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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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Brandon Gardner

Litigation, Criminal, Business, Bankruptcy

Status: Licensed: 15 Years

FREE CONSULTATION

CONTACT

250 Monroe Ave Nw, Grand Rapids, MI 49503

John A. Potter

US Courts, Divorce, Bankruptcy & Debt, Personal Injury

Status: Licensed: 38 Years

FREE CONSULTATION

CONTACT

161 Ottawa Avenue, NW, Grand Rapids, MI 49503

Brian E. Kersey

Electronic Commerce, Aviation, Business, Credit & Debt

Status: Licensed: 25 Years

CONTACT

99 Monroe Ave Nw, Grand Rapids, MI 49503

Wade Mcconnell

Collection, Civil Rights, Child Custody, Landlord-Tenant

Status:

CONTACT

44 Grandville Avenue Sw, Grand Rapids, MI 49503

Robert E. Lee Wright

Contract, Bankruptcy, Wrongful Death, Employee Rights

Status: Licensed: 45 Years

CONTACT

25 Division Ave S, Grand Rapids, MI 49503

Travis Thomas Russell

Foreclosure, Social Security, Bankruptcy, Bankruptcy & Debt

Status: Licensed: 14 Years

CONTACT

2040 Raybrook St Se, Grand Rapids, MI 49546

Jacob Thomas Tighe

Bankruptcy & Debt, Social Security -- Disability, Bankruptcy

Status: Licensed: 11 Years

CONTACT

2040 Raybrook St SE, Grand Rapids, MI 49546

Bryan Reeder

Trusts, Family Law, Administrative Law, Bankruptcy

Status:

CONTACT

124 Fulton St E, Grand Rapids, MI 49503

Jason Thomas O'Brien

Landlord-Tenant, Medicare & Medicaid, Social Security, Collection

Status: Licensed: 19 Years

CONTACT

25 Division Ave South, Grand Rapids, MI 49503

Karen M. Tjapkes

Other, Federal Appellate Practice, Consumer Rights, Consumer Bankruptcy

Status: Licensed: 25 Years

CONTACT

25 Division Ave South, Grand Rapids, MI 49503

800-814-6700

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LEGAL TERMS

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.

DISCHARGEABLE DEBTS

Debts that can be erased by going through bankruptcy. Most debts incurred prior to declaring bankruptcy are dischargeable, including back rent, credit card bill... (more...)

Debts that can be erased by going through bankruptcy. Most debts incurred prior to declaring bankruptcy are dischargeable, including back rent, credit card bills and medical bills. Compare nondischargeable debts.

CREDIT BUREAU

A private, profit-making company that collects and sells information about a person's credit history. Typical clients include banks, mortgage lenders and credit... (more...)

A private, profit-making company that collects and sells information about a person's credit history. Typical clients include banks, mortgage lenders and credit card companies that use the information to screen applicants for loans and credit cards. There are three major credit bureaus, Equifax, Experian and Trans Union, and they are regulated by the federal Fair Credit Reporting Act.

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.

PROCEEDS FOR DAMAGED EXEMPT PROPERTY

In a bankruptcy proceeding, money collected through insurance, arbitration, mediation, settlement or a lawsuit to pay for exempt property that's no longer exemp... (more...)

In a bankruptcy proceeding, money collected through insurance, arbitration, mediation, settlement or a lawsuit to pay for exempt property that's no longer exemptible because it has been damaged or destroyed.

LIABILITY

(1) The state of being liable--that is, legally responsible for an act or omission. Example:Peri hires Paul to fix a broken pipe in her bathroom, but the new pi... (more...)

(1) The state of being liable--that is, legally responsible for an act or omission. Example:Peri hires Paul to fix a broken pipe in her bathroom, but the new pipe bursts the day after Paul installs it, ruining the bathroom floor. This raises the issue of liability: Who is responsible for the damage? Peri claims that Paul is responsible, and sues him for the cost of hiring another plumber to fix the pipe and replacing the floor. Paul, in turn, claims that the pipe manufacturer is responsible, because they supplied him with faulty materials. Both Peri and Paul must prove their claims in court; if Paul and/or the manufacturer is found liable, one or both will have to pay damages to Peri. (2) Something for which a person is liable. For example, a debt is often called a liability.

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.

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.

REAFFIRMATION

An agreement that a debtor and a creditor enter into after a debtor has filed for bankruptcy, in which the debtor agrees to repay all or part of an existing deb... (more...)

An agreement that a debtor and a creditor enter into after a debtor has filed for bankruptcy, in which the debtor agrees to repay all or part of an existing debt after the bankruptcy case is over. For instance, a debtor might make a reaffirmation agreement with the holder of a car note that the debtor can keep the car and must continue to pay the debt after bankruptcy.

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Dorr Bankruptcy & Debt Lawyer, Michigan, page 3

Sponsored Law Firm

Marrs & Terry, PLLC

SPONSORED LAWYERS

Brandon Gardner

John A. Potter

Brian E. Kersey

Wade Mcconnell

Robert E. Lee Wright

Travis Thomas Russell

Jacob Thomas Tighe

Bryan Reeder

Jason Thomas O'Brien

Karen M. Tjapkes

TIPS

LEGAL TERMS

NUISANCE FEES

DISCHARGEABLE DEBTS

CREDIT BUREAU

GUARANTOR

PROCEEDS FOR DAMAGED EXEMPT PROPERTY

LIABILITY

PRIORITY DEBT

PRESUMED ABUSE

REAFFIRMATION

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