Hurst 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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Christopher Lee

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Bankruptcy & Debt, Business Organization, Consumer Rights, Tax Litigation, Power of Attorney

My Goal is to Make My Law Firm the Industry Standard in These Areas of the Law.

I am licensed to practice law in the United States Supreme Court, the State of Texas, both the Northern, Eastern and Southern Districts of Texas Feder... (more)

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800-795-0040

8701 Bedford Euless Road, Hurst, TX 76053

James M. Morrison

Construction, Government, Criminal, Administrative Law, Bankruptcy

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6815 Manhattan Blvd., Fort Worth, TX 76120

Diana S. Weitzel

Adoption, Alimony & Spousal Support, Child Support, Collection

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2009 East Lamar Blvd., Arlington, TX 76006

Pamela L. Wilder

Adoption, Alimony & Spousal Support, Child Support, Collection

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FREE CONSULTATION

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2009 East Lamar Blvd., Arlington, TX 76006

Kelli L. Johnson

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

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728 North Fielder Road, Arlington, TX 76012

J. C. Bailey

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

FREE CONSULTATION

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1901 Airport Freeway, Bedford, TX 76021

J. C. Bailey III

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

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1900 W. Airport Freeway, Bedford, TX 76021

David L. Pritchard

Real Estate, Credit & Debt, Consumer Bankruptcy, Bankruptcy

Status: Licensed: 39 Years

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1244 Southridge Ct, Hurst, TX 76053

Monty Jon Buhrow

Employee Rights, Insurance, Credit & Debt, Personal Injury

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8701 Bedford Euless Rd, Hurst, TX 76053

Behrooz P. Vida

Tax, Consumer Protection, Civil & Human Rights, Bankruptcy

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3000 Central Dr, Bedford, TX 76021

800-814-6700

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LEGAL TERMS

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.

S CORPORATION

A term that describes a profit-making corporation organized under state law whose shareholders have applied for and received subchapter S corporation status fro... (more...)

A term that describes a profit-making corporation organized under state law whose shareholders have applied for and received subchapter S corporation status from the Internal Revenue Service. Electing to do business as an S corporation lets shareholders enjoy limited liability status, as would be true of any corporation, but be taxed like a partnership or sole proprietor. That is, instead of being taxed as a separate entity (as would be the case with a regular or C corporation) an S corporation is a pass-through tax entity: income taxes are reported and paid by the shareholders, not the S corporation. To qualify as an S corporation a number of IRS rules must be met, such as a limit of 75 shareholders and citizenship requirements.

CHAPTER 13 PLAN

A document filed in a Chapter 13 bankruptcy in which the debtor shows how all of his or her disposable income will be used over a three- to five-year period to ... (more...)

A document filed in a Chapter 13 bankruptcy in which the debtor shows how all of his or her disposable income will be used over a three- to five-year period to pay all mandatory debts -- for example, back child support, taxes, and mortgage arrearages -- as well as some or all unsecured, nonpriority debts, such as medical and credit card bills.

DOING BUSINESS AS (DBA)

A situation in which a business owner operates a company under a name different from his or her real name. The owner must file a 'fictitious name statement' or ... (more...)

A situation in which a business owner operates a company under a name different from his or her real name. The owner must file a 'fictitious name statement' or similar document with the appropriate agency -- for example, the county clerk. This enables consumers to discover the names of the business owners, which is important if a consumer needs to sue the business.

FAIR LABOR STANDARDS ACT (FLSA)

A federal law that guarantees a worker's right to be paid fairly. The FLSA defines the 40-hour workweek, sets out the federal minimum wage, states requirements ... (more...)

A federal law that guarantees a worker's right to be paid fairly. The FLSA defines the 40-hour workweek, sets out the federal minimum wage, states requirements for overtime and places restrictions on child labor.

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.

LIMITED LIABILITY

The maximum amount a business owner can lose if the business is subject to debts, claims or other liabilities. An owner of a limited liability company (LLC) or ... (more...)

The maximum amount a business owner can lose if the business is subject to debts, claims or other liabilities. An owner of a limited liability company (LLC) or a person who invests in a corporation (a shareholder) generally stands to lose only the amount of money invested in the business. This means that if the business folds, creditors cannot seize or sell an owner's home, car, or other personal assets.

SUBROGATION

A taking on of the legal rights of someone whose debts or expenses have been paid. For example, subrogation occurs when an insurance company that has paid off i... (more...)

A taking on of the legal rights of someone whose debts or expenses have been paid. For example, subrogation occurs when an insurance company that has paid off its injured claimant takes the legal rights the claimant has against a third party that caused the injury, and sues that third party.

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.

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Hurst Bankruptcy & Debt Lawyer, Texas

Sponsored Law Firm

Machi & Associates, P.C.

SPONSORED LAWYERS

Christopher Lee

James M. Morrison

Diana S. Weitzel

Pamela L. Wilder

Kelli L. Johnson

J. C. Bailey

J. C. Bailey III

David L. Pritchard

Monty Jon Buhrow

Behrooz P. Vida

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LEGAL TERMS

SOLE PROPRIETORSHIP

S CORPORATION

CHAPTER 13 PLAN

DOING BUSINESS AS (DBA)

FAIR LABOR STANDARDS ACT (FLSA)

MEANS TEST

LIMITED LIABILITY

SUBROGATION

ADMINISTRATIVE EXPENSES

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