Algonac Bankruptcy & Debt Lawyer, Michigan, page 2

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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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Brian J. Schaf

Foreclosure, Family Law, Criminal, Bankruptcy

Status: In Good Standing Licensed: 20 Years

CONTACT

2 Crocker Blvd, Mount Clemens, MI 48043

James S. Lawrence

Criminal, Constitutional Law, Civil Rights, Collection

Status: In Good Standing Licensed: 43 Years

CONTACT

235 S Gratiot Ave, Mount Clemens, MI 48043

Larry A. Macdonald

Criminal, Collection

Status: In Good Standing Licensed: 43 Years

CONTACT

32 Market St, Mount Clemens, MI 48043

Philip A. Gillis

Federal Appellate Practice, Criminal, Consumer Bankruptcy

Status: In Good Standing Licensed: 76 Years

CONTACT

34442 Jefferson Ave, Harrison Township, MI 48045

Andrea M. Isrow

Family Law, Divorce & Family Law, Consumer Rights, Consumer Bankruptcy

Status: In Good Standing Licensed: 20 Years

CONTACT

47607 Brennan Dr, Macomb, MI 48044

Joseph Peter Ciaramitaro

Estate, Contract, Business, Bankruptcy & Debt

Status: In Good Standing

FREE CONSULTATION

CONTACT

42850 Garfield, Clinton Twp, MI 48038

Elizabeth Roberts

Litigation, Employee Rights, Business, Consumer Bankruptcy

Status: In Good Standing Licensed: 13 Years

CONTACT

19500 Hall Rd, Clinton Township, MI 48038

Timothy C. Runyan

Education, Consumer Rights, Consumer Bankruptcy, Estate Planning

Status: In Good Standing Licensed: 42 Years

CONTACT

31211 Jefferson Ave, Saint Clair Shores, MI 48082

Donald C. Wheaton

Trusts, Divorce, Divorce & Family Law, Collection, Medical Malpractice

Status: In Good Standing Licensed: 35 Years

CONTACT

Saint Clair Shores, MI 48080

Nicole Lynn Thompson

Workers' Compensation, Contract, Collection, Wrongful Death

Status: In Good Standing Licensed: 22 Years

CONTACT

22461 Wildwood St, Saint Clair Shores, MI 48081

800-923-0641

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LEGAL TERMS

ACCORD AND SATISFACTION

An agreement to settle a contract dispute by accepting less than what's due. This procedure is often used by creditors who want to cut their losses by collectin... (more...)

An agreement to settle a contract dispute by accepting less than what's due. This procedure is often used by creditors who want to cut their losses by collecting as much money as they can from debtors who cannot pay the full amount.

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.

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.

DISCHARGEABLE DEBTS

Debts that can be erased by going through bankruptcy. Most debts incurred prior to declaring bankruptcy are dischargeable, including back rent, credit card bill... (more...)

Debts that can be erased by going through bankruptcy. Most debts incurred prior to declaring bankruptcy are dischargeable, including back rent, credit card bills and medical bills. Compare nondischargeable debts.

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.

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.

LIQUIDATING PARTNER

The member of an insolvent or dissolving partnership responsible for paying the debts and settling the accounts of the partnership.

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.

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.

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Algonac Bankruptcy & Debt Lawyer, Michigan, page 2

Sponsored Law Firm

Marrs & Terry, PLLC

SPONSORED LAWYERS

Brian J. Schaf

James S. Lawrence

Larry A. Macdonald

Philip A. Gillis

Andrea M. Isrow

Joseph Peter Ciaramitaro

Elizabeth Roberts

Timothy C. Runyan

Donald C. Wheaton

Nicole Lynn Thompson

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LEGAL TERMS

ACCORD AND SATISFACTION

REAFFIRMATION

GUARANTEED RESERVATION

DISCHARGEABLE DEBTS

SOLE PROPRIETORSHIP

UNDUE HARDSHIP

LIQUIDATING PARTNER

WORKOUT

LIMITED PARTNERSHIP

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