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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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Includes: Bankruptcy Litigation, Commercial Bankruptcy, Consumer Bankruptcy, Dissolution

Christopher G. Bovid

Corporate, Banking & Finance, Bankruptcy Litigation, Bankruptcy

Status: In Good Standing

FREE CONSULTATION

CONTACT

915 North Michigan Avenue, Howell, MI 48843

Matthew J. Van Epps

Divorce & Family Law, Estate, Consumer Bankruptcy, Bankruptcy, Wills & Probate

Status: In Good Standing Licensed: 40 Years

FREE CONSULTATION

CONTACT

318 N Water St, Owosso, MI 48867

Barbara Bakeromerod

Estate Planning, Family Law, Elder Law, Consumer Bankruptcy

Status: In Good Standing

CONTACT

401 S Shiawassee St, Henderson, MI 48867

Matthew J Abraham

Business, Bankruptcy, Personal Injury, Car Accident

Status: In Good Standing

FREE CONSULTATION

CONTACT

16237 Jennings Road, Fenton, MI 48430

Kelly A. Myers

Corporate, Banking & Finance, Bankruptcy Litigation, Bankruptcy

Status: In Good Standing Licensed: 31 Years

CONTACT

915 N Michigan Ave, Howell, MI 48843

Joseph N. Kuptz

Social Security, Elder Law, Contract, Business, Bankruptcy

Status: In Good Standing Licensed: 19 Years

CONTACT

12272 N Fenton Rd, Fenton, MI 48430

K.C. Baran

Estate Planning, Divorce, DUI-DWI, Bankruptcy

Status: In Good Standing

CONTACT

508 Silver Lake Rd., Fenton, MI 48430

Roger G. Isaac

Business, Transactions, Real Estate, Consumer Bankruptcy

Status: In Good Standing Licensed: 51 Years

CONTACT

1360 S Linden Rd, Flint, MI 48532

Patricia Anne Johnson

Estate, Wrongful Termination, Divorce & Family Law, Bankruptcy

Status: In Good Standing

CONTACT

2109 Hamilton Road, Okemos, MI 48864

Stephen William Michael

Estate Planning, Business, Consumer Bankruptcy, Estate

Status: In Good Standing Licensed: 12 Years

CONTACT

1278 Silverwood Dr, Okemos, MI 48864

800-923-0641

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LEGAL TERMS

REPOSSESSION

A creditor's taking property that has been pledged as collateral for a loan. Lenders will most often repossess cars when the owner has missed loan payments and ... (more...)

A creditor's taking property that has been pledged as collateral for a loan. Lenders will most often repossess cars when the owner has missed loan payments and has not attempted to work with the lender to resolve the problem. A repossessor can't use force to get at your car, but he can legally hot-wire it and even drive it out of your unlocked garage.

DISCHARGEABLE DEBTS

Debts that can be erased by going through bankruptcy. Most debts incurred prior to declaring bankruptcy are dischargeable, including back rent, credit card bill... (more...)

Debts that can be erased by going through bankruptcy. Most debts incurred prior to declaring bankruptcy are dischargeable, including back rent, credit card bills and medical bills. Compare nondischargeable debts.

COSIGNER

A person who signs his or her name to a loan agreement, lease or credit application. If the primary debtor does not pay, the cosigner is fully responsible for t... (more...)

A person who signs his or her name to a loan agreement, lease or credit application. If the primary debtor does not pay, the cosigner is fully responsible for the loan or debt. Many people use cosigners to qualify for a loan or credit card. Landlords may require a cosigner when renting to a student or someone with a poor credit history.

GUARANTOR

A person who makes a legally binding promise to either pay another person's debt or perform another person's duty if that person defaults or fails to perform. T... (more...)

A person who makes a legally binding promise to either pay another person's debt or perform another person's duty if that person defaults or fails to perform. The guarantor gives a 'guaranty,' which is an assurance that the debt or other obligation will be fulfilled.

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.

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.

GARNISHMENT

A court-ordered process that takes property from a person to satisfy a debt. For example, a person who owes money to a creditor may have her wages garnished if ... (more...)

A court-ordered process that takes property from a person to satisfy a debt. For example, a person who owes money to a creditor may have her wages garnished if she loses a lawsuit filed by the creditor. Up to 25% of a person's wages can be deducted.

LIMITED PARTNERSHIP

A business structure that allows one or more partners (called limited partners) to enjoy limited personal liability for partnership debts while another partner ... (more...)

A business structure that allows one or more partners (called limited partners) to enjoy limited personal liability for partnership debts while another partner or partners (called general partners) have unlimited personal liability. The key difference between a general and limited partner concerns management decision making--general partners run the business, and limited partners, who are usually passive investors, are not allowed to make day-to-day business decisions. If they do, they risk being treated as general partners with unlimited personal liability.

PRIORITY DEBT

A type of debt that is paid first if there are distributions made from the bankruptcy estate in a Chapter 7 bankruptcy, and must be paid in full in a Chapter 13... (more...)

A type of debt that is paid first if there are distributions made from the bankruptcy estate in a Chapter 7 bankruptcy, and must be paid in full in a Chapter 13 bankruptcy. Priority debts include alimony and child support, fees owed to the trustee and the attorney in the bankruptcy case, and wages owed to employees.

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Bancroft Bankruptcy Lawyer, Michigan

Sponsored Law Firm

Marrs & Terry, PLLC

SPONSORED LAWYERS

Christopher G. Bovid

Matthew J. Van Epps

Barbara Bakeromerod

Matthew J Abraham

Kelly A. Myers

Joseph N. Kuptz

K.C. Baran

Roger G. Isaac

Patricia Anne Johnson

Stephen William Michael

TIPS

LEGAL TERMS

REPOSSESSION

DISCHARGEABLE DEBTS

COSIGNER

GUARANTOR

ADMINISTRATIVE EXPENSES

GENERAL PARTNER

GARNISHMENT

LIMITED PARTNERSHIP

PRIORITY DEBT

SAMPLE LEGAL CASES

RDM Holdings, Ltd. v. Continental Plastics Co.

Gulf Underwriters Ins. Co. v. McCLAIN INDUSTRIES, INC.

MICHIGAN COMMERCE BANK v. PALMS INVESTMENTS, LLC

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