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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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Andrea Sue Brenner Anantharam

Elder Law, Employee Rights, Estate Planning, Consumer Bankruptcy

Status: In Good Standing Licensed: 13 Years

CONTACT

28000 Dequindre Rd, Warren, MI 48092

Andrew M. Steiger

Divorce & Family Law, Bankruptcy, Tax, Estate Planning

Status: In Good Standing Licensed: 15 Years

FREE CONSULTATION

CONTACT

743 Ballantyne Road, Grosse Pointe, MI 48236

Andrew Ian Johnston

International, Municipal, Contract, Credit & Debt

Status: In Good Standing Licensed: 9 Years

CONTACT

25900 Greenfield Rd, Oak Park, MI 48237

Andrijana D. Vujic

Estate, Bankruptcy

Status: In Good Standing Licensed: 19 Years

CONTACT

24405 Gratiot Ave, Eastpointe, MI 48021

Anita Bhama

Antitrust, Administrative Law, Bankruptcy, Contract

Status: In Good Standing Licensed: 26 Years

CONTACT

990 Beaconsfield Ave, Grosse Pointe, MI 48230

Anita Bhama

Antitrust, Administrative Law, Bankruptcy, Contract

Status: In Good Standing Licensed: 26 Years

CONTACT

990 Beaconsfield Ave, Grosse Pointe, MI 48230

Anne Peterson Sorge

Other, Real Estate, Family Law, Bankruptcy

Status: In Good Standing Licensed: 9 Years

CONTACT

18121 E 8 Mile Rd, Eastpointe, MI 48021

Anne K. Newcomer

Other, Consumer Bankruptcy

Status: In Good Standing Licensed: 34 Years

CONTACT

2426 Hyland St, Ferndale, MI 48220

Annemarie Marino Lepore

Lawsuit & Dispute, Divorce & Family Law, Criminal, Bankruptcy

Status: In Good Standing

CONTACT

40111 Dodge Park Road, Sterling Heights, MI 48313

Anthony James Kochis

Contract, Banking & Finance, Credit & Debt, Bankruptcy

Status: In Good Standing

CONTACT

3150 Livernois Rd, Troy, MI 48083

800-923-0641

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LEGAL TERMS

LIMITED PARTNERSHIP

A business structure that allows one or more partners (called limited partners) to enjoy limited personal liability for partnership debts while another partner ... (more...)

A business structure that allows one or more partners (called limited partners) to enjoy limited personal liability for partnership debts while another partner or partners (called general partners) have unlimited personal liability. The key difference between a general and limited partner concerns management decision making--general partners run the business, and limited partners, who are usually passive investors, are not allowed to make day-to-day business decisions. If they do, they risk being treated as general partners with unlimited personal liability.

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.

WORKOUT

A debtor's plan to take care of a debt, by paying it off or through loan forgiveness. Workouts are often created to avoid bankruptcy or foreclosure proceedings.

SECURED DEBT

A debt on which a creditor has a lien. The creditor can institute a foreclosure or repossession to take the property identified by the lien, called the collater... (more...)

A debt on which a creditor has a lien. The creditor can institute a foreclosure or repossession to take the property identified by the lien, called the collateral, to satisfy the debt if you default. Compare unsecured debt.

UNSECURED DEBT

A debt that is not tied to any item of property. A creditor doesn't have the right to grab property to satisfy the debt if you default. The creditor's only reme... (more...)

A debt that is not tied to any item of property. A creditor doesn't have the right to grab property to satisfy the debt if you default. The creditor's only remedy is to sue you and get a judgment. Compare secured debt.

CREDITOR

A person or entity (such as a bank) to whom a debt is owed.

FCRA

See Fair Credit Reporting Act.

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.

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.

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Warren Bankruptcy & Debt Lawyer, Michigan, page 4

Sponsored Law Firm

Marrs & Terry, PLLC

SPONSORED LAWYERS

Andrea Sue Brenner Anantharam

Andrew M. Steiger

Andrew Ian Johnston

Andrijana D. Vujic

Anita Bhama

Anita Bhama

Anne Peterson Sorge

Anne K. Newcomer

Annemarie Marino Lepore

Anthony James Kochis

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LEGAL TERMS

LIMITED PARTNERSHIP

FORBEARANCE

WORKOUT

SECURED DEBT

UNSECURED DEBT

CREDITOR

FCRA

LIABILITY

GUARANTEED RESERVATION

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