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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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Adam Edward Handy

Motor Vehicle, Lawsuit & Dispute, Estate, Contract, Consumer Bankruptcy

Status: In Good Standing Licensed: 14 Years

CONTACT

28175 Haggerty Rd, Novi, MI 48377

Alan M. Vosko

Mediation, Contract, Collection, Personal Injury

Status: In Good Standing Licensed: 52 Years

CONTACT

35300 Spring Hill Rd, Farmington, MI 48331

Andrew Antonio Kassab

Criminal, Bankruptcy

Status: In Good Standing Licensed: 15 Years

CONTACT

2900 Union Lake Rd, Commerce Township, MI 48382

Angela Strobel

Biotechnology, Administrative Law, Consumer Bankruptcy

Status: In Good Standing Licensed: 10 Years

CONTACT

35555 W 12 Mile Rd, Farmington, MI 48331

Anthony Heath Mcclerklin

Social Security, Divorce, Contract, Collection

Status: In Good Standing

CONTACT

28175 Haggerty Rd, Novi, MI 48377

Arghavan P. Di Rezze

Trusts, Divorce, Bankruptcy, Personal Injury

Status: In Good Standing Licensed: 7 Years

CONTACT

41800 W 11 Mile Rd, Novi, MI 48375

Bruce A. Mayrand

Commercial Real Estate, Estate Planning, Family Law, Bankruptcy

Status: In Good Standing Licensed: 19 Years

CONTACT

100 N Pond Dr, Commerce Township, MI 48390

Christene M. Richter

Landlord-Tenant, Real Estate, Lawsuit & Dispute, Collection

Status: In Good Standing Licensed: 21 Years

CONTACT

Wixom, MI 48393

Cullen Patrick Geisler

Landlord-Tenant, Trusts, DUI-DWI, Credit & Debt

Status: In Good Standing Licensed: 19 Years

CONTACT

28175 Haggerty Rd, Novi, MI 48377

Daniel J. M. Schouman

Other, Contract, Credit & Debt, Wrongful Death

Status: In Good Standing Licensed: 28 Years

CONTACT

1060 E West Maple Rd, Commerce Township, MI 48390

800-923-0641

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LEGAL TERMS

CHAPTER 7 BANKRUPTCY

The most familiar type of bankruptcy, in which many or all of your debts are wiped out completely in exchange for giving up your nonexempt property. Chapter 7 b... (more...)

The most familiar type of bankruptcy, in which many or all of your debts are wiped out completely in exchange for giving up your nonexempt property. Chapter 7 bankruptcy takes from three to six months, costs about $200, and commonly requires only one trip to the courthouse.

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.

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.

SECRET WARRANTY PROGRAM

A program under which a car manufacturer will make repairs for free on vehicles with persistent problems, even after the warranty has expired, in order to avoid... (more...)

A program under which a car manufacturer will make repairs for free on vehicles with persistent problems, even after the warranty has expired, in order to avoid a recall and the accompanying bad press. Secret warranties are rarely advertised by the manufacturer, so consumers must pursue the manufacturer to discover and take advantage of them. A few states require manufacturers to notify car buyers when they adopt secret warranty programs.

IRS EXPENSES

A table of national and regional expense estimates published by the IRS. Debtors whose current monthly income is more than their state's median family income mu... (more...)

A table of national and regional expense estimates published by the IRS. Debtors whose current monthly income is more than their state's median family income must use the IRS expenses to calculate their average net income in a Chapter 7 case, or their disposable income in a Chapter 13 case.

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.

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.

NONDISCHARGEABLE DEBTS

Debts that cannot be erased by filing for bankruptcy. If you file for Chapter 7 bankruptcy, these debts will remain when your case is over. If you file for Chap... (more...)

Debts that cannot be erased by filing for bankruptcy. If you file for Chapter 7 bankruptcy, these debts will remain when your case is over. If you file for Chapter 13 bankruptcy, the nondischargeable debts will have to be paid in full during your plan or you will have a balance at the end of your case. Examples of nondischargeable debts include alimony and child support, most income tax debts, many student loans and debts for personal injury or death caused by drunk driving. Compare dischargeable debts.

GUARANTOR

A person who makes a legally binding promise to either pay another person's debt or perform another person's duty if that person defaults or fails to perform. T... (more...)

A person who makes a legally binding promise to either pay another person's debt or perform another person's duty if that person defaults or fails to perform. The guarantor gives a 'guaranty,' which is an assurance that the debt or other obligation will be fulfilled.

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Walled Lake Bankruptcy & Debt Lawyer, Michigan

Sponsored Law Firm

Marrs & Terry, PLLC

SPONSORED LAWYERS

Adam Edward Handy

Alan M. Vosko

Andrew Antonio Kassab

Angela Strobel

Anthony Heath Mcclerklin

Arghavan P. Di Rezze

Bruce A. Mayrand

Christene M. Richter

Cullen Patrick Geisler

Daniel J. M. Schouman

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LEGAL TERMS

CHAPTER 7 BANKRUPTCY

UNSECURED DEBT

COLLECTION AGENCY

SECRET WARRANTY PROGRAM

IRS EXPENSES

BANKRUPTCY

ADMINISTRATIVE EXPENSES

NONDISCHARGEABLE DEBTS

GUARANTOR

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