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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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Includes: Bankruptcy Litigation, Commercial Bankruptcy, Consumer Bankruptcy, Dissolution

Jeffrey J Dufon

Traffic, Bankruptcy, White Collar Crime, DUI-DWI

Status: In Good Standing

FREE CONSULTATION

CONTACT

480 West Lovell Street, Kalamazoo, MI 49007

Albert W. Laaksonen

Real Estate, Estate Planning, Criminal, Consumer Bankruptcy

Status: In Good Standing Licensed: 34 Years

CONTACT

226 1/2 E Michigan Ave, Paw Paw, MI 49079

Imants M. Minka

Litigation, Estate Planning, Business, Consumer Bankruptcy

Status: In Good Standing

CONTACT

5985 W Main St, Kalamazoo, MI 49009

Brian E. Weiss

Estate, Employee Rights, Business, Consumer Bankruptcy

Status: In Good Standing Licensed: 30 Years

CONTACT

5659 Stadium Dr, Kalamazoo, MI 49009

Allison Greenlee Korr

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

Status: In Good Standing Licensed: 15 Years

CONTACT

902 S Westnedge Ave, Kalamazoo, MI 49008

John D. Bradshaw

Election & Political, Business, Collection, Consumer Bankruptcy

Status: In Good Standing Licensed: 39 Years

CONTACT

107 W Michigan Ave, Kalamazoo, MI 49005

Rachel Renee Suhrbier

Family Law, Divorce & Family Law, Consumer Rights, Consumer Bankruptcy

Status: In Good Standing Licensed: 11 Years

CONTACT

151 S Rose St, Kalamazoo, MI 49007

Donald L. R. Roberts

Lawsuit & Dispute, Gift Taxation, Elder Law, Consumer Bankruptcy

Status: In Good Standing Licensed: 39 Years

CONTACT

201 W Kalamazoo Ave, Kalamazoo, MI 49007

Tyrone G. Fleeman

Landlord-Tenant, Consumer Rights, Collection, Consumer Bankruptcy

Status: In Good Standing Licensed: 29 Years

CONTACT

107 W Michigan Ave, Kalamazoo, MI 49007

Roxanne C. Seeber

Real Estate, Municipal, Limited Liability Companies, Consumer Bankruptcy

Status: In Good Standing Licensed: 30 Years

CONTACT

470 W Centre Ave, Portage, MI 49024

800-923-0641

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LEGAL TERMS

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.

CREDIT COUNSELING

Counseling that explores the possibility of repaying debts outside of bankruptcy and educates the debtor about credit, budgeting, and financial management. Unde... (more...)

Counseling that explores the possibility of repaying debts outside of bankruptcy and educates the debtor about credit, budgeting, and financial management. Under the new bankruptcy law, a debtor must undergo credit counseling with an approved provider before filing for bankruptcy.

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.

LIMITED PARTNERSHIP

A business structure that allows one or more partners (called limited partners) to enjoy limited personal liability for partnership debts while another partner ... (more...)

A business structure that allows one or more partners (called limited partners) to enjoy limited personal liability for partnership debts while another partner or partners (called general partners) have unlimited personal liability. The key difference between a general and limited partner concerns management decision making--general partners run the business, and limited partners, who are usually passive investors, are not allowed to make day-to-day business decisions. If they do, they risk being treated as general partners with unlimited personal liability.

LIMITED LIABILITY

The maximum amount a business owner can lose if the business is subject to debts, claims or other liabilities. An owner of a limited liability company (LLC) or ... (more...)

The maximum amount a business owner can lose if the business is subject to debts, claims or other liabilities. An owner of a limited liability company (LLC) or a person who invests in a corporation (a shareholder) generally stands to lose only the amount of money invested in the business. This means that if the business folds, creditors cannot seize or sell an owner's home, car, or other personal assets.

FDCPA

See Fair Debt Collections & Practices Act.

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).

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.

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.

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Bangor Bankruptcy Lawyer, Michigan

Sponsored Law Firm

Marrs & Terry, PLLC

SPONSORED LAWYERS

Jeffrey J Dufon

Albert W. Laaksonen

Imants M. Minka

Brian E. Weiss

Allison Greenlee Korr

John D. Bradshaw

Rachel Renee Suhrbier

Donald L. R. Roberts

Tyrone G. Fleeman

Roxanne C. Seeber

TIPS

LEGAL TERMS

NONDISCHARGEABLE DEBTS

CREDIT COUNSELING

AUTOMATIC STAY

LIMITED PARTNERSHIP

LIMITED LIABILITY

FDCPA

LIEN

CURRENT MONTHLY INCOME

PRESUMED ABUSE

SAMPLE LEGAL CASES

RDM Holdings, Ltd. v. Continental Plastics Co.

Gulf Underwriters Ins. Co. v. McCLAIN INDUSTRIES, INC.

MICHIGAN COMMERCE BANK v. PALMS INVESTMENTS, LLC

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