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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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Mitchell A. Goodkin

Entertainment, Labor Law, Business, Consumer Bankruptcy

Status: Licensed: 42 Years

CONTACT

2658 Esch Ave, Ann Arbor, MI 48104

Gary M. Victor

Other, Immigration, Medicare & Medicaid, Divorce, Consumer Bankruptcy

Status: Licensed: 55 Years

CONTACT

4928 Cole Blvd, Ypsilanti, MI 48197

Donnelly W. Hadden

Environmental Law, Consumer Rights, Consumer Bankruptcy, Accident & Injury

Status: Licensed: 64 Years

CONTACT

2002 Bancroft Dr, Ann Arbor, MI 48108

David A. Santacroce

Litigation, Lawsuit & Dispute, Collection, Consumer Bankruptcy

Status: Licensed: 33 Years

CONTACT

801 Monroe St, Ann Arbor, MI 48109

Rebekah Page-Gourley

Litigation, Intellectual Property, Federal Appellate Practice, Consumer Bankruptcy

Status: Licensed: 20 Years

CONTACT

1020 Greene St, Ann Arbor, MI 48109

Lander C. Mcloyd

Wills, Trusts, Estate Planning, Estate, Bankruptcy

Status:

CONTACT

1785 W Stadium Blvd, Ann Arbor, MI 48103

Judith A. Peters

Consumer Rights, Reorganization, Consumer Bankruptcy, Legal Malpractice

Status: Licensed: 28 Years

CONTACT

428 Sumark Way, Ann Arbor, MI 48103

Paul D. Reingold

Criminal, Civil Rights, Collection, Consumer Bankruptcy

Status: Licensed: 48 Years

CONTACT

801 Monroe St, Ann Arbor, MI 48109

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LEGAL TERMS

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.

NO-FAULT INSURANCE

Car insurance laws that require the insurance companies of each person in an accident to pay for medical bills and lost wages of their insured, up to a certain ... (more...)

Car insurance laws that require the insurance companies of each person in an accident to pay for medical bills and lost wages of their insured, up to a certain amount, regardless of who was at fault. The effect of no-fault insurance laws is to eliminate lawsuits in small accidents. The advantage is the prompt payment of medical bills and expenses. The downsides are that the amounts paid by no-fault policies are often not enough to fully cover a person's losses and that no-fault does not compensate for pain and suffering.

CREDITOR

A person or entity (such as a bank) to whom a debt is owed.

GUARANTEED RESERVATION

A hotel or rental car reservation secured by a credit card number. In exchange for your card number, the hotel or rental agency promises to have a room or vehic... (more...)

A hotel or rental car reservation secured by a credit card number. In exchange for your card number, the hotel or rental agency promises to have a room or vehicle for you no matter when you show up. If you have a guaranteed reservation with a hotel, it must provide you with a room, either at that hotel or at another comparable establishment. If you have a guaranteed reservation with a car agency, it must provide you with a vehicle. The downside of a guaranteed reservation is that if you don't show up and haven't cancelled your reservation, you will be billed for one night in the room or one day's use of the vehicle.

WORKOUT

A debtor's plan to take care of a debt, by paying it off or through loan forgiveness. Workouts are often created to avoid bankruptcy or foreclosure proceedings.

PREFERENCE

A payment made by a debtor to a creditor within a defined period prior to filing for bankruptcy -- within three months for arms-length creditors (regular commer... (more...)

A payment made by a debtor to a creditor within a defined period prior to filing for bankruptcy -- within three months for arms-length creditors (regular commercial creditors) and within one year for insider creditors (friends, family members, and business associates). Because a preference gives the creditor who received the payment an edge over other creditors in the bankruptcy case, the trustee can recover the preference (the amount of the payment) and distribute it among all of the creditors.

LIMITED PARTNERSHIP

A business structure that allows one or more partners (called limited partners) to enjoy limited personal liability for partnership debts while another partner ... (more...)

A business structure that allows one or more partners (called limited partners) to enjoy limited personal liability for partnership debts while another partner or partners (called general partners) have unlimited personal liability. The key difference between a general and limited partner concerns management decision making--general partners run the business, and limited partners, who are usually passive investors, are not allowed to make day-to-day business decisions. If they do, they risk being treated as general partners with unlimited personal liability.

FCRA

See Fair Credit Reporting Act.

DISCHARGEABLE DEBTS

Debts that can be erased by going through bankruptcy. Most debts incurred prior to declaring bankruptcy are dischargeable, including back rent, credit card bill... (more...)

Debts that can be erased by going through bankruptcy. Most debts incurred prior to declaring bankruptcy are dischargeable, including back rent, credit card bills and medical bills. Compare nondischargeable debts.

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Whittaker Bankruptcy & Debt Lawyer, Michigan, page 2

Sponsored Law Firm

Marrs & Terry, PLLC

SPONSORED LAWYERS

Mitchell A. Goodkin

Gary M. Victor

Donnelly W. Hadden

David A. Santacroce

Rebekah Page-Gourley

Lander C. Mcloyd

Judith A. Peters

Paul D. Reingold

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LEGAL TERMS

GRACE PERIOD

NO-FAULT INSURANCE

CREDITOR

GUARANTEED RESERVATION

WORKOUT

PREFERENCE

LIMITED PARTNERSHIP

FCRA

DISCHARGEABLE DEBTS

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