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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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Bernard J. Caspar

Criminal, Bankruptcy, Divorce, Social Security -- Disability

Status: Inactive Licensed: 47 Years

CONTACT

1852 S Otsego Ave, Gaylord, MI 49734

Jennifer Eunyoung Sheldon

Wills & Probate, Child Custody, Criminal, Bankruptcy

Status: In Good Standing Licensed: 22 Years

CONTACT

1349 S Otsego Ave, Gaylord, MI 49735

Kevin L. Hesselink

Child Custody, Divorce & Family Law, Criminal, Elder Law, Bankruptcy & Debt

Status: In Good Standing Licensed: 38 Years

CONTACT

2475 Rainswood Dr, Gaylord, MI 49735

William Paul Slough

Litigation, Estate Planning, Consumer Bankruptcy, Bankruptcy

Status: In Good Standing

CONTACT

Gaylord, MI 49734

Peter J. Bernadich

Family Law, Criminal, Consumer Rights, Consumer Bankruptcy

Status: In Good Standing Licensed: 17 Years

CONTACT

5374 W M 32, Gaylord, MI 49735

Larissa Z. Waltman

Commercial Real Estate, Dispute Resolution, Welfare, Business, Bankruptcy

Status: In Good Standing Licensed: 25 Years

CONTACT

257 S Wisconsin Ave, Gaylord, MI 49735

George J. Mertz

Criminal, Collection, Litigation

Status: In Good Standing Licensed: 23 Years

CONTACT

225 W Main St, Gaylord, MI 49735

Karl A. H. Bohnhoff

Family Law, Bankruptcy

Status: Inactive Licensed: 57 Years

CONTACT

10401 Country Club Dr, Mancelona, MI 49659

Daniel S. Gerow

Estate Planning, Family Law, Criminal, Bankruptcy

Status: In Good Standing

CONTACT

1110 Stonecliff, Boyne City, MI 49712

Daniel S. Gerow

Farms, DUI-DWI, Consumer Bankruptcy, Bankruptcy

Status: In Good Standing Licensed: 41 Years

CONTACT

1110 Stonecliff, Boyne City, MI 49712

800-923-0641

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LEGAL TERMS

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.

LIQUIDATING PARTNER

The member of an insolvent or dissolving partnership responsible for paying the debts and settling the accounts of the partnership.

FAIR LABOR STANDARDS ACT (FLSA)

A federal law that guarantees a worker's right to be paid fairly. The FLSA defines the 40-hour workweek, sets out the federal minimum wage, states requirements ... (more...)

A federal law that guarantees a worker's right to be paid fairly. The FLSA defines the 40-hour workweek, sets out the federal minimum wage, states requirements for overtime and places restrictions on child labor.

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.

WORKOUT

A debtor's plan to take care of a debt, by paying it off or through loan forgiveness. Workouts are often created to avoid bankruptcy or foreclosure proceedings.

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.

MEANS TEST

A formula that uses predefined income and expense categories to determine whether a debtor whose current monthly income is higher than the median family income ... (more...)

A formula that uses predefined income and expense categories to determine whether a debtor whose current monthly income is higher than the median family income for his or her state should be allowed to file for Chapter 7 bankruptcy.

FAIR CREDIT BILLING ACT (FCBA)

A federal law that gives you rights when an error occurs on your credit card statement. You must notify the credit card company of the mistake within 60 days af... (more...)

A federal law that gives you rights when an error occurs on your credit card statement. You must notify the credit card company of the mistake within 60 days after it mailed the bill to you. The company must then correct the mistake, or at least acknowledge receipt of your letter within 30 days, and must correct the error within 90 days or explain why it believes the credit card statement is correct.

MEETING OF CREDITORS

A meeting held with the bankruptcy trustee about a month after you file for bankruptcy. You must attend. The trustee reviews your bankruptcy papers and asks a f... (more...)

A meeting held with the bankruptcy trustee about a month after you file for bankruptcy. You must attend. The trustee reviews your bankruptcy papers and asks a few questions. In a Chapter 7, the meeting of creditors lasts a few minutes and rarely do any creditors show up. In a Chapter 13 bankruptcy, one or two creditors may attend, especially if they disagree with some provision of your repayment plan.

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Gaylord Bankruptcy & Debt Lawyer, Michigan

Sponsored Law Firm

Marrs & Terry, PLLC

SPONSORED LAWYERS

Bernard J. Caspar

Jennifer Eunyoung Sheldon

Kevin L. Hesselink

William Paul Slough

Peter J. Bernadich

Larissa Z. Waltman

George J. Mertz

Karl A. H. Bohnhoff

Daniel S. Gerow

Daniel S. Gerow

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LEGAL TERMS

CURRENT MONTHLY INCOME

LIQUIDATING PARTNER

FAIR LABOR STANDARDS ACT (FLSA)

CHAPTER 13 BANKRUPTCY

WORKOUT

PREFERENCE

MEANS TEST

FAIR CREDIT BILLING ACT (FCBA)

MEETING OF CREDITORS

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