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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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Wanda S. Losher

Collection, Divorce & Family Law, Estate, Criminal

Status: In Good Standing Licensed: 10 Years

CONTACT

East Jordan, MI 49727

Jamie A. Thomas

Collection

Status: In Good Standing Licensed: 43 Years

CONTACT

02855 Hemlock Trail, Boyne City, MI 49712

Peter J. Lyons

Criminal, Collection, Freedom of Religion

Status: In Good Standing Licensed: 49 Years

CONTACT

812 Douglas St, Boyne City, MI 49712

Daniel S. Gerow

Estate Planning, Family Law, Criminal, Bankruptcy

Status: In Good Standing

CONTACT

1110 Stonecliff, Boyne City, MI 49712

Daniel S. Gerow

Farms, DUI-DWI, Consumer Bankruptcy, Bankruptcy

Status: In Good Standing Licensed: 41 Years

CONTACT

1110 Stonecliff, Boyne City, MI 49712

John F. Royal

Juvenile Law, Federal Appellate Practice, Criminal, Collection

Status: In Good Standing Licensed: 50 Years

CONTACT

Boyne City, MI 49712

Charles A. Gilfeather

Traffic, Workers' Compensation, Child Custody, Bankruptcy

Status: In Good Standing Licensed: 48 Years

CONTACT

Northport, MI 49670

Kirk D. Hornburg

Lawsuit & Dispute, Biotechnology, Bankruptcy & Debt

Status: In Good Standing Licensed: 26 Years

CONTACT

3915 Smokey Ridge Rd, Traverse City, MI 49686

Douglass H. Shermeta

Immigration, Employee Rights, Contract, Bankruptcy & Debt

Status: Inactive Licensed: 54 Years

CONTACT

4032 Harborview Ridge, Petoskey, MI 49770

Linda C. Scheuerman

Real Estate, Government, Bankruptcy & Debt, Agriculture

Status: In Good Standing Licensed: 40 Years

CONTACT

16975 Peninsula Dr, Traverse City, MI 49686

800-923-0641

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LEGAL TERMS

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.

NONEXEMPT PROPERTY

The property you risk losing to your creditors when you file a Chapter 7 bankruptcy or when a creditor sues you and wins a judgment. Nonexempt property typicall... (more...)

The property you risk losing to your creditors when you file a Chapter 7 bankruptcy or when a creditor sues you and wins a judgment. Nonexempt property typically includes valuable clothing (furs) and electronic equipment, an expensive car that's been paid off and most of the equity in your house. Compare exempt property.

CREDIT INSURANCE

Insurance a lender requires a borrower to purchase to cover the loan. If the borrower dies or becomes disabled before paying off the loan, the policy will pay o... (more...)

Insurance a lender requires a borrower to purchase to cover the loan. If the borrower dies or becomes disabled before paying off the loan, the policy will pay off the remaining balance. Federal and state consumer protection laws require the lender to disclose to existing and potential borrowers the terms and costs of obtaining credit insurance because it can affect the terms of the loan.

NONDISCHARGEABLE DEBTS

Debts that cannot be erased by filing for bankruptcy. If you file for Chapter 7 bankruptcy, these debts will remain when your case is over. If you file for Chap... (more...)

Debts that cannot be erased by filing for bankruptcy. If you file for Chapter 7 bankruptcy, these debts will remain when your case is over. If you file for Chapter 13 bankruptcy, the nondischargeable debts will have to be paid in full during your plan or you will have a balance at the end of your case. Examples of nondischargeable debts include alimony and child support, most income tax debts, many student loans and debts for personal injury or death caused by drunk driving. Compare dischargeable debts.

DISPOSABLE INCOME

The difference between a debtor's current monthly income and allowable expenses. This is the amount that the new bankruptcy law deems available to pay into a Ch... (more...)

The difference between a debtor's current monthly income and allowable expenses. This is the amount that the new bankruptcy law deems available to pay into a Chapter 13 plan.

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.

CCCS

See Consumer Credit Counseling Service.

FRATERNAL BENEFIT SOCIETY BENEFITS

These are benefits, often group life insurance, paid for by fraternal societies to their members. Elks, Masons or Knights of Columbus are common fraternal socie... (more...)

These are benefits, often group life insurance, paid for by fraternal societies to their members. Elks, Masons or Knights of Columbus are common fraternal societies that provide benefits. Also called benefit society, benevolent society or mutual aid association benefits. Under bankruptcy laws, these benefits are virtually always considered exempt property.

401(K) PLAN

A deferred compensation savings program in which employees invest part of their wages, sometimes along with employer contributions, to save on taxes. No income ... (more...)

A deferred compensation savings program in which employees invest part of their wages, sometimes along with employer contributions, to save on taxes. No income taxes on the amount invested and any earnings are due until the employee withdraws money from the fund.

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Ellsworth Bankruptcy & Debt Lawyer, Michigan

Sponsored Law Firm

Marrs & Terry, PLLC

SPONSORED LAWYERS

Wanda S. Losher

Jamie A. Thomas

Peter J. Lyons

Daniel S. Gerow

Daniel S. Gerow

John F. Royal

Charles A. Gilfeather

Kirk D. Hornburg

Douglass H. Shermeta

Linda C. Scheuerman

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LEGAL TERMS

SUBROGATION

NONEXEMPT PROPERTY

CREDIT INSURANCE

NONDISCHARGEABLE DEBTS

DISPOSABLE INCOME

UNDUE HARDSHIP

CCCS

FRATERNAL BENEFIT SOCIETY BENEFITS

401(K) PLAN

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