Flower Mound Bankruptcy Lawyer, Texas

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

Lauren  Powell Lawyer

Lauren Powell

VERIFIED
Divorce & Family Law, Bankruptcy & Debt, Estate, Family Law, Bankruptcy
National Board Certification In Consumer Bankruptcy

At Powell Law Offices, P.C. we are client-focused and results-driven! We care about, listen to, and fight for our clients. Call us for your free consu... (more)

FREE CONSULTATION 

CONTACT

800-890-2911

Shelly  Terrill Lawyer

Shelly Terrill

VERIFIED
Divorce & Family Law, Bankruptcy & Debt, Estate, Family Law, Bankruptcy

Attorney Shelly Terrill is the former Staff Attorney for the Plano Chapter 13 Trustee, and has over 25 years of experience representing individuals an... (more)

FREE CONSULTATION 

CONTACT

972-584-9382

Al Malone

Tax, Bankruptcy
Status:  Inactive           

FREE CONSULTATION 

CONTACT

Donna Roberts Hernandez

Litigation, Family Law, Business & Trade, Bankruptcy
Status:  In Good Standing           
Speak with Lawyer.com

Dale E. Butler

Construction, Traffic, Litigation, Consumer Bankruptcy
Status:  In Good Standing           Licensed:  27 Years

Dale Eugene Butler

Litigation, Construction, Consumer Bankruptcy
Status:  In Good Standing           Licensed:  27 Years

Daniel C. Durand

Bankruptcy, Wills & Probate, Family Law, Bankruptcy
Status:  In Good Standing           

Alison J. Grant

Wills, Family Law, Bankruptcy, Personal Injury
Status:  In Good Standing           Licensed:  26 Years

Steven Joseph Manderfeld

Oil & Gas, Family Law, Business & Trade, Consumer Bankruptcy
Status:  In Good Standing           Licensed:  15 Years

Gail D. Andrews

Commercial Real Estate, Real Estate, Consumer Rights, Consumer Bankruptcy
Status:  In Good Standing           Licensed:  32 Years

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Free Help: Use This Form or Call 800-943-8690

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LEGAL TERMS

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.

CHAPTER 13 BANKRUPTCY

The reorganization bankruptcy for consumers, in which you partially or fully repay your debts. In Chapter 13 bankruptcy, you keep your property and use your inc... (more...)
The reorganization bankruptcy for consumers, in which you partially or fully repay your debts. In Chapter 13 bankruptcy, you keep your property and use your income to pay all or a portion of the debts over three to five years. The minimum amount you must pay is roughly equal to the value of your nonexempt property. In addition, you must pledge your disposable net income -- after subtracting reasonable expenses -- for the period during which you are making payments. At the end of the three-to five-year period, the balance of what you owe on most debts is erased.

LIQUIDATING PARTNER

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

CREDIT BUREAU

A private, profit-making company that collects and sells information about a person's credit history. Typical clients include banks, mortgage lenders and credit... (more...)
A private, profit-making company that collects and sells information about a person's credit history. Typical clients include banks, mortgage lenders and credit card companies that use the information to screen applicants for loans and credit cards. There are three major credit bureaus, Equifax, Experian and Trans Union, and they are regulated by the federal Fair Credit Reporting Act.

DEFINED CONTRIBUTION PLAN

A type of pension plan that does not guarantee any particular pension amount upon retirement. Instead, the employer pays into the pension fund a certain amount ... (more...)
A type of pension plan that does not guarantee any particular pension amount upon retirement. Instead, the employer pays into the pension fund a certain amount every month, or every year, for each employee. The employer usually pays a fixed percentage of an employee's wages or salary, although sometimes the amount is a fraction of the company's profits, with the size of each employee's pension share depending on the amount of wage or salary. Upon retirement, each employee's pension is determined by how much was contributed to the fund on behalf of that employee over the years, plus whatever earnings that money has accumulated as part of the investments of the entire pension fund.

LIEN

The right of a secured creditor to grab a specific item of property if you don't pay a debt. Liens you agree to are called security interests, and include mortg... (more...)
The right of a secured creditor to grab a specific item of property if you don't pay a debt. Liens you agree to are called security interests, and include mortgages, home equity loans, car loans and personal loans for which you pledge property to guarantee repayment. Liens created without your consent are called nonconsensual liens, and include judgment liens (liens filed by a creditor who has sued you and obtained a judgment), tax liens and mechanics liens (liens filed by a contractor who worked on your house but wasn't paid).

NO-FAULT INSURANCE

Car insurance laws that require the insurance companies of each person in an accident to pay for medical bills and lost wages of their insured, up to a certain ... (more...)
Car insurance laws that require the insurance companies of each person in an accident to pay for medical bills and lost wages of their insured, up to a certain amount, regardless of who was at fault. The effect of no-fault insurance laws is to eliminate lawsuits in small accidents. The advantage is the prompt payment of medical bills and expenses. The downsides are that the amounts paid by no-fault policies are often not enough to fully cover a person's losses and that no-fault does not compensate for pain and suffering.

MEANS TEST

A formula that uses predefined income and expense categories to determine whether a debtor whose current monthly income is higher than the median family income ... (more...)
A formula that uses predefined income and expense categories to determine whether a debtor whose current monthly income is higher than the median family income for his or her state should be allowed to file for Chapter 7 bankruptcy.

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.

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 ...