Niles Bankruptcy & Debt Lawyer, Michigan

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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.
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Peter Albert Clark

Industry Specialties, Corporate, Business, Bankruptcy & Debt

Status: In Good Standing Licensed: 35 Years

CONTACT

1643 Barron Lake Rd, Niles, MI 49120

Peter A. Clark

Industry Specialties, Corporate, Business, Bankruptcy & Debt

Status: In Good Standing Licensed: 35 Years

CONTACT

1643 Barron Lake Rd, Niles, MI 49120

Jeremy Robert Iskin

Trade Associations, Bankruptcy & Debt, Collection

Status: In Good Standing Licensed: 16 Years

CONTACT

2232 South llth Street #1, Niles, MI 49120

Timothy Stewart Newbold

Trusts, Divorce, Elder Law, Credit & Debt

Status: In Good Standing Licensed: 19 Years

CONTACT

10940 Garr Rd, Berrien Springs, MI 49103

Neil Anthony Waechter

Criminal, Bankruptcy & Debt

Status: In Good Standing Licensed: 17 Years

CONTACT

65862 M-62, Cassopolis, MI 49031

David P. Taylor

Real Estate, International, Business, Bankruptcy & Debt

Status: In Good Standing Licensed: 62 Years

CONTACT

Edwardsburg, MI 49112

Tricia Lyn Smith

Federal Appellate Practice, Labor Law, Family Law, Collection

Status: In Good Standing Licensed: 9 Years

CONTACT

107 Pennsylvania Ave, Dowagiac, MI 49047

Mark A. Herman

Whistleblower, Criminal, Bankruptcy, Bankruptcy & Debt

Status: In Good Standing Licensed: 42 Years

CONTACT

60296 M 62, Cassopolis, MI 49031

William Luke Labre

Trusts, Divorce, Contract, Credit & Debt

Status: In Good Standing Licensed: 48 Years

CONTACT

66530 North Shore Drive, Cassopolis, MI 49031

Michael Anthony Barry

Commercial Real Estate, Litigation, Employee Rights, Commercial Bankruptcy

Status: In Good Standing Licensed: 46 Years

CONTACT

20335 Cara Ave, Cassopolis, MI 49031

800-923-0641

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LEGAL TERMS

CREDITOR

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

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.

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.

AUTOMATIC STAY

An injunction automatically issued by the bankruptcy court when a debtor files for bankruptcy. The automatic stay prohibits most creditor collection activities,... (more...)

An injunction automatically issued by the bankruptcy court when a debtor files for bankruptcy. The automatic stay prohibits most creditor collection activities, such as filing or continuing lawsuits, making written requests for payment, or notifying credit reporting bureaus of an unpaid debt.

SOLE PROPRIETORSHIP

A business owned and managed by one person (or for tax purposes, a husband and wife). For IRS purposes, a sole proprietor and her business are one tax entity, m... (more...)

A business owned and managed by one person (or for tax purposes, a husband and wife). For IRS purposes, a sole proprietor and her business are one tax entity, meaning that business profits are reported and taxed on the owner's personal tax return. Setting up a sole proprietorship is cheap and easy since no legal formation documents need be filed with any governmental agency (although tax registration and other permit and license requirements may still apply). Once you file a fictitious name statement (assuming you don't use your own name) and obtain any required basic tax permits and business licenses, you'll be in business. The main downside of a sole proprietorship is that its owner is personally liable for all business debts.

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.

BANKRUPTCY

A legal proceeding that relieves you of the responsibility of paying your debts or provides you with protection while attempting to repay your debts. There are ... (more...)

A legal proceeding that relieves you of the responsibility of paying your debts or provides you with protection while attempting to repay your debts. There are two types of bankruptcies -- liquidation, in which your debts are wiped out (discharged) and reorganization, in which you provide the court with a plan for how you intend to repay your debts. For both consumers and business, liquidation bankruptcy is called Chapter 7. For consumers, reorganization bankruptcy is called Chapter 13. Reorganization bankruptcy for consumers with an extraordinary amount of debt and for businesses is called Chapter 11. Reorganization bankruptcy for family farmers is called Chapter 12.

LOSS DAMAGE WAIVER (LDW)

Rental car insurance that makes the rental car company responsible for damage to or theft of a rental car. This insurance is a major consumer ripoff, as it ofte... (more...)

Rental car insurance that makes the rental car company responsible for damage to or theft of a rental car. This insurance is a major consumer ripoff, as it often duplicates coverage provided by the renter's regular car insurance and/or the credit card she uses to rent the car. Nevertheless, hard-sell practices by rental car agents often dupe people into buying LDWs they don't really need. LDW is also called 'collision damage waiver.'

Niles Bankruptcy & Debt Lawyer, Michigan

Sponsored Law Firm

Marrs & Terry, PLLC

SPONSORED LAWYERS

Peter Albert Clark

Peter A. Clark

Jeremy Robert Iskin

Timothy Stewart Newbold

Neil Anthony Waechter

David P. Taylor

Tricia Lyn Smith

Mark A. Herman

William Luke Labre

Michael Anthony Barry

TIPS

LEGAL TERMS

CREDITOR

WORKOUT

FORBEARANCE

AUTOMATIC STAY

SOLE PROPRIETORSHIP

ADMINISTRATIVE EXPENSES

BANKRUPTCY

LOSS DAMAGE WAIVER (LDW)

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