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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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Jon Dallas Stratman

Bankruptcy, Bankruptcy & Debt

Status: In Good Standing

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866 3 Mile Road, N.W., Grand Rapids, MI 49544

Kurt D. Peterson

Workers' Compensation, Family Law, Elder Law, Collection

Status: In Good Standing

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203 S. Lafayette Street, Greenville, MI 48838

Erik Holt

Bankruptcy, Personal Injury, DUI-DWI, Divorce

Status: In Good Standing

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203 S. Lafayette St., Greenville, MI 48838

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

Brian L. Donovan

Bankruptcy, Estate, Real Estate, Collection

Status: In Good Standing Licensed: 45 Years

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5181 Plainfield Ave Ne, Grand Rapids, MI 49525

James R. Oppenhuizen

Bankruptcy, Estate Planning, Family Law, Litigation

Status: In Good Standing Licensed: 19 Years

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2810 E Beltline Ln Ne, Grand Rapids, MI 49525

David C. Andersen

Employment Discrimination, Collection, Bankruptcy, Bankruptcy & Debt

Status: In Good Standing Licensed: 45 Years

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701 3 Mile Rd Nw, Grand Rapids, MI 49544

Joseph M. Celello

Construction, Trademark, Contract, Collection

Status: In Good Standing Licensed: 12 Years

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2801 E Beltline Ave Ne, Grand Rapids, MI 49525

Rebecca L. Johnson

Lawsuit & Dispute, Bankruptcy, Bankruptcy & Debt

Status: In Good Standing Licensed: 21 Years

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701 3 Mile Rd Nw, Grand Rapids, MI 49544

David C. Andersen

Family Law, Consumer Bankruptcy, Bankruptcy, Bankruptcy & Debt

Status: In Good Standing

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866 3 Mile Rd Nw, Grand Rapids, MI 49544

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LEGAL TERMS

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.

FCBA

See Fair Credit Billing Act.

REDEMPTION

In Chapter 7 bankruptcy, when the debtor obtains legal title to collateral for a debt by paying the creditor the replacement value of the collateral in a lump s... (more...)

In Chapter 7 bankruptcy, when the debtor obtains legal title to collateral for a debt by paying the creditor the replacement value of the collateral in a lump sum. For example, a debtor may redeem a car note by paying the lender the amount a retail vendor would charge for the car, considering its age and condition.

NUISANCE FEES

Money charged by some credit card companies to increase their profits when you fail to use the card the way the creditor wants. Examples include late payment fe... (more...)

Money charged by some credit card companies to increase their profits when you fail to use the card the way the creditor wants. Examples include late payment fees, inactivity fees and fees for not carrying a balance from month to month. It's best to shop around and get rid of cards that have these fees attached.

PRESUMED ABUSE

In a Chapter 7 bankruptcy, when the debtor's current monthly income exceeds the family median income for his or her state and he or she cannot pass the means te... (more...)

In a Chapter 7 bankruptcy, when the debtor's current monthly income exceeds the family median income for his or her state and he or she cannot pass the means test, the court will presume that the debtor has sufficient income to fund a Chapter 13 plan. In this situation, the debtor will not be allowed to proceed with a Chapter 7 bankruptcy unless the debtor can prove that he or she is not abusing the Chapter 7 bankruptcy remedy.

CURRENT MONTHLY INCOME

As defined by the new bankruptcy law, a bankruptcy filer's total gross income (whether taxable or not), averaged over the six-month period immediately preceding... (more...)

As defined by the new bankruptcy law, a bankruptcy filer's total gross income (whether taxable or not), averaged over the six-month period immediately preceding the bankruptcy filing. The debtor's current monthly income is used to determine whether the debtor can file for Chapter 7 bankruptcy, among other things.

CONSUMER CREDIT COUNSELING SERVICE (CCCS)

A national non-profit agency that, at no cost, helps debtors plan budgets and repay their debts. One major criticism of CCCS is that each office is primarily fu... (more...)

A national non-profit agency that, at no cost, helps debtors plan budgets and repay their debts. One major criticism of CCCS is that each office is primarily funded by voluntary donations from the creditors that receive payments from debtors repaying their debts through that office. Despite this criticism, most CCCS counselors provide clients with thorough and neutral advice.

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.

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.

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Sand Lake Bankruptcy & Debt Lawyer, Michigan

Sponsored Law Firm

Marrs & Terry, PLLC

SPONSORED LAWYERS

Jon Dallas Stratman

Kurt D. Peterson

Erik Holt

Erin Lee Fisher

Brian L. Donovan

James R. Oppenhuizen

David C. Andersen

Joseph M. Celello

Rebecca L. Johnson

David C. Andersen

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LEGAL TERMS

PRIORITY DEBT

FCBA

REDEMPTION

NUISANCE FEES

PRESUMED ABUSE

CURRENT MONTHLY INCOME

CONSUMER CREDIT COUNSELING SERVICE (CCCS)

401(K) PLAN

FRAUDULENT TRANSFER

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