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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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Kenneth W. Beall

Tax, Real Estate, Litigation, Business, Bankruptcy

Status: In Good Standing

CONTACT

124 W Allegan St, Lansing, MI 48933

Eric Jon Nelson

General Practice

Status: In Good Standing Licensed: 14 Years

CONTACT

2423 Afton Pl, Lansing, MI 48906

Jerome L. Reide

Civil Rights, Car Accident, Race Discrimination, Reorganization

Status: In Good Standing Licensed: 28 Years

CONTACT

115 W Allegan St, Lansing, MI 48933

Jennifer D. Martin

Divorce, Elder Law, Insurance, Collection

Status: In Good Standing Licensed: 27 Years

CONTACT

Lansing, MI 48909

Caroline Jennifer Kingston

Commercial Bankruptcy

Status: In Good Standing Licensed: 19 Years

CONTACT

308 Law College Building B, East Lansing, MI 48824

Jessica L. Zimbelman

Federal Appellate Practice, Criminal, Collection

Status: In Good Standing Licensed: 16 Years

CONTACT

200 N Washington Square, Lansing, MI 48933

Kurt F. Berryman

Tax, Biotechnology, Gift Taxation, Consumer Bankruptcy

Status: In Good Standing Licensed: 28 Years

CONTACT

209 N Walnut St, Lansing, MI 48933

Michael R Bell

Tax, Federal Appellate Practice, Administrative Law, Credit & Debt

Status: In Good Standing Licensed: 32 Years

CONTACT

Lansing, MI 48909

Michael R. Bell

Tax, Federal Appellate Practice, Administrative Law, Credit & Debt

Status: In Good Standing Licensed: 32 Years

CONTACT

Lansing, MI 48909

Kathy P. Fitzgerald

Consumer Rights, Consumer Bankruptcy

Status: In Good Standing Licensed: 45 Years

CONTACT

525 W Ottawa St, Lansing, MI 48933

800-923-0641

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LEGAL TERMS

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.

GARNISHMENT

A court-ordered process that takes property from a person to satisfy a debt. For example, a person who owes money to a creditor may have her wages garnished if ... (more...)

A court-ordered process that takes property from a person to satisfy a debt. For example, a person who owes money to a creditor may have her wages garnished if she loses a lawsuit filed by the creditor. Up to 25% of a person's wages can be deducted.

FAIR DEBT COLLECTIONS & PRACTICES ACT (FDCPA)

A federal law that outlaws unfair debt collection practices, including lying, harassing, misleading and otherwise abusing debtors, by debt collectors working fo... (more...)

A federal law that outlaws unfair debt collection practices, including lying, harassing, misleading and otherwise abusing debtors, by debt collectors working for collection agencies. The law does not apply to creditors collecting their own debts. This law has greatly improved conditions for debtors, although more than a few debt collectors ignore the law. If a collection agency violates the law, debtors can contact the Federal Trade Commission for help.

LIQUIDATING PARTNER

The member of an insolvent or dissolving partnership responsible for paying the debts and settling the accounts of the partnership.

CCCS

See Consumer Credit Counseling Service.

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.

DEBIT CARD

A card issued by a bank that combines the functions of an ATM card and checks. A debit card can be used to withdraw cash at a bank like an ATM card, and it can ... (more...)

A card issued by a bank that combines the functions of an ATM card and checks. A debit card can be used to withdraw cash at a bank like an ATM card, and it can also be used at stores to pay for goods and services in place of a check. Unlike a credit card, a debit card automatically withdraws money from your checking account at the time of the transaction. Debit cards are regulated by the Electronic Funds Transfer 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.

NONPROFIT CORPORATION

A legal structure authorized by state law allowing people to come together to either benefit members of an organization (a club, or mutual benefit society) or f... (more...)

A legal structure authorized by state law allowing people to come together to either benefit members of an organization (a club, or mutual benefit society) or for some public purpose (such as a hospital, environmental organization or literary society). Nonprofit corporations, despite the name, can make a profit, but the business cannot be designed primarily for profit-making purposes, and the profits must be used for the benefit of the organization or purpose the corporation was created to help. When a nonprofit corporation dissolves, any remaining assets must be distributed to another nonprofit, not to board members. As with for-profit corporations, directors of nonprofit corporations are normally shielded from personal liability for the organization's debts. Some nonprofit corporations qualify for a federal tax exemption under _ 501(c)(3) of the Internal Revenue Code, with the result that contributions to the nonprofit are tax deductible by their donors.

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Ovid Bankruptcy & Debt Lawyer, Michigan, page 5

Sponsored Law Firm

Marrs & Terry, PLLC

SPONSORED LAWYERS

Kenneth W. Beall

Eric Jon Nelson

Jerome L. Reide

Jennifer D. Martin

Caroline Jennifer Kingston

Jessica L. Zimbelman

Kurt F. Berryman

Michael R Bell

Michael R. Bell

Kathy P. Fitzgerald

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LEGAL TERMS

SECURED DEBT

GARNISHMENT

FAIR DEBT COLLECTIONS & PRACTICES ACT (FDCPA)

LIQUIDATING PARTNER

CCCS

CHAPTER 13 BANKRUPTCY

DEBIT CARD

MEANS TEST

NONPROFIT CORPORATION

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