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

Christopher G. Bovid

Corporate, Banking & Finance, Bankruptcy Litigation, Bankruptcy

Status:

FREE CONSULTATION

CONTACT

915 North Michigan Avenue, Howell, MI 48843

Kimberly C. Wilson

Real Estate, Reinsurance, Business, Consumer Bankruptcy

Status:

CONTACT

759 Beverly Park Pl, Jackson, MI 49203

Anne Walker White

Biotechnology, Labor Law, Business, Consumer Bankruptcy

Status: Licensed: 41 Years

CONTACT

1 Comtronics Pl, Jackson, MI 49203

Thomas Patrick Riley

Other, Industry Specialties, Consumer Bankruptcy, Bankruptcy & Debt

Status:

CONTACT

500 W Michigan Ave, Jackson, MI 49201

Darryl R. Mazur

Consumer Bankruptcy, Criminal

Status: Licensed: 52 Years

CONTACT

4203 Aspen Way, Jackson, MI 49201

Lineas L Baze

Bankruptcy

Status: Licensed: 42 Years

CONTACT

335 W Cortland Ave, Jackson, MI 49201

Larry William Schlusler

Administrative Law, Bankruptcy, Workers' Compensation, Social Security

Status:

CONTACT

3625 Whispering Woods Dr, Jackson, MI 49201

Aaron L. Vorce

Real Estate, Litigation, Consumer Rights, Consumer Bankruptcy

Status: Licensed: 20 Years

CONTACT

1 Energy Plaza Dr, Jackson, MI 49201

Patrick Anthony Mcveigh

Consumer Bankruptcy, Criminal, Real Estate, Commercial Real Estate

Status: Licensed: 14 Years

CONTACT

13453 Riker Rd, Chelsea, MI 48118

Patricia B. Fancy

Intellectual Property, Consumer Bankruptcy

Status: Licensed: 47 Years

CONTACT

200 Silver Maples Dr, Chelsea, MI 48118

800-814-6700

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LEGAL TERMS

401(K) PLAN

A deferred compensation savings program in which employees invest part of their wages, sometimes along with employer contributions, to save on taxes. No income ... (more...)

A deferred compensation savings program in which employees invest part of their wages, sometimes along with employer contributions, to save on taxes. No income taxes on the amount invested and any earnings are due until the employee withdraws money from the fund.

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.

CREDITOR

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

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.

FDCPA

See Fair Debt Collections & Practices Act.

PRESUMED ABUSE

In a Chapter 7 bankruptcy, when the debtor's current monthly income exceeds the family median income for his or her state and he or she cannot pass the means te... (more...)

In a Chapter 7 bankruptcy, when the debtor's current monthly income exceeds the family median income for his or her state and he or she cannot pass the means test, the court will presume that the debtor has sufficient income to fund a Chapter 13 plan. In this situation, the debtor will not be allowed to proceed with a Chapter 7 bankruptcy unless the debtor can prove that he or she is not abusing the Chapter 7 bankruptcy remedy.

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.

COLLATERAL

Property that guarantees payment of a secured debt.

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.

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Jackson Bankruptcy Lawyer, Michigan

Sponsored Law Firm

Marrs & Terry, PLLC

SPONSORED LAWYERS

Christopher G. Bovid

Kimberly C. Wilson

Anne Walker White

Thomas Patrick Riley

Darryl R. Mazur

Lineas L Baze

Larry William Schlusler

Aaron L. Vorce

Patrick Anthony Mcveigh

Patricia B. Fancy

TIPS

LEGAL TERMS

401(K) PLAN

BULK SALES LAW

CREDITOR

REAFFIRMATION

FDCPA

PRESUMED ABUSE

DEBIT CARD

COLLATERAL

NO-FAULT INSURANCE

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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PRACTICE AREAS 30

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