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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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John W. Lewis

Land Use & Zoning, Family Law, Insurance, Bankruptcy

Status: In Good Standing

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150 S Stewart Ave, Big Rapids, MI 49307

Peter M. Jaklevic

Real Estate, Criminal, Business, Consumer Bankruptcy

Status: In Good Standing Licensed: 31 Years

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400 Elm St, Big Rapids, MI 49307

Russell E. Lewis

Other, Government, Criminal, Collection

Status: In Good Standing Licensed: 39 Years

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119 South St, Big Rapids, MI 49307

James R. Samuels

Criminal, Collection

Status: In Good Standing

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10021 Sylvan Dr, Mecosta, MI 49332

Timothy R. Trichler

Wills & Probate, Divorce & Family Law, Bankruptcy & Debt

Status: In Good Standing Licensed: 34 Years

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2604 Sunnyside Dr., Cadillac, MI 49601

Corey J. Wiggins

Landlord-Tenant, Family Law, Business, Collection

Status: In Good Standing

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437 E Division St, Cadillac, MI 49601

Tara S. Hovey

Family Law, Elder Law, Contract, Collection

Status: In Good Standing

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195 S Main St, Harrison, MI 48625

Erin Lee Fisher

Insurance, Collection, Wrongful Death, Elder Law

Status: In Good Standing Licensed: 13 Years

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31 E Wood St, Newaygo, MI 49337

David T. McAndrew

Wills & Probate, Trusts, Estate Planning, Bankruptcy

Status: In Good Standing

FREE CONSULTATION

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651 Richard Drive, Harrison, MI 48625

David T. Mcandrew

Estate Planning, Divorce, Elder Law, Bankruptcy

Status: In Good Standing

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651 Richard Dr, Harrison, MI 48625

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LEGAL TERMS

COLLECTION AGENCY

A company hired by a creditor to collect a debt that it is owed. Creditors typically hire a collection agency only after they have made efforts to collect the d... (more...)

A company hired by a creditor to collect a debt that it is owed. Creditors typically hire a collection agency only after they have made efforts to collect the debt themselves, typically through letters (called 'dunning' letters) and telephone calls. Collection agencies are regulated by the federal Fair Debt Collection Practices Act. Unfortunately, too many collectors ignore this law.

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.

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.

HOUSEHOLDER

A person who supports and maintains a household, with or without other people. In bankruptcy law, a householder, housekeeper or head of household can claim a ho... (more...)

A person who supports and maintains a household, with or without other people. In bankruptcy law, a householder, housekeeper or head of household can claim a homestead exemption and possibly other exemptions relating to the maintenance of the household.

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.

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.

S CORPORATION

A term that describes a profit-making corporation organized under state law whose shareholders have applied for and received subchapter S corporation status fro... (more...)

A term that describes a profit-making corporation organized under state law whose shareholders have applied for and received subchapter S corporation status from the Internal Revenue Service. Electing to do business as an S corporation lets shareholders enjoy limited liability status, as would be true of any corporation, but be taxed like a partnership or sole proprietor. That is, instead of being taxed as a separate entity (as would be the case with a regular or C corporation) an S corporation is a pass-through tax entity: income taxes are reported and paid by the shareholders, not the S corporation. To qualify as an S corporation a number of IRS rules must be met, such as a limit of 75 shareholders and citizenship requirements.

CREDITOR

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

MEETING OF CREDITORS

A meeting held with the bankruptcy trustee about a month after you file for bankruptcy. You must attend. The trustee reviews your bankruptcy papers and asks a f... (more...)

A meeting held with the bankruptcy trustee about a month after you file for bankruptcy. You must attend. The trustee reviews your bankruptcy papers and asks a few questions. In a Chapter 7, the meeting of creditors lasts a few minutes and rarely do any creditors show up. In a Chapter 13 bankruptcy, one or two creditors may attend, especially if they disagree with some provision of your repayment plan.

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Reed City Bankruptcy & Debt Lawyer, Michigan

Sponsored Law Firm

Marrs & Terry, PLLC

SPONSORED LAWYERS

John W. Lewis

Peter M. Jaklevic

Russell E. Lewis

James R. Samuels

Timothy R. Trichler

Corey J. Wiggins

Tara S. Hovey

Erin Lee Fisher

David T. McAndrew

David T. Mcandrew

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LEGAL TERMS

COLLECTION AGENCY

FRAUDULENT TRANSFER

CHAPTER 13 BANKRUPTCY

HOUSEHOLDER

SETOFF

WORKOUT

S CORPORATION

CREDITOR

MEETING OF CREDITORS

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