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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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Donald J. Baranski

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Divorce & Family Law, Estate, Employment, Criminal, Consumer Bankruptcy

Thirty years in general practice

Donald J. Baranski received his Bachelor of Arts in Humanities Pre Law, from Michigan State University. This was a triple major of American History, P... (more)

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CONTACT

800-970-5860

4125 Okemos Road, Okemos, MI 48864

Barbara J. Oyer

Immigration, Gift Taxation, Administrative Law, Bankruptcy & Debt

Status: Licensed: 38 Years

CONTACT

430 W Allegan St, Lansing, MI 48922

Adam Lee Spinelli Fracassi

Election & Political, Civil Rights, Administrative Law, Collection

Status: Licensed: 10 Years

CONTACT

430 W Allegan St, Lansing, MI 48933

Julie A. Petrik

Litigation, Class Action, Labor Law, Credit & Debt

Status: Licensed: 33 Years

CONTACT

525 W Allegan St, Lansing, MI 48933

James E. Westrin

General Practice

Status: Licensed: 21 Years

CONTACT

530 W Allegan St, Lansing, MI 48933

Daniel J. Hude

Landlord-Tenant, Litigation, Banking & Finance, Credit & Debt

Status: Licensed: 16 Years

CONTACT

Lansing, MI 48909

Travis M. Comstock

Education, Freedom of Religion, Administrative Law, Credit & Debt

Status: Licensed: 17 Years

CONTACT

Lansing, MI 48909

Ekugbere Joseph Ejoh

Litigation, International Other, Immigration, Bankruptcy

Status: Licensed: 13 Years

CONTACT

3300 Lawdor Rd, Lansing, MI 48911

Janet Ann McDuffey

Family Law, Bankruptcy, Estate, Criminal

Status:

CONTACT

Lansing, MI 48909

John Thomas Macdonald

Landlord-Tenant, Wills & Probate, DUI-DWI, Bankruptcy

Status:

CONTACT

Lansing, MI 48901

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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.

LIABILITY

(1) The state of being liable--that is, legally responsible for an act or omission. Example:Peri hires Paul to fix a broken pipe in her bathroom, but the new pi... (more...)

(1) The state of being liable--that is, legally responsible for an act or omission. Example:Peri hires Paul to fix a broken pipe in her bathroom, but the new pipe bursts the day after Paul installs it, ruining the bathroom floor. This raises the issue of liability: Who is responsible for the damage? Peri claims that Paul is responsible, and sues him for the cost of hiring another plumber to fix the pipe and replacing the floor. Paul, in turn, claims that the pipe manufacturer is responsible, because they supplied him with faulty materials. Both Peri and Paul must prove their claims in court; if Paul and/or the manufacturer is found liable, one or both will have to pay damages to Peri. (2) Something for which a person is liable. For example, a debt is often called a liability.

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.

COLLECTION AGENCY

A company hired by a creditor to collect a debt that it is owed. Creditors typically hire a collection agency only after they have made efforts to collect the d... (more...)

A company hired by a creditor to collect a debt that it is owed. Creditors typically hire a collection agency only after they have made efforts to collect the debt themselves, typically through letters (called 'dunning' letters) and telephone calls. Collection agencies are regulated by the federal Fair Debt Collection Practices Act. Unfortunately, too many collectors ignore this law.

TRADE NAME

The official name of a business, the one it uses on its letterhead and bank account when not dealing with consumers.

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.

GRACE PERIOD

A period of time during which you are not required to make payments on a debt. For example, most credit cards give you a grace period of 20-30 days before you h... (more...)

A period of time during which you are not required to make payments on a debt. For example, most credit cards give you a grace period of 20-30 days before you have to pay interest on the amount of your purchases. Cash advances, however, usually have no grace period; interest begins to accumulate from the date of the withdrawal, even if you pay your bills on time. Also, some student loans give you a grace period after graduating or dropping out of school. During this time, you are not required to make payments on your loan.

CCCS

See Consumer Credit Counseling Service.

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.

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Lansing Bankruptcy & Debt Lawyer, Michigan

Sponsored Law Firm

Marrs & Terry, PLLC

SPONSORED LAWYERS

Donald J. Baranski

Barbara J. Oyer

Adam Lee Spinelli Fracassi

Julie A. Petrik

James E. Westrin

Daniel J. Hude

Travis M. Comstock

Ekugbere Joseph Ejoh

Janet Ann McDuffey

John Thomas Macdonald

TIPS

LEGAL TERMS

BULK SALES LAW

LIABILITY

SETOFF

COLLECTION AGENCY

TRADE NAME

DEFINED CONTRIBUTION PLAN

GRACE PERIOD

CCCS

GENERAL PARTNER

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