- Divorce
- Child SupportGenerally, unsecured debt is debt attached to services or other things that cannot be taken away from you, such as credit card bills, medical bills and college loans. Child support and alimony are also examples of unsecured debt.
- Spousal SupportIf you lost your job — or lost income you depend on, such as alimony or child support — it’s likely that your first fear is that you will lose your home to foreclosure. That is understandable, but it need not be the case. There are several things you can do to prevent problems with your home loan.
- DUI/DWIWhen faced with a legal problem — be it divorce, a drunk driving arrest or extreme debt — you are likely consumed by the circumstances of your current situation. Our Ann Arbor attorneys are prepared not only to address your immediate needs, but also to help you achieve your long-term objectives. We help resolve legal issues and pave the way so that you can move on with your life.
- Estate PlanningFor more than two decades, the attorneys at the Michigan law firm Marrs & Terry, PLLC, have been helping individuals face a variety of legal challenges, including bankruptcy, estate planning and administration, criminal and family law.
- WillsSpeak to our bankruptcy lawyers in Ann Arbor Michigan about your particular legal matter. We bring decades of experience to every case and offer in-home filing appointments upon request. Do you have questions about debt relief and considering a Chapter 13 bankruptcy or Chapter 7 bankruptcy, wills and trusts, or divorce? Please call our Jackson or Ann Arbor attorneys at 734-663-0555 or contact us online.
- Trusts
- BankruptcyChapter 13 bankruptcy is often referred to as “debt reorganization.” This is because Chapter 13 bankruptcy requires the repayment of some debts; it does not simply wipe them out the way a Chapter 7 bankruptcy does. Chapter 13 bankruptcy also provides a way to protect and retain assets.
- ForeclosureFirst and foremost, debt consolidation provides no legal protection against creditors. It does not stop creditor harassment, foreclosure, repossession, wage garnishment or other actions. Even if the debt consolidation program is successful in convincing creditors to forgive some of your debt, you may find yourself facing surprising new tax consequences because the forgiven debt can be treated as income. Bankruptcy offers a much more solid solution.
- Tax LawTax law treats loan forgiveness — where a creditor agrees to reduce or write off your debt — very much as if that creditor had given you the money to pay off the debt. Outside of bankruptcy, you could be required to pay taxes on that “income.” On the other hand, debt discharged through bankruptcy is not treated as income for tax purposes.
- Debt CollectionChapter 7 or Chapter 13 bankruptcy may offer options for eliminating or paying down your debts so you can make a fresh start. Filing for either type of bankruptcy puts an immediate stop to debt collection efforts such as...