Antrim County, MI Bankruptcy & Debt Lawyers

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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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Not enough matches for Antrim Bankruptcy & Debt lawyer.
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Patrick D. Brady

General Practice

Status: In Good Standing Licensed: 45 Years

CONTACT

14748 Williams Dr, Elk Rapids, MI 49629

David R. Munroe

Other, Lawsuit & Dispute, Employment, Administrative Law

Status: In Good Standing Licensed: 58 Years

CONTACT

4762 Creekside, Bellaire, MI 49615

Carole E. Brady

Government

Status: In Good Standing Licensed: 46 Years

CONTACT

14748 Williams Dr, Elk Rapids, MI 49629

Bryan E. Graham

Limited Liability Companies, Business, Government

Status: In Good Standing Licensed: 41 Years

CONTACT

104 E Forrest Home Ave, Bellaire, MI 49615

Barry L. Cole

Landlord-Tenant, Motor Vehicle, Lawsuit & Dispute, Government

Status: In Good Standing Licensed: 43 Years

CONTACT

602 E Cayuga St, Bellaire, MI 49615

Charles H. Koop

Criminal, Child Custody

Status: Inactive Licensed: 48 Years

CONTACT

Bellaire, MI 49615

Stacey L. Truesdell

Family Law, Divorce & Family Law, Children's Rights, Criminal

Status: In Good Standing Licensed: 35 Years

CONTACT

Elk Rapids, MI 49629

James L. Rossiter

Criminal

Status: In Good Standing Licensed: 22 Years

CONTACT

205 E Cayuga St, Bellaire, MI 49615

David J. Reck

General Practice

Status: In Good Standing Licensed: 51 Years

CONTACT

205 E Cayuga St, Bellaire, MI 49615

Peter R. Wendling

Real Estate, Estate Planning, Criminal, Elder Law

Status: In Good Standing Licensed: 31 Years

CONTACT

104 E Forrest Home Ave, Bellaire, MI 49615

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Lawyer.com can help you easily and quickly find Michigan Bankruptcy & Debt Lawyers and Michigan Bankruptcy & Debt Law Firms. Find Bankruptcy & Debt attorneys by major city or select a city from the list of all Michigan cities. Alternatively you can search for Bankruptcy & Debt attorneys for all Michigan cities or search by county. You may also also find it useful to refine your search by specific Bankruptcy & Debt practice areas such as Bankruptcy, Collection, Credit & Debt, Reorganization and Workout matters.

LEGAL TERMS

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.

PREFERENCE

A payment made by a debtor to a creditor within a defined period prior to filing for bankruptcy -- within three months for arms-length creditors (regular commer... (more...)

A payment made by a debtor to a creditor within a defined period prior to filing for bankruptcy -- within three months for arms-length creditors (regular commercial creditors) and within one year for insider creditors (friends, family members, and business associates). Because a preference gives the creditor who received the payment an edge over other creditors in the bankruptcy case, the trustee can recover the preference (the amount of the payment) and distribute it among all of the creditors.

SECRET WARRANTY PROGRAM

A program under which a car manufacturer will make repairs for free on vehicles with persistent problems, even after the warranty has expired, in order to avoid... (more...)

A program under which a car manufacturer will make repairs for free on vehicles with persistent problems, even after the warranty has expired, in order to avoid a recall and the accompanying bad press. Secret warranties are rarely advertised by the manufacturer, so consumers must pursue the manufacturer to discover and take advantage of them. A few states require manufacturers to notify car buyers when they adopt secret warranty programs.

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.

DISCHARGE (OF DEBTS)

A bankruptcy court's erasure of the debts of a person or business that has filed for 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.

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.

REDEMPTION

In Chapter 7 bankruptcy, when the debtor obtains legal title to collateral for a debt by paying the creditor the replacement value of the collateral in a lump s... (more...)

In Chapter 7 bankruptcy, when the debtor obtains legal title to collateral for a debt by paying the creditor the replacement value of the collateral in a lump sum. For example, a debtor may redeem a car note by paying the lender the amount a retail vendor would charge for the car, considering its age and condition.

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.

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Antrim County, MI Bankruptcy & Debt Lawyers

Sponsored Law Firm

Marrs & Terry, PLLC

SPONSORED LAWYERS

Patrick D. Brady

David R. Munroe

Carole E. Brady

Bryan E. Graham

Barry L. Cole

Charles H. Koop

Stacey L. Truesdell

James L. Rossiter

David J. Reck

Peter R. Wendling

TIPS

LEGAL TERMS

BANKRUPTCY

PREFERENCE

SECRET WARRANTY PROGRAM

WORKOUT

DISCHARGE (OF DEBTS)

PRESUMED ABUSE

ADMINISTRATIVE EXPENSES

REDEMPTION

LIABILITY

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