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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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Gene Thomas Borgstahl

Workers' Compensation, Corporate, Commercial Bankruptcy, Personal Injury

Status: In Good Standing Licensed: 41 Years

CONTACT

6950 Memorial Hwy, Ottawa Lake, MI 49267

David George Grude

Litigation, Family Law, Collection, Personal Injury

Status: In Good Standing Licensed: 45 Years

CONTACT

7505 Summerfield Rd, Petersburg, MI 49270

Ray G. Tallerday

Bankruptcy

Status: Suspended Licensed: 45 Years

CONTACT

107 S Broad St, Adrian, MI 49221

Margaret M. S. Noe

Dispute Resolution, Family Law, Criminal, Collection

Status: In Good Standing Licensed: 40 Years

CONTACT

147 N Main St, Adrian, MI 49221

Denis F. Jodis

Workers' Compensation, Contract, Bankruptcy, Medical Malpractice

Status: In Good Standing

CONTACT

216 N. Main Street, Adrian, MI 49221

Catherine Ann Sala

Trusts, Divorce, Contract, Bankruptcy

Status: In Good Standing Licensed: 16 Years

CONTACT

425 N Main St, Adrian, MI 49221

Ciara Rae McGrane

Veterans' Affairs, Family Law, Criminal, Collection

Status: In Good Standing

CONTACT

425 N Main St, Adrian, MI 49221

Jacob Conrad Bender

Social Security, Workers' Compensation, Reinsurance, Bankruptcy

Status: In Good Standing Licensed: 10 Years

CONTACT

Adrian, MI 49221

Sean Francis Corsini

Family Law, Contract, Credit & Debt, Personal Injury

Status: In Good Standing Licensed: 11 Years

CONTACT

1893 W Maumee St, Adrian, MI 49221

John Deku

Real Estate, Estate, Criminal, Bankruptcy & Debt, Car Accident

Status: In Good Standing

CONTACT

8336 Monroe Road, Lambertville, MI 48144

800-923-0641

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LEGAL TERMS

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.

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.

INTEREST

A commission you pay a bank or other creditor for lending you money or extending you credit. An interest rate represents the annual percentage that is added to ... (more...)

A commission you pay a bank or other creditor for lending you money or extending you credit. An interest rate represents the annual percentage that is added to your balance. This means that if your loan or credit line has an interest rate of 8%, the holder adds 8% to the balance each year. More specifically, interest is calculated and added to your loan or credit line through a process called compounding. If interest is compounded daily, the balance will rise by 1/365th of 8% each day. If interest is compounded monthly, the balance will rise 1/12th of 8% at the start of each month.

COLLATERAL

Property that guarantees payment of a secured debt.

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.

CURRENT MONTHLY INCOME

As defined by the new bankruptcy law, a bankruptcy filer's total gross income (whether taxable or not), averaged over the six-month period immediately preceding... (more...)

As defined by the new bankruptcy law, a bankruptcy filer's total gross income (whether taxable or not), averaged over the six-month period immediately preceding the bankruptcy filing. The debtor's current monthly income is used to determine whether the debtor can file for Chapter 7 bankruptcy, among other things.

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.

TRADE NAME

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

ABUSE

Misuse of the Chapter 7 bankruptcy remedy. This term is typically applied to Chapter 7 bankruptcy filings that should have been filed under Chapter 13, because ... (more...)

Misuse of the Chapter 7 bankruptcy remedy. This term is typically applied to Chapter 7 bankruptcy filings that should have been filed under Chapter 13, because the debtor appears to have enough disposable income to fund a Chapter 13 repayment plan.

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Blissfield Bankruptcy & Debt Lawyer, Michigan

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Marrs & Terry, PLLC

SPONSORED LAWYERS

Gene Thomas Borgstahl

David George Grude

Ray G. Tallerday

Margaret M. S. Noe

Denis F. Jodis

Catherine Ann Sala

Ciara Rae McGrane

Jacob Conrad Bender

Sean Francis Corsini

John Deku

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LEGAL TERMS

GUARANTEED RESERVATION

CHAPTER 13 PLAN

INTEREST

COLLATERAL

SOLE PROPRIETORSHIP

CURRENT MONTHLY INCOME

WORKOUT

TRADE NAME

ABUSE

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