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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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Rodney W. Sabourin

Real Estate, Divorce & Family Law, Criminal, Bankruptcy & Debt

Status: In Good Standing Licensed: 50 Years

CONTACT

9697 Springwood Circle, Freeland, MI 48623

Seth Michael Bierlein

Trusts, Divorce, Bankruptcy, Wrongful Death

Status: In Good Standing Licensed: 9 Years

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8799 Cottonwood Dr, Freeland, MI 48623

Daniel Cline

Cogeneration, Corporate, Reorganization, Bankruptcy

Status: In Good Standing

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1885 W. Tranquil Trail, Midland, MI 48640

Alan S. Ells

Traffic, Estate, Criminal, Bankruptcy

Status: In Good Standing Licensed: 51 Years

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4425 Springbrook Dr, Saginaw, MI 48603

Michael J. Shovan

Trusts, Business & Trade, Business, Bankruptcy

Status: In Good Standing

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6620 Weiss St, Saginaw, MI 48603

Colleen Elizabeth Hughes

Estate, Bankruptcy & Debt

Status: In Good Standing Licensed: 32 Years

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800 Timberwood Ln, Saginaw, MI 48609

Colleen E. Hughes

Estate, Bankruptcy & Debt

Status: In Good Standing Licensed: 32 Years

CONTACT

800 Timberwood Ln, Saginaw, MI 48609

Andrew Jay Tierman

Public Schools, Consumer Rights, Elder Law, Consumer Bankruptcy

Status: In Good Standing Licensed: 51 Years

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5581 Tamarix Ln, Saginaw, MI 48603

Glenn L. Fitkin

Real Estate, Traffic, Environmental Law, Bankruptcy

Status: In Good Standing Licensed: 32 Years

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4301 Fashion Square Blvd, Saginaw, MI 48603

Susan M. Cook

Wrongful Termination, Divorce, Business, Bankruptcy

Status: In Good Standing Licensed: 44 Years

CONTACT

715 E Main St, Midland, MI 48640

800-923-0641

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LEGAL TERMS

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.

NONEXEMPT PROPERTY

The property you risk losing to your creditors when you file a Chapter 7 bankruptcy or when a creditor sues you and wins a judgment. Nonexempt property typicall... (more...)

The property you risk losing to your creditors when you file a Chapter 7 bankruptcy or when a creditor sues you and wins a judgment. Nonexempt property typically includes valuable clothing (furs) and electronic equipment, an expensive car that's been paid off and most of the equity in your house. Compare exempt property.

FAIR LABOR STANDARDS ACT (FLSA)

A federal law that guarantees a worker's right to be paid fairly. The FLSA defines the 40-hour workweek, sets out the federal minimum wage, states requirements ... (more...)

A federal law that guarantees a worker's right to be paid fairly. The FLSA defines the 40-hour workweek, sets out the federal minimum wage, states requirements for overtime and places restrictions on child labor.

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.

LIEN

The right of a secured creditor to grab a specific item of property if you don't pay a debt. Liens you agree to are called security interests, and include mortg... (more...)

The right of a secured creditor to grab a specific item of property if you don't pay a debt. Liens you agree to are called security interests, and include mortgages, home equity loans, car loans and personal loans for which you pledge property to guarantee repayment. Liens created without your consent are called nonconsensual liens, and include judgment liens (liens filed by a creditor who has sued you and obtained a judgment), tax liens and mechanics liens (liens filed by a contractor who worked on your house but wasn't paid).

CREDIT INSURANCE

Insurance a lender requires a borrower to purchase to cover the loan. If the borrower dies or becomes disabled before paying off the loan, the policy will pay o... (more...)

Insurance a lender requires a borrower to purchase to cover the loan. If the borrower dies or becomes disabled before paying off the loan, the policy will pay off the remaining balance. Federal and state consumer protection laws require the lender to disclose to existing and potential borrowers the terms and costs of obtaining credit insurance because it can affect the terms of the loan.

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.

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.

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Freeland Bankruptcy & Debt Lawyer, Michigan

Sponsored Law Firm

Marrs & Terry, PLLC

SPONSORED LAWYERS

Rodney W. Sabourin

Seth Michael Bierlein

Daniel Cline

Alan S. Ells

Michael J. Shovan

Colleen Elizabeth Hughes

Colleen E. Hughes

Andrew Jay Tierman

Glenn L. Fitkin

Susan M. Cook

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LEGAL TERMS

REAFFIRMATION

NONEXEMPT PROPERTY

FAIR LABOR STANDARDS ACT (FLSA)

IRS EXPENSES

LIEN

CREDIT INSURANCE

PREFERENCE

FDCPA

PRIORITY DEBT

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