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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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Herbert R. Tanner

Lawsuit & Dispute, Divorce & Family Law, Reorganization, Accident & Injury

Status: Licensed: 39 Years

CONTACT

7872 Emery Rd, Portland, MI 48875

Brent David Riley

Landlord-Tenant, Federal Appellate Practice, Contract, Collection

Status: Licensed: 11 Years

CONTACT

13851 S Hinman Rd, Eagle, MI 48822

Adam E. Griffis

Foreclosure, Antitrust, Business, Bankruptcy

Status: Licensed: 14 Years

CONTACT

10543 Countryside Dr, Grand Ledge, MI 48837

Ronald J. Brittain

Mediation, Contract, Special Education, Collection

Status: Licensed: 29 Years

CONTACT

Grand Ledge, MI 48837

Barbara R. Levine

Criminal, Collection, Animal Bite, Accident & Injury

Status:

CONTACT

9685 Looking Glass Brook Dr, Grand Ledge, MI 48837

Mary Elizabeth Martindell

Patent, Intellectual Property, Estate, Bankruptcy & Debt

Status: Licensed: 18 Years

CONTACT

100 W Main St, Ionia, MI 48846

Thomas Warren Chadwick

Family Law, Divorce & Family Law, Children's Rights, Collection

Status: Licensed: 24 Years

CONTACT

220 W Main St, Ionia, MI 48846

Cheryl Lynne Chadwick

Estate Planning, Estate, Family Law, Consumer Bankruptcy

Status: Licensed: 29 Years

CONTACT

220 W Main St, Ionia, MI 48846

Jillyn M. Smith

Bankruptcy & Debt

Status: Licensed: 29 Years

CONTACT

217 Pearl St, Grand Ledge, MI 48837

Marshall A. Yee

Lawsuit & Dispute, Bankruptcy & Debt

Status: Licensed: 42 Years

CONTACT

47 Ferguson St, Grand Ledge, MI 48837

800-814-6700

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LEGAL TERMS

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.

ACCORD AND SATISFACTION

An agreement to settle a contract dispute by accepting less than what's due. This procedure is often used by creditors who want to cut their losses by collectin... (more...)

An agreement to settle a contract dispute by accepting less than what's due. This procedure is often used by creditors who want to cut their losses by collecting as much money as they can from debtors who cannot pay the full amount.

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.

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.

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.

REDEMPTION

In Chapter 7 bankruptcy, when the debtor obtains legal title to collateral for a debt by paying the creditor the replacement value of the collateral in a lump s... (more...)

In Chapter 7 bankruptcy, when the debtor obtains legal title to collateral for a debt by paying the creditor the replacement value of the collateral in a lump sum. For example, a debtor may redeem a car note by paying the lender the amount a retail vendor would charge for the car, considering its age and condition.

COLLATERAL

Property that guarantees payment of a secured debt.

WINDING UP

The process of paying off expenses and creditors, settling accounts, and collecting and distributing (to shareholders and owners) whatever assets then remain, a... (more...)

The process of paying off expenses and creditors, settling accounts, and collecting and distributing (to shareholders and owners) whatever assets then remain, all with the ultimate goal of liquidating or closing down a corporation or partnership.

INFRINGEMENT (OF TRADEMARK)

Unauthorized use of a protected trademark or service mark, or use of something very similar to a protected mark. The success of a lawsuit to stop the infringeme... (more...)

Unauthorized use of a protected trademark or service mark, or use of something very similar to a protected mark. The success of a lawsuit to stop the infringement turns on whether the defendant's use causes a likelihood of confusion in the average consumer. If a court determines that the average consumer would be confused, the owner of the original mark can prevent the other's use of the infringing mark and sometimes collect damages.

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Portland Bankruptcy & Debt Lawyer, Michigan

Sponsored Law Firm

Marrs & Terry, PLLC

SPONSORED LAWYERS

Herbert R. Tanner

Brent David Riley

Adam E. Griffis

Ronald J. Brittain

Barbara R. Levine

Mary Elizabeth Martindell

Thomas Warren Chadwick

Cheryl Lynne Chadwick

Jillyn M. Smith

Marshall A. Yee

TIPS

LEGAL TERMS

DEFINED CONTRIBUTION PLAN

ACCORD AND SATISFACTION

UNSECURED DEBT

CREDIT BUREAU

PRESUMED ABUSE

REDEMPTION

COLLATERAL

WINDING UP

INFRINGEMENT (OF TRADEMARK)

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