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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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Imants M. Minka

Litigation, Estate Planning, Business, Consumer Bankruptcy

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5985 W Main St, Kalamazoo, MI 49009

Kristin K. E. Marschner

Estate Planning, Labor Law, Administrative Law, Credit & Debt

Status: Licensed: 18 Years

CONTACT

6942 Asher Trl, Kalamazoo, MI 49009

Eric Dixon Dye

Personal Injury, Reorganization, Administrative Law, Workers' Compensation

Status: Licensed: 18 Years

CONTACT

1521 Academy St, Kalamazoo, MI 49006

Courtney K. Roberts

Real Estate, Federal Appellate Practice, Bankruptcy, Animal Bite

Status: Licensed: 23 Years

CONTACT

Kalamazoo, MI 49005

Dorphine E. Payne

Collection, Children's Rights, Criminal

Status: Licensed: 26 Years

CONTACT

834 King Hwy, Kalamazoo, MI 49001

Maximiliano A. Pla-Mendez

International Other, Estate Planning, Elder Law, Consumer Bankruptcy

Status: Licensed: 10 Years

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137 N Park St, Kalamazoo, MI 49007

Joseph C. Mccully

Family Law, Criminal, Consumer Bankruptcy, Bankruptcy

Status: Licensed: 48 Years

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Kalamazoo, MI 49019

Ragan Savara

Consumer Rights, Consumer Bankruptcy

Status: Licensed: 19 Years

CONTACT

315 S Rose St, Kalamazoo, MI 49007

Robert L Redmond

Workers' Compensation, Employment, Bankruptcy, Bankruptcy & Debt

Status: Licensed: 31 Years

CONTACT

480 W Lovell St, Kalamazoo, MI 49007

Roger J. Bus

Foreclosure, Lawsuit & Dispute, Wills & Probate, Insurance, Bankruptcy & Debt

Status: Licensed: 46 Years

CONTACT

903 E Cork St, Kalamazoo, MI 49001

800-814-6700

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LEGAL TERMS

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.

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.

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.

WINDING UP

The process of paying off expenses and creditors, settling accounts, and collecting and distributing (to shareholders and owners) whatever assets then remain, a... (more...)

The process of paying off expenses and creditors, settling accounts, and collecting and distributing (to shareholders and owners) whatever assets then remain, all with the ultimate goal of liquidating or closing down a corporation or partnership.

CCCS

See Consumer Credit Counseling Service.

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.

COLLATERAL

Property that guarantees payment of a secured debt.

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.

BULK SALES LAW

A law that regulates the transfer of business assets so that business owners cannot dispose of assets in order to avoid creditors. If a business owner wants to ... (more...)

A law that regulates the transfer of business assets so that business owners cannot dispose of assets in order to avoid creditors. If a business owner wants to conduct a bulk sale of business assets -- that is, get rid of an unusually large amount of inventory, merchandise or equipment -- the business owner must typically publish a notice of the sale and give written notice to creditors. Then, the owner must set up an account to hold the funds from the sale for a brief period of time during which creditors may make claims against the money. The prohibition against bulk sales is spelled out in the Uniform Commercial Code -- and laws modeled on the UCC have been generally adopted throughout the country.

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Plainwell Bankruptcy & Debt Lawyer, Michigan, page 2

Sponsored Law Firm

Marrs & Terry, PLLC

SPONSORED LAWYERS

Imants M. Minka

Kristin K. E. Marschner

Eric Dixon Dye

Courtney K. Roberts

Dorphine E. Payne

Maximiliano A. Pla-Mendez

Joseph C. Mccully

Ragan Savara

Robert L Redmond

Roger J. Bus

TIPS

LEGAL TERMS

CHAPTER 13 PLAN

LIMITED PARTNERSHIP

SECURED DEBT

WINDING UP

CCCS

REAFFIRMATION

COLLATERAL

ABUSE

BULK SALES LAW

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