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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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Kevin J. Wistrom

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Real Estate, Accident & Injury, Bankruptcy & Debt, Estate, Government

Wistrom Law is concentrated in Real Estate law with emphasis on Accident & Injury, Bankruptcy & Debt, Estate, Government and Medical Marijuana. He has... (more)

FREE CONSULTATION

CONTACT

800-805-1630

1 East Apple Avenue, Muskegon, MI 49442

John W. Lewis

Land Use & Zoning, Family Law, Insurance, Bankruptcy

Status: In Good Standing

CONTACT

150 S Stewart Ave, Big Rapids, MI 49307

Peter M. Jaklevic

Real Estate, Criminal, Business, Consumer Bankruptcy

Status: In Good Standing Licensed: 31 Years

CONTACT

400 Elm St, Big Rapids, MI 49307

Russell E. Lewis

Other, Government, Criminal, Collection

Status: In Good Standing Licensed: 39 Years

CONTACT

119 South St, Big Rapids, MI 49307

James R. Samuels

Criminal, Collection

Status: In Good Standing

CONTACT

10021 Sylvan Dr, Mecosta, MI 49332

Erin Lee Fisher

Insurance, Collection, Wrongful Death, Elder Law

Status: In Good Standing Licensed: 12 Years

CONTACT

31 E Wood St, Newaygo, MI 49337

Mark C. Miller

Employee Rights, Contract, Credit & Debt, Personal Injury

Status: In Good Standing Licensed: 19 Years

CONTACT

20 E Main St, Fremont, MI 49412

Robert A. Stariha

Other, Estate Planning, Consumer Bankruptcy, Medical Malpractice

Status: In Good Standing Licensed: 46 Years

CONTACT

48 W Main St, Fremont, MI 49412

Timothy R. Trichler

Wills & Probate, Divorce & Family Law, Bankruptcy & Debt

Status: In Good Standing Licensed: 33 Years

CONTACT

2604 Sunnyside Dr., Cadillac, MI 49601

Corey J. Wiggins

Landlord-Tenant, Family Law, Business, Collection

Status: In Good Standing

CONTACT

437 E Division St, Cadillac, MI 49601

800-923-0641

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LEGAL TERMS

AUTOMATIC STAY

An injunction automatically issued by the bankruptcy court when a debtor files for bankruptcy. The automatic stay prohibits most creditor collection activities,... (more...)

An injunction automatically issued by the bankruptcy court when a debtor files for bankruptcy. The automatic stay prohibits most creditor collection activities, such as filing or continuing lawsuits, making written requests for payment, or notifying credit reporting bureaus of an unpaid debt.

PRESUMED ABUSE

In a Chapter 7 bankruptcy, when the debtor's current monthly income exceeds the family median income for his or her state and he or she cannot pass the means te... (more...)

In a Chapter 7 bankruptcy, when the debtor's current monthly income exceeds the family median income for his or her state and he or she cannot pass the means test, the court will presume that the debtor has sufficient income to fund a Chapter 13 plan. In this situation, the debtor will not be allowed to proceed with a Chapter 7 bankruptcy unless the debtor can prove that he or she is not abusing the Chapter 7 bankruptcy remedy.

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.

LIABILITY

(1) The state of being liable--that is, legally responsible for an act or omission. Example:Peri hires Paul to fix a broken pipe in her bathroom, but the new pi... (more...)

(1) The state of being liable--that is, legally responsible for an act or omission. Example:Peri hires Paul to fix a broken pipe in her bathroom, but the new pipe bursts the day after Paul installs it, ruining the bathroom floor. This raises the issue of liability: Who is responsible for the damage? Peri claims that Paul is responsible, and sues him for the cost of hiring another plumber to fix the pipe and replacing the floor. Paul, in turn, claims that the pipe manufacturer is responsible, because they supplied him with faulty materials. Both Peri and Paul must prove their claims in court; if Paul and/or the manufacturer is found liable, one or both will have to pay damages to Peri. (2) Something for which a person is liable. For example, a debt is often called a liability.

NONDISCHARGEABLE DEBTS

Debts that cannot be erased by filing for bankruptcy. If you file for Chapter 7 bankruptcy, these debts will remain when your case is over. If you file for Chap... (more...)

Debts that cannot be erased by filing for bankruptcy. If you file for Chapter 7 bankruptcy, these debts will remain when your case is over. If you file for Chapter 13 bankruptcy, the nondischargeable debts will have to be paid in full during your plan or you will have a balance at the end of your case. Examples of nondischargeable debts include alimony and child support, most income tax debts, many student loans and debts for personal injury or death caused by drunk driving. Compare dischargeable debts.

NONPROFIT CORPORATION

A legal structure authorized by state law allowing people to come together to either benefit members of an organization (a club, or mutual benefit society) or f... (more...)

A legal structure authorized by state law allowing people to come together to either benefit members of an organization (a club, or mutual benefit society) or for some public purpose (such as a hospital, environmental organization or literary society). Nonprofit corporations, despite the name, can make a profit, but the business cannot be designed primarily for profit-making purposes, and the profits must be used for the benefit of the organization or purpose the corporation was created to help. When a nonprofit corporation dissolves, any remaining assets must be distributed to another nonprofit, not to board members. As with for-profit corporations, directors of nonprofit corporations are normally shielded from personal liability for the organization's debts. Some nonprofit corporations qualify for a federal tax exemption under _ 501(c)(3) of the Internal Revenue Code, with the result that contributions to the nonprofit are tax deductible by their donors.

CHAPTER 7 BANKRUPTCY

The most familiar type of bankruptcy, in which many or all of your debts are wiped out completely in exchange for giving up your nonexempt property. Chapter 7 b... (more...)

The most familiar type of bankruptcy, in which many or all of your debts are wiped out completely in exchange for giving up your nonexempt property. Chapter 7 bankruptcy takes from three to six months, costs about $200, and commonly requires only one trip to the courthouse.

NO-FAULT INSURANCE

Car insurance laws that require the insurance companies of each person in an accident to pay for medical bills and lost wages of their insured, up to a certain ... (more...)

Car insurance laws that require the insurance companies of each person in an accident to pay for medical bills and lost wages of their insured, up to a certain amount, regardless of who was at fault. The effect of no-fault insurance laws is to eliminate lawsuits in small accidents. The advantage is the prompt payment of medical bills and expenses. The downsides are that the amounts paid by no-fault policies are often not enough to fully cover a person's losses and that no-fault does not compensate for pain and suffering.

Paris Bankruptcy & Debt Lawyer, Michigan

Sponsored Law Firm

Marrs & Terry, PLLC

SPONSORED LAWYERS

Kevin J. Wistrom

John W. Lewis

Peter M. Jaklevic

Russell E. Lewis

James R. Samuels

Erin Lee Fisher

Mark C. Miller

Robert A. Stariha

Timothy R. Trichler

Corey J. Wiggins

TIPS

LEGAL TERMS

AUTOMATIC STAY

PRESUMED ABUSE

NONEXEMPT PROPERTY

LIABILITY

NONDISCHARGEABLE DEBTS

NONPROFIT CORPORATION

CHAPTER 7 BANKRUPTCY

NO-FAULT INSURANCE

CREDIT FILE

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