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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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Nemer Nasser Baki

Labor Law, Administrative Law, Collection, Animal Bite

Status: In Good Standing Licensed: 20 Years

CONTACT

4330 Dell Rd, Lansing, MI 48911

Becky J. Bolles

Wills & Probate, Estate, Divorce & Family Law, Corporate, Collection

Status: In Good Standing Licensed: 27 Years

CONTACT

300 S University Ave, Mount Pleasant, MI 48858

Mark Ernest Ross

Commercial Leasing, Construction Contracts, Business Organization, Collection

Status: In Good Standing Licensed: 26 Years

CONTACT

2347 Stonebridge Dr, Flint, MI 48532

David J. Gilbert

Criminal, Elder Law, Contract, Collection, Personal Injury

Status: In Good Standing Licensed: 25 Years

CONTACT

306 E Broadway St, Mount Pleasant, MI 48858

Kenneth M. Malkin

Landlord-Tenant, Medical Products & Devices, Federal Appellate Practice, Collection

Status: In Good Standing Licensed: 40 Years

CONTACT

4718 Willow Dr, Bay City, MI 48706

Heather Valynn Burnash

Traffic, Medical Products & Devices, Criminal, Collection

Status: In Good Standing

CONTACT

503 S Saginaw St, Flint, MI 48502

Mitchell S. Dembo

Estate Planning, Family Law, Reorganization, Collection, Wrongful Death

Status: In Good Standing Licensed: 36 Years

CONTACT

934 Church St, Flint, MI 48502

Amy J. De Nise

Litigation, Estate Planning, Elder Law, Collection

Status: In Good Standing Licensed: 26 Years

CONTACT

111 E Court St, Flint, MI 48502

Sherri L. Belknap

Family Law, Child Support, Elder Law, Contract, Collection

Status: In Good Standing Licensed: 24 Years

CONTACT

436 S Saginaw St, Flint, MI 48502

Dustyn Kyle Coontz

Federal Appellate Practice, Criminal, Collection, Animal Bite

Status: In Good Standing Licensed: 9 Years

CONTACT

503 S Saginaw St, Flint, MI 48502

800-923-0641

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LEGAL TERMS

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.

REAFFIRMATION

An agreement that a debtor and a creditor enter into after a debtor has filed for bankruptcy, in which the debtor agrees to repay all or part of an existing deb... (more...)

An agreement that a debtor and a creditor enter into after a debtor has filed for bankruptcy, in which the debtor agrees to repay all or part of an existing debt after the bankruptcy case is over. For instance, a debtor might make a reaffirmation agreement with the holder of a car note that the debtor can keep the car and must continue to pay the debt after bankruptcy.

DISPOSABLE INCOME

The difference between a debtor's current monthly income and allowable expenses. This is the amount that the new bankruptcy law deems available to pay into a Ch... (more...)

The difference between a debtor's current monthly income and allowable expenses. This is the amount that the new bankruptcy law deems available to pay into a Chapter 13 plan.

401(K) PLAN

A deferred compensation savings program in which employees invest part of their wages, sometimes along with employer contributions, to save on taxes. No income ... (more...)

A deferred compensation savings program in which employees invest part of their wages, sometimes along with employer contributions, to save on taxes. No income taxes on the amount invested and any earnings are due until the employee withdraws money from the fund.

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.

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.

SECURED DEBT

A debt on which a creditor has a lien. The creditor can institute a foreclosure or repossession to take the property identified by the lien, called the collater... (more...)

A debt on which a creditor has a lien. The creditor can institute a foreclosure or repossession to take the property identified by the lien, called the collateral, to satisfy the debt if you default. Compare unsecured debt.

IRS EXPENSES

A table of national and regional expense estimates published by the IRS. Debtors whose current monthly income is more than their state's median family income mu... (more...)

A table of national and regional expense estimates published by the IRS. Debtors whose current monthly income is more than their state's median family income must use the IRS expenses to calculate their average net income in a Chapter 7 case, or their disposable income in a Chapter 13 case.

CREDIT COUNSELING

Counseling that explores the possibility of repaying debts outside of bankruptcy and educates the debtor about credit, budgeting, and financial management. Unde... (more...)

Counseling that explores the possibility of repaying debts outside of bankruptcy and educates the debtor about credit, budgeting, and financial management. Under the new bankruptcy law, a debtor must undergo credit counseling with an approved provider before filing for bankruptcy.

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Bannister Collection Lawyer, Michigan, page 4

Sponsored Law Firm

Marrs & Terry, PLLC

SPONSORED LAWYERS

Nemer Nasser Baki

Becky J. Bolles

Mark Ernest Ross

David J. Gilbert

Kenneth M. Malkin

Heather Valynn Burnash

Mitchell S. Dembo

Amy J. De Nise

Sherri L. Belknap

Dustyn Kyle Coontz

TIPS

LEGAL TERMS

FRATERNAL BENEFIT SOCIETY BENEFITS

REAFFIRMATION

DISPOSABLE INCOME

401(K) PLAN

FORBEARANCE

ADMINISTRATIVE EXPENSES

SECURED DEBT

IRS EXPENSES

CREDIT COUNSELING

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