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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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Dennis W. Fliehman

Estate Planning, Estate, Reorganization, Workers' Compensation

Status: In Good Standing Licensed: 46 Years

CONTACT

1140 Blanchette Dr, East Lansing, MI 48823

Ronald D. Kregel

Real Estate, Collection

Status: In Good Standing Licensed: 52 Years

CONTACT

5249 E Hidden Lake Dr, East Lansing, MI 48823

Richard S. Hagerstrom

Bankruptcy & Debt, Criminal, Divorce & Family Law, Immigration, DUI-DWI

Status: In Good Standing Licensed: 27 Years

CONTACT

1410 Fairoaks Ct, East Lansing, MI 48823

James B. Croom

Real Estate, Banking & Finance, Business, Bankruptcy

Status: In Good Standing Licensed: 44 Years

CONTACT

615 Southlawn Ave, East Lansing, MI 48823

George M. Brookover

Industry Specialties, Civil & Human Rights, Business, Bankruptcy & Debt

Status: In Good Standing Licensed: 49 Years

CONTACT

1005 Abbot Rd, East Lansing, MI 48823

Michael J. Panek

Real Estate, Industry Specialties, Estate, Bankruptcy & Debt

Status: In Good Standing Licensed: 51 Years

CONTACT

1959 Wembley Way, East Lansing, MI 48823

Ted W. Stroud

Litigation, Contract, Collection, Medical Malpractice

Status: In Good Standing

CONTACT

200 Woodland Pass, East Lansing, MI 48823

Steven L. Birn

Lawsuit & Dispute, Business, Bankruptcy & Debt, Accident & Injury

Status: In Good Standing Licensed: 21 Years

CONTACT

333 Albert Ave, East Lansing, MI 48823

Jonathan Curtis Mizer

Federal Appellate Practice, Estate Planning, Business, Collection

Status: In Good Standing Licensed: 19 Years

CONTACT

East Lansing, MI 48826

Timothy Dale Mckinzie

Bankruptcy & Debt, Bankruptcy

Status: In Good Standing

CONTACT

121 Burcham Drive, East Lansing, MI 48823

800-923-0641

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LEGAL TERMS

GENERAL PARTNER

A person who joins with at least one other to own and operate a business for profit -- and who (unlike a corporation's owners), is personally liable for all the... (more...)

A person who joins with at least one other to own and operate a business for profit -- and who (unlike a corporation's owners), is personally liable for all the business's debts and obligations. A general partner's actions can legally bind the entire business. See also partnership, limited partnership.

TRUTH IN LENDING ACT (TILA)

A federal law that requires credit and charge card companies to disclose interest rates and other information about an account. It also requires lenders to disc... (more...)

A federal law that requires credit and charge card companies to disclose interest rates and other information about an account. It also requires lenders to disclose the terms of a loan, including the total amount of the loan, the annual interest rate and the number, amount and due dates of all payments necessary to repay the loan. The TILA requires additional disclosures and places many restrictions on mortgages.

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.

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.

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.

NO-FAULT INSURANCE

Car insurance laws that require the insurance companies of each person in an accident to pay for medical bills and lost wages of their insured, up to a certain ... (more...)

Car insurance laws that require the insurance companies of each person in an accident to pay for medical bills and lost wages of their insured, up to a certain amount, regardless of who was at fault. The effect of no-fault insurance laws is to eliminate lawsuits in small accidents. The advantage is the prompt payment of medical bills and expenses. The downsides are that the amounts paid by no-fault policies are often not enough to fully cover a person's losses and that no-fault does not compensate for pain and suffering.

DEFINED CONTRIBUTION PLAN

A type of pension plan that does not guarantee any particular pension amount upon retirement. Instead, the employer pays into the pension fund a certain amount ... (more...)

A type of pension plan that does not guarantee any particular pension amount upon retirement. Instead, the employer pays into the pension fund a certain amount every month, or every year, for each employee. The employer usually pays a fixed percentage of an employee's wages or salary, although sometimes the amount is a fraction of the company's profits, with the size of each employee's pension share depending on the amount of wage or salary. Upon retirement, each employee's pension is determined by how much was contributed to the fund on behalf of that employee over the years, plus whatever earnings that money has accumulated as part of the investments of the entire pension fund.

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.

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Saint Johns Bankruptcy & Debt Lawyer, Michigan, page 3

Sponsored Law Firm

Marrs & Terry, PLLC

SPONSORED LAWYERS

Dennis W. Fliehman

Ronald D. Kregel

Richard S. Hagerstrom

James B. Croom

George M. Brookover

Michael J. Panek

Ted W. Stroud

Steven L. Birn

Jonathan Curtis Mizer

Timothy Dale Mckinzie

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LEGAL TERMS

GENERAL PARTNER

TRUTH IN LENDING ACT (TILA)

CHAPTER 13 BANKRUPTCY

LIEN

CURRENT MONTHLY INCOME

NONEXEMPT PROPERTY

NO-FAULT INSURANCE

DEFINED CONTRIBUTION PLAN

PRIORITY DEBT

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