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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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Jonathan R. Moothart

Litigation, Federal Appellate Practice, Contract, Consumer Bankruptcy, Personal Injury

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9815 Miami Beach Rd, Williamsburg, MI 49690

Adam Troy Vernon

Landlord-Tenant, Trusts, Credit & Debt, Juvenile Law

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2373 S I 75 Business Loop, Grayling, MI 49738

Corey J. Wiggins

Landlord-Tenant, Family Law, Business, Collection

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437 E Division St, Cadillac, MI 49601

Cheryl N. Sarlund

Divorce, Elder Law, Contract, Bankruptcy

Status: Licensed: 33 Years

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4482 Paper Birch Lane, Traverse City, MI 49686

Roy Jay Montney

Construction, Trusts, Contract, Collection

Status: Licensed: 34 Years

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1022 E Front St, Traverse City, MI 49686

Christopher L. Campbell

Landlord-Tenant, Social Security, Family Law, Credit & Debt

Status: Licensed: 50 Years

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735 S Garfield Ave, Traverse City, MI 49686

Timothy R. Trichler

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

Status: Licensed: 34 Years

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2604 Sunnyside Dr., Cadillac, MI 49601

Gerald F Chefalo

Traffic, Divorce & Family Law, Criminal, Corporate, Bankruptcy

Status: Licensed: 27 Years

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502 Railroad Ave, Traverse City, MI 49686

David A. Bieganowski

Business, Collection, Real Estate, Estate

Status: Licensed: 29 Years

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400 E Eighth St, Traverse City, MI 49685

Mark A. Hullman

Construction, Trusts, Estate Planning, Contract, Credit & Debt

Status: Licensed: 54 Years

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3230 Racquet Club Dr, Traverse City, MI 49684

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LEGAL TERMS

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.

DISCHARGE (OF DEBTS)

A bankruptcy court's erasure of the debts of a person or business that has filed for bankruptcy.

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.

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.

TOXIC TORT

A personal injury caused by exposure to a toxic substance, such as asbestos or hazardous waste. Victims can sue for medical expenses, lost wages and pain and su... (more...)

A personal injury caused by exposure to a toxic substance, such as asbestos or hazardous waste. Victims can sue for medical expenses, lost wages and pain and suffering.

BANKRUPTCY TRUSTEE

A person appointed by the court to oversee the case of a person or business that has filed for bankruptcy. In a consumer Chapter 7 case, the trustee's role is t... (more...)

A person appointed by the court to oversee the case of a person or business that has filed for bankruptcy. In a consumer Chapter 7 case, the trustee's role is to gather the debtor's nonexempt property, liquidate it and distribute it proportionally to her creditors. In a Chapter 13 case, the trustee's role is to receive the debtor's monthly payments and distribute them proportionally to her creditors.

UNDUE HARDSHIP

The circumstances in which a debtor may discharge a student loan in bankruptcy. For example, a debtor who has no income and little chance of earning enough in t... (more...)

The circumstances in which a debtor may discharge a student loan in bankruptcy. For example, a debtor who has no income and little chance of earning enough in the future to pay off the loan may be able to show that repayment would be an undue hardship.

COSIGNER

A person who signs his or her name to a loan agreement, lease or credit application. If the primary debtor does not pay, the cosigner is fully responsible for t... (more...)

A person who signs his or her name to a loan agreement, lease or credit application. If the primary debtor does not pay, the cosigner is fully responsible for the loan or debt. Many people use cosigners to qualify for a loan or credit card. Landlords may require a cosigner when renting to a student or someone with a poor credit history.

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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Fife Lake Bankruptcy & Debt Lawyer, Michigan

Sponsored Law Firm

Marrs & Terry, PLLC

SPONSORED LAWYERS

Jonathan R. Moothart

Adam Troy Vernon

Corey J. Wiggins

Cheryl N. Sarlund

Roy Jay Montney

Christopher L. Campbell

Timothy R. Trichler

Gerald F Chefalo

David A. Bieganowski

Mark A. Hullman

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LEGAL TERMS

IRS EXPENSES

DISCHARGE (OF DEBTS)

PROCEEDS FOR DAMAGED EXEMPT PROPERTY

BANKRUPTCY

TOXIC TORT

BANKRUPTCY TRUSTEE

UNDUE HARDSHIP

COSIGNER

REAFFIRMATION

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