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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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Chadi Hani Habib

Government Contract, Workers' Compensation, Contract, Credit & Debt

Status: In Good Standing Licensed: 22 Years

CONTACT

7733 Schaefer Rd, Dearborn, MI 48126

Robert P. Coutts

Family Law, Criminal, Credit & Debt, Bankruptcy

Status: In Good Standing Licensed: 34 Years

CONTACT

7445 Allen Rd, Allen Park, MI 48101

James Michael Menna

Landlord-Tenant, Trusts, Divorce, Credit & Debt

Status: In Good Standing Licensed: 24 Years

CONTACT

3173 Biddle Ave, Wyandotte, MI 48192

Michael J. Thomas

Landlord-Tenant, Foreclosure, Contract, Credit & Debt

Status: In Good Standing

CONTACT

615 Griswold St, Detroit, MI 48226

Stephen P. Stella

Landlord-Tenant, Contract, Banking & Finance, Credit & Debt

Status: In Good Standing Licensed: 43 Years

CONTACT

645 Griswold St, Detroit, MI 48226

Richard L. Banta

Medical Products & Devices, Divorce, Discrimination, Credit & Debt

Status: In Good Standing Licensed: 38 Years

CONTACT

78 Forest St, River Rouge, MI 48218

Linda G. Anderson

Landlord-Tenant, Real Estate, Estate Planning, Contract, Credit & Debt

Status: In Good Standing Licensed: 32 Years

CONTACT

13407 Farmington Rd, Livonia, MI 48150

Eleanor Cattron Smith

Bankruptcy & Debt, Divorce & Family Law, DUI-DWI, Credit & Debt

Status: In Good Standing Licensed: 45 Years

CONTACT

19500 Middlebelt Road, Livonia, MI 48152

Deano Carlos Ware

Landlord-Tenant, Discrimination, Contract, Credit & Debt

Status: In Good Standing Licensed: 21 Years

CONTACT

325 Merton Rd, Highland Park, MI 48203

Ronald D. Ambrose

Traffic, Federal Appellate Practice, Criminal, Credit & Debt

Status: In Good Standing

CONTACT

16818 Farmington Rd, Livonia, MI 48154

800-923-0641

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LEGAL TERMS

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.

UNDUE HARDSHIP

The circumstances in which a debtor may discharge a student loan in bankruptcy. For example, a debtor who has no income and little chance of earning enough in t... (more...)

The circumstances in which a debtor may discharge a student loan in bankruptcy. For example, a debtor who has no income and little chance of earning enough in the future to pay off the loan may be able to show that repayment would be an undue hardship.

ABUSE

Misuse of the Chapter 7 bankruptcy remedy. This term is typically applied to Chapter 7 bankruptcy filings that should have been filed under Chapter 13, because ... (more...)

Misuse of the Chapter 7 bankruptcy remedy. This term is typically applied to Chapter 7 bankruptcy filings that should have been filed under Chapter 13, because the debtor appears to have enough disposable income to fund a Chapter 13 repayment plan.

GRACE PERIOD

A period of time during which you are not required to make payments on a debt. For example, most credit cards give you a grace period of 20-30 days before you h... (more...)

A period of time during which you are not required to make payments on a debt. For example, most credit cards give you a grace period of 20-30 days before you have to pay interest on the amount of your purchases. Cash advances, however, usually have no grace period; interest begins to accumulate from the date of the withdrawal, even if you pay your bills on time. Also, some student loans give you a grace period after graduating or dropping out of school. During this time, you are not required to make payments on your loan.

DISCHARGEABLE DEBTS

Debts that can be erased by going through bankruptcy. Most debts incurred prior to declaring bankruptcy are dischargeable, including back rent, credit card bill... (more...)

Debts that can be erased by going through bankruptcy. Most debts incurred prior to declaring bankruptcy are dischargeable, including back rent, credit card bills and medical bills. Compare nondischargeable debts.

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.

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.

BANKRUPTCY TRUSTEE

A person appointed by the court to oversee the case of a person or business that has filed for bankruptcy. In a consumer Chapter 7 case, the trustee's role is t... (more...)

A person appointed by the court to oversee the case of a person or business that has filed for bankruptcy. In a consumer Chapter 7 case, the trustee's role is to gather the debtor's nonexempt property, liquidate it and distribute it proportionally to her creditors. In a Chapter 13 case, the trustee's role is to receive the debtor's monthly payments and distribute them proportionally to her creditors.

Dearborn Credit & Debt Lawyer, Michigan

Sponsored Law Firm

Marrs & Terry, PLLC

SPONSORED LAWYERS

Chadi Hani Habib

Robert P. Coutts

James Michael Menna

Michael J. Thomas

Stephen P. Stella

Richard L. Banta

Linda G. Anderson

Eleanor Cattron Smith

Deano Carlos Ware

Ronald D. Ambrose

TIPS

LEGAL TERMS

BANKRUPTCY

UNDUE HARDSHIP

ABUSE

GRACE PERIOD

DISCHARGEABLE DEBTS

IRS EXPENSES

CHAPTER 13 BANKRUPTCY

BANKRUPTCY TRUSTEE

FCBA

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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