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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

Adam E. Griffis

Foreclosure, Antitrust, Business, Bankruptcy

Status: Licensed: 14 Years

CONTACT

10543 Countryside Dr, Grand Ledge, MI 48837

Jessica Louise Sanchez

Consumer Bankruptcy

Status: Licensed: 16 Years

CONTACT

900 S Bridge St, Dewitt, MI 48820

Charlotte F. Shoup

Real Estate, Estate Planning, Elder Law, Consumer Bankruptcy

Status: Licensed: 32 Years

CONTACT

4750 W Taft Rd, Saint Johns, MI 48879

Nicole Elizabeth Shannon

Family Law, Elder Law, Collection, Consumer Bankruptcy

Status: Licensed: 15 Years

CONTACT

15851 S Us 27, Lansing, MI 48906

Cheryl Lynne Chadwick

Estate Planning, Estate, Family Law, Consumer Bankruptcy

Status: Licensed: 29 Years

CONTACT

220 W Main St, Ionia, MI 48846

Conrad H. Vincent

Trusts, Family Law, DUI-DWI, Bankruptcy

Status:

CONTACT

420 S Waverly Rd, Lansing, MI 48917

Robert W. Dietrich

Bankruptcy, Divorce & Family Law

Status: Licensed: 31 Years

CONTACT

3815 W Saint Joseph St, Lansing, MI 48917

Ekugbere Joseph Ejoh

Litigation, International Other, Immigration, Bankruptcy

Status: Licensed: 13 Years

CONTACT

3300 Lawdor Rd, Lansing, MI 48911

Kieran Patrick Marion

Electronic Commerce, Election & Political, Consumer Bankruptcy, Animal Bite

Status: Licensed: 23 Years

CONTACT

110 W Michigan Ave, Lansing, MI 48933

Michael Thomas Brown

Environmental Law, Identity Theft, Consumer Bankruptcy, Bankruptcy

Status: Licensed: 18 Years

CONTACT

3815 W Saint Joseph St, Lansing, MI 48917

800-814-6700

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LEGAL TERMS

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.

FORBEARANCE

Voluntarily refraining from doing something, such as asserting a legal right. For example, a creditor may forbear on its right to collect a debt by temporarily ... (more...)

Voluntarily refraining from doing something, such as asserting a legal right. For example, a creditor may forbear on its right to collect a debt by temporarily postponing or reducing the borrower's payments.

MEETING OF CREDITORS

A meeting held with the bankruptcy trustee about a month after you file for bankruptcy. You must attend. The trustee reviews your bankruptcy papers and asks a f... (more...)

A meeting held with the bankruptcy trustee about a month after you file for bankruptcy. You must attend. The trustee reviews your bankruptcy papers and asks a few questions. In a Chapter 7, the meeting of creditors lasts a few minutes and rarely do any creditors show up. In a Chapter 13 bankruptcy, one or two creditors may attend, especially if they disagree with some provision of your repayment plan.

TRADE NAME

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

FCRA

See Fair Credit Reporting Act.

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.

GUARANTOR

A person who makes a legally binding promise to either pay another person's debt or perform another person's duty if that person defaults or fails to perform. T... (more...)

A person who makes a legally binding promise to either pay another person's debt or perform another person's duty if that person defaults or fails to perform. The guarantor gives a 'guaranty,' which is an assurance that the debt or other obligation will be fulfilled.

C CORPORATION

Common business slang to distinguish a corporation whose profits are taxed separate from its owners under subchapter C of the Internal Revenue Code, from an S c... (more...)

Common business slang to distinguish a corporation whose profits are taxed separate from its owners under subchapter C of the Internal Revenue Code, from an S corporation, whose profits are passed through to shareholders and taxed on their personal returns under subchapter S of the Internal Revenue Code.

LIMITED LIABILITY

The maximum amount a business owner can lose if the business is subject to debts, claims or other liabilities. An owner of a limited liability company (LLC) or ... (more...)

The maximum amount a business owner can lose if the business is subject to debts, claims or other liabilities. An owner of a limited liability company (LLC) or a person who invests in a corporation (a shareholder) generally stands to lose only the amount of money invested in the business. This means that if the business folds, creditors cannot seize or sell an owner's home, car, or other personal assets.

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Westphalia Bankruptcy Lawyer, Michigan

Sponsored Law Firm

Marrs & Terry, PLLC

SPONSORED LAWYERS

Adam E. Griffis

Jessica Louise Sanchez

Charlotte F. Shoup

Nicole Elizabeth Shannon

Cheryl Lynne Chadwick

Conrad H. Vincent

Robert W. Dietrich

Ekugbere Joseph Ejoh

Kieran Patrick Marion

Michael Thomas Brown

TIPS

LEGAL TERMS

FRAUDULENT TRANSFER

FORBEARANCE

MEETING OF CREDITORS

TRADE NAME

FCRA

BULK SALES LAW

GUARANTOR

C CORPORATION

LIMITED LIABILITY

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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