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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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Spiros T. Michals

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Accident & Injury, Bankruptcy, Business, Estate

Spiro Michals Attorney at Law is a founding Partner of the firm of Michals & Michals, LLC and heads the General Law division of the firm. He practices... (more)

FREE CONSULTATION

CONTACT

888-274-8439

955 W Broadway Ave, Muskegon, MI 49441

Mark C. Miller

Employee Rights, Contract, Credit & Debt, Personal Injury

Status: Licensed: 20 Years

CONTACT

20 E Main St, Fremont, MI 49412

Robert A. Stariha

Other, Estate Planning, Consumer Bankruptcy, Medical Malpractice

Status: Licensed: 47 Years

CONTACT

48 W Main St, Fremont, MI 49412

John W. Lewis

Land Use & Zoning, Family Law, Insurance, Bankruptcy

Status:

CONTACT

150 S Stewart Ave, Big Rapids, MI 49307

Peter M. Jaklevic

Real Estate, Criminal, Business, Consumer Bankruptcy

Status: Licensed: 32 Years

CONTACT

400 Elm St, Big Rapids, MI 49307

Russell E. Lewis

Other, Government, Criminal, Collection

Status: Licensed: 40 Years

CONTACT

119 South St, Big Rapids, MI 49307

Erin Lee Fisher

Insurance, Collection, Wrongful Death, Elder Law

Status: Licensed: 14 Years

CONTACT

31 E Wood St, Newaygo, MI 49337

Cory Curtis Rickett

Commercial Real Estate, Copyright, Oil & Gas, Collection

Status: Licensed: 12 Years

CONTACT

216 S James St, Ludington, MI 49431

James R. Samuels

Criminal, Collection

Status:

CONTACT

10021 Sylvan Dr, Mecosta, MI 49332

Timothy R. Trichler

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

Status: Licensed: 35 Years

CONTACT

2604 Sunnyside Dr., Cadillac, MI 49601

800-814-6700

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LEGAL TERMS

GRACE PERIOD

A period of time during which you are not required to make payments on a debt. For example, most credit cards give you a grace period of 20-30 days before you h... (more...)

A period of time during which you are not required to make payments on a debt. For example, most credit cards give you a grace period of 20-30 days before you have to pay interest on the amount of your purchases. Cash advances, however, usually have no grace period; interest begins to accumulate from the date of the withdrawal, even if you pay your bills on time. Also, some student loans give you a grace period after graduating or dropping out of school. During this time, you are not required to make payments on your loan.

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.

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.

FORBEARANCE

Voluntarily refraining from doing something, such as asserting a legal right. For example, a creditor may forbear on its right to collect a debt by temporarily ... (more...)

Voluntarily refraining from doing something, such as asserting a legal right. For example, a creditor may forbear on its right to collect a debt by temporarily postponing or reducing the borrower's payments.

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.

NO-FAULT INSURANCE

Car insurance laws that require the insurance companies of each person in an accident to pay for medical bills and lost wages of their insured, up to a certain ... (more...)

Car insurance laws that require the insurance companies of each person in an accident to pay for medical bills and lost wages of their insured, up to a certain amount, regardless of who was at fault. The effect of no-fault insurance laws is to eliminate lawsuits in small accidents. The advantage is the prompt payment of medical bills and expenses. The downsides are that the amounts paid by no-fault policies are often not enough to fully cover a person's losses and that no-fault does not compensate for pain and suffering.

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.

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.

BULK SALES LAW

A law that regulates the transfer of business assets so that business owners cannot dispose of assets in order to avoid creditors. If a business owner wants to ... (more...)

A law that regulates the transfer of business assets so that business owners cannot dispose of assets in order to avoid creditors. If a business owner wants to conduct a bulk sale of business assets -- that is, get rid of an unusually large amount of inventory, merchandise or equipment -- the business owner must typically publish a notice of the sale and give written notice to creditors. Then, the owner must set up an account to hold the funds from the sale for a brief period of time during which creditors may make claims against the money. The prohibition against bulk sales is spelled out in the Uniform Commercial Code -- and laws modeled on the UCC have been generally adopted throughout the country.

Bitely Bankruptcy & Debt Lawyer, Michigan

Sponsored Law Firm

Marrs & Terry, PLLC

SPONSORED LAWYERS

Spiros T. Michals

Mark C. Miller

Robert A. Stariha

John W. Lewis

Peter M. Jaklevic

Russell E. Lewis

Erin Lee Fisher

Cory Curtis Rickett

James R. Samuels

Timothy R. Trichler

TIPS

LEGAL TERMS

GRACE PERIOD

UNSECURED DEBT

GARNISHMENT

FORBEARANCE

DEBT COLLECTOR

NO-FAULT INSURANCE

MEETING OF CREDITORS

BANKRUPTCY

BULK SALES LAW

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