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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

Catherine A. Deciechi Slagle

Real Estate, Bankruptcy, Landlord-Tenant, Litigation

Status: In Good Standing Licensed: 15 Years

CONTACT

Goodrich, MI 48438

Gerald R. Goulet

Family Law, Personal Injury, Bankruptcy, Government

Status: Suspended Licensed: 61 Years

CONTACT

10345 S State Rd, Goodrich, MI 48438

Erica Elise Mcgregor

Estate Planning, Estate, Contract, Collection

Status: In Good Standing Licensed: 27 Years

CONTACT

1201 S Ortonville Rd, Ortonville, MI 48462

Heather M. Bush

Wills & Probate, Wrongful Termination, Family Law, Bankruptcy

Status: In Good Standing Licensed: 29 Years

CONTACT

1408 Morninglow Dr, Grand Blanc, MI 48439

Zachary R. Tucker

Estate Planning, Children's Rights, Business, Bankruptcy

Status: In Good Standing

CONTACT

G-9460 S Saginaw Rd, Grand Blanc, MI 48439

Dennis M. Haley

Business, Bankruptcy & Debt

Status: In Good Standing

CONTACT

G-9460 S Saginaw Rd, Grand Blanc, MI 48439

Rex C. Anderson

Criminal, Consumer Bankruptcy, Bankruptcy, Personal Injury

Status: In Good Standing

CONTACT

9459 Lapeer Rd, Davison, MI 48423

Roxane Marie Kaye

Other, Estate Planning, Bankruptcy, Bankruptcy & Debt

Status: In Good Standing Licensed: 22 Years

CONTACT

8161 S Saginaw St, Grand Blanc, MI 48439

Robert Fraile

Traffic, Lawsuit & Dispute, Divorce & Family Law, Bankruptcy

Status: In Good Standing Licensed: 55 Years

CONTACT

327 Woodbridge Dr, Grand Blanc, MI 48439

800-923-0641

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LEGAL TERMS

WORKOUT

A debtor's plan to take care of a debt, by paying it off or through loan forgiveness. Workouts are often created to avoid bankruptcy or foreclosure proceedings.

REAFFIRMATION

An agreement that a debtor and a creditor enter into after a debtor has filed for bankruptcy, in which the debtor agrees to repay all or part of an existing deb... (more...)

An agreement that a debtor and a creditor enter into after a debtor has filed for bankruptcy, in which the debtor agrees to repay all or part of an existing debt after the bankruptcy case is over. For instance, a debtor might make a reaffirmation agreement with the holder of a car note that the debtor can keep the car and must continue to pay the debt after bankruptcy.

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.

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.

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.

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.

CCCS

See Consumer Credit Counseling Service.

BANKRUPTCY

A legal proceeding that relieves you of the responsibility of paying your debts or provides you with protection while attempting to repay your debts. There are ... (more...)

A legal proceeding that relieves you of the responsibility of paying your debts or provides you with protection while attempting to repay your debts. There are two types of bankruptcies -- liquidation, in which your debts are wiped out (discharged) and reorganization, in which you provide the court with a plan for how you intend to repay your debts. For both consumers and business, liquidation bankruptcy is called Chapter 7. For consumers, reorganization bankruptcy is called Chapter 13. Reorganization bankruptcy for consumers with an extraordinary amount of debt and for businesses is called Chapter 11. Reorganization bankruptcy for family farmers is called Chapter 12.

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.

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Goodrich Bankruptcy & Debt Lawyer, Michigan

Sponsored Law Firm

Marrs & Terry, PLLC

SPONSORED LAWYERS

Troy Green

Catherine A. Deciechi Slagle

Gerald R. Goulet

Erica Elise Mcgregor

Heather M. Bush

Zachary R. Tucker

Dennis M. Haley

Rex C. Anderson

Roxane Marie Kaye

Robert Fraile

TIPS

LEGAL TERMS

WORKOUT

REAFFIRMATION

DISPOSABLE INCOME

NONEXEMPT PROPERTY

LIABILITY

CHAPTER 13 PLAN

CCCS

BANKRUPTCY

SUBROGATION

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