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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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Raymond J. Sterling

Class Action, Whistleblower, Civil Rights, Collection

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33 Bloomfield Hills Parkway, Bloomfield Hills, MI 48304

Sheryl A. Shoebottom

Bankruptcy, Collection, Credit & Debt, Tax

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FREE CONSULTATION

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30161 Southfield Road, Southfield, MI 48076

Jan Jeffrey Rubinstein

Litigation, Estate, Criminal, Collection

Status: Licensed: 25 Years

FREE CONSULTATION

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30150 Telegraph Road, Bingham Farms, MI 48025

Bruce L. Townley

Construction, Deportation, Trusts, Divorce, Collection

Status: Licensed: 33 Years

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3001 W Big Beaver Rd, Troy, MI 48084

Dean Roy Nelson

Commercial Real Estate, Litigation, Contract, Collection

Status: Licensed: 18 Years

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700 E Maple Rd, Birmingham, MI 48009

Erika D. Hart

Trusts, Employee Rights, Contract, Collection

Status: Licensed: 21 Years

CONTACT

700 E Maple Rd, Birmingham, MI 48009

Edwin H. Selwocki

Traffic, Litigation, Collection, Personal Injury

Status: Licensed: 29 Years

CONTACT

1619 Cole St, Birmingham, MI 48009

James P. Cunningham

Family Law, Divorce, Securities Regulation, Collection

Status:

CONTACT

380 N Old Woodward Ave, Birmingham, MI 48009

Salam F. Elia

Land Use & Zoning, Trusts, Contract, Collection

Status: Licensed: 13 Years

CONTACT

550 W Merrill St, Birmingham, MI 48009

Jonathan L. Engman

Landlord-Tenant, Construction, Contract, Collection

Status: Licensed: 27 Years

CONTACT

3290 W Big Beaver Rd, Troy, MI 48084

800-814-6700

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LEGAL TERMS

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.

MEETING OF CREDITORS

A meeting held with the bankruptcy trustee about a month after you file for bankruptcy. You must attend. The trustee reviews your bankruptcy papers and asks a f... (more...)

A meeting held with the bankruptcy trustee about a month after you file for bankruptcy. You must attend. The trustee reviews your bankruptcy papers and asks a few questions. In a Chapter 7, the meeting of creditors lasts a few minutes and rarely do any creditors show up. In a Chapter 13 bankruptcy, one or two creditors may attend, especially if they disagree with some provision of your repayment plan.

PREFERENCE

A payment made by a debtor to a creditor within a defined period prior to filing for bankruptcy -- within three months for arms-length creditors (regular commer... (more...)

A payment made by a debtor to a creditor within a defined period prior to filing for bankruptcy -- within three months for arms-length creditors (regular commercial creditors) and within one year for insider creditors (friends, family members, and business associates). Because a preference gives the creditor who received the payment an edge over other creditors in the bankruptcy case, the trustee can recover the preference (the amount of the payment) and distribute it among all of the creditors.

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.

INFRINGEMENT (OF TRADEMARK)

Unauthorized use of a protected trademark or service mark, or use of something very similar to a protected mark. The success of a lawsuit to stop the infringeme... (more...)

Unauthorized use of a protected trademark or service mark, or use of something very similar to a protected mark. The success of a lawsuit to stop the infringement turns on whether the defendant's use causes a likelihood of confusion in the average consumer. If a court determines that the average consumer would be confused, the owner of the original mark can prevent the other's use of the infringing mark and sometimes collect damages.

FCRA

See Fair Credit Reporting Act.

DISCHARGE (OF DEBTS)

A bankruptcy court's erasure of the debts of a person or business that has filed for bankruptcy.

COLLATERAL

Property that guarantees payment of a secured debt.

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.

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Birmingham Collection Lawyer, Michigan

Sponsored Law Firm

Marrs & Terry, PLLC

SPONSORED LAWYERS

Raymond J. Sterling

Sheryl A. Shoebottom

Jan Jeffrey Rubinstein

Bruce L. Townley

Dean Roy Nelson

Erika D. Hart

Edwin H. Selwocki

James P. Cunningham

Salam F. Elia

Jonathan L. Engman

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LEGAL TERMS

SUBROGATION

MEETING OF CREDITORS

PREFERENCE

LIABILITY

INFRINGEMENT (OF TRADEMARK)

FCRA

DISCHARGE (OF DEBTS)

COLLATERAL

LIMITED LIABILITY

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