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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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Troy Green

Credit & Debt, Bankruptcy, Bankruptcy & Debt

Status: In Good Standing

CONTACT

2290 E. Hill Rd., Grand Blanc, MI 48439

Alan D. Walton

Family Law, Bankruptcy & Debt

Status: In Good Standing Licensed: 44 Years

CONTACT

8070 Main St, Birch Run, MI 48415

Kyla K. Stepp

Real Estate, Business, Bankruptcy & Debt

Status: In Good Standing Licensed: 20 Years

CONTACT

9489 Sashabaw Rd, Clarkston, MI 48348

Elizabeth Christine Ashton

Lawsuit & Dispute, Employment, Business, Bankruptcy & Debt

Status: In Good Standing Licensed: 20 Years

CONTACT

Clarkston, MI 48347

Timothy R. Kalbfleisch

Reorganization

Status: In Good Standing Licensed: 21 Years

CONTACT

5095 Hilltop Estates Dr, Clarkston, MI 48348

Elizabeth Christine Ashton

Lawsuit & Dispute, Employment, Business, Bankruptcy & Debt

Status: In Good Standing Licensed: 20 Years

CONTACT

Clarkston, MI 48347

Jack E. Tubbs

Intellectual Property, Bankruptcy & Debt, Consumer Bankruptcy

Status: In Good Standing Licensed: 33 Years

CONTACT

9060 N Elms Rd, Clio, MI 48420

Elizabeth Joy Train

Real Estate, Civil & Human Rights, Business, Bankruptcy

Status: In Good Standing Licensed: 24 Years

CONTACT

11062 Hickory Ln, Clio, MI 48420

Dianne S. Ruhlandt

Landlord-Tenant, Employee Rights, Business, Collection

Status: In Good Standing

CONTACT

9139 N Clio Rd, Clio, MI 48420

Sean Robert Miller

Trusts, Family Law, Elder Law, Collection

Status: In Good Standing Licensed: 10 Years

CONTACT

12000 Davisburg Rd, Davisburg, MI 48350

800-923-0641

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LEGAL TERMS

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.

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.

IRS EXPENSES

A table of national and regional expense estimates published by the IRS. Debtors whose current monthly income is more than their state's median family income mu... (more...)

A table of national and regional expense estimates published by the IRS. Debtors whose current monthly income is more than their state's median family income must use the IRS expenses to calculate their average net income in a Chapter 7 case, or their disposable income in a Chapter 13 case.

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.

FCRA

See Fair Credit Reporting Act.

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.

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.

REDEMPTION

In Chapter 7 bankruptcy, when the debtor obtains legal title to collateral for a debt by paying the creditor the replacement value of the collateral in a lump s... (more...)

In Chapter 7 bankruptcy, when the debtor obtains legal title to collateral for a debt by paying the creditor the replacement value of the collateral in a lump sum. For example, a debtor may redeem a car note by paying the lender the amount a retail vendor would charge for the car, considering its age and condition.

GUARANTEED RESERVATION

A hotel or rental car reservation secured by a credit card number. In exchange for your card number, the hotel or rental agency promises to have a room or vehic... (more...)

A hotel or rental car reservation secured by a credit card number. In exchange for your card number, the hotel or rental agency promises to have a room or vehicle for you no matter when you show up. If you have a guaranteed reservation with a hotel, it must provide you with a room, either at that hotel or at another comparable establishment. If you have a guaranteed reservation with a car agency, it must provide you with a vehicle. The downside of a guaranteed reservation is that if you don't show up and haven't cancelled your reservation, you will be billed for one night in the room or one day's use of the vehicle.

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Flint Bankruptcy & Debt Lawyer, Michigan

Sponsored Law Firm

Marrs & Terry, PLLC

SPONSORED LAWYERS

Troy Green

Alan D. Walton

Kyla K. Stepp

Elizabeth Christine Ashton

Timothy R. Kalbfleisch

Elizabeth Christine Ashton

Jack E. Tubbs

Elizabeth Joy Train

Dianne S. Ruhlandt

Sean Robert Miller

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LEGAL TERMS

SETOFF

PRESUMED ABUSE

IRS EXPENSES

DISCHARGEABLE DEBTS

FCRA

MEANS TEST

FRAUDULENT TRANSFER

REDEMPTION

GUARANTEED RESERVATION

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