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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.
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Dani K. Liblang

Accident & Injury, Defect and Lemon Law, Bankruptcy & Debt, Workers' Compensation, Products Liability

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CONTACT

346 Park St, Birmingham, MI 48009

Stephen W. King

Litigation, Lawsuit & Dispute, Consumer Rights, Consumer Bankruptcy

Status: Licensed: 28 Years

CONTACT

355 S Old Woodward Ave, Birmingham, MI 48009

James P. Cunningham

Family Law, Divorce, Securities Regulation, Collection

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380 N Old Woodward Ave, Birmingham, MI 48009

Paula A. Hall

Business, Bankruptcy, Bankruptcy & Debt

Status: Licensed: 25 Years

CONTACT

401 S Old Woodward Ave, Birmingham, MI 48009

Matthew E. Wilkins

Business, Bankruptcy & Debt

Status: Licensed: 42 Years

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401 S. Old Woodward, Birmingham, MI 48009

Scott S. Yaldo

Divorce, Banking & Finance, Collection, Personal Injury

Status: Licensed: 31 Years

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500 S Old Woodward Ave, Birmingham, MI 48009

Mark L. Small

Other, Contract, Business, Consumer Bankruptcy

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656 W Frank St, Birmingham, MI 48009

Charles J. Taunt

Landlord-Tenant, Visa, Pension & Benefits, Bankruptcy

Status: Licensed: 51 Years

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700 E Maple Rd, Birmingham, MI 48009

Dean Roy Nelson

Commercial Real Estate, Litigation, Contract, Collection

Status: Licensed: 18 Years

CONTACT

700 E Maple Rd, Birmingham, MI 48009

Matthew Paul Taunt

Tax, Federal Appellate Practice, Contract, Bankruptcy

Status: Licensed: 19 Years

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700 E Maple Rd, Birmingham, MI 48009

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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.

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.

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.

TRUTH IN LENDING ACT (TILA)

A federal law that requires credit and charge card companies to disclose interest rates and other information about an account. It also requires lenders to disc... (more...)

A federal law that requires credit and charge card companies to disclose interest rates and other information about an account. It also requires lenders to disclose the terms of a loan, including the total amount of the loan, the annual interest rate and the number, amount and due dates of all payments necessary to repay the loan. The TILA requires additional disclosures and places many restrictions on mortgages.

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.

GUARANTOR

A person who makes a legally binding promise to either pay another person's debt or perform another person's duty if that person defaults or fails to perform. T... (more...)

A person who makes a legally binding promise to either pay another person's debt or perform another person's duty if that person defaults or fails to perform. The guarantor gives a 'guaranty,' which is an assurance that the debt or other obligation will be fulfilled.

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.

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.

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.

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Rochester Bankruptcy & Debt Lawyer, Michigan, page 4

Sponsored Law Firm

Marrs & Terry, PLLC

SPONSORED LAWYERS

Dani K. Liblang

Stephen W. King

James P. Cunningham

Paula A. Hall

Matthew E. Wilkins

Scott S. Yaldo

Mark L. Small

Charles J. Taunt

Dean Roy Nelson

Matthew Paul Taunt

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LEGAL TERMS

ACCORD AND SATISFACTION

GUARANTEED RESERVATION

WORKOUT

TRUTH IN LENDING ACT (TILA)

LIMITED LIABILITY

GUARANTOR

DISCHARGEABLE DEBTS

REPOSSESSION

LIABILITY

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