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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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Patricia A. Johnson

Landlord-Tenant, Estate, Divorce & Family Law, Bankruptcy & Debt

Status: In Good Standing Licensed: 33 Years

CONTACT

Haslett, MI 48840

Barnet George Levine

Foreclosure, Family Law, Contract, Credit & Debt

Status: In Good Standing Licensed: 10 Years

CONTACT

5454 Jessalee Cir, East Lansing, MI 48823

Kenneth U. Lucas

Real Estate, Employment, Business, Commercial Bankruptcy

Status: In Good Standing

CONTACT

200 Woodland Pass, East Lansing, MI 48823

Brian C. Titus

Real Estate, Banking & Finance, Business, Consumer Bankruptcy

Status: In Good Standing Licensed: 31 Years

CONTACT

241 E Saginaw St, East Lansing, MI 48823

Francis X. Hathaway

Family Law, Criminal, Business, Bankruptcy, Bankruptcy & Debt

Status: In Good Standing

CONTACT

121 Burcham Drive, East Lansing, MI 48823

William L. Logan

Commercial Real Estate, Public Utilities, Banking & Finance, Consumer Bankruptcy

Status: In Good Standing Licensed: 34 Years

CONTACT

313 Droste Circle, East Lansing, MI 48823

Kelly Michelle Fletcher

Immigration, Estate, Contract, Bankruptcy

Status: In Good Standing Licensed: 19 Years

CONTACT

121 Burcham Dr, East Lansing, MI 48823

Alan L. Canady

Election & Political, Government, Religious Discrimination, Reorganization

Status: In Good Standing Licensed: 42 Years

CONTACT

East Lansing, MI 48826

Andrew J. Gerdes

Real Estate, Business, Credit & Debt, Collection

Status: In Good Standing Licensed: 32 Years

CONTACT

416 N Homer St, Lansing, MI 48912

Katharine M. Hude

Landlord-Tenant, Entertainment, Contract, Credit & Debt

Status: In Good Standing Licensed: 15 Years

CONTACT

824 N Capitol Ave, Lansing, MI 48906

800-923-0641

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LEGAL TERMS

FORBEARANCE

Voluntarily refraining from doing something, such as asserting a legal right. For example, a creditor may forbear on its right to collect a debt by temporarily ... (more...)

Voluntarily refraining from doing something, such as asserting a legal right. For example, a creditor may forbear on its right to collect a debt by temporarily postponing or reducing the borrower's payments.

UNSECURED DEBT

A debt that is not tied to any item of property. A creditor doesn't have the right to grab property to satisfy the debt if you default. The creditor's only reme... (more...)

A debt that is not tied to any item of property. A creditor doesn't have the right to grab property to satisfy the debt if you default. The creditor's only remedy is to sue you and get a judgment. Compare secured debt.

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.

LIQUIDATING PARTNER

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

CREDITOR

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

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.

BULK SALES LAW

A law that regulates the transfer of business assets so that business owners cannot dispose of assets in order to avoid creditors. If a business owner wants to ... (more...)

A law that regulates the transfer of business assets so that business owners cannot dispose of assets in order to avoid creditors. If a business owner wants to conduct a bulk sale of business assets -- that is, get rid of an unusually large amount of inventory, merchandise or equipment -- the business owner must typically publish a notice of the sale and give written notice to creditors. Then, the owner must set up an account to hold the funds from the sale for a brief period of time during which creditors may make claims against the money. The prohibition against bulk sales is spelled out in the Uniform Commercial Code -- and laws modeled on the UCC have been generally adopted throughout the country.

CHAPTER 13 PLAN

A document filed in a Chapter 13 bankruptcy in which the debtor shows how all of his or her disposable income will be used over a three- to five-year period to ... (more...)

A document filed in a Chapter 13 bankruptcy in which the debtor shows how all of his or her disposable income will be used over a three- to five-year period to pay all mandatory debts -- for example, back child support, taxes, and mortgage arrearages -- as well as some or all unsecured, nonpriority debts, such as medical and credit card bills.

PROCEEDS FOR DAMAGED EXEMPT PROPERTY

In a bankruptcy proceeding, money collected through insurance, arbitration, mediation, settlement or a lawsuit to pay for exempt property that's no longer exemp... (more...)

In a bankruptcy proceeding, money collected through insurance, arbitration, mediation, settlement or a lawsuit to pay for exempt property that's no longer exemptible because it has been damaged or destroyed.

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Laingsburg Bankruptcy & Debt Lawyer, Michigan

Sponsored Law Firm

Marrs & Terry, PLLC

SPONSORED LAWYERS

Patricia A. Johnson

Barnet George Levine

Kenneth U. Lucas

Brian C. Titus

Francis X. Hathaway

William L. Logan

Kelly Michelle Fletcher

Alan L. Canady

Andrew J. Gerdes

Katharine M. Hude

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LEGAL TERMS

FORBEARANCE

UNSECURED DEBT

CREDIT INSURANCE

LIQUIDATING PARTNER

CREDITOR

GRACE PERIOD

BULK SALES LAW

CHAPTER 13 PLAN

PROCEEDS FOR DAMAGED EXEMPT PROPERTY

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