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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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Deborah Sellis

Real Estate, Lawsuit & Dispute, Bankruptcy & Debt

Status: Licensed: 18 Years

CONTACT

34705 W 12 Mile Rd, Farmington, MI 48331

Kelly M. Kumpula

Real Estate, Government, Business, Bankruptcy & Debt

Status: Licensed: 21 Years

CONTACT

34705 W 12 Mile Rd, Farmington, MI 48331

Terilyn M. Dentino

Bankruptcy & Debt

Status: Licensed: 22 Years

CONTACT

27500 Drake Rd, Farmington, MI 48331

Megan Bernet Odell

Sales & Use Tax, Landlord-Tenant, Contract, Credit & Debt

Status: Licensed: 24 Years

CONTACT

34975 W 12 Mile Rd, Farmington, MI 48331

Inga April Hofer

Litigation, Lawsuit & Dispute, Consumer Rights, Consumer Bankruptcy

Status:

CONTACT

35555 W 12 Mile Rd, Farmington, MI 48331

Sheryl J. Nathanson

Government, Collection

Status: Licensed: 36 Years

CONTACT

35555 W 12 Mile Rd, Farmington, MI 48331

Angela Strobel

Biotechnology, Administrative Law, Consumer Bankruptcy

Status: Licensed: 11 Years

CONTACT

35555 W 12 Mile Rd, Farmington, MI 48331

John C. Fanta

Transactions, Antitrust, Business, Consumer Bankruptcy

Status: Licensed: 23 Years

CONTACT

25291 Bridlepath Ln, Farmington, MI 48335

Trevor M. Stratton

Credit & Debt, Collection, Consumer Bankruptcy, Bankruptcy & Debt

Status: Licensed: 21 Years

FREE CONSULTATION

CONTACT

Farmington, MI 48336

David D. Murphy

Business, Bankruptcy, Personal Injury

Status: Licensed: 52 Years

CONTACT

22130 River Ridge Trl, Farmington, MI 48335

800-814-6700

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LEGAL TERMS

PROCEEDS FOR DAMAGED EXEMPT PROPERTY

In a bankruptcy proceeding, money collected through insurance, arbitration, mediation, settlement or a lawsuit to pay for exempt property that's no longer exemp... (more...)

In a bankruptcy proceeding, money collected through insurance, arbitration, mediation, settlement or a lawsuit to pay for exempt property that's no longer exemptible because it has been damaged or destroyed.

DOING BUSINESS AS (DBA)

A situation in which a business owner operates a company under a name different from his or her real name. The owner must file a 'fictitious name statement' or ... (more...)

A situation in which a business owner operates a company under a name different from his or her real name. The owner must file a 'fictitious name statement' or similar document with the appropriate agency -- for example, the county clerk. This enables consumers to discover the names of the business owners, which is important if a consumer needs to sue the business.

SUBROGATION

A taking on of the legal rights of someone whose debts or expenses have been paid. For example, subrogation occurs when an insurance company that has paid off i... (more...)

A taking on of the legal rights of someone whose debts or expenses have been paid. For example, subrogation occurs when an insurance company that has paid off its injured claimant takes the legal rights the claimant has against a third party that caused the injury, and sues that third party.

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.

DEBIT CARD

A card issued by a bank that combines the functions of an ATM card and checks. A debit card can be used to withdraw cash at a bank like an ATM card, and it can ... (more...)

A card issued by a bank that combines the functions of an ATM card and checks. A debit card can be used to withdraw cash at a bank like an ATM card, and it can also be used at stores to pay for goods and services in place of a check. Unlike a credit card, a debit card automatically withdraws money from your checking account at the time of the transaction. Debit cards are regulated by the Electronic Funds Transfer Act.

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.

CREDIT FILE

See credit report.

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).

FRAUDULENT TRANSFER

In a bankruptcy case, a transfer of property to another for less than the property's value for the purpose of hiding the property from the bankruptcy trustee --... (more...)

In a bankruptcy case, a transfer of property to another for less than the property's value for the purpose of hiding the property from the bankruptcy trustee -- for instance, when a debtor signs a car over to a relative to keep it out of the bankruptcy estate. Fraudulently transferred property can be recovered and sold by the trustee for the benefit of the creditors.

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Farmington Bankruptcy & Debt Lawyer, Michigan, page 4

Sponsored Law Firm

Marrs & Terry, PLLC

SPONSORED LAWYERS

Deborah Sellis

Kelly M. Kumpula

Terilyn M. Dentino

Megan Bernet Odell

Inga April Hofer

Sheryl J. Nathanson

Angela Strobel

John C. Fanta

Trevor M. Stratton

David D. Murphy

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LEGAL TERMS

PROCEEDS FOR DAMAGED EXEMPT PROPERTY

DOING BUSINESS AS (DBA)

SUBROGATION

CREDIT COUNSELING

DEBIT CARD

SETOFF

CREDIT FILE

CREDIT REPORT

FRAUDULENT TRANSFER

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