Grand Prairie Bankruptcy & Debt Lawyer, Texas, page 2

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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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Alvin Quincey Malone

✓ VERIFIED

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

Al Malone left a career as a tax advisor at one of the largest and most respected companies in the world to establish a firm dedicated to helping comm... (more)

FREE CONSULTATION

CONTACT

817-953-3112

3100 W Southlake Blvd, Southlake, TX 76092

Eric J. Engel

✓ VERIFIED

Estate Planning, International Tax, Bankruptcy, Family Law, Criminal

Eric attended both Gonzaga and Seattle University Schools of Law. During law school, Eric earned a spot on the prestigious Law Review team where he be... (more)

FREE CONSULTATION

CONTACT

214-984-0059

15150 Preston Road, Dallas, TX 75248

Michael E. Robinson

✓ VERIFIED

Accident & Injury, Bankruptcy & Debt, Estate, Real Estate, Litigation

Michael E. (Mike) Robinson is an experienced litigation attorney concentrating in commercial and residential real estate, legal malpractice and client... (more)

CONTACT

800-929-4151

2704 Sherrill Park Ct, Richardson, TX 75082

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

Dan Wallis

Consumer Bankruptcy, Personal Injury

Status: In Good Standing

FREE CONSULTATION

CONTACT

2216 S. Cooper, Arlington, TX 76013

Kelli L. Johnson

Bankruptcy, Child Support, Children's Rights, Collaborative Law

Status: In Good Standing

CONTACT

728 North Fielder Road, Arlington, TX 76012

James M. Morrison

Construction, Government, Criminal, Administrative Law, Bankruptcy

Status: In Good Standing

CONTACT

6815 Manhattan Blvd., Fort Worth, TX 76120

David L. Paschall

Litigation, Election & Political, Corporate, Collection

Status: In Good Standing

CONTACT

1201 Elm Street, Dallas, TX 75270

Neil J. Orleans

Business Organization, Bankruptcy, Litigation

Status: In Good Standing

CONTACT

1201 Elm Street, Dallas, TX 75270

800-923-0641

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LEGAL TERMS

CURRENT MONTHLY INCOME

As defined by the new bankruptcy law, a bankruptcy filer's total gross income (whether taxable or not), averaged over the six-month period immediately preceding... (more...)

As defined by the new bankruptcy law, a bankruptcy filer's total gross income (whether taxable or not), averaged over the six-month period immediately preceding the bankruptcy filing. The debtor's current monthly income is used to determine whether the debtor can file for Chapter 7 bankruptcy, among other things.

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.

BULK SALES LAW

A law that regulates the transfer of business assets so that business owners cannot dispose of assets in order to avoid creditors. If a business owner wants to ... (more...)

A law that regulates the transfer of business assets so that business owners cannot dispose of assets in order to avoid creditors. If a business owner wants to conduct a bulk sale of business assets -- that is, get rid of an unusually large amount of inventory, merchandise or equipment -- the business owner must typically publish a notice of the sale and give written notice to creditors. Then, the owner must set up an account to hold the funds from the sale for a brief period of time during which creditors may make claims against the money. The prohibition against bulk sales is spelled out in the Uniform Commercial Code -- and laws modeled on the UCC have been generally adopted throughout the country.

COLLECTION AGENCY

A company hired by a creditor to collect a debt that it is owed. Creditors typically hire a collection agency only after they have made efforts to collect the d... (more...)

A company hired by a creditor to collect a debt that it is owed. Creditors typically hire a collection agency only after they have made efforts to collect the debt themselves, typically through letters (called 'dunning' letters) and telephone calls. Collection agencies are regulated by the federal Fair Debt Collection Practices Act. Unfortunately, too many collectors ignore this law.

ACCORD AND SATISFACTION

An agreement to settle a contract dispute by accepting less than what's due. This procedure is often used by creditors who want to cut their losses by collectin... (more...)

An agreement to settle a contract dispute by accepting less than what's due. This procedure is often used by creditors who want to cut their losses by collecting as much money as they can from debtors who cannot pay the full amount.

COLLATERAL

Property that guarantees payment of a secured debt.

FCRA

See Fair Credit Reporting Act.

CREDITOR

A person or entity (such as a bank) to whom a debt is owed.

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).

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Grand Prairie Bankruptcy & Debt Lawyer, Texas, page 2

Sponsored Law Firm

Machi & Associates, P.C.

SPONSORED LAWYERS

Alvin Quincey Malone

Eric J. Engel

Michael E. Robinson

Diana S. Weitzel

Pamela L. Wilder

Dan Wallis

Kelli L. Johnson

James M. Morrison

David L. Paschall

Neil J. Orleans

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LEGAL TERMS

CURRENT MONTHLY INCOME

GENERAL PARTNER

BULK SALES LAW

COLLECTION AGENCY

ACCORD AND SATISFACTION

COLLATERAL

FCRA

CREDITOR

CREDIT REPORT

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