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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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Paul D. Reingold

Criminal, Civil Rights, Collection, Consumer Bankruptcy

Status: Licensed: 47 Years

CONTACT

801 Monroe St, Ann Arbor, MI 48109

Kimberly A. Thomas

Juvenile Law, Criminal, Civil Rights, Collection

Status: Licensed: 24 Years

CONTACT

801 Monroe St, Ann Arbor, MI 48109

Gary B. Boren

Bankruptcy & Debt

Status: Licensed: 45 Years

CONTACT

322 E Washington St, Ann Arbor, MI 48104

Gail D. Pabarue

Health Care Other, Non-profit, Business, Reorganization

Status: Licensed: 39 Years

CONTACT

2730 Winter Garden Ct, Ann Arbor, MI 48105

Greta M. Trakul

Lawsuit & Dispute, Divorce & Family Law, Bankruptcy & Debt

Status: Licensed: 20 Years

CONTACT

701 S State St, Ann Arbor, MI 48109

Adam Kenneth Keith

Transportation & Shipping, Contract, Bankruptcy, Bankruptcy & Debt

Status: Licensed: 17 Years

CONTACT

103 Ashley Mews Dr, Ann Arbor, MI 48104

Tanya M. Marcum

Government, Bankruptcy & Debt

Status: Licensed: 38 Years

CONTACT

2874 Hardwick Rd, Ann Arbor, MI 48105

Kurt Vander Voort

Estate Planning, Family Law, Criminal, Consumer Bankruptcy, Elder Law

Status: Licensed: 30 Years

CONTACT

Ann Arbor, MI 48113

Nora Lee Wright

Other, Commercial Real Estate, Business, Bankruptcy & Debt, Consumer Protection

Status: Licensed: 45 Years

CONTACT

218 W Kingsley St, Ann Arbor, MI 48103

David J. Hutchinson

Litigation, Employee Rights, Divorce, Contract, Collection

Status:

CONTACT

3068 Bluett Rd, Ann Arbor, MI 48105

800-923-0641

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LEGAL TERMS

ADMINISTRATIVE EXPENSES

The trustee's fee, the debtor's attorney fees, and other costs of bringing a bankruptcy case that a debtor must pay in full in a Chapter 13 repayment plan. Admi... (more...)

The trustee's fee, the debtor's attorney fees, and other costs of bringing a bankruptcy case that a debtor must pay in full in a Chapter 13 repayment plan. Administrative costs are typically 10% of the debtor's total payments under the plan.

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.

DOING BUSINESS AS (DBA)

A situation in which a business owner operates a company under a name different from his or her real name. The owner must file a 'fictitious name statement' or ... (more...)

A situation in which a business owner operates a company under a name different from his or her real name. The owner must file a 'fictitious name statement' or similar document with the appropriate agency -- for example, the county clerk. This enables consumers to discover the names of the business owners, which is important if a consumer needs to sue the business.

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.

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.

SOLE PROPRIETORSHIP

A business owned and managed by one person (or for tax purposes, a husband and wife). For IRS purposes, a sole proprietor and her business are one tax entity, m... (more...)

A business owned and managed by one person (or for tax purposes, a husband and wife). For IRS purposes, a sole proprietor and her business are one tax entity, meaning that business profits are reported and taxed on the owner's personal tax return. Setting up a sole proprietorship is cheap and easy since no legal formation documents need be filed with any governmental agency (although tax registration and other permit and license requirements may still apply). Once you file a fictitious name statement (assuming you don't use your own name) and obtain any required basic tax permits and business licenses, you'll be in business. The main downside of a sole proprietorship is that its owner is personally liable for all business debts.

BANKRUPTCY TRUSTEE

A person appointed by the court to oversee the case of a person or business that has filed for bankruptcy. In a consumer Chapter 7 case, the trustee's role is t... (more...)

A person appointed by the court to oversee the case of a person or business that has filed for bankruptcy. In a consumer Chapter 7 case, the trustee's role is to gather the debtor's nonexempt property, liquidate it and distribute it proportionally to her creditors. In a Chapter 13 case, the trustee's role is to receive the debtor's monthly payments and distribute them proportionally to her creditors.

FCRA

See Fair Credit Reporting Act.

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.

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Whitmore Lake Bankruptcy & Debt Lawyer, Michigan, page 4

Sponsored Law Firm

Marrs & Terry, PLLC

SPONSORED LAWYERS

Paul D. Reingold

Kimberly A. Thomas

Gary B. Boren

Gail D. Pabarue

Greta M. Trakul

Adam Kenneth Keith

Tanya M. Marcum

Kurt Vander Voort

Nora Lee Wright

David J. Hutchinson

TIPS

LEGAL TERMS

ADMINISTRATIVE EXPENSES

CREDIT BUREAU

DOING BUSINESS AS (DBA)

SETOFF

GRACE PERIOD

SOLE PROPRIETORSHIP

BANKRUPTCY TRUSTEE

FCRA

MEANS TEST

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