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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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Matthew P. Smith

Divorce, Criminal, Bankruptcy

Status: In Good Standing Licensed: 39 Years

CONTACT

Ada, MI 49301

Patricia L. Linscott

Native People, Administrative Law, Business, Consumer Bankruptcy

Status: In Good Standing Licensed: 31 Years

CONTACT

1819 Grand River Dr Ne, Ada, MI 49301

David L. Baatenburg

Industry Specialties, Bankruptcy & Debt

Status: In Good Standing

CONTACT

979 Spaulding Ave Se, Ada, MI 49301

Barbara A. Muller-Wilson

Real Estate, Consumer Rights, Children's Rights, Consumer Bankruptcy

Status: In Good Standing Licensed: 35 Years

CONTACT

979 Spaulding Ave Se, Ada, MI 49301

Barbara Muller-Wilson

Real Estate, Consumer Rights, Children's Rights, Consumer Bankruptcy

Status: In Good Standing

CONTACT

979 Spaulding Ave Se, Ada, MI 49301

Randall R. Grit

Workers' Compensation, Employment, Credit & Debt

Status: In Good Standing Licensed: 36 Years

CONTACT

539 W Abbey Mill Dr Se, Ada, MI 49301

Nicholas George Kacher

Employee Rights, Securities, Bankruptcy, Products Liability, Health Care Other

Status: In Good Standing Licensed: 19 Years

CONTACT

452 Ada Dr Se, Ada, MI 49301

Bonnie S. Lent-Davis

Workers' Compensation, Labor Law, Contract, Bankruptcy

Status: In Good Standing Licensed: 26 Years

CONTACT

Ada, MI 49331

Harold P. Henkel

Estate Planning, Civil & Human Rights, Collection, Products Liability

Status: In Good Standing Licensed: 45 Years

CONTACT

Belmont, MI 49306

Amy Brooke Winkelman

Real Estate, Biotechnology, Antitrust, Consumer Bankruptcy

Status: In Good Standing Licensed: 13 Years

CONTACT

1575 Arboretum Dr Se, Grand Rapids, MI 49546

800-923-0641

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LEGAL TERMS

CREDIT FILE

See credit report.

COLLATERAL

Property that guarantees payment of a secured debt.

FDCPA

See Fair Debt Collections & Practices Act.

PRIORITY DEBT

A type of debt that is paid first if there are distributions made from the bankruptcy estate in a Chapter 7 bankruptcy, and must be paid in full in a Chapter 13... (more...)

A type of debt that is paid first if there are distributions made from the bankruptcy estate in a Chapter 7 bankruptcy, and must be paid in full in a Chapter 13 bankruptcy. Priority debts include alimony and child support, fees owed to the trustee and the attorney in the bankruptcy case, and wages owed to employees.

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.

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.

BANKRUPTCY

A legal proceeding that relieves you of the responsibility of paying your debts or provides you with protection while attempting to repay your debts. There are ... (more...)

A legal proceeding that relieves you of the responsibility of paying your debts or provides you with protection while attempting to repay your debts. There are two types of bankruptcies -- liquidation, in which your debts are wiped out (discharged) and reorganization, in which you provide the court with a plan for how you intend to repay your debts. For both consumers and business, liquidation bankruptcy is called Chapter 7. For consumers, reorganization bankruptcy is called Chapter 13. Reorganization bankruptcy for consumers with an extraordinary amount of debt and for businesses is called Chapter 11. Reorganization bankruptcy for family farmers is called Chapter 12.

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.

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.

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Cannonsburg Bankruptcy & Debt Lawyer, Michigan

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Marrs & Terry, PLLC

SPONSORED LAWYERS

Matthew P. Smith

Patricia L. Linscott

David L. Baatenburg

Barbara A. Muller-Wilson

Barbara Muller-Wilson

Randall R. Grit

Nicholas George Kacher

Bonnie S. Lent-Davis

Harold P. Henkel

Amy Brooke Winkelman

TIPS

LEGAL TERMS

CREDIT FILE

COLLATERAL

FDCPA

PRIORITY DEBT

ADMINISTRATIVE EXPENSES

INTEREST

BANKRUPTCY

IRS EXPENSES

401(K) PLAN

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