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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.
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Anissa Cherri Hudy

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Bankruptcy & Debt, Estate, Landlord-Tenant, Litigation

Anissa Hudy is a practicing lawyer in the state of Michigan.

CONTACT

248-417-9154

P.O. Box 249, New Baltimore, MI 48047

David R. Heyboer

✓ VERIFIED

Criminal, DUI-DWI, Bankruptcy & Debt, Personal Injury, Real Estate

When you've been arrested and facing criminal charges, there can be serious consequences for you and your family. Don't face your criminal charges alo... (more)

FREE CONSULTATION

CONTACT

800-953-6751

3051 Commerce Drive, Fort Gratiot, MI 48059

Noel James Ravenscroft

Banking & Finance, Business, Bankruptcy, Litigation

Status: In Good Standing Licensed: 11 Years

CONTACT

37550 Hebel Rd, Richmond, MI 48062

Beverly G. Wheelihan

Other, Consumer Bankruptcy

Status: In Good Standing Licensed: 19 Years

CONTACT

103 W Church St, Capac, MI 48014

Ryan L. Westbrook

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

Status: In Good Standing Licensed: 15 Years

CONTACT

117 S Main St, Almont, MI 48003

Scott L. Mazey

Bankruptcy & Debt, Divorce & Family Law, Criminal, Estate, Real Estate

Status: In Good Standing Licensed: 31 Years

CONTACT

117 S Main St, Almont, MI 48003

Kyle James Bristow

Employee Rights, Contract, Collection, Wrongful Death

Status: In Good Standing

CONTACT

Saint Clair, MI 48079

Kyle Bristow

Employee Rights, Contract, Collection, Wrongful Death

Status: In Good Standing

CONTACT

Saint Clair, MI 48079

Christopher Joseph Collier

Family Law, Personal Injury, Commercial Bankruptcy, Criminal

Status: In Good Standing Licensed: 50 Years

CONTACT

8989 Pippen Dr, Romeo, MI 48065

Timothy J. Miller

Lawsuit & Dispute, Employment, Bankruptcy

Status: In Good Standing Licensed: 40 Years

CONTACT

64541 Van Dyke Rd, Washington, MI 48095

800-923-0641

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LEGAL TERMS

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.

SECURED DEBT

A debt on which a creditor has a lien. The creditor can institute a foreclosure or repossession to take the property identified by the lien, called the collater... (more...)

A debt on which a creditor has a lien. The creditor can institute a foreclosure or repossession to take the property identified by the lien, called the collateral, to satisfy the debt if you default. Compare unsecured debt.

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.

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.

PRIORITY DEBT

A type of debt that is paid first if there are distributions made from the bankruptcy estate in a Chapter 7 bankruptcy, and must be paid in full in a Chapter 13... (more...)

A type of debt that is paid first if there are distributions made from the bankruptcy estate in a Chapter 7 bankruptcy, and must be paid in full in a Chapter 13 bankruptcy. Priority debts include alimony and child support, fees owed to the trustee and the attorney in the bankruptcy case, and wages owed to employees.

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.

DEBT COLLECTOR

A person who works in the in-house collections department of an original creditor or a collection agency to track down debtors and get them to pay what they owe... (more...)

A person who works in the in-house collections department of an original creditor or a collection agency to track down debtors and get them to pay what they owe. Debt collectors can be relentless, often using scare tactics, humiliation and repeated phone calls to extract payments or promises to pay.

LIMITED LIABILITY

The maximum amount a business owner can lose if the business is subject to debts, claims or other liabilities. An owner of a limited liability company (LLC) or ... (more...)

The maximum amount a business owner can lose if the business is subject to debts, claims or other liabilities. An owner of a limited liability company (LLC) or a person who invests in a corporation (a shareholder) generally stands to lose only the amount of money invested in the business. This means that if the business folds, creditors cannot seize or sell an owner's home, car, or other personal assets.

ABUSE

Misuse of the Chapter 7 bankruptcy remedy. This term is typically applied to Chapter 7 bankruptcy filings that should have been filed under Chapter 13, because ... (more...)

Misuse of the Chapter 7 bankruptcy remedy. This term is typically applied to Chapter 7 bankruptcy filings that should have been filed under Chapter 13, because the debtor appears to have enough disposable income to fund a Chapter 13 repayment plan.

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Memphis Bankruptcy & Debt Lawyer, Michigan

Sponsored Law Firm

Marrs & Terry, PLLC

SPONSORED LAWYERS

Anissa Cherri Hudy

David R. Heyboer

Noel James Ravenscroft

Beverly G. Wheelihan

Ryan L. Westbrook

Scott L. Mazey

Kyle James Bristow

Kyle Bristow

Christopher Joseph Collier

Timothy J. Miller

TIPS

LEGAL TERMS

CHAPTER 13 BANKRUPTCY

SECURED DEBT

ADMINISTRATIVE EXPENSES

PREFERENCE

PRIORITY DEBT

401(K) PLAN

DEBT COLLECTOR

LIMITED LIABILITY

ABUSE

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