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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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Michael D. Almassian

Insurance, Corporate, Credit & Debt, Bankruptcy

Status: In Good Standing

FREE CONSULTATION

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230 East Fulton Street, Grand Rapids, MI 49503

Mark Alan Powers

Litigation, Trusts, Merger & Acquisition, Credit & Debt

Status: In Good Standing Licensed: 28 Years

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Grand Haven, MI 49417

Beth A. Striegle

Land Use & Zoning, Family Law, Contract, Credit & Debt

Status: In Good Standing

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400 Ann St Nw, Grand Rapids, MI 49504

Victoria Lynn Smalley

Dispute Resolution, Social Security, Family Law, Credit & Debt

Status: In Good Standing Licensed: 9 Years

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3996 Chicago Dr Sw, Grandville, MI 49418

Harold E. Nelson

Real Estate, Banking & Finance, Credit & Debt, Bankruptcy

Status: In Good Standing Licensed: 47 Years

CONTACT

55 Campau Ave Nw, Grand Rapids, MI 49503

Denise D. Twinney

Business, Credit & Debt, Bankruptcy, Bankruptcy & Debt

Status: In Good Standing

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300 Ottawa Ave Nw, Grand Rapids, MI 49503

Charles H. Worsfold

Construction, Employee Rights, Credit & Debt, Defamation & Slander

Status: In Good Standing Licensed: 48 Years

CONTACT

230 Fulton St E, Grand Rapids, MI 49503

Michael David Almassian

Litigation, Corporate, Credit & Debt, Bankruptcy

Status: In Good Standing Licensed: 23 Years

CONTACT

230 E Fulton Street, Grand Rapids, MI 49503

William B. Groom

Litigation, Employee Rights, Business, Credit & Debt

Status: In Good Standing

CONTACT

281 Seminole Rd, Muskegon, MI 49444

Brian E. Kersey

Electronic Commerce, Aviation, Business, Credit & Debt

Status: In Good Standing Licensed: 24 Years

CONTACT

99 Monroe Ave Nw, Grand Rapids, MI 49503

800-923-0641

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LEGAL TERMS

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.

CURRENT MONTHLY INCOME

As defined by the new bankruptcy law, a bankruptcy filer's total gross income (whether taxable or not), averaged over the six-month period immediately preceding... (more...)

As defined by the new bankruptcy law, a bankruptcy filer's total gross income (whether taxable or not), averaged over the six-month period immediately preceding the bankruptcy filing. The debtor's current monthly income is used to determine whether the debtor can file for Chapter 7 bankruptcy, among other things.

CREDIT COUNSELING

Counseling that explores the possibility of repaying debts outside of bankruptcy and educates the debtor about credit, budgeting, and financial management. Unde... (more...)

Counseling that explores the possibility of repaying debts outside of bankruptcy and educates the debtor about credit, budgeting, and financial management. Under the new bankruptcy law, a debtor must undergo credit counseling with an approved provider before filing for bankruptcy.

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.

CREDIT BUREAU

A private, profit-making company that collects and sells information about a person's credit history. Typical clients include banks, mortgage lenders and credit... (more...)

A private, profit-making company that collects and sells information about a person's credit history. Typical clients include banks, mortgage lenders and credit card companies that use the information to screen applicants for loans and credit cards. There are three major credit bureaus, Equifax, Experian and Trans Union, and they are regulated by the federal Fair Credit Reporting Act.

FDCPA

See Fair Debt Collections & Practices Act.

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.

CHAPTER 13 PLAN

A document filed in a Chapter 13 bankruptcy in which the debtor shows how all of his or her disposable income will be used over a three- to five-year period to ... (more...)

A document filed in a Chapter 13 bankruptcy in which the debtor shows how all of his or her disposable income will be used over a three- to five-year period to pay all mandatory debts -- for example, back child support, taxes, and mortgage arrearages -- as well as some or all unsecured, nonpriority debts, such as medical and credit card bills.

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.

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Coopersville Credit & Debt Lawyer, Michigan

Sponsored Law Firm

Marrs & Terry, PLLC

SPONSORED LAWYERS

Michael D. Almassian

Mark Alan Powers

Beth A. Striegle

Victoria Lynn Smalley

Harold E. Nelson

Denise D. Twinney

Charles H. Worsfold

Michael David Almassian

William B. Groom

Brian E. Kersey

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LEGAL TERMS

DISCHARGEABLE DEBTS

CURRENT MONTHLY INCOME

CREDIT COUNSELING

LIABILITY

CREDIT BUREAU

FDCPA

COSIGNER

CHAPTER 13 PLAN

GENERAL PARTNER

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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