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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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Matthew P. Smith

Divorce, Criminal, Bankruptcy

Status: In Good Standing Licensed: 39 Years

CONTACT

Ada, MI 49301

Patricia L. Linscott

Native People, Administrative Law, Business, Consumer Bankruptcy

Status: In Good Standing Licensed: 32 Years

CONTACT

1819 Grand River Dr Ne, Ada, MI 49301

David L. Baatenburg

Industry Specialties, Bankruptcy & Debt

Status: In Good Standing

CONTACT

979 Spaulding Ave Se, Ada, MI 49301

Barbara A. Muller-Wilson

Real Estate, Consumer Rights, Children's Rights, Consumer Bankruptcy

Status: In Good Standing Licensed: 35 Years

CONTACT

979 Spaulding Ave Se, Ada, MI 49301

Barbara Muller-Wilson

Real Estate, Consumer Rights, Children's Rights, Consumer Bankruptcy

Status: In Good Standing

CONTACT

979 Spaulding Ave Se, Ada, MI 49301

Randall R. Grit

Workers' Compensation, Employment, Credit & Debt

Status: In Good Standing Licensed: 37 Years

CONTACT

539 W Abbey Mill Dr Se, Ada, MI 49301

Nicholas George Kacher

Employee Rights, Securities, Bankruptcy, Products Liability, Health Care Other

Status: In Good Standing Licensed: 19 Years

CONTACT

452 Ada Dr Se, Ada, MI 49301

Bonnie S. Lent-Davis

Workers' Compensation, Labor Law, Contract, Bankruptcy

Status: In Good Standing Licensed: 27 Years

CONTACT

Ada, MI 49331

Harold P. Henkel

Estate Planning, Civil & Human Rights, Collection, Products Liability

Status: In Good Standing Licensed: 45 Years

CONTACT

Belmont, MI 49306

Amy Brooke Winkelman

Real Estate, Biotechnology, Antitrust, Consumer Bankruptcy

Status: In Good Standing Licensed: 14 Years

CONTACT

1575 Arboretum Dr Se, Grand Rapids, MI 49546

800-923-0641

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LEGAL TERMS

PRESUMED ABUSE

In a Chapter 7 bankruptcy, when the debtor's current monthly income exceeds the family median income for his or her state and he or she cannot pass the means te... (more...)

In a Chapter 7 bankruptcy, when the debtor's current monthly income exceeds the family median income for his or her state and he or she cannot pass the means test, the court will presume that the debtor has sufficient income to fund a Chapter 13 plan. In this situation, the debtor will not be allowed to proceed with a Chapter 7 bankruptcy unless the debtor can prove that he or she is not abusing the Chapter 7 bankruptcy remedy.

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.

DISCHARGE (OF DEBTS)

A bankruptcy court's erasure of the debts of a person or business that has filed for bankruptcy.

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.

DISPOSABLE INCOME

The difference between a debtor's current monthly income and allowable expenses. This is the amount that the new bankruptcy law deems available to pay into a Ch... (more...)

The difference between a debtor's current monthly income and allowable expenses. This is the amount that the new bankruptcy law deems available to pay into a Chapter 13 plan.

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.

AUTOMATIC STAY

An injunction automatically issued by the bankruptcy court when a debtor files for bankruptcy. The automatic stay prohibits most creditor collection activities,... (more...)

An injunction automatically issued by the bankruptcy court when a debtor files for bankruptcy. The automatic stay prohibits most creditor collection activities, such as filing or continuing lawsuits, making written requests for payment, or notifying credit reporting bureaus of an unpaid debt.

GUARANTOR

A person who makes a legally binding promise to either pay another person's debt or perform another person's duty if that person defaults or fails to perform. T... (more...)

A person who makes a legally binding promise to either pay another person's debt or perform another person's duty if that person defaults or fails to perform. The guarantor gives a 'guaranty,' which is an assurance that the debt or other obligation will be fulfilled.

INFRINGEMENT (OF TRADEMARK)

Unauthorized use of a protected trademark or service mark, or use of something very similar to a protected mark. The success of a lawsuit to stop the infringeme... (more...)

Unauthorized use of a protected trademark or service mark, or use of something very similar to a protected mark. The success of a lawsuit to stop the infringement turns on whether the defendant's use causes a likelihood of confusion in the average consumer. If a court determines that the average consumer would be confused, the owner of the original mark can prevent the other's use of the infringing mark and sometimes collect damages.

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Cannonsburg Bankruptcy & Debt Lawyer, Michigan

Sponsored Law Firm

Marrs & Terry, PLLC

SPONSORED LAWYERS

Matthew P. Smith

Patricia L. Linscott

David L. Baatenburg

Barbara A. Muller-Wilson

Barbara Muller-Wilson

Randall R. Grit

Nicholas George Kacher

Bonnie S. Lent-Davis

Harold P. Henkel

Amy Brooke Winkelman

TIPS

LEGAL TERMS

PRESUMED ABUSE

WINDING UP

DISCHARGE (OF DEBTS)

CURRENT MONTHLY INCOME

DISPOSABLE INCOME

ADMINISTRATIVE EXPENSES

AUTOMATIC STAY

GUARANTOR

INFRINGEMENT (OF TRADEMARK)

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