Euless Bankruptcy & Debt Lawyer, Texas

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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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Diana S. Weitzel

Adoption, Alimony & Spousal Support, Child Support, Collection

Status: In Good Standing

FREE CONSULTATION

CONTACT

2009 East Lamar Blvd., Arlington, TX 76006

Pamela L. Wilder

Adoption, Alimony & Spousal Support, Child Support, Collection

Status: In Good Standing

FREE CONSULTATION

CONTACT

2009 East Lamar Blvd., Arlington, TX 76006

J. C. Bailey

Wills & Probate, Bankruptcy, Bankruptcy & Debt, Personal Injury

FREE CONSULTATION

CONTACT

1901 Airport Freeway, Bedford, TX 76021

Brandon Warren Weaver

Oil & Gas, Insurance, Credit & Debt, Personal Injury

Status: In Good Standing Licensed: 21 Years

CONTACT

800 N Industrial Blvd, Euless, TX 76039

Behrooz P. Vida

Tax, Consumer Protection, Civil & Human Rights, Bankruptcy

Status: In Good Standing

CONTACT

3000 Central Dr, Bedford, TX 76021

J. C. Bailey III

Bankruptcy & Debt, Criminal, Divorce & Family Law, Accident & Injury, Workers' Compensation

Status: In Good Standing

FREE CONSULTATION

CONTACT

1900 W. Airport Freeway, Bedford, TX 76021

J. C. Bailey

Wills & Probate, Bankruptcy, Bankruptcy & Debt, Personal Injury

Status: In Good Standing Licensed: 36 Years

CONTACT

1901 Airport Freeway, Bedford, TX 76021

Steven T. Polino

Litigation, Health Care Other, Family Law, Bankruptcy

Status: In Good Standing Licensed: 36 Years

CONTACT

3216 Prince Ct, Bedford, TX 76021

David William Roth

Litigation, Credit & Debt, Collection, Bankruptcy & Debt

Status: In Good Standing Licensed: 21 Years

CONTACT

2217 Harwood Road, Bedford, TX 76021

Carla Reed Vida

Bankruptcy, Bankruptcy & Debt

Status: In Good Standing

CONTACT

3000 Central Dr, Bedford, TX 76021

800-923-0641

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LEGAL TERMS

WINDING UP

The process of paying off expenses and creditors, settling accounts, and collecting and distributing (to shareholders and owners) whatever assets then remain, a... (more...)

The process of paying off expenses and creditors, settling accounts, and collecting and distributing (to shareholders and owners) whatever assets then remain, all with the ultimate goal of liquidating or closing down a corporation or partnership.

TRADE NAME

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

ADMINISTRATIVE EXPENSES

The trustee's fee, the debtor's attorney fees, and other costs of bringing a bankruptcy case that a debtor must pay in full in a Chapter 13 repayment plan. Admi... (more...)

The trustee's fee, the debtor's attorney fees, and other costs of bringing a bankruptcy case that a debtor must pay in full in a Chapter 13 repayment plan. Administrative costs are typically 10% of the debtor's total payments under the plan.

DISPOSABLE INCOME

The difference between a debtor's current monthly income and allowable expenses. This is the amount that the new bankruptcy law deems available to pay into a Ch... (more...)

The difference between a debtor's current monthly income and allowable expenses. This is the amount that the new bankruptcy law deems available to pay into a Chapter 13 plan.

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.

SETOFF

A claim made by someone who allegedly owes money, that the amount should be reduced because the other person owes him money. This is often raised in a countercl... (more...)

A claim made by someone who allegedly owes money, that the amount should be reduced because the other person owes him money. This is often raised in a counterclaim filed by a defendant in a lawsuit. Banks may try to exercise a setoff by taking money out of a deposit account to satisfy past due payments on a loan or credit card bill. Such an act is illegal under most circumstances.

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.

REDEMPTION

In Chapter 7 bankruptcy, when the debtor obtains legal title to collateral for a debt by paying the creditor the replacement value of the collateral in a lump s... (more...)

In Chapter 7 bankruptcy, when the debtor obtains legal title to collateral for a debt by paying the creditor the replacement value of the collateral in a lump sum. For example, a debtor may redeem a car note by paying the lender the amount a retail vendor would charge for the car, considering its age and condition.

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.

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Euless Bankruptcy & Debt Lawyer, Texas

Sponsored Law Firm

Machi & Associates, P.C.

SPONSORED LAWYERS

Diana S. Weitzel

Pamela L. Wilder

J. C. Bailey

Brandon Warren Weaver

Behrooz P. Vida

J. C. Bailey III

J. C. Bailey

Steven T. Polino

David William Roth

Carla Reed Vida

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LEGAL TERMS

WINDING UP

TRADE NAME

ADMINISTRATIVE EXPENSES

DISPOSABLE INCOME

PRESUMED ABUSE

SETOFF

MEETING OF CREDITORS

REDEMPTION

UNDUE HARDSHIP

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