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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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Patricia Anne Johnson

Estate, Wrongful Termination, Divorce & Family Law, Bankruptcy

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2109 Hamilton Road, Okemos, MI 48864

David T. Bittner

Divorce, Contract, Collection, Personal Injury

Status: Licensed: 33 Years

CONTACT

710 E Grand River Ave, Howell, MI 48843

Sarah R. Prout

Family Law, Elder Law, Children's Rights, Reorganization

Status: Licensed: 27 Years

CONTACT

3893 Okemos Rd, Okemos, MI 48864

Dennis E. Path

Real Estate, Divorce & Family Law, Criminal, Administrative Law, Bankruptcy

Status: Licensed: 41 Years

CONTACT

4121 Okemos Rd, Okemos, MI 48864

Michael C. Van Huysse

Litigation, Federal Appellate Practice, Family Law, Collection

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2160 Hamilton Rd, Okemos, MI 48864

Jennifer Michelle Pierce

Family Law, Guardianships & Conservatorships, Elder Law, Bankruptcy

Status: Licensed: 12 Years

CONTACT

2112 University Park Dr, Okemos, MI 48864

Stephen William Michael

Estate Planning, Business, Consumer Bankruptcy, Estate

Status: Licensed: 13 Years

CONTACT

1278 Silverwood Dr, Okemos, MI 48864

Mick Grewal Sr.

Real Estate, Family Law, Criminal, Bankruptcy & Debt

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2290 Science Pkwy, Okemos, MI 48864

Charlene C. Brooks

Consumer Bankruptcy

Status: Licensed: 45 Years

CONTACT

2526 Dustin Rd, Okemos, MI 48864

Barnet George Levine

Foreclosure, Family Law, Contract, Credit & Debt

Status: Licensed: 11 Years

CONTACT

5454 Jessalee Cir, East Lansing, MI 48823

800-814-6700

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LEGAL TERMS

CHAPTER 13 PLAN

A document filed in a Chapter 13 bankruptcy in which the debtor shows how all of his or her disposable income will be used over a three- to five-year period to ... (more...)

A document filed in a Chapter 13 bankruptcy in which the debtor shows how all of his or her disposable income will be used over a three- to five-year period to pay all mandatory debts -- for example, back child support, taxes, and mortgage arrearages -- as well as some or all unsecured, nonpriority debts, such as medical and credit card bills.

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.

SOLE PROPRIETORSHIP

A business owned and managed by one person (or for tax purposes, a husband and wife). For IRS purposes, a sole proprietor and her business are one tax entity, m... (more...)

A business owned and managed by one person (or for tax purposes, a husband and wife). For IRS purposes, a sole proprietor and her business are one tax entity, meaning that business profits are reported and taxed on the owner's personal tax return. Setting up a sole proprietorship is cheap and easy since no legal formation documents need be filed with any governmental agency (although tax registration and other permit and license requirements may still apply). Once you file a fictitious name statement (assuming you don't use your own name) and obtain any required basic tax permits and business licenses, you'll be in business. The main downside of a sole proprietorship is that its owner is personally liable for all business debts.

LIEN

The right of a secured creditor to grab a specific item of property if you don't pay a debt. Liens you agree to are called security interests, and include mortg... (more...)

The right of a secured creditor to grab a specific item of property if you don't pay a debt. Liens you agree to are called security interests, and include mortgages, home equity loans, car loans and personal loans for which you pledge property to guarantee repayment. Liens created without your consent are called nonconsensual liens, and include judgment liens (liens filed by a creditor who has sued you and obtained a judgment), tax liens and mechanics liens (liens filed by a contractor who worked on your house but wasn't paid).

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.

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.

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.

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.

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.

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Webberville Bankruptcy & Debt Lawyer, Michigan, page 2

Sponsored Law Firm

Marrs & Terry, PLLC

SPONSORED LAWYERS

Patricia Anne Johnson

David T. Bittner

Sarah R. Prout

Dennis E. Path

Michael C. Van Huysse

Jennifer Michelle Pierce

Stephen William Michael

Mick Grewal Sr.

Charlene C. Brooks

Barnet George Levine

TIPS

LEGAL TERMS

CHAPTER 13 PLAN

WORKOUT

SOLE PROPRIETORSHIP

LIEN

MEETING OF CREDITORS

COSIGNER

PROCEEDS FOR DAMAGED EXEMPT PROPERTY

NO-FAULT INSURANCE

CONSUMER CREDIT COUNSELING SERVICE (CCCS)

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