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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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Michael A. Vacca

Reorganization, Freedom of Religion

Status: In Good Standing Licensed: 14 Years

CONTACT

25557 Cunningham Ave, Warren, MI 48091

Patrick K. Rode

Employee Rights, Contract, Reorganization, Products Liability

Status: In Good Standing

CONTACT

2250 Butterfield Dr, Troy, MI 48084

Edward J. Gudeman

Bankruptcy & Debt, Business & Trade, Reorganization, Credit & Debt, Consumer Bankruptcy

Status: In Good Standing Licensed: 51 Years

CONTACT

1026 West Eleven Mile Road, Royal Oak, MI 48067

Mark D. Lichterman

Pharmaceutical Product, Government, Reorganization, Estate Planning

Status: In Good Standing Licensed: 32 Years

CONTACT

26080 York Rd, Huntington Woods, MI 48070

Shirley L. Horn

Workout, Reorganization, Bankruptcy, Bankruptcy & Debt, Bankruptcy

Status: In Good Standing Licensed: 30 Years

CONTACT

25600 Woodward Ave, Royal Oak, MI 48067

Mark A. Bank

Family Law, Child Custody, Corporate, Reorganization

Status: In Good Standing

CONTACT

401 South Old Woodward Avenue, Birmingham, MI 48009

Lynn M. Brimer

Tax, Litigation, Reorganization, Commercial Bankruptcy, Bankruptcy & Debt

Status: In Good Standing Licensed: 35 Years

CONTACT

300 E Long Lake Rd, Bloomfield Hills, MI 48304

David M. Rosenberger

Tax, Gift Taxation, Employee Rights, Reorganization

Status: In Good Standing Licensed: 49 Years

CONTACT

33 Bloomfield Hills Pkwy, Bloomfield Hills, MI 48304

Nadeem Noah Harfouch

Trademark, Contract, Licensing, Reorganization

Status: In Good Standing

CONTACT

77 E Long Lake Rd, Bloomfield Hills, MI 48304

Nadeem Noah Harfouch

Trademark, Contract, Licensing, Reorganization, Personal Injury

Status: In Good Standing Licensed: 12 Years

CONTACT

77 E Long Lake Rd, Bloomfield Hills, MI 48304

800-923-0641

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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.

REPOSSESSION

A creditor's taking property that has been pledged as collateral for a loan. Lenders will most often repossess cars when the owner has missed loan payments and ... (more...)

A creditor's taking property that has been pledged as collateral for a loan. Lenders will most often repossess cars when the owner has missed loan payments and has not attempted to work with the lender to resolve the problem. A repossessor can't use force to get at your car, but he can legally hot-wire it and even drive it out of your unlocked garage.

SOLE PROPRIETORSHIP

A business owned and managed by one person (or for tax purposes, a husband and wife). For IRS purposes, a sole proprietor and her business are one tax entity, m... (more...)

A business owned and managed by one person (or for tax purposes, a husband and wife). For IRS purposes, a sole proprietor and her business are one tax entity, meaning that business profits are reported and taxed on the owner's personal tax return. Setting up a sole proprietorship is cheap and easy since no legal formation documents need be filed with any governmental agency (although tax registration and other permit and license requirements may still apply). Once you file a fictitious name statement (assuming you don't use your own name) and obtain any required basic tax permits and business licenses, you'll be in business. The main downside of a sole proprietorship is that its owner is personally liable for all business debts.

NUISANCE FEES

Money charged by some credit card companies to increase their profits when you fail to use the card the way the creditor wants. Examples include late payment fe... (more...)

Money charged by some credit card companies to increase their profits when you fail to use the card the way the creditor wants. Examples include late payment fees, inactivity fees and fees for not carrying a balance from month to month. It's best to shop around and get rid of cards that have these fees attached.

FAIR CREDIT BILLING ACT (FCBA)

A federal law that gives you rights when an error occurs on your credit card statement. You must notify the credit card company of the mistake within 60 days af... (more...)

A federal law that gives you rights when an error occurs on your credit card statement. You must notify the credit card company of the mistake within 60 days after it mailed the bill to you. The company must then correct the mistake, or at least acknowledge receipt of your letter within 30 days, and must correct the error within 90 days or explain why it believes the credit card statement is correct.

PROCEEDS FOR DAMAGED EXEMPT PROPERTY

In a bankruptcy proceeding, money collected through insurance, arbitration, mediation, settlement or a lawsuit to pay for exempt property that's no longer exemp... (more...)

In a bankruptcy proceeding, money collected through insurance, arbitration, mediation, settlement or a lawsuit to pay for exempt property that's no longer exemptible because it has been damaged or destroyed.

LIABILITY

(1) The state of being liable--that is, legally responsible for an act or omission. Example:Peri hires Paul to fix a broken pipe in her bathroom, but the new pi... (more...)

(1) The state of being liable--that is, legally responsible for an act or omission. Example:Peri hires Paul to fix a broken pipe in her bathroom, but the new pipe bursts the day after Paul installs it, ruining the bathroom floor. This raises the issue of liability: Who is responsible for the damage? Peri claims that Paul is responsible, and sues him for the cost of hiring another plumber to fix the pipe and replacing the floor. Paul, in turn, claims that the pipe manufacturer is responsible, because they supplied him with faulty materials. Both Peri and Paul must prove their claims in court; if Paul and/or the manufacturer is found liable, one or both will have to pay damages to Peri. (2) Something for which a person is liable. For example, a debt is often called a liability.

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.

FORBEARANCE

Voluntarily refraining from doing something, such as asserting a legal right. For example, a creditor may forbear on its right to collect a debt by temporarily ... (more...)

Voluntarily refraining from doing something, such as asserting a legal right. For example, a creditor may forbear on its right to collect a debt by temporarily postponing or reducing the borrower's payments.

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Sterling Heights Reorganization Lawyer, Michigan

Sponsored Law Firm

Marrs & Terry, PLLC

SPONSORED LAWYERS

Michael A. Vacca

Patrick K. Rode

Edward J. Gudeman

Mark D. Lichterman

Shirley L. Horn

Mark A. Bank

Lynn M. Brimer

David M. Rosenberger

Nadeem Noah Harfouch

Nadeem Noah Harfouch

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LEGAL TERMS

LIQUIDATING PARTNER

REPOSSESSION

SOLE PROPRIETORSHIP

NUISANCE FEES

FAIR CREDIT BILLING ACT (FCBA)

PROCEEDS FOR DAMAGED EXEMPT PROPERTY

LIABILITY

WINDING UP

FORBEARANCE

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