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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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Thomas Paluchniak

Collection, Consumer Bankruptcy, Commercial Bankruptcy, Bankruptcy

Status: In Good Standing

CONTACT

712 Stanley St, Ypsilanti, MI 48198

Daniel James Duchene

Municipal, Family Law, Contract, Collection

Status: In Good Standing Licensed: 11 Years

CONTACT

204 S Highlander Way, Howell, MI 48843

David J. Reader

Litigation, Family Law, Criminal, Collection

Status: In Good Standing Licensed: 48 Years

CONTACT

204 S Highlander Way, Howell, MI 48843

Tara A. Black

Contract, Collection, Elder Law, Divorce

Status: In Good Standing Licensed: 18 Years

CONTACT

704 E Grand River Ave, Howell, MI 48843

David T. Bittner

Divorce, Contract, Collection, Personal Injury

Status: In Good Standing Licensed: 32 Years

CONTACT

710 E Grand River Ave, Howell, MI 48843

Laura M. Dudley

Criminal, Collection

Status: In Good Standing Licensed: 23 Years

CONTACT

4237 Merriman Loop, Howell, MI 48843

Steven M. Dodge

Litigation, Deportation, Criminal, Collection

Status: In Good Standing Licensed: 37 Years

CONTACT

7960 Grand River Rd, Brighton, MI 48114

Michael Murray

Criminal, Native People, Civil & Human Rights, Collection

Status: In Good Standing Licensed: 49 Years

CONTACT

1100 W Grand River Ave, Okemos, MI 48864

Michael C. Van Huysse

Litigation, Federal Appellate Practice, Family Law, Collection

Status: In Good Standing

CONTACT

2160 Hamilton Rd, Okemos, MI 48864

Bruce A. Timmons

Family Law, Elder Law, Administrative Law, Collection

Status: In Good Standing

CONTACT

2147 Tamarack Dr, Okemos, MI 48864

800-923-0641

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LEGAL TERMS

PRIORITY DEBT

A type of debt that is paid first if there are distributions made from the bankruptcy estate in a Chapter 7 bankruptcy, and must be paid in full in a Chapter 13... (more...)

A type of debt that is paid first if there are distributions made from the bankruptcy estate in a Chapter 7 bankruptcy, and must be paid in full in a Chapter 13 bankruptcy. Priority debts include alimony and child support, fees owed to the trustee and the attorney in the bankruptcy case, and wages owed to employees.

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.

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.

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.

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.

SOLE PROPRIETORSHIP

A business owned and managed by one person (or for tax purposes, a husband and wife). For IRS purposes, a sole proprietor and her business are one tax entity, m... (more...)

A business owned and managed by one person (or for tax purposes, a husband and wife). For IRS purposes, a sole proprietor and her business are one tax entity, meaning that business profits are reported and taxed on the owner's personal tax return. Setting up a sole proprietorship is cheap and easy since no legal formation documents need be filed with any governmental agency (although tax registration and other permit and license requirements may still apply). Once you file a fictitious name statement (assuming you don't use your own name) and obtain any required basic tax permits and business licenses, you'll be in business. The main downside of a sole proprietorship is that its owner is personally liable for all business debts.

NUISANCE FEES

Money charged by some credit card companies to increase their profits when you fail to use the card the way the creditor wants. Examples include late payment fe... (more...)

Money charged by some credit card companies to increase their profits when you fail to use the card the way the creditor wants. Examples include late payment fees, inactivity fees and fees for not carrying a balance from month to month. It's best to shop around and get rid of cards that have these fees attached.

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.

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.

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Fowlerville Collection Lawyer, Michigan

Sponsored Law Firm

Marrs & Terry, PLLC

SPONSORED LAWYERS

Thomas Paluchniak

Daniel James Duchene

David J. Reader

Tara A. Black

David T. Bittner

Laura M. Dudley

Steven M. Dodge

Michael Murray

Michael C. Van Huysse

Bruce A. Timmons

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LEGAL TERMS

PRIORITY DEBT

WORKOUT

ADMINISTRATIVE EXPENSES

BANKRUPTCY TRUSTEE

LIMITED LIABILITY

SOLE PROPRIETORSHIP

NUISANCE FEES

NONEXEMPT PROPERTY

UNDUE HARDSHIP

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