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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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Kevin V. B Schumacher

Bankruptcy & Debt, Business, Commercial Insurance, Estate

Status: In Good Standing Licensed: 38 Years

CONTACT

533 S Grand Ave, Lansing, MI 48933

Conrad H. Vincent

Trusts, Family Law, DUI-DWI, Bankruptcy

Status: In Good Standing

CONTACT

420 S Waverly Rd, Lansing, MI 48917

Ekugbere Joseph Ejoh

Litigation, International Other, Immigration, Bankruptcy

Status: Suspended Licensed: 12 Years

CONTACT

3300 Lawdor Rd, Lansing, MI 48911

Denise M. Cole

Divorce, Family Law, Collection, Adoption, Guardianships & Conservatorships

Status: In Good Standing Licensed: 21 Years

CONTACT

Lansing, MI 48908

Kieran Patrick Marion

Electronic Commerce, Election & Political, Consumer Bankruptcy, Animal Bite

Status: In Good Standing Licensed: 22 Years

CONTACT

110 W Michigan Ave, Lansing, MI 48933

Martin F. Tieber

Collection, Federal Appellate Practice, Criminal

Status: In Good Standing Licensed: 49 Years

CONTACT

403 Seymour Ave, Lansing, MI 48933

Charles Allen Lawler

Litigation, Government, DUI-DWI, Business, Credit & Debt

Status: In Good Standing Licensed: 20 Years

CONTACT

212 E Cesar E Chavez Ave, Lansing, MI 48906

Andrew J. Gerdes

Real Estate, Business, Credit & Debt, Collection

Status: In Good Standing Licensed: 32 Years

CONTACT

416 N Homer St, Lansing, MI 48912

Charles A. Fleck

Employee Rights, Family Law, Contract, Collection

Status: In Good Standing Licensed: 41 Years

CONTACT

912 Irvington Ave, Lansing, MI 48910

Peter A. Teholiz

Foreclosure, Agriculture, Contract, Credit & Debt

Status: In Good Standing Licensed: 42 Years

CONTACT

2400 Lake Lansing Rd, Lansing, MI 48912

800-923-0641

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LEGAL TERMS

NONDISCHARGEABLE DEBTS

Debts that cannot be erased by filing for bankruptcy. If you file for Chapter 7 bankruptcy, these debts will remain when your case is over. If you file for Chap... (more...)

Debts that cannot be erased by filing for bankruptcy. If you file for Chapter 7 bankruptcy, these debts will remain when your case is over. If you file for Chapter 13 bankruptcy, the nondischargeable debts will have to be paid in full during your plan or you will have a balance at the end of your case. Examples of nondischargeable debts include alimony and child support, most income tax debts, many student loans and debts for personal injury or death caused by drunk driving. Compare dischargeable debts.

GENERAL PARTNER

A person who joins with at least one other to own and operate a business for profit -- and who (unlike a corporation's owners), is personally liable for all the... (more...)

A person who joins with at least one other to own and operate a business for profit -- and who (unlike a corporation's owners), is personally liable for all the business's debts and obligations. A general partner's actions can legally bind the entire business. See also partnership, limited partnership.

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.

FCBA

See Fair Credit Billing Act.

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.

CCCS

See Consumer Credit Counseling Service.

INTEREST

A commission you pay a bank or other creditor for lending you money or extending you credit. An interest rate represents the annual percentage that is added to ... (more...)

A commission you pay a bank or other creditor for lending you money or extending you credit. An interest rate represents the annual percentage that is added to your balance. This means that if your loan or credit line has an interest rate of 8%, the holder adds 8% to the balance each year. More specifically, interest is calculated and added to your loan or credit line through a process called compounding. If interest is compounded daily, the balance will rise by 1/365th of 8% each day. If interest is compounded monthly, the balance will rise 1/12th of 8% at the start of each month.

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.

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.

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Lansing Bankruptcy & Debt Lawyer, Michigan, page 2

Sponsored Law Firm

Marrs & Terry, PLLC

SPONSORED LAWYERS

Kevin V. B Schumacher

Conrad H. Vincent

Ekugbere Joseph Ejoh

Denise M. Cole

Kieran Patrick Marion

Martin F. Tieber

Charles Allen Lawler

Andrew J. Gerdes

Charles A. Fleck

Peter A. Teholiz

TIPS

LEGAL TERMS

NONDISCHARGEABLE DEBTS

GENERAL PARTNER

PRESUMED ABUSE

FCBA

FAIR LABOR STANDARDS ACT (FLSA)

CCCS

INTEREST

LIABILITY

REAFFIRMATION

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