Bloomfield Hills Bankruptcy & Debt Lawyer, Michigan

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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.
2. AboutExperienced Michigan Lawyer
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Justin G. Grove

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Foreclosure, Accident & Injury, Consumer Rights, Real Estate, Bankruptcy & Debt

I have spent my legal career defending the little guy against big corporations. Everyday we help regular people fight the mortgage companies, insuranc... (more)

FREE CONSULTATION

CONTACT

800-928-5911

36700 Woodward Ave., Ste. 107, Bloomfield Hills, MI 48304

Phillip A. Greenblatt

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Credit & Debt, Identity Theft, Business

I can resolve your debt collection problems. I stop or minimize the prospect of garnishment of your wages and assets. I aggressively defend client'... (more)

FREE CONSULTATION

CONTACT

248-227-7350

Phillip A. Greenblatt, PLLC, Southfield, MI 48037

Nick Balberman

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

Mr. Balberman graduated from the University of Michigan with a degree in Economics in 1978 and was admitted to the State Bar of Michigan in 1983 after... (more)

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248-224-6696

29800 Middlebelt Rd, Farmington, MI 48334

Raymond J. Sterling

Class Action, Whistleblower, Civil Rights, Collection

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33 Bloomfield Hills Parkway, Bloomfield Hills, MI 48304

J. Kyle Guthrie

Corporate, Credit & Debt, Employment, Real Estate

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FREE CONSULTATION

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4050 W Maple Rd Ste 108, Bloomfield Hills, MI 48301

Paul S. Magy

Commercial Real Estate, Commercial Leasing, Corporate, Bankruptcy

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151 S. Old Woodward Avenue, Birmingham, MI 48009

Marc D. Melamed

Business Organization, Dissolution, Estate Administration, Joint Ventures

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30833 Northwestern Hwy, Farmington, MI 48334

Jan Jeffrey Rubinstein

Litigation, Estate, Criminal, Collection

Status: Licensed: 25 Years

FREE CONSULTATION

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30150 Telegraph Road, Bingham Farms, MI 48025

Kellie M. Blair

Construction, Federal Appellate Practice, Contract, Credit & Debt

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39572 Woodward Ave, Bloomfield Hills, MI 48304

Marc A. Fishman

Collection, Divorce, Mediation, Construction

Status: Licensed: 49 Years

CONTACT

800 W Long Lake Rd, Bloomfield Hills, MI 48302

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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.

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.

DISPOSABLE INCOME

The difference between a debtor's current monthly income and allowable expenses. This is the amount that the new bankruptcy law deems available to pay into a Ch... (more...)

The difference between a debtor's current monthly income and allowable expenses. This is the amount that the new bankruptcy law deems available to pay into a Chapter 13 plan.

FCBA

See Fair Credit Billing Act.

UNDUE HARDSHIP

The circumstances in which a debtor may discharge a student loan in bankruptcy. For example, a debtor who has no income and little chance of earning enough in t... (more...)

The circumstances in which a debtor may discharge a student loan in bankruptcy. For example, a debtor who has no income and little chance of earning enough in the future to pay off the loan may be able to show that repayment would be an undue hardship.

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.

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).

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.

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Bloomfield Hills Bankruptcy & Debt Lawyer, Michigan

Sponsored Law Firm

Marrs & Terry, PLLC

SPONSORED LAWYERS

Justin G. Grove

Phillip A. Greenblatt

Nick Balberman

Raymond J. Sterling

J. Kyle Guthrie

Paul S. Magy

Marc D. Melamed

Jan Jeffrey Rubinstein

Kellie M. Blair

Marc A. Fishman

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LEGAL TERMS

LIQUIDATING PARTNER

CREDIT REPORT

DEFINED CONTRIBUTION PLAN

DISPOSABLE INCOME

FCBA

UNDUE HARDSHIP

COSIGNER

LIEN

WINDING UP

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