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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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Steven L. Rotenberg

Landlord-Tenant, Employee Rights, Family Law, Credit & Debt

Status: In Good Standing Licensed: 28 Years

CONTACT

30445 Northwestern Hwy, Farmington, MI 48334

Elizabeth J. Marshall

Electronic Commerce, Credit & Debt

Status: In Good Standing Licensed: 40 Years

CONTACT

28385 Golf Pointe Blvd, Farmington, MI 48331

Adam B. Kutinsky

Property & Casualty, Bad Faith Insurance, Insurance, Credit & Debt

Status: In Good Standing Licensed: 24 Years

CONTACT

33450 W 12 Mile Rd, Farmington, MI 48331

Jeffrey Scott Grasl

Commercial Real Estate, Contract, Banking & Finance, Credit & Debt

Status: In Good Standing Licensed: 24 Years

CONTACT

31800 Northwestern Hwy, Farmington, MI 48334

Scott F. Smith

Landlord-Tenant, Class Action, Constitutional Law, Credit & Debt

Status: In Good Standing

CONTACT

30833 Northwestern Hwy, Farmington, MI 48334

Jerry M. Ellis

Lawsuit & Dispute, Business, Credit & Debt, Bankruptcy

Status: In Good Standing Licensed: 56 Years

CONTACT

39395 W 12 Mile Rd, Farmington, MI 48331

Neil H. Goodman

Contract, Mediation, Dispute Resolution, Credit & Debt

Status: In Good Standing Licensed: 45 Years

CONTACT

Farmington, MI 48333

Robert S. Hollander

Landlord-Tenant, Federal Appellate Practice, Contract, Credit & Debt

Status: In Good Standing Licensed: 44 Years

CONTACT

30300 Northwestern Hwy, Farmington, MI 48334

Peter M. Schneiderman

Commercial Real Estate, International, Credit & Debt, Bankruptcy

Status: In Good Standing Licensed: 54 Years

CONTACT

23938 Research Dr, Farmington, MI 48335

Rachael Frawley

Contract, Landlord-Tenant, Credit & Debt, Litigation

Status: In Good Standing Licensed: 15 Years

CONTACT

37000 Grand River Ave, Farmington, MI 48335

800-923-0641

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LEGAL TERMS

REAFFIRMATION

An agreement that a debtor and a creditor enter into after a debtor has filed for bankruptcy, in which the debtor agrees to repay all or part of an existing deb... (more...)

An agreement that a debtor and a creditor enter into after a debtor has filed for bankruptcy, in which the debtor agrees to repay all or part of an existing debt after the bankruptcy case is over. For instance, a debtor might make a reaffirmation agreement with the holder of a car note that the debtor can keep the car and must continue to pay the debt after bankruptcy.

SUBROGATION

A taking on of the legal rights of someone whose debts or expenses have been paid. For example, subrogation occurs when an insurance company that has paid off i... (more...)

A taking on of the legal rights of someone whose debts or expenses have been paid. For example, subrogation occurs when an insurance company that has paid off its injured claimant takes the legal rights the claimant has against a third party that caused the injury, and sues that third party.

GUARANTEED RESERVATION

A hotel or rental car reservation secured by a credit card number. In exchange for your card number, the hotel or rental agency promises to have a room or vehic... (more...)

A hotel or rental car reservation secured by a credit card number. In exchange for your card number, the hotel or rental agency promises to have a room or vehicle for you no matter when you show up. If you have a guaranteed reservation with a hotel, it must provide you with a room, either at that hotel or at another comparable establishment. If you have a guaranteed reservation with a car agency, it must provide you with a vehicle. The downside of a guaranteed reservation is that if you don't show up and haven't cancelled your reservation, you will be billed for one night in the room or one day's use of the vehicle.

CYBERSQUATTING

Buying a domain name that reflects the name of a business or famous person with the intent of selling the name back to the business or celebrity for a profit. T... (more...)

Buying a domain name that reflects the name of a business or famous person with the intent of selling the name back to the business or celebrity for a profit. The Anticybersquatting Consumer Protection Act of 1999 authorizes a cybersquatting victim to file a federal lawsuit to regain a domain name or sue for financial compensation. Under the act, registering, selling or using a domain name with the intent to profit from someone else's good name is considered cybersquatting. Victims of cybersquatting can also use the provisions of the Uniform Domain Name Dispute Resolution Policy adopted by ICANN, an international tribunal administering domain names. This international policy results in arbitration of the dispute, not litigation.

CREDIT COUNSELING

Counseling that explores the possibility of repaying debts outside of bankruptcy and educates the debtor about credit, budgeting, and financial management. Unde... (more...)

Counseling that explores the possibility of repaying debts outside of bankruptcy and educates the debtor about credit, budgeting, and financial management. Under the new bankruptcy law, a debtor must undergo credit counseling with an approved provider before filing for bankruptcy.

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.

BULK SALES LAW

A law that regulates the transfer of business assets so that business owners cannot dispose of assets in order to avoid creditors. If a business owner wants to ... (more...)

A law that regulates the transfer of business assets so that business owners cannot dispose of assets in order to avoid creditors. If a business owner wants to conduct a bulk sale of business assets -- that is, get rid of an unusually large amount of inventory, merchandise or equipment -- the business owner must typically publish a notice of the sale and give written notice to creditors. Then, the owner must set up an account to hold the funds from the sale for a brief period of time during which creditors may make claims against the money. The prohibition against bulk sales is spelled out in the Uniform Commercial Code -- and laws modeled on the UCC have been generally adopted throughout the country.

LIMITED LIABILITY

The maximum amount a business owner can lose if the business is subject to debts, claims or other liabilities. An owner of a limited liability company (LLC) or ... (more...)

The maximum amount a business owner can lose if the business is subject to debts, claims or other liabilities. An owner of a limited liability company (LLC) or a person who invests in a corporation (a shareholder) generally stands to lose only the amount of money invested in the business. This means that if the business folds, creditors cannot seize or sell an owner's home, car, or other personal assets.

GENERAL PARTNER

A person who joins with at least one other to own and operate a business for profit -- and who (unlike a corporation's owners), is personally liable for all the... (more...)

A person who joins with at least one other to own and operate a business for profit -- and who (unlike a corporation's owners), is personally liable for all the business's debts and obligations. A general partner's actions can legally bind the entire business. See also partnership, limited partnership.

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Gregory Credit & Debt Lawyer, Michigan, page 4

Sponsored Law Firm

Marrs & Terry, PLLC

SPONSORED LAWYERS

Steven L. Rotenberg

Elizabeth J. Marshall

Adam B. Kutinsky

Jeffrey Scott Grasl

Scott F. Smith

Jerry M. Ellis

Neil H. Goodman

Robert S. Hollander

Peter M. Schneiderman

Rachael Frawley

TIPS

LEGAL TERMS

REAFFIRMATION

SUBROGATION

GUARANTEED RESERVATION

CYBERSQUATTING

CREDIT COUNSELING

DISPOSABLE INCOME

BULK SALES LAW

LIMITED LIABILITY

GENERAL PARTNER

SAMPLE LEGAL CASES

New Freedom Mtg. Corp. v. Globe Mtg. Corp.

Barth v. FIRST CONSUMER CREDIT, INC.

CHARTER ONE BANK NA v. JP Morgan Chase Bank, NA

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