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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 Sheinfield

Bankruptcy & Debt, Bankruptcy, Collection, Credit & Debt

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4000 Town Center, Southfield, MI 48075

Aaron J. Kemp

Health Care Other, Employment, Criminal, Bankruptcy

Status: Licensed: 28 Years

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1441 W Long Lake Rd, Troy, MI 48098

Abril Valdes

International Other, Immigration, Divorce, Bankruptcy

Status: Licensed: 12 Years

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575 E Big Beaver Rd, Troy, MI 48083

Adam Alexander

Consumer Rights, Credit & Debt, Class Action, Defect and Lemon Law

Status: Licensed: 29 Years

FREE CONSULTATION

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17200 W. Ten Mile Rd., Southfield, MI 48075

Adam L. Wiener

Bankruptcy & Debt

Status: Licensed: 36 Years

FREE CONSULTATION

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29501 Greenfield Rd, Southfield, MI 48076

Adam Lytle Kochenderfer

Lawsuit & Dispute, Bankruptcy & Debt

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27300 W 11 Mile Rd, Southfield, MI 48034

Adam Satovsky Rubin

Biotechnology, Reinsurance, Administrative Law, Consumer Bankruptcy

Status: Licensed: 17 Years

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348 E Maple Rd, Birmingham, MI 48009

Adam L. Kochenderfer

Bankruptcy, Lawsuit, Personal Injury, Employment Discrimination

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3150 Livernois Rd, Troy, MI 48083

Adam Michael Roose

Consumer Rights, Bankruptcy & Debt

Status: Licensed: 20 Years

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29829 Greenfield Rd, Southfield, MI 48076

Adam James Devlin

Real Estate, Lawsuit & Dispute, Bankruptcy, Collection, Wills & Probate

Status: Licensed: 16 Years

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Bloomfield Hills, MI 48303

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LEGAL TERMS

FAIR DEBT COLLECTIONS & PRACTICES ACT (FDCPA)

A federal law that outlaws unfair debt collection practices, including lying, harassing, misleading and otherwise abusing debtors, by debt collectors working fo... (more...)

A federal law that outlaws unfair debt collection practices, including lying, harassing, misleading and otherwise abusing debtors, by debt collectors working for collection agencies. The law does not apply to creditors collecting their own debts. This law has greatly improved conditions for debtors, although more than a few debt collectors ignore the law. If a collection agency violates the law, debtors can contact the Federal Trade Commission for help.

MEANS TEST

A formula that uses predefined income and expense categories to determine whether a debtor whose current monthly income is higher than the median family income ... (more...)

A formula that uses predefined income and expense categories to determine whether a debtor whose current monthly income is higher than the median family income for his or her state should be allowed to file for Chapter 7 bankruptcy.

NONPROFIT CORPORATION

A legal structure authorized by state law allowing people to come together to either benefit members of an organization (a club, or mutual benefit society) or f... (more...)

A legal structure authorized by state law allowing people to come together to either benefit members of an organization (a club, or mutual benefit society) or for some public purpose (such as a hospital, environmental organization or literary society). Nonprofit corporations, despite the name, can make a profit, but the business cannot be designed primarily for profit-making purposes, and the profits must be used for the benefit of the organization or purpose the corporation was created to help. When a nonprofit corporation dissolves, any remaining assets must be distributed to another nonprofit, not to board members. As with for-profit corporations, directors of nonprofit corporations are normally shielded from personal liability for the organization's debts. Some nonprofit corporations qualify for a federal tax exemption under _ 501(c)(3) of the Internal Revenue Code, with the result that contributions to the nonprofit are tax deductible by their donors.

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.

CHAPTER 13 PLAN

A document filed in a Chapter 13 bankruptcy in which the debtor shows how all of his or her disposable income will be used over a three- to five-year period to ... (more...)

A document filed in a Chapter 13 bankruptcy in which the debtor shows how all of his or her disposable income will be used over a three- to five-year period to pay all mandatory debts -- for example, back child support, taxes, and mortgage arrearages -- as well as some or all unsecured, nonpriority debts, such as medical and credit card bills.

FRATERNAL BENEFIT SOCIETY BENEFITS

These are benefits, often group life insurance, paid for by fraternal societies to their members. Elks, Masons or Knights of Columbus are common fraternal socie... (more...)

These are benefits, often group life insurance, paid for by fraternal societies to their members. Elks, Masons or Knights of Columbus are common fraternal societies that provide benefits. Also called benefit society, benevolent society or mutual aid association benefits. Under bankruptcy laws, these benefits are virtually always considered exempt property.

CHAPTER 7 BANKRUPTCY

The most familiar type of bankruptcy, in which many or all of your debts are wiped out completely in exchange for giving up your nonexempt property. Chapter 7 b... (more...)

The most familiar type of bankruptcy, in which many or all of your debts are wiped out completely in exchange for giving up your nonexempt property. Chapter 7 bankruptcy takes from three to six months, costs about $200, and commonly requires only one trip to the courthouse.

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.

UNDUE HARDSHIP

The circumstances in which a debtor may discharge a student loan in bankruptcy. For example, a debtor who has no income and little chance of earning enough in t... (more...)

The circumstances in which a debtor may discharge a student loan in bankruptcy. For example, a debtor who has no income and little chance of earning enough in the future to pay off the loan may be able to show that repayment would be an undue hardship.

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Troy Bankruptcy & Debt Lawyer, Michigan, page 4

Sponsored Law Firm

Marrs & Terry, PLLC

SPONSORED LAWYERS

Aaron Sheinfield

Aaron J. Kemp

Abril Valdes

Adam Alexander

Adam L. Wiener

Adam Lytle Kochenderfer

Adam Satovsky Rubin

Adam L. Kochenderfer

Adam Michael Roose

Adam James Devlin

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LEGAL TERMS

FAIR DEBT COLLECTIONS & PRACTICES ACT (FDCPA)

MEANS TEST

NONPROFIT CORPORATION

DEBIT CARD

CHAPTER 13 PLAN

FRATERNAL BENEFIT SOCIETY BENEFITS

CHAPTER 7 BANKRUPTCY

WINDING UP

UNDUE HARDSHIP

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