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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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David R. Heyboer

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Criminal, DUI-DWI, Bankruptcy & Debt, Personal Injury, Real Estate

When you've been arrested and facing criminal charges, there can be serious consequences for you and your family. Don't face your criminal charges alo... (more)

FREE CONSULTATION

CONTACT

800-953-6751

3051 Commerce Drive, Fort Gratiot, MI 48059

Andrew R. Lockard

Estate, Family Law, Criminal, Credit & Debt

Status: In Good Standing Licensed: 22 Years

CONTACT

225 E Woodworth St, Bad Axe, MI 48413

Nathan Paul Fuglestad

Real Estate, Bankruptcy & Debt, Personal Injury, Trusts

Status: In Good Standing Licensed: 33 Years

CONTACT

x, North Branch, MI 48461

Jill L. Schmidt

Real Estate, Divorce & Family Law, Criminal, Bankruptcy & Debt

Status: In Good Standing Licensed: 29 Years

CONTACT

24 E Main St, Sebewaing, MI 48759

Pamela E. Stefan

Divorce, Elder Law, Contract, Collection

Status: In Good Standing Licensed: 34 Years

CONTACT

115 N Main St, Vassar, MI 48768

David W. Brown

Real Estate, Family Law, Criminal, Business, Bankruptcy

Status: In Good Standing

CONTACT

1820 N Lapeer Rd, Lapeer, MI 48446

Peter L. Conway

Business, Bankruptcy & Debt, Real Estate, Estate, Divorce & Family Law

Status: In Good Standing Licensed: 51 Years

CONTACT

350 N Court St, Lapeer, MI 48446

Mark A. Leichliter

Estate Planning, Employee Rights, Elder Law, Consumer Bankruptcy

Status: In Good Standing Licensed: 16 Years

CONTACT

110 N Saginaw St, Lapeer, MI 48446

Barry Shoults

Estate Planning, Labor Law, Family Law, Consumer Bankruptcy

Status: In Good Standing

CONTACT

441 Clay St, Lapeer, MI 48446

Rex C. Anderson

Criminal, Consumer Bankruptcy, Bankruptcy, Personal Injury

Status: In Good Standing

CONTACT

9459 Lapeer Rd, Davison, MI 48423

800-923-0641

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LEGAL TERMS

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.

SUBROGATION

A taking on of the legal rights of someone whose debts or expenses have been paid. For example, subrogation occurs when an insurance company that has paid off i... (more...)

A taking on of the legal rights of someone whose debts or expenses have been paid. For example, subrogation occurs when an insurance company that has paid off its injured claimant takes the legal rights the claimant has against a third party that caused the injury, and sues that third party.

MEANS TEST

A formula that uses predefined income and expense categories to determine whether a debtor whose current monthly income is higher than the median family income ... (more...)

A formula that uses predefined income and expense categories to determine whether a debtor whose current monthly income is higher than the median family income for his or her state should be allowed to file for Chapter 7 bankruptcy.

CREDIT REPORT

An account of your credit history, prepared by a credit bureau. A credit report will contain both credit history, such as what you owe to whom and whether you m... (more...)

An account of your credit history, prepared by a credit bureau. A credit report will contain both credit history, such as what you owe to whom and whether you make the payments on time, as well as personal history, such as your former addresses, employment record and lawsuits in which you have been involved. An estimated 50% of all credit reports contain errors, such as accounts that don't belong to you, an incorrect account status or information reported that is older than seven years (ten years in the case of a bankruptcy).

CREDIT FILE

See credit report.

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.

INTEREST

A commission you pay a bank or other creditor for lending you money or extending you credit. An interest rate represents the annual percentage that is added to ... (more...)

A commission you pay a bank or other creditor for lending you money or extending you credit. An interest rate represents the annual percentage that is added to your balance. This means that if your loan or credit line has an interest rate of 8%, the holder adds 8% to the balance each year. More specifically, interest is calculated and added to your loan or credit line through a process called compounding. If interest is compounded daily, the balance will rise by 1/365th of 8% each day. If interest is compounded monthly, the balance will rise 1/12th of 8% at the start of each month.

COLLATERAL

Property that guarantees payment of a secured debt.

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.

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Decker Bankruptcy & Debt Lawyer, Michigan

Sponsored Law Firm

Marrs & Terry, PLLC

SPONSORED LAWYERS

David R. Heyboer

Andrew R. Lockard

Nathan Paul Fuglestad

Jill L. Schmidt

Pamela E. Stefan

David W. Brown

Peter L. Conway

Mark A. Leichliter

Barry Shoults

Rex C. Anderson

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LEGAL TERMS

GUARANTOR

SUBROGATION

MEANS TEST

CREDIT REPORT

CREDIT FILE

PRIORITY DEBT

INTEREST

COLLATERAL

FORBEARANCE

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