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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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Daniel Cline

Cogeneration, Corporate, Reorganization, Bankruptcy

Status: In Good Standing

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1885 W. Tranquil Trail, Midland, MI 48640

Andrew Jay Tierman

Public Schools, Consumer Rights, Elder Law, Consumer Bankruptcy

Status: In Good Standing Licensed: 51 Years

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5581 Tamarix Ln, Saginaw, MI 48603

Colin Matthew Dill

Estate Planning, Divorce & Family Law, Elder Law, Consumer Bankruptcy

Status: In Good Standing Licensed: 17 Years

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4855 State St, Saginaw, MI 48603

Seth Michael Bierlein

Trusts, Divorce, Bankruptcy, Wrongful Death

Status: In Good Standing Licensed: 9 Years

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8799 Cottonwood Dr, Freeland, MI 48623

Joshua M. Reinert

Education, Litigation, Social Security, Bankruptcy, Bankruptcy & Debt

Status: In Good Standing Licensed: 21 Years

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3434 Davenport Ave, Saginaw, MI 48602

Thomas W. Mcdonald

Bankruptcy

Status: In Good Standing Licensed: 44 Years

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3144 Davenport Ave, Saginaw, MI 48602

Ashley R. Garchow

Landlord-Tenant, Federal Appellate Practice, Contract, Collection

Status: In Good Standing Licensed: 20 Years

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300 Rodd Street, Midland, MI 48640

Michael C. Weiss

Medicare & Medicaid, Family Law, Elder Law, Credit & Debt

Status: In Good Standing Licensed: 47 Years

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2 Berger Rd, Saginaw, MI 48602

W. Jay Brown

Construction, Contract, Credit & Debt, Defamation & Slander

Status: In Good Standing

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414 Townsend St, Midland, MI 48640

Jay W. Brown

Contract, Credit & Debt, Defamation & Slander, Construction

Status: In Good Standing Licensed: 26 Years

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414 Townsend St, Midland, MI 48640

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LEGAL TERMS

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.

FCBA

See Fair Credit Billing Act.

LIABILITY

(1) The state of being liable--that is, legally responsible for an act or omission. Example:Peri hires Paul to fix a broken pipe in her bathroom, but the new pi... (more...)

(1) The state of being liable--that is, legally responsible for an act or omission. Example:Peri hires Paul to fix a broken pipe in her bathroom, but the new pipe bursts the day after Paul installs it, ruining the bathroom floor. This raises the issue of liability: Who is responsible for the damage? Peri claims that Paul is responsible, and sues him for the cost of hiring another plumber to fix the pipe and replacing the floor. Paul, in turn, claims that the pipe manufacturer is responsible, because they supplied him with faulty materials. Both Peri and Paul must prove their claims in court; if Paul and/or the manufacturer is found liable, one or both will have to pay damages to Peri. (2) Something for which a person is liable. For example, a debt is often called a liability.

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.

REAFFIRMATION

An agreement that a debtor and a creditor enter into after a debtor has filed for bankruptcy, in which the debtor agrees to repay all or part of an existing deb... (more...)

An agreement that a debtor and a creditor enter into after a debtor has filed for bankruptcy, in which the debtor agrees to repay all or part of an existing debt after the bankruptcy case is over. For instance, a debtor might make a reaffirmation agreement with the holder of a car note that the debtor can keep the car and must continue to pay the debt after bankruptcy.

CREDITOR

A person or entity (such as a bank) to whom a debt is owed.

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.

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.

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.

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Hemlock Bankruptcy & Debt Lawyer, Michigan

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Marrs & Terry, PLLC

SPONSORED LAWYERS

Daniel Cline

Andrew Jay Tierman

Colin Matthew Dill

Seth Michael Bierlein

Joshua M. Reinert

Thomas W. Mcdonald

Ashley R. Garchow

Michael C. Weiss

W. Jay Brown

Jay W. Brown

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LEGAL TERMS

DISPOSABLE INCOME

FCBA

LIABILITY

NONEXEMPT PROPERTY

REAFFIRMATION

CREDITOR

IRS EXPENSES

ADMINISTRATIVE EXPENSES

FAIR LABOR STANDARDS ACT (FLSA)

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