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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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John R. Ceci

Wills & Probate, Estate Planning, Divorce, Bankruptcy

Status: In Good Standing Licensed: 22 Years

FREE CONSULTATION

CONTACT

726 W Grand River Ave, Brighton, MI 48116

Charles G. Hodgson

Bankruptcy, Real Estate, Trusts, Corporate

Status: In Good Standing Licensed: 22 Years

CONTACT

8163 Grand River Rd, Brighton, MI 48114

Scott W. Powers

Real Estate, Family Law, Business, Consumer Bankruptcy

Status: In Good Standing Licensed: 24 Years

CONTACT

2254 E Highland Rd, Highland, MI 48356

Nancy C Nawrocki

Real Estate, Family Law, Civil Rights, Credit & Debt

Status: In Good Standing Licensed: 38 Years

CONTACT

10299 Grand River Rd, Brighton, MI 48114

William Wallace Murray

Estate Planning, Employee Rights, Elder Law, Consumer Bankruptcy

Status: In Good Standing Licensed: 14 Years

CONTACT

1403 S Hill Rd, Milford, MI 48381

Jon Thomas Emaus

Trusts, Contract, Credit & Debt, Wrongful Death

Status: In Good Standing

CONTACT

8163 Grand River Road, Brighton, MI 48114

Thomas R. Neff

Litigation, Lawsuit & Dispute, Consumer Rights, Consumer Bankruptcy

Status: In Good Standing Licensed: 53 Years

CONTACT

371 N Main St, Milford, MI 48381

Alvin H. Rightler

Federal Appellate Practice, Estate Planning, Elder Law, Bankruptcy

Status: In Good Standing Licensed: 26 Years

CONTACT

8163 Grand River Rd, Brighton, MI 48114

Bruce A. Mayrand

Commercial Real Estate, Estate Planning, Family Law, Bankruptcy

Status: In Good Standing Licensed: 19 Years

CONTACT

100 N Pond Dr, Commerce Township, MI 48390

Edward Leonard Ewald

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

Status: In Good Standing Licensed: 34 Years

CONTACT

1198 S Creek Dr, Wixom, MI 48393

800-923-0641

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LEGAL TERMS

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.

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.

SUBROGATION

A taking on of the legal rights of someone whose debts or expenses have been paid. For example, subrogation occurs when an insurance company that has paid off i... (more...)

A taking on of the legal rights of someone whose debts or expenses have been paid. For example, subrogation occurs when an insurance company that has paid off its injured claimant takes the legal rights the claimant has against a third party that caused the injury, and sues that third party.

WINDING UP

The process of paying off expenses and creditors, settling accounts, and collecting and distributing (to shareholders and owners) whatever assets then remain, a... (more...)

The process of paying off expenses and creditors, settling accounts, and collecting and distributing (to shareholders and owners) whatever assets then remain, all with the ultimate goal of liquidating or closing down a corporation or partnership.

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.

401(K) PLAN

A deferred compensation savings program in which employees invest part of their wages, sometimes along with employer contributions, to save on taxes. No income ... (more...)

A deferred compensation savings program in which employees invest part of their wages, sometimes along with employer contributions, to save on taxes. No income taxes on the amount invested and any earnings are due until the employee withdraws money from the fund.

COLLATERAL

Property that guarantees payment of a secured debt.

CONSUMER CREDIT COUNSELING SERVICE (CCCS)

A national non-profit agency that, at no cost, helps debtors plan budgets and repay their debts. One major criticism of CCCS is that each office is primarily fu... (more...)

A national non-profit agency that, at no cost, helps debtors plan budgets and repay their debts. One major criticism of CCCS is that each office is primarily funded by voluntary donations from the creditors that receive payments from debtors repaying their debts through that office. Despite this criticism, most CCCS counselors provide clients with thorough and neutral advice.

HOUSEHOLDER

A person who supports and maintains a household, with or without other people. In bankruptcy law, a householder, housekeeper or head of household can claim a ho... (more...)

A person who supports and maintains a household, with or without other people. In bankruptcy law, a householder, housekeeper or head of household can claim a homestead exemption and possibly other exemptions relating to the maintenance of the household.

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Milford Bankruptcy & Debt Lawyer, Michigan

Sponsored Law Firm

Marrs & Terry, PLLC

SPONSORED LAWYERS

John R. Ceci

Charles G. Hodgson

Scott W. Powers

Nancy C Nawrocki

William Wallace Murray

Jon Thomas Emaus

Thomas R. Neff

Alvin H. Rightler

Bruce A. Mayrand

Edward Leonard Ewald

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LEGAL TERMS

MEANS TEST

PRESUMED ABUSE

SUBROGATION

WINDING UP

UNSECURED DEBT

401(K) PLAN

COLLATERAL

CONSUMER CREDIT COUNSELING SERVICE (CCCS)

HOUSEHOLDER

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