Spring Lake Bankruptcy & Debt Lawyer, Michigan

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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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Anne Marie VanderBroek

Mediation, Trusts, Elder Law, Collection

Status: In Good Standing Licensed: 4 Years

CONTACT

17190 Van Wagoner Rd, Spring Lake, MI 49456

Ayda Rezaian-Nojani

Collection, Landlord-Tenant, Discrimination, Criminal

Status: In Good Standing Licensed: 8 Years

CONTACT

1111 Fulton Ave, Grand Haven, MI 49417

Bradford W. Springer

Litigation, Lawsuit & Dispute, Employee Rights, Criminal, Collection

Status: In Good Standing Licensed: 17 Years

CONTACT

100 N 3Rd St, Grand Haven, MI 49417

Bradley J. Fisher

Real Estate, Employee Rights, Administrative Law, Bankruptcy

Status: In Good Standing Licensed: 19 Years

CONTACT

100 N 3Rd St, Grand Haven, MI 49417

Brandon Deandre-Blair Davis

Government, Labor Law, Criminal, Collection

Status: In Good Standing Licensed: 11 Years

CONTACT

2743 Henry St, Muskegon, MI 49441

David W. Garrett

Foreclosure, Bankruptcy, Bankruptcy & Debt

Status: In Good Standing

CONTACT

1732 Lakeshore Dr, Muskegon, MI 49441

David Michael Hunter

Elder Law, Corporate, Collection, Personal Injury, Family Law

Status: In Good Standing Licensed: 26 Years

CONTACT

5000 Hakes Dr, Muskegon, MI 49441

David L. Ten Cate

Real Estate, Collection

Status: In Good Standing Licensed: 30 Years

CONTACT

300 Washington Ave, Grand Haven, MI 49417

Fredric F. Balgooyen

Estate Planning, Family Law, Elder Law, Collection

Status: In Good Standing Licensed: 54 Years

CONTACT

1440 Peck St, Muskegon, MI 49441

John P. Hayes

Bankruptcy, Bankruptcy & Debt, Accident & Injury

Status: In Good Standing Licensed: 24 Years

CONTACT

114 N Third St, Grand Haven, MI 49417

800-923-0641

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LEGAL TERMS

PREFERENCE

A payment made by a debtor to a creditor within a defined period prior to filing for bankruptcy -- within three months for arms-length creditors (regular commer... (more...)

A payment made by a debtor to a creditor within a defined period prior to filing for bankruptcy -- within three months for arms-length creditors (regular commercial creditors) and within one year for insider creditors (friends, family members, and business associates). Because a preference gives the creditor who received the payment an edge over other creditors in the bankruptcy case, the trustee can recover the preference (the amount of the payment) and distribute it among all of the creditors.

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.

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.

CREDIT INSURANCE

Insurance a lender requires a borrower to purchase to cover the loan. If the borrower dies or becomes disabled before paying off the loan, the policy will pay o... (more...)

Insurance a lender requires a borrower to purchase to cover the loan. If the borrower dies or becomes disabled before paying off the loan, the policy will pay off the remaining balance. Federal and state consumer protection laws require the lender to disclose to existing and potential borrowers the terms and costs of obtaining credit insurance because it can affect the terms of the loan.

HOUSEHOLDER

A person who supports and maintains a household, with or without other people. In bankruptcy law, a householder, housekeeper or head of household can claim a ho... (more...)

A person who supports and maintains a household, with or without other people. In bankruptcy law, a householder, housekeeper or head of household can claim a homestead exemption and possibly other exemptions relating to the maintenance of the household.

INTEREST

A commission you pay a bank or other creditor for lending you money or extending you credit. An interest rate represents the annual percentage that is added to ... (more...)

A commission you pay a bank or other creditor for lending you money or extending you credit. An interest rate represents the annual percentage that is added to your balance. This means that if your loan or credit line has an interest rate of 8%, the holder adds 8% to the balance each year. More specifically, interest is calculated and added to your loan or credit line through a process called compounding. If interest is compounded daily, the balance will rise by 1/365th of 8% each day. If interest is compounded monthly, the balance will rise 1/12th of 8% at the start of each month.

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.

NONDISCHARGEABLE DEBTS

Debts that cannot be erased by filing for bankruptcy. If you file for Chapter 7 bankruptcy, these debts will remain when your case is over. If you file for Chap... (more...)

Debts that cannot be erased by filing for bankruptcy. If you file for Chapter 7 bankruptcy, these debts will remain when your case is over. If you file for Chapter 13 bankruptcy, the nondischargeable debts will have to be paid in full during your plan or you will have a balance at the end of your case. Examples of nondischargeable debts include alimony and child support, most income tax debts, many student loans and debts for personal injury or death caused by drunk driving. Compare dischargeable debts.

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.

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Spring Lake Bankruptcy & Debt Lawyer, Michigan

Sponsored Law Firm

Marrs & Terry, PLLC

SPONSORED LAWYERS

Anne Marie VanderBroek

Ayda Rezaian-Nojani

Bradford W. Springer

Bradley J. Fisher

Brandon Deandre-Blair Davis

David W. Garrett

David Michael Hunter

David L. Ten Cate

Fredric F. Balgooyen

John P. Hayes

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LEGAL TERMS

PREFERENCE

CHAPTER 7 BANKRUPTCY

LIMITED LIABILITY

CREDIT INSURANCE

HOUSEHOLDER

INTEREST

IRS EXPENSES

NONDISCHARGEABLE DEBTS

BANKRUPTCY

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