Euless Bankruptcy 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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Includes: Bankruptcy Litigation, Commercial Bankruptcy, Consumer Bankruptcy, Dissolution

J. C. Bailey

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

FREE CONSULTATION

CONTACT

1901 Airport Freeway, Bedford, TX 76021

Behrooz P. Vida

Tax, Consumer Protection, Civil & Human Rights, Bankruptcy

Status: In Good Standing

CONTACT

3000 Central Dr, 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

Carla Reed Vida

Bankruptcy, Bankruptcy & Debt

Status: In Good Standing

CONTACT

3000 Central Dr, Bedford, TX 76021

Wade Westerman Mathis (Wade)

Family Law, Commercial Real Estate, Consumer Bankruptcy, Wills

Status: In Good Standing Licensed: 12 Years

CONTACT

1452 Hughes Road, Grapevine, TX 76051

Stacy B. Loftin

Public Finance, Business & Trade, Banking & Finance, Bankruptcy

Status: In Good Standing

CONTACT

3950 State Highway 360, Grapevine, TX 76051

Richard L. Venable

Consumer Protection, Civil & Human Rights, Bankruptcy

Status: In Good Standing

CONTACT

3000 Central Dr, Bedford, TX 76021

Kathleen Estelle Smith

Juvenile Law, Employee Rights, Family Law, Bankruptcy

Status: In Good Standing Licensed: 35 Years

CONTACT

1205 Hall Johnson Rd, Colleyville, TX 76034

Kathleen Elizabeth H Smith

Juvenile Law, Employee Rights, Family Law, Bankruptcy

Status: In Good Standing Licensed: 19 Years

CONTACT

1205 Hall Johnson Rd, Colleyville, TX 76034

800-923-0641

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LEGAL TERMS

GRACE PERIOD

A period of time during which you are not required to make payments on a debt. For example, most credit cards give you a grace period of 20-30 days before you h... (more...)

A period of time during which you are not required to make payments on a debt. For example, most credit cards give you a grace period of 20-30 days before you have to pay interest on the amount of your purchases. Cash advances, however, usually have no grace period; interest begins to accumulate from the date of the withdrawal, even if you pay your bills on time. Also, some student loans give you a grace period after graduating or dropping out of school. During this time, you are not required to make payments on your loan.

COLLATERAL

Property that guarantees payment of a secured debt.

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.

FAIR DEBT COLLECTIONS & PRACTICES ACT (FDCPA)

A federal law that outlaws unfair debt collection practices, including lying, harassing, misleading and otherwise abusing debtors, by debt collectors working fo... (more...)

A federal law that outlaws unfair debt collection practices, including lying, harassing, misleading and otherwise abusing debtors, by debt collectors working for collection agencies. The law does not apply to creditors collecting their own debts. This law has greatly improved conditions for debtors, although more than a few debt collectors ignore the law. If a collection agency violates the law, debtors can contact the Federal Trade Commission for help.

NUISANCE FEES

Money charged by some credit card companies to increase their profits when you fail to use the card the way the creditor wants. Examples include late payment fe... (more...)

Money charged by some credit card companies to increase their profits when you fail to use the card the way the creditor wants. Examples include late payment fees, inactivity fees and fees for not carrying a balance from month to month. It's best to shop around and get rid of cards that have these fees attached.

CREDIT INSURANCE

Insurance a lender requires a borrower to purchase to cover the loan. If the borrower dies or becomes disabled before paying off the loan, the policy will pay o... (more...)

Insurance a lender requires a borrower to purchase to cover the loan. If the borrower dies or becomes disabled before paying off the loan, the policy will pay off the remaining balance. Federal and state consumer protection laws require the lender to disclose to existing and potential borrowers the terms and costs of obtaining credit insurance because it can affect the terms of the loan.

LIQUIDATING PARTNER

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

GENERAL PARTNER

A person who joins with at least one other to own and operate a business for profit -- and who (unlike a corporation's owners), is personally liable for all the... (more...)

A person who joins with at least one other to own and operate a business for profit -- and who (unlike a corporation's owners), is personally liable for all the business's debts and obligations. A general partner's actions can legally bind the entire business. See also partnership, limited partnership.

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.

SAMPLE LEGAL CASES

Ferguson v. BUILDING MATERIALS

... Clair Newbern, Fort Worth, TX, for Amicus Curiae. PER CURIAM. At issue in this appeal is whether the plaintiffs in a personal injury suit should be estopped from pursuing their claim because they initially omitted it as a listed asset in a pending bankruptcy. ...

Graber v. Fuqua

... 2240, 135 L.Ed.2d 700 (1996)). IV. Federal Law Occupies the Field of Bankruptcy and Preempts State Law. ... Id. C. The Required Uniformity of Bankruptcy Laws Mitigates Against Development of State Common Law Claims for Misconduct in Bankruptcy Proceedings. ...

Unifund CCR Partners v. Villa

... Villa later filed for bankruptcy, and his debts were discharged. In his bankruptcy filing, Villa listed Bank One, not Unifund, as creditor on the credit card debt. After Villa's bankruptcy, Unifund sued Villa on the debt. Villa answered ...

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Euless Bankruptcy Lawyer, Texas

Sponsored Law Firm

Machi & Associates, P.C.

SPONSORED LAWYERS

J. C. Bailey

Behrooz P. Vida

J. C. Bailey

Steven T. Polino

Carla Reed Vida

Wade Westerman Mathis (Wade)

Stacy B. Loftin

Richard L. Venable

Kathleen Estelle Smith

Kathleen Elizabeth H Smith

TIPS

LEGAL TERMS

GRACE PERIOD

COLLATERAL

SOLE PROPRIETORSHIP

FAIR DEBT COLLECTIONS & PRACTICES ACT (FDCPA)

NUISANCE FEES

CREDIT INSURANCE

LIQUIDATING PARTNER

GENERAL PARTNER

NONEXEMPT PROPERTY

SAMPLE LEGAL CASES

Ferguson v. BUILDING MATERIALS

Graber v. Fuqua

Unifund CCR Partners v. Villa

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