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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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David Eric Karson

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Divorce, Custody & Visitation, Civil Rights, Bankruptcy & Debt, DUI-DWI

David Karson is a practicing lawyer in the state of Michigan handling a variety of legal matters.

CONTACT

734-744-5226

10988 Middlebelt Rd, Livonia, MI 48150

Ryan Edward Ladley

Consumer Bankruptcy, Bankruptcy

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CONTACT

39319 Plymouth Rd, Livonia, MI 48150

Lisa M. Manoogian

Consumer Bankruptcy, Bankruptcy

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CONTACT

39319 Plymouth Rd, Livonia, MI 48150

Charles J. Schneider

Bankruptcy, Bankruptcy & Debt, Credit & Debt

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39319 Plymouth Rd, Livonia, MI 48150

Darin Kurt Weinberg

Divorce & Family Law, Criminal, Bankruptcy, Accident & Injury

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FREE CONSULTATION

CONTACT

38110 N. Executive Drive, Westland, MI 48185

Susan F. Widenbaum

Bankruptcy, Criminal, Estate, Traffic

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CONTACT

33124 Warren Road, Westland, MI 48185

Sandra A. Ference Cicirelli

Family Law, Consumer Bankruptcy, Criminal

Status: Licensed: 40 Years

CONTACT

36675 Ford Rd, Westland, MI 48185

Nancy Neal Joyce

Bankruptcy

Status: Licensed: 31 Years

CONTACT

10535 Farmington Rd, Livonia, MI 48150

Peter C. Doyle

Power of Attorney, Motor Vehicle, Estate, Divorce & Family Law, Bankruptcy & Debt

Status: Licensed: 43 Years

CONTACT

25121 Ford Rd, Dearborn, MI 48128

Charles J. Schneider

Litigation, Consumer Bankruptcy, Bankruptcy, Bankruptcy & Debt

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CONTACT

39319 Plymouth Rd, Livonia, MI 48150

800-814-6700

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LEGAL TERMS

LIQUIDATING PARTNER

The member of an insolvent or dissolving partnership responsible for paying the debts and settling the accounts of the partnership.

NONDISCHARGEABLE DEBTS

Debts that cannot be erased by filing for bankruptcy. If you file for Chapter 7 bankruptcy, these debts will remain when your case is over. If you file for Chap... (more...)

Debts that cannot be erased by filing for bankruptcy. If you file for Chapter 7 bankruptcy, these debts will remain when your case is over. If you file for Chapter 13 bankruptcy, the nondischargeable debts will have to be paid in full during your plan or you will have a balance at the end of your case. Examples of nondischargeable debts include alimony and child support, most income tax debts, many student loans and debts for personal injury or death caused by drunk driving. Compare dischargeable debts.

CREDIT REPORT

An account of your credit history, prepared by a credit bureau. A credit report will contain both credit history, such as what you owe to whom and whether you m... (more...)

An account of your credit history, prepared by a credit bureau. A credit report will contain both credit history, such as what you owe to whom and whether you make the payments on time, as well as personal history, such as your former addresses, employment record and lawsuits in which you have been involved. An estimated 50% of all credit reports contain errors, such as accounts that don't belong to you, an incorrect account status or information reported that is older than seven years (ten years in the case of a bankruptcy).

DEFINED CONTRIBUTION PLAN

A type of pension plan that does not guarantee any particular pension amount upon retirement. Instead, the employer pays into the pension fund a certain amount ... (more...)

A type of pension plan that does not guarantee any particular pension amount upon retirement. Instead, the employer pays into the pension fund a certain amount every month, or every year, for each employee. The employer usually pays a fixed percentage of an employee's wages or salary, although sometimes the amount is a fraction of the company's profits, with the size of each employee's pension share depending on the amount of wage or salary. Upon retirement, each employee's pension is determined by how much was contributed to the fund on behalf of that employee over the years, plus whatever earnings that money has accumulated as part of the investments of the entire pension fund.

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.

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.

WINDING UP

The process of paying off expenses and creditors, settling accounts, and collecting and distributing (to shareholders and owners) whatever assets then remain, a... (more...)

The process of paying off expenses and creditors, settling accounts, and collecting and distributing (to shareholders and owners) whatever assets then remain, all with the ultimate goal of liquidating or closing down a corporation or partnership.

MEANS TEST

A formula that uses predefined income and expense categories to determine whether a debtor whose current monthly income is higher than the median family income ... (more...)

A formula that uses predefined income and expense categories to determine whether a debtor whose current monthly income is higher than the median family income for his or her state should be allowed to file for Chapter 7 bankruptcy.

SECURED DEBT

A debt on which a creditor has a lien. The creditor can institute a foreclosure or repossession to take the property identified by the lien, called the collater... (more...)

A debt on which a creditor has a lien. The creditor can institute a foreclosure or repossession to take the property identified by the lien, called the collateral, to satisfy the debt if you default. Compare unsecured debt.

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Westland Bankruptcy & Debt Lawyer, Michigan

Sponsored Law Firm

Marrs & Terry, PLLC

SPONSORED LAWYERS

David Eric Karson

Ryan Edward Ladley

Lisa M. Manoogian

Charles J. Schneider

Darin Kurt Weinberg

Susan F. Widenbaum

Sandra A. Ference Cicirelli

Nancy Neal Joyce

Peter C. Doyle

Charles J. Schneider

TIPS

LEGAL TERMS

LIQUIDATING PARTNER

NONDISCHARGEABLE DEBTS

CREDIT REPORT

DEFINED CONTRIBUTION PLAN

DISCHARGEABLE DEBTS

CHAPTER 7 BANKRUPTCY

WINDING UP

MEANS TEST

SECURED DEBT

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