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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.
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Includes: Bankruptcy Litigation, Commercial Bankruptcy, Consumer Bankruptcy, Dissolution

Donald J. Baranski

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Divorce & Family Law, Estate, Employment, Criminal, Consumer Bankruptcy

Thirty years in general practice

Donald J. Baranski received his Bachelor of Arts in Humanities Pre Law, from Michigan State University. This was a triple major of American History, P... (more)

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CONTACT

800-970-5860

4125 Okemos Road, Okemos, MI 48864

Christopher G. Bovid

Corporate, Banking & Finance, Bankruptcy Litigation, Bankruptcy

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FREE CONSULTATION

CONTACT

915 North Michigan Avenue, Howell, MI 48843

Kimberly C. Wilson

Real Estate, Reinsurance, Business, Consumer Bankruptcy

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CONTACT

759 Beverly Park Pl, Jackson, MI 49203

Anne Walker White

Biotechnology, Labor Law, Business, Consumer Bankruptcy

Status: Licensed: 41 Years

CONTACT

1 Comtronics Pl, Jackson, MI 49203

Thomas Patrick Riley

Other, Industry Specialties, Consumer Bankruptcy, Bankruptcy & Debt

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CONTACT

500 W Michigan Ave, Jackson, MI 49201

Darryl R. Mazur

Consumer Bankruptcy, Criminal

Status: Licensed: 52 Years

CONTACT

4203 Aspen Way, Jackson, MI 49201

Lineas L Baze

Bankruptcy

Status: Licensed: 42 Years

CONTACT

335 W Cortland Ave, Jackson, MI 49201

Larry William Schlusler

Administrative Law, Bankruptcy, Workers' Compensation, Social Security

Status:

CONTACT

3625 Whispering Woods Dr, Jackson, MI 49201

Aaron L. Vorce

Real Estate, Litigation, Consumer Rights, Consumer Bankruptcy

Status: Licensed: 20 Years

CONTACT

1 Energy Plaza Dr, Jackson, MI 49201

Patrick Anthony Mcveigh

Commercial Real Estate, Real Estate, Criminal, Consumer Bankruptcy

Status: Licensed: 14 Years

CONTACT

13453 Riker Rd, Chelsea, MI 48118

800-814-6700

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LEGAL TERMS

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.

FAIR LABOR STANDARDS ACT (FLSA)

A federal law that guarantees a worker's right to be paid fairly. The FLSA defines the 40-hour workweek, sets out the federal minimum wage, states requirements ... (more...)

A federal law that guarantees a worker's right to be paid fairly. The FLSA defines the 40-hour workweek, sets out the federal minimum wage, states requirements for overtime and places restrictions on child labor.

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.

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.

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.

CHAPTER 13 BANKRUPTCY

The reorganization bankruptcy for consumers, in which you partially or fully repay your debts. In Chapter 13 bankruptcy, you keep your property and use your inc... (more...)

The reorganization bankruptcy for consumers, in which you partially or fully repay your debts. In Chapter 13 bankruptcy, you keep your property and use your income to pay all or a portion of the debts over three to five years. The minimum amount you must pay is roughly equal to the value of your nonexempt property. In addition, you must pledge your disposable net income -- after subtracting reasonable expenses -- for the period during which you are making payments. At the end of the three-to five-year period, the balance of what you owe on most debts is erased.

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.

WORKOUT

A debtor's plan to take care of a debt, by paying it off or through loan forgiveness. Workouts are often created to avoid bankruptcy or foreclosure proceedings.

SETOFF

A claim made by someone who allegedly owes money, that the amount should be reduced because the other person owes him money. This is often raised in a countercl... (more...)

A claim made by someone who allegedly owes money, that the amount should be reduced because the other person owes him money. This is often raised in a counterclaim filed by a defendant in a lawsuit. Banks may try to exercise a setoff by taking money out of a deposit account to satisfy past due payments on a loan or credit card bill. Such an act is illegal under most circumstances.

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Jackson Bankruptcy Lawyer, Michigan

Sponsored Law Firm

Marrs & Terry, PLLC

SPONSORED LAWYERS

Donald J. Baranski

Christopher G. Bovid

Kimberly C. Wilson

Anne Walker White

Thomas Patrick Riley

Darryl R. Mazur

Lineas L Baze

Larry William Schlusler

Aaron L. Vorce

Patrick Anthony Mcveigh

TIPS

LEGAL TERMS

FRAUDULENT TRANSFER

FAIR LABOR STANDARDS ACT (FLSA)

FORBEARANCE

DISCHARGEABLE DEBTS

CONSUMER CREDIT COUNSELING SERVICE (CCCS)

CHAPTER 13 BANKRUPTCY

CHAPTER 7 BANKRUPTCY

WORKOUT

SETOFF

SAMPLE LEGAL CASES

RDM Holdings, Ltd. v. Continental Plastics Co.

Gulf Underwriters Ins. Co. v. McCLAIN INDUSTRIES, INC.

MICHIGAN COMMERCE BANK v. PALMS INVESTMENTS, LLC

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