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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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Jesse L. Williams

Real Estate, Family Law, Bankruptcy, Personal Injury

Status: In Good Standing Licensed: 19 Years

CONTACT

2899 Benzie Highway, Benzonia, MI 49616

Ronald A. Schuknecht

Motor Vehicle, Dispute Resolution, Criminal, Consumer Bankruptcy

Status: In Good Standing

CONTACT

10799 Sweet Lilac Ln, Interlochen, MI 49643

Lee Eric Ranieri

Health Care Other, Employee Rights, Contract, Credit & Debt, Landlord-Tenant

Status: In Good Standing Licensed: 18 Years

CONTACT

4020 Copper Vw, Traverse City, MI 49684

Brace Edward Kern

Elder Law, Contract, Collection, Defamation & Slander

Status: In Good Standing Licensed: 19 Years

CONTACT

3434 Veterans Dr, Traverse City, MI 49684

Michael Patrick Corcoran

Bankruptcy, Consumer Bankruptcy, Commercial Bankruptcy

Status: In Good Standing Licensed: 40 Years

CONTACT

617 W Front St, Traverse City, MI 49684

Frederick R. Bimber

Landlord-Tenant, Trusts, Employee Rights, Credit & Debt

Status: In Good Standing Licensed: 45 Years

CONTACT

1223 Randolph St, Traverse City, MI 49684

Mark A. Burnheimer

Litigation, Corporate, Commercial Bankruptcy, Medical Malpractice

Status: In Good Standing

CONTACT

10631 E Cherry Bend Rd, Traverse City, MI 49684

Grant W Parsons

Traffic, Transportation & Shipping, Civil Rights, Credit & Debt

Status: In Good Standing Licensed: 39 Years

CONTACT

520 S Union St, Traverse City, MI 49684

Thomas R. Alward

Consumer Bankruptcy

Status: In Good Standing Licensed: 44 Years

CONTACT

202 E State St, Traverse City, MI 49684

Julie A. Gillum

Contract, Collection, Divorce, Construction

Status: In Good Standing Licensed: 32 Years

CONTACT

326 E State St, Traverse City, MI 49684

800-923-0641

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LEGAL TERMS

TOXIC TORT

A personal injury caused by exposure to a toxic substance, such as asbestos or hazardous waste. Victims can sue for medical expenses, lost wages and pain and su... (more...)

A personal injury caused by exposure to a toxic substance, such as asbestos or hazardous waste. Victims can sue for medical expenses, lost wages and pain and suffering.

GRACE PERIOD

A period of time during which you are not required to make payments on a debt. For example, most credit cards give you a grace period of 20-30 days before you h... (more...)

A period of time during which you are not required to make payments on a debt. For example, most credit cards give you a grace period of 20-30 days before you have to pay interest on the amount of your purchases. Cash advances, however, usually have no grace period; interest begins to accumulate from the date of the withdrawal, even if you pay your bills on time. Also, some student loans give you a grace period after graduating or dropping out of school. During this time, you are not required to make payments on your loan.

REDEMPTION

In Chapter 7 bankruptcy, when the debtor obtains legal title to collateral for a debt by paying the creditor the replacement value of the collateral in a lump s... (more...)

In Chapter 7 bankruptcy, when the debtor obtains legal title to collateral for a debt by paying the creditor the replacement value of the collateral in a lump sum. For example, a debtor may redeem a car note by paying the lender the amount a retail vendor would charge for the car, considering its age and condition.

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.

COLLATERAL

Property that guarantees payment of a secured debt.

DISCHARGEABLE DEBTS

Debts that can be erased by going through bankruptcy. Most debts incurred prior to declaring bankruptcy are dischargeable, including back rent, credit card bill... (more...)

Debts that can be erased by going through bankruptcy. Most debts incurred prior to declaring bankruptcy are dischargeable, including back rent, credit card bills and medical bills. Compare nondischargeable debts.

GUARANTEED RESERVATION

A hotel or rental car reservation secured by a credit card number. In exchange for your card number, the hotel or rental agency promises to have a room or vehic... (more...)

A hotel or rental car reservation secured by a credit card number. In exchange for your card number, the hotel or rental agency promises to have a room or vehicle for you no matter when you show up. If you have a guaranteed reservation with a hotel, it must provide you with a room, either at that hotel or at another comparable establishment. If you have a guaranteed reservation with a car agency, it must provide you with a vehicle. The downside of a guaranteed reservation is that if you don't show up and haven't cancelled your reservation, you will be billed for one night in the room or one day's use of the vehicle.

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.

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.

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Frankfort Bankruptcy & Debt Lawyer, Michigan

Sponsored Law Firm

Marrs & Terry, PLLC

SPONSORED LAWYERS

Jesse L. Williams

Ronald A. Schuknecht

Lee Eric Ranieri

Brace Edward Kern

Michael Patrick Corcoran

Frederick R. Bimber

Mark A. Burnheimer

Grant W Parsons

Thomas R. Alward

Julie A. Gillum

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LEGAL TERMS

TOXIC TORT

GRACE PERIOD

REDEMPTION

AUTOMATIC STAY

COLLATERAL

DISCHARGEABLE DEBTS

GUARANTEED RESERVATION

UNDUE HARDSHIP

PREFERENCE

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