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.

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 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.

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.

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.

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.

PRIORITY DEBT

A type of debt that is paid first if there are distributions made from the bankruptcy estate in a Chapter 7 bankruptcy, and must be paid in full in a Chapter 13... (more...)

A type of debt that is paid first if there are distributions made from the bankruptcy estate in a Chapter 7 bankruptcy, and must be paid in full in a Chapter 13 bankruptcy. Priority debts include alimony and child support, fees owed to the trustee and the attorney in the bankruptcy case, and wages owed to employees.

SETOFF

A claim made by someone who allegedly owes money, that the amount should be reduced because the other person owes him money. This is often raised in a countercl... (more...)

A claim made by someone who allegedly owes money, that the amount should be reduced because the other person owes him money. This is often raised in a counterclaim filed by a defendant in a lawsuit. Banks may try to exercise a setoff by taking money out of a deposit account to satisfy past due payments on a loan or credit card bill. Such an act is illegal under most circumstances.

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Emmett Collection Lawyer, Michigan

Sponsored Law Firm

Marrs & Terry, PLLC

SPONSORED LAWYERS

Aaron J. Scheinfield

Derek J. Brackon

Lyndsay S. Ott

Raymond J. Sterling

Sheryl A. Shoebottom

Thomas James Stanis

Mark H. Davidson

Terri P. Gruca

Caralyce M. Lassner

Tricia N. Mckinnon

TIPS

LEGAL TERMS

LIMITED LIABILITY

UNSECURED DEBT

ADMINISTRATIVE EXPENSES

CREDIT BUREAU

CREDIT INSURANCE

ABUSE

TRADE DRESS

PRIORITY DEBT

SETOFF

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