Loss of Income

Bankruptcy

Managing The Challenges Of Lost Income

If 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.

If you have lost income or suffered a job loss, talk to a bankruptcy lawyer at Marrs & Terry, PLLC. We can help you think through the next steps to take to protect your home. Contact our law office to schedule a free consultation. We have six Michigan offices for your convenience. We bring more than 18 years of experience to every case and we offer in-home appointments upon request.

Putting Things In Perspective

Although it is a sad truth, Michigan has been one of the hardest hit states for job loss and bankruptcy. Banks do not want to foreclose on homeowners. They are not in the business of property management and they know it is difficult to sell a home in the current real estate market.

If your loss of income is temporary, you may consider negotiating a reduced payment plan or a forbearance plan in which you do not pay for a few months. The problem with these options is that you will have to make up these missed payments, often with a large balloon payment.

Depending upon the specifics of your financial situation, you may be able to avoid mortgage foreclosure by:

We Are Here To Guide You Through Bankruptcy. Contact Us Today.

For temporary or permanent lost income, take action to change your financial future. Contact Marrs & Terry online or call us toll-free at 734-663-0555.

Have you been told you don’t qualify for bankruptcy? Talk with one of our experienced bankruptcy lawyers for a second opinion.

We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.

Google Reviews

S.M. ★★★★★

Professional, compassionate team. They explained every step of the bankruptcy process and made a stressful situation manageable. I am grateful for their guidance.

J.T. ★★★★★

Straightforward advice without pressure. My attorney returned calls promptly and helped me understand my options. I would recommend Marrs & Terry to anyone facing serious debt.

E.R. ★★★★★

Knowledgeable staff and clear communication from start to finish. They handled the paperwork carefully and kept me informed. Highly recommend.

M.K. ★★★★★

Honest assessment of my case and realistic expectations. The firm treated me with respect and helped me get a fresh start. Thank you.

P.L. ★★★★★

From the first consultation I felt heard. They answered my questions patiently and walked me through Chapter 13. Excellent experience overall.

D.H. ★★★★★

Efficient, organized, and caring. They helped stop creditor calls and got my case resolved. I wish I had called sooner.

T.M. ★★★★★

Bridget has been a lifesaver through the entire process. She was always quick to get back with us either by phone or emails. She made us feel like family. Very caring and made everything easy to understand. I highly recommend these guys!

S.A. ★★★★★

We are treated like family. Bridget has been our gracious savior during the entire process and they are never done whenever we have questions or need help along the journey they are as attentive as they originally were from the start. If we ever have opportunity in the future to work with them we won’t hesitate.

C.R. ★★★★★

They were amazingly helpful and communicative. Tricia was very helpful. Bridget was a rockstar. She went through everything with me, step by step.

D.C. ★★★★★

Bridget and all the lawyers there have been absolutely great. They have helped us thru a very difficult time. We highly recommend this firm.

C.W. ★★★★★

I went to Marrs & Terry during one of the toughest parts of my life. The office staff felt like family. I was treated like a person and a priority. I cannot say enough good things about this office.

B.N. ★★★★★

Michelle is the best! Straightforward, Honest, and put me at ease from the start. I should've done this earlier, but was hesitant. Michelle has made my life manageable again. Thank you for everything.

T.T. ★★★★★

Amazing customer service from the very first call. Always willing to answer questions. Returned calls right away. Just good people. Thank you for doing such a great job!

J.H. ★★★★★

15 years ago we found ourselves severely upside down in our house, loss of income and growing debt. Marrs and Terry got us on a repayment plan and stopped collection efforts. Thanks!

J.C. ★★★★★

I am using Marrs and Terry for the 2nd time and they have made what can be extremely scary and uncomfortable processes doable. They are available to answer questions, large and small and are extremely approachable.

T.B. ★★★★★

Very professional, knowledgeable, helpful. They were there when I needed. Walked me through and explained everything as we went along. Would highly recommend for all your attorney needs.

M.W. ★★★★★

The best! Educated, kind, professional office. You can’t go wrong with them. You will get excellent service with this firm.

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