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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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Jesse L. Williams

Real Estate, Family Law, Bankruptcy, Personal Injury

Status: In Good Standing Licensed: 19 Years

CONTACT

2899 Benzie Highway, Benzonia, MI 49616

Jesse Latta Williams

Government, Divorce & Family Law, Criminal, Bankruptcy & Debt

Status: In Good Standing

CONTACT

2899 Benzie Highway, Benzonia, MI 49616

Bryan William Langepfeffer

Family Law, Contract, Credit & Debt, Personal Injury

Status: In Good Standing Licensed: 17 Years

CONTACT

6168 River Road, Benzonia, MI 49616

Clark C. Johnson

Real Estate, Aviation, Family Law, Consumer Bankruptcy

Status: In Good Standing Licensed: 54 Years

CONTACT

Glen Arbor, MI 49636

Ronald A. Schuknecht

Motor Vehicle, Dispute Resolution, Criminal, Consumer Bankruptcy

Status: In Good Standing

CONTACT

10799 Sweet Lilac Ln, Interlochen, MI 49643

Blair Griewahn

Lawsuit & Dispute, Art, Family Law, Collection

Status: In Good Standing Licensed: 16 Years

CONTACT

121 Drivers Edge Ln, Traverse City, MI 49684

David Boyer

Criminal, Bankruptcy & Debt

Status: In Good Standing Licensed: 34 Years

CONTACT

243 Midtown Dr, Traverse City, MI 49684

David Gregory Boyer

Criminal, Bankruptcy & Debt

Status: In Good Standing Licensed: 34 Years

CONTACT

243 Midtown Dr, Traverse City, MI 49684

Lee Eric Ranieri

Health Care Other, Employee Rights, Contract, Credit & Debt, Landlord-Tenant

Status: In Good Standing Licensed: 18 Years

CONTACT

4020 Copper Vw, Traverse City, MI 49684

Daniel O. Myers

Class Action, Consumer Rights, Consumer Bankruptcy

Status: In Good Standing Licensed: 31 Years

CONTACT

818 Red Drive, Traverse City, MI 49684

800-923-0641

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LEGAL TERMS

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.

PREFERENCE

A payment made by a debtor to a creditor within a defined period prior to filing for bankruptcy -- within three months for arms-length creditors (regular commer... (more...)

A payment made by a debtor to a creditor within a defined period prior to filing for bankruptcy -- within three months for arms-length creditors (regular commercial creditors) and within one year for insider creditors (friends, family members, and business associates). Because a preference gives the creditor who received the payment an edge over other creditors in the bankruptcy case, the trustee can recover the preference (the amount of the payment) and distribute it among all of the creditors.

CREDIT COUNSELING

Counseling that explores the possibility of repaying debts outside of bankruptcy and educates the debtor about credit, budgeting, and financial management. Unde... (more...)

Counseling that explores the possibility of repaying debts outside of bankruptcy and educates the debtor about credit, budgeting, and financial management. Under the new bankruptcy law, a debtor must undergo credit counseling with an approved provider before filing for bankruptcy.

C CORPORATION

Common business slang to distinguish a corporation whose profits are taxed separate from its owners under subchapter C of the Internal Revenue Code, from an S c... (more...)

Common business slang to distinguish a corporation whose profits are taxed separate from its owners under subchapter C of the Internal Revenue Code, from an S corporation, whose profits are passed through to shareholders and taxed on their personal returns under subchapter S of the Internal Revenue Code.

CREDITOR

A person or entity (such as a bank) to whom a debt is owed.

TRUTH IN LENDING ACT (TILA)

A federal law that requires credit and charge card companies to disclose interest rates and other information about an account. It also requires lenders to disc... (more...)

A federal law that requires credit and charge card companies to disclose interest rates and other information about an account. It also requires lenders to disclose the terms of a loan, including the total amount of the loan, the annual interest rate and the number, amount and due dates of all payments necessary to repay the loan. The TILA requires additional disclosures and places many restrictions on mortgages.

DEFINED CONTRIBUTION PLAN

A type of pension plan that does not guarantee any particular pension amount upon retirement. Instead, the employer pays into the pension fund a certain amount ... (more...)

A type of pension plan that does not guarantee any particular pension amount upon retirement. Instead, the employer pays into the pension fund a certain amount every month, or every year, for each employee. The employer usually pays a fixed percentage of an employee's wages or salary, although sometimes the amount is a fraction of the company's profits, with the size of each employee's pension share depending on the amount of wage or salary. Upon retirement, each employee's pension is determined by how much was contributed to the fund on behalf of that employee over the years, plus whatever earnings that money has accumulated as part of the investments of the entire pension fund.

UNSECURED DEBT

A debt that is not tied to any item of property. A creditor doesn't have the right to grab property to satisfy the debt if you default. The creditor's only reme... (more...)

A debt that is not tied to any item of property. A creditor doesn't have the right to grab property to satisfy the debt if you default. The creditor's only remedy is to sue you and get a judgment. Compare secured debt.

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.

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Honor Bankruptcy & Debt Lawyer, Michigan

Sponsored Law Firm

Marrs & Terry, PLLC

SPONSORED LAWYERS

Jesse L. Williams

Jesse Latta Williams

Bryan William Langepfeffer

Clark C. Johnson

Ronald A. Schuknecht

Blair Griewahn

David Boyer

David Gregory Boyer

Lee Eric Ranieri

Daniel O. Myers

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LEGAL TERMS

FORBEARANCE

PREFERENCE

CREDIT COUNSELING

C CORPORATION

CREDITOR

TRUTH IN LENDING ACT (TILA)

DEFINED CONTRIBUTION PLAN

UNSECURED DEBT

BANKRUPTCY

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