Fort Worth 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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Gaylene Rogers Lonergan

Corporate, Banking & Finance, Collection, Bankruptcy

Status: In Good Standing

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12801 North Central Expy., Dallas, TX 75243

Lance Vanzant

Estate Planning, Family Law, Corporate, Collection

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512 West Hickory, Denton, TX 76201

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Landlord-Tenant, Banking & Finance, Credit & Debt, Bankruptcy

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Megan Beatty Rachel

Ethics, Wills, Divorce, Bankruptcy

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501 W. President George Bush Hwy., Richardson, TX 75080

Gregory T. Meyer

Dispute Resolution, Federal Appellate Practice, Divorce, Criminal, Bankruptcy

Status: In Good Standing

FREE CONSULTATION

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5700 Granite Parkway, Plano, TX 75024

Charity K Borserine

Farms, Child Support, Adoption, Bankruptcy

Status: In Good Standing

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2591 Dallas Parkway, Frisco, TX 75034

Chris R. Norris

Litigation, Insurance, Credit & Debt, Bankruptcy

Status: In Good Standing

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500 North Central Expressway, Plano, TX 75074

Gregory C. Mack

Alimony & Spousal Support, Child Support, Corporate, Collection

Status: In Good Standing

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1333 W. McDermott Drive, Allen, TX 75013

Karen Hutchinson Gordon

Corporate Governance, Business Successions, Business Organization, Dissolution

Status: In Good Standing Licensed: 46 Years

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1320 S University Dr, Aledo, TX 76107

Jeff P. Prostok

Litigation, Bankruptcy, Bankruptcy & Debt

Status: In Good Standing

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777 Main St., Fort Worth, TX 76102

800-923-0641

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LEGAL TERMS

COLLATERAL

Property that guarantees payment of a secured debt.

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.

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.

ABUSE

Misuse of the Chapter 7 bankruptcy remedy. This term is typically applied to Chapter 7 bankruptcy filings that should have been filed under Chapter 13, because ... (more...)

Misuse of the Chapter 7 bankruptcy remedy. This term is typically applied to Chapter 7 bankruptcy filings that should have been filed under Chapter 13, because the debtor appears to have enough disposable income to fund a Chapter 13 repayment plan.

FAIR CREDIT BILLING ACT (FCBA)

A federal law that gives you rights when an error occurs on your credit card statement. You must notify the credit card company of the mistake within 60 days af... (more...)

A federal law that gives you rights when an error occurs on your credit card statement. You must notify the credit card company of the mistake within 60 days after it mailed the bill to you. The company must then correct the mistake, or at least acknowledge receipt of your letter within 30 days, and must correct the error within 90 days or explain why it believes the credit card statement is correct.

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.

PRIORITY DEBT

A type of debt that is paid first if there are distributions made from the bankruptcy estate in a Chapter 7 bankruptcy, and must be paid in full in a Chapter 13... (more...)

A type of debt that is paid first if there are distributions made from the bankruptcy estate in a Chapter 7 bankruptcy, and must be paid in full in a Chapter 13 bankruptcy. Priority debts include alimony and child support, fees owed to the trustee and the attorney in the bankruptcy case, and wages owed to employees.

INTEREST

A commission you pay a bank or other creditor for lending you money or extending you credit. An interest rate represents the annual percentage that is added to ... (more...)

A commission you pay a bank or other creditor for lending you money or extending you credit. An interest rate represents the annual percentage that is added to your balance. This means that if your loan or credit line has an interest rate of 8%, the holder adds 8% to the balance each year. More specifically, interest is calculated and added to your loan or credit line through a process called compounding. If interest is compounded daily, the balance will rise by 1/365th of 8% each day. If interest is compounded monthly, the balance will rise 1/12th of 8% at the start of each month.

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.

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Fort Worth Bankruptcy & Debt Lawyer, Texas, page 6

Sponsored Law Firm

Machi & Associates, P.C.

SPONSORED LAWYERS

Gaylene Rogers Lonergan

Lance Vanzant

Jennifer A. Mitchell

Megan Beatty Rachel

Gregory T. Meyer

Charity K Borserine

Chris R. Norris

Gregory C. Mack

Karen Hutchinson Gordon

Jeff P. Prostok

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LEGAL TERMS

COLLATERAL

WINDING UP

C CORPORATION

ABUSE

FAIR CREDIT BILLING ACT (FCBA)

REDEMPTION

PRIORITY DEBT

INTEREST

FAIR DEBT COLLECTIONS & PRACTICES ACT (FDCPA)

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