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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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Raymond J. Pater

Family Law, Divorce & Family Law, Collection

Status: In Good Standing Licensed: 41 Years

CONTACT

704 Michigan Ave, Holland, MI 49423

Marcia R. Meoli

Foreclosure, Biotechnology, Consumer Bankruptcy, Bankruptcy

Status: In Good Standing Licensed: 42 Years

CONTACT

17 W 10Th St, Holland, MI 49423

Jessica Arends

Estate Planning, Employee Rights, Elder Law, Consumer Bankruptcy, Trusts

Status: In Good Standing

CONTACT

Holland, MI 49422

Jennifer A. Deyoung

Estate Planning, Family Law, Child Custody, Bankruptcy

Status: In Good Standing Licensed: 28 Years

CONTACT

321 Settlers Rd, Holland, MI 49423

Ronald J. Vander Veen

Government Contract, Employee Rights, Contract, Bankruptcy

Status: In Good Standing

CONTACT

321 Settlers Rd, Holland, MI 49423

Dolores Trese

Family Law, Consumer Rights, Elder Law, Consumer Bankruptcy

Status: In Good Standing Licensed: 34 Years

CONTACT

636 Hastings Ave, Holland, MI 49423

Scott Mancinelli

Business, Divorce & Family Law, Estate, Bankruptcy & Debt, Accident & Injury

Status: In Good Standing Licensed: 30 Years

FREE CONSULTATION

CONTACT

10500 Chicago Drive, Zeeland, MI 49464

Robert E. Schreur

Accident & Injury, Criminal, Bankruptcy, Business & Trade

Status: In Good Standing Licensed: 29 Years

CONTACT

503 Century Ln, Holland, MI 49422

800-923-0641

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LEGAL TERMS

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.

ACCORD AND SATISFACTION

An agreement to settle a contract dispute by accepting less than what's due. This procedure is often used by creditors who want to cut their losses by collectin... (more...)

An agreement to settle a contract dispute by accepting less than what's due. This procedure is often used by creditors who want to cut their losses by collecting as much money as they can from debtors who cannot pay the full amount.

FCRA

See Fair Credit Reporting Act.

TOXIC TORT

A personal injury caused by exposure to a toxic substance, such as asbestos or hazardous waste. Victims can sue for medical expenses, lost wages and pain and su... (more...)

A personal injury caused by exposure to a toxic substance, such as asbestos or hazardous waste. Victims can sue for medical expenses, lost wages and pain and suffering.

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.

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.

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.

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.

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.

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Douglas Bankruptcy & Debt Lawyer, Michigan

Sponsored Law Firm

Marrs & Terry, PLLC

SPONSORED LAWYERS

Raymond J. Pater

Marcia R. Meoli

Jessica Arends

Jennifer A. Deyoung

Ronald J. Vander Veen

Dolores Trese

Scott Mancinelli

Robert E. Schreur

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LEGAL TERMS

PRESUMED ABUSE

ACCORD AND SATISFACTION

FCRA

TOXIC TORT

ADMINISTRATIVE EXPENSES

GUARANTOR

FRAUDULENT TRANSFER

NO-FAULT INSURANCE

CHAPTER 13 BANKRUPTCY

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