Barry County, MI Credit & 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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Nathaniel Ernest Tagg

Motor Vehicle, Health Care Other, Family Law, Civil Rights

Status: In Good Standing Licensed: 20 Years

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202 S Broadway St, Hastings, MI 49058

Michael J. Mcphillips

Deportation, Divorce, Elder Law, Credit & Debt

Status: In Good Standing Licensed: 43 Years

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121 W Apple St, Hastings, MI 49058

Robert J. Longstreet

Medicare & Medicaid, Estate Planning, Guardianships & Conservatorships, Elder Law

Status: In Good Standing Licensed: 29 Years

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Kathryn M. Russell

Pharmaceutical Product, Employee Rights, Criminal, Medical Malpractice

Status: In Good Standing Licensed: 26 Years

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305 N Michigan Ave, Hastings, MI 49058

Michael W. Puerner

Litigation, Lawsuit & Dispute, Administrative Law, Business

Status: In Good Standing

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404 E Woodlawn Ave, Hastings, MI 49058

Robert L. Byington

Workers' Compensation, Contract, Collection, Wrongful Death, Household Mold

Status: In Good Standing Licensed: 47 Years

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222 W Apple St, Hastings, MI 49058

Eric Alexander Byington

Social Security, Workers' Compensation, Contract, Collection

Status: In Good Standing Licensed: 11 Years

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Kristen Erika Hoel

Education, Pension & Benefits, Family Law, Divorce, Civil & Human Rights

Status: In Good Standing Licensed: 27 Years

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David H. Tripp

Commercial Real Estate, Real Estate, Estate Planning, Elder Law

Status: In Good Standing Licensed: 46 Years

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Gordon Shane Mcneill

Defense Contracts, Misdemeanor

Status: In Good Standing Licensed: 33 Years

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LEGAL TERMS

UNDUE HARDSHIP

The circumstances in which a debtor may discharge a student loan in bankruptcy. For example, a debtor who has no income and little chance of earning enough in t... (more...)

The circumstances in which a debtor may discharge a student loan in bankruptcy. For example, a debtor who has no income and little chance of earning enough in the future to pay off the loan may be able to show that repayment would be an undue hardship.

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.

CHAPTER 13 BANKRUPTCY

The reorganization bankruptcy for consumers, in which you partially or fully repay your debts. In Chapter 13 bankruptcy, you keep your property and use your inc... (more...)

The reorganization bankruptcy for consumers, in which you partially or fully repay your debts. In Chapter 13 bankruptcy, you keep your property and use your income to pay all or a portion of the debts over three to five years. The minimum amount you must pay is roughly equal to the value of your nonexempt property. In addition, you must pledge your disposable net income -- after subtracting reasonable expenses -- for the period during which you are making payments. At the end of the three-to five-year period, the balance of what you owe on most debts is erased.

FRAUDULENT TRANSFER

In a bankruptcy case, a transfer of property to another for less than the property's value for the purpose of hiding the property from the bankruptcy trustee --... (more...)

In a bankruptcy case, a transfer of property to another for less than the property's value for the purpose of hiding the property from the bankruptcy trustee -- for instance, when a debtor signs a car over to a relative to keep it out of the bankruptcy estate. Fraudulently transferred property can be recovered and sold by the trustee for the benefit of the creditors.

SETOFF

A claim made by someone who allegedly owes money, that the amount should be reduced because the other person owes him money. This is often raised in a countercl... (more...)

A claim made by someone who allegedly owes money, that the amount should be reduced because the other person owes him money. This is often raised in a counterclaim filed by a defendant in a lawsuit. Banks may try to exercise a setoff by taking money out of a deposit account to satisfy past due payments on a loan or credit card bill. Such an act is illegal under most circumstances.

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.

C CORPORATION

Common business slang to distinguish a corporation whose profits are taxed separate from its owners under subchapter C of the Internal Revenue Code, from an S c... (more...)

Common business slang to distinguish a corporation whose profits are taxed separate from its owners under subchapter C of the Internal Revenue Code, from an S corporation, whose profits are passed through to shareholders and taxed on their personal returns under subchapter S of the Internal Revenue Code.

DEBT COLLECTOR

A person who works in the in-house collections department of an original creditor or a collection agency to track down debtors and get them to pay what they owe... (more...)

A person who works in the in-house collections department of an original creditor or a collection agency to track down debtors and get them to pay what they owe. Debt collectors can be relentless, often using scare tactics, humiliation and repeated phone calls to extract payments or promises to pay.

NO-FAULT INSURANCE

Car insurance laws that require the insurance companies of each person in an accident to pay for medical bills and lost wages of their insured, up to a certain ... (more...)

Car insurance laws that require the insurance companies of each person in an accident to pay for medical bills and lost wages of their insured, up to a certain amount, regardless of who was at fault. The effect of no-fault insurance laws is to eliminate lawsuits in small accidents. The advantage is the prompt payment of medical bills and expenses. The downsides are that the amounts paid by no-fault policies are often not enough to fully cover a person's losses and that no-fault does not compensate for pain and suffering.

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Barry County, MI Credit & Debt Lawyers

Sponsored Law Firm

Marrs & Terry, PLLC

SPONSORED LAWYERS

Nathaniel Ernest Tagg

Michael J. Mcphillips

Robert J. Longstreet

Kathryn M. Russell

Michael W. Puerner

Robert L. Byington

Eric Alexander Byington

Kristen Erika Hoel

David H. Tripp

Gordon Shane Mcneill

TIPS

LEGAL TERMS

UNDUE HARDSHIP

AUTOMATIC STAY

CHAPTER 13 BANKRUPTCY

FRAUDULENT TRANSFER

SETOFF

WORKOUT

C CORPORATION

DEBT COLLECTOR

NO-FAULT INSURANCE

SAMPLE LEGAL CASES

New Freedom Mtg. Corp. v. Globe Mtg. Corp.

Barth v. FIRST CONSUMER CREDIT, INC.

CHARTER ONE BANK NA v. JP Morgan Chase Bank, NA

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