Dallas Bankruptcy & Debt Lawyer, Texas, page 6

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Ted Machi
About | Practice Areas
Machi & Associates, P.C.
1521 North Cooper Street Suite 550 Arlington, TX 76011» view map
Accident & Injury, Bankruptcy, Social Secuirty
We Fight So You Don't Have To

Our professional team of attorneys and staff provide the experience and expertise needed to effectively handle your case.

800-804-0771
1. Ted Machi Arlington, TX
  Attorney at Law- TX
  Marquette University Law School, JD 1976
2. AboutMachi & Associates, P.C.
  We Fight So You Don't Have To
3. Practice AreasExpertise
  Accident & Injury Law
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Scot Pierce

Bankruptcy, Corporate, Estate Planning, Family Law

Status: In Good Standing

CONTACT

100 Main Street, Fort Worth, TX 76102

Theodore Mack

Dispute Resolution, Agribusiness, Corporate, Bankruptcy

Status: In Good Standing

CONTACT

100 Main Street, Fort Worth, TX 76102

Janna Ward Clarke

Construction, Family Law, Corporate, Bankruptcy

Status: In Good Standing

CONTACT

309 West 7th Street, Fort Worth, TX 76102

S. Aaron Holland

Bankruptcy, Corporate, Collection, Litigation

Status: In Good Standing

CONTACT

309 West 7th Street, Fort Worth, TX 76102

J. P. LeCompte

Consumer Protection, Corporate, Business Organization, Collection

Status: In Good Standing

CONTACT

512 West Hickory, Denton, TX 76201

Shanna Cargill

Consumer Protection, Corporate, Business Organization, Collection

Status: In Good Standing

CONTACT

512 West Hickory, Denton, TX 76201

Lawrence C. Collister

Civil Rights, Bankruptcy, Natural Resources, Construction, Administrative Law

Status: In Good Standing

CONTACT

509 S. Carroll Blvd., Denton, TX 76201

Lance Vanzant

Estate Planning, Family Law, Corporate, Collection

Status: In Good Standing

CONTACT

512 West Hickory, Denton, TX 76201

Derek T. Bragg

Litigation, Child Custody, Divorce & Family Law, Bankruptcy & Debt

Status: In Good Standing Licensed: 13 Years

FREE CONSULTATION

CONTACT

2001 Bryan Street, Dallas, TX 75201

Charles I. Kaplan

Estate Planning, Bankruptcy, Dispute Resolution, Criminal, Employment

Status: In Good Standing

CONTACT

3500 Oak Lawn Avenue, Dallas, TX 75219

800-923-0641

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LEGAL TERMS

TRADE NAME

The official name of a business, the one it uses on its letterhead and bank account when not dealing with consumers.

GARNISHMENT

A court-ordered process that takes property from a person to satisfy a debt. For example, a person who owes money to a creditor may have her wages garnished if ... (more...)

A court-ordered process that takes property from a person to satisfy a debt. For example, a person who owes money to a creditor may have her wages garnished if she loses a lawsuit filed by the creditor. Up to 25% of a person's wages can be deducted.

401(K) PLAN

A deferred compensation savings program in which employees invest part of their wages, sometimes along with employer contributions, to save on taxes. No income ... (more...)

A deferred compensation savings program in which employees invest part of their wages, sometimes along with employer contributions, to save on taxes. No income taxes on the amount invested and any earnings are due until the employee withdraws money from the fund.

CREDIT REPORT

An account of your credit history, prepared by a credit bureau. A credit report will contain both credit history, such as what you owe to whom and whether you m... (more...)

An account of your credit history, prepared by a credit bureau. A credit report will contain both credit history, such as what you owe to whom and whether you make the payments on time, as well as personal history, such as your former addresses, employment record and lawsuits in which you have been involved. An estimated 50% of all credit reports contain errors, such as accounts that don't belong to you, an incorrect account status or information reported that is older than seven years (ten years in the case of a bankruptcy).

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.

NONEXEMPT PROPERTY

The property you risk losing to your creditors when you file a Chapter 7 bankruptcy or when a creditor sues you and wins a judgment. Nonexempt property typicall... (more...)

The property you risk losing to your creditors when you file a Chapter 7 bankruptcy or when a creditor sues you and wins a judgment. Nonexempt property typically includes valuable clothing (furs) and electronic equipment, an expensive car that's been paid off and most of the equity in your house. Compare exempt property.

C CORPORATION

Common business slang to distinguish a corporation whose profits are taxed separate from its owners under subchapter C of the Internal Revenue Code, from an S c... (more...)

Common business slang to distinguish a corporation whose profits are taxed separate from its owners under subchapter C of the Internal Revenue Code, from an S corporation, whose profits are passed through to shareholders and taxed on their personal returns under subchapter S of the Internal Revenue Code.

PRESUMED ABUSE

In a Chapter 7 bankruptcy, when the debtor's current monthly income exceeds the family median income for his or her state and he or she cannot pass the means te... (more...)

In a Chapter 7 bankruptcy, when the debtor's current monthly income exceeds the family median income for his or her state and he or she cannot pass the means test, the court will presume that the debtor has sufficient income to fund a Chapter 13 plan. In this situation, the debtor will not be allowed to proceed with a Chapter 7 bankruptcy unless the debtor can prove that he or she is not abusing the Chapter 7 bankruptcy remedy.

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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Dallas Bankruptcy & Debt Lawyer, Texas, page 6

Sponsored Law Firm

Machi & Associates, P.C.

SPONSORED LAWYERS

Scot Pierce

Theodore Mack

Janna Ward Clarke

S. Aaron Holland

J. P. LeCompte

Shanna Cargill

Lawrence C. Collister

Lance Vanzant

Derek T. Bragg

Charles I. Kaplan

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LEGAL TERMS

TRADE NAME

GARNISHMENT

401(K) PLAN

CREDIT REPORT

FORBEARANCE

NONEXEMPT PROPERTY

C CORPORATION

PRESUMED ABUSE

LIMITED PARTNERSHIP

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