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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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Charles J. Schneider

Bankruptcy, Bankruptcy & Debt, Credit & Debt

Status: In Good Standing

CONTACT

39319 Plymouth Rd, Livonia, MI 48150

Lorray S.C. Brown

Consumer Rights, Lending, Credit & Debt, Consumer Bankruptcy

Status: In Good Standing Licensed: 40 Years

CONTACT

3625 Fieldcrest Ln, Ypsilanti, MI 48197

William Edward Link

Employee Rights, Civil Rights, Contract, Credit & Debt

Status: In Good Standing Licensed: 12 Years

CONTACT

13 Lucerne Ct, Ann Arbor, MI 48108

Alexander Joseph Berry-Santoro

Medical Products & Devices, Criminal, Business, Credit & Debt

Status: In Good Standing Licensed: 7 Years

CONTACT

700 Towner St, Ypsilanti, MI 48198

David Charles Maurer

General Practice

Status: In Good Standing Licensed: 18 Years

CONTACT

700 Towner St, Ypsilanti, MI 48198

Robert Keyes

Bankruptcy & Debt, Credit & Debt, Bankruptcy, Criminal, Traffic

Status: In Good Standing Licensed: 19 Years

FREE CONSULTATION

CONTACT

300 N Huron St, Ypsilanti, MI 48197

David M. Parrott

Landlord-Tenant, Traffic, Civil Rights, Credit & Debt

Status: In Good Standing Licensed: 39 Years

CONTACT

42156 N. Cumberland Drive, Belleville, MI 48111

Sarah Lyn Wixson

Real Estate, Litigation, Contract, Credit & Debt

Status: In Good Standing

CONTACT

101 N Main St, Ann Arbor, MI 48104

Michael C. Hammer

Litigation, Business, Credit & Debt, Bankruptcy

Status: In Good Standing

CONTACT

350 S Main St, Ann Arbor, MI 48104

Michael Hammer

Litigation, Business, Credit & Debt, Bankruptcy

Status: In Good Standing

CONTACT

350 S Main St, Ann Arbor, MI 48104

800-923-0641

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LEGAL TERMS

CCCS

See Consumer Credit Counseling Service.

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.

CHAPTER 13 BANKRUPTCY

The reorganization bankruptcy for consumers, in which you partially or fully repay your debts. In Chapter 13 bankruptcy, you keep your property and use your inc... (more...)

The reorganization bankruptcy for consumers, in which you partially or fully repay your debts. In Chapter 13 bankruptcy, you keep your property and use your income to pay all or a portion of the debts over three to five years. The minimum amount you must pay is roughly equal to the value of your nonexempt property. In addition, you must pledge your disposable net income -- after subtracting reasonable expenses -- for the period during which you are making payments. At the end of the three-to five-year period, the balance of what you owe on most debts is erased.

DEBIT CARD

A card issued by a bank that combines the functions of an ATM card and checks. A debit card can be used to withdraw cash at a bank like an ATM card, and it can ... (more...)

A card issued by a bank that combines the functions of an ATM card and checks. A debit card can be used to withdraw cash at a bank like an ATM card, and it can also be used at stores to pay for goods and services in place of a check. Unlike a credit card, a debit card automatically withdraws money from your checking account at the time of the transaction. Debit cards are regulated by the Electronic Funds Transfer Act.

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.

CREDITOR

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

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.

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.

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Milan Credit & Debt Lawyer, Michigan

Sponsored Law Firm

Marrs & Terry, PLLC

SPONSORED LAWYERS

Charles J. Schneider

Lorray S.C. Brown

William Edward Link

Alexander Joseph Berry-Santoro

David Charles Maurer

Robert Keyes

David M. Parrott

Sarah Lyn Wixson

Michael C. Hammer

Michael Hammer

TIPS

LEGAL TERMS

CCCS

GUARANTEED RESERVATION

WORKOUT

CHAPTER 13 BANKRUPTCY

DEBIT CARD

ADMINISTRATIVE EXPENSES

CREDITOR

CHAPTER 13 PLAN

SECURED DEBT

SAMPLE LEGAL CASES

New Freedom Mtg. Corp. v. Globe Mtg. Corp.

Barth v. FIRST CONSUMER CREDIT, INC.

CHARTER ONE BANK NA v. JP Morgan Chase Bank, NA

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