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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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C Mark Stoppels

Business Organization, Collection, Banking & Finance, Wills & Probate

Status: In Good Standing

CONTACT

825 Parchment Drive S. E., Grand Rapids, MI 49546

Robert L. Byington

Workers' Compensation, Contract, Collection, Wrongful Death, Household Mold

Status: In Good Standing Licensed: 47 Years

CONTACT

222 W Apple St, Hastings, MI 49058

Eric Alexander Byington

Social Security, Workers' Compensation, Contract, Collection

Status: In Good Standing Licensed: 10 Years

CONTACT

222 W Apple St, Hastings, MI 49058

James David-Nguyen Lance

Trusts, Elder Law, Contract, Collection

Status: In Good Standing Licensed: 19 Years

CONTACT

1 Michigan Ave W, Battle Creek, MI 49017

David E. Gilbert

Family Law, Divorce & Family Law, Criminal, Collection

Status: In Good Standing Licensed: 36 Years

CONTACT

161 E Michigan Ave, Battle Creek, MI 49014

Leif Midgorden

Family Law, Collection, Elder Law, Real Estate

Status: In Good Standing

CONTACT

123 Territorial Rd W, Battle Creek, MI 49015

David Lee Hunter

Divorce, Contract, Collection, Bankruptcy

Status: In Good Standing Licensed: 19 Years

CONTACT

601 S Shore Dr, Battle Creek, MI 49014

Sidney Simone Wiltshire

Collection, Criminal

Status: In Good Standing

CONTACT

190 E Michigan Ave, Battle Creek, MI 49014

Kenneth D. Bobo

Real Estate, Estate Planning, Criminal, Collection

Status: In Good Standing Licensed: 39 Years

CONTACT

1421 Healy St, Kalamazoo, MI 49048

Dorphine E. Payne

Collection, Children's Rights, Criminal

Status: In Good Standing Licensed: 25 Years

CONTACT

834 King Hwy, Kalamazoo, MI 49001

800-923-0641

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LEGAL TERMS

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.

TRADE DRESS

The distinctive packaging or design of a product that promotes the product and distinguishes it from other products in the marketplace -- for example, the shape... (more...)

The distinctive packaging or design of a product that promotes the product and distinguishes it from other products in the marketplace -- for example, the shape of Frangelico liqueur bottles. Trade dress can be protected under trademark law if a showing can be made that the average consumer would likely be confused as to product origin if another product were allowed to appear in similar dress.

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.

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.

401(K) PLAN

A deferred compensation savings program in which employees invest part of their wages, sometimes along with employer contributions, to save on taxes. No income ... (more...)

A deferred compensation savings program in which employees invest part of their wages, sometimes along with employer contributions, to save on taxes. No income taxes on the amount invested and any earnings are due until the employee withdraws money from the fund.

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.

FRAUDULENT TRANSFER

In a bankruptcy case, a transfer of property to another for less than the property's value for the purpose of hiding the property from the bankruptcy trustee --... (more...)

In a bankruptcy case, a transfer of property to another for less than the property's value for the purpose of hiding the property from the bankruptcy trustee -- for instance, when a debtor signs a car over to a relative to keep it out of the bankruptcy estate. Fraudulently transferred property can be recovered and sold by the trustee for the benefit of the creditors.

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.

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.

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Dowling Collection Lawyer, Michigan

Sponsored Law Firm

Marrs & Terry, PLLC

SPONSORED LAWYERS

C Mark Stoppels

Robert L. Byington

Eric Alexander Byington

James David-Nguyen Lance

David E. Gilbert

Leif Midgorden

David Lee Hunter

Sidney Simone Wiltshire

Kenneth D. Bobo

Dorphine E. Payne

TIPS

LEGAL TERMS

SECURED DEBT

TRADE DRESS

ADMINISTRATIVE EXPENSES

CHAPTER 13 PLAN

401(K) PLAN

UNDUE HARDSHIP

FRAUDULENT TRANSFER

REAFFIRMATION

CHAPTER 7 BANKRUPTCY

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