Irving 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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Jacylyn Gardner Austein

Credit & Debt, Bankruptcy, Bankruptcy & Debt

Status: In Good Standing Licensed: 15 Years

CONTACT

300 E John Carpenter Fwy, Irving, TX 75062

Natalie Michelle Wisdom

General Practice

Status: In Good Standing Licensed: 15 Years

CONTACT

Irving, TX 75017

Jennifer Webster Taffe

Administrative Law, Credit & Debt, Public Finance

Status: In Good Standing Licensed: 26 Years

CONTACT

5000 Riverside Dr, Irving, TX 75039

Timothy Warren Muller

Contract, Oil & Gas, Bankruptcy, Commercial Real Estate

Status: In Good Standing

CONTACT

300 East John Carpenter Freeway, Irving, TX 75062

Caitlin Anais Rowe

General Practice

Status: In Good Standing

CONTACT

580 Decker Dr, Dallas, TX 75219

Francis Bartholomew Majorie

Litigation, State Appellate Practice, Business & Trade, Credit & Debt

Status: In Good Standing Licensed: 41 Years

CONTACT

1450 Cottonwood Valley Ct, Irving, TX 75038

Francis B. Majorie

Litigation, State Appellate Practice, Business & Trade, Credit & Debt

Status: In Good Standing Licensed: 41 Years

CONTACT

1450 Cottonwood Valley Ct, Irving, TX 75038

Sheree Lynn Mccall

Real Estate, Litigation, Intellectual Property, Commercial Bankruptcy

Status: In Good Standing Licensed: 47 Years

CONTACT

1455 Cottonwood Valley Ct, Irving, TX 75038

Kia Shauntrelle Lusk

Juvenile Law, Elder Law, Business & Trade, Bankruptcy

Status: In Good Standing Licensed: 12 Years

CONTACT

320 Decker Dr, Irving, TX 75062

James Clarke Wilcox

Intellectual Property, Entertainment, Business & Trade, Credit & Debt

Status: In Good Standing Licensed: 22 Years

CONTACT

221 S Jefferson St, Irving, TX 75060

800-923-0641

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LEGAL TERMS

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.

TRADE DRESS

The distinctive packaging or design of a product that promotes the product and distinguishes it from other products in the marketplace -- for example, the shape... (more...)

The distinctive packaging or design of a product that promotes the product and distinguishes it from other products in the marketplace -- for example, the shape of Frangelico liqueur bottles. Trade dress can be protected under trademark law if a showing can be made that the average consumer would likely be confused as to product origin if another product were allowed to appear in similar dress.

LIABILITY

(1) The state of being liable--that is, legally responsible for an act or omission. Example:Peri hires Paul to fix a broken pipe in her bathroom, but the new pi... (more...)

(1) The state of being liable--that is, legally responsible for an act or omission. Example:Peri hires Paul to fix a broken pipe in her bathroom, but the new pipe bursts the day after Paul installs it, ruining the bathroom floor. This raises the issue of liability: Who is responsible for the damage? Peri claims that Paul is responsible, and sues him for the cost of hiring another plumber to fix the pipe and replacing the floor. Paul, in turn, claims that the pipe manufacturer is responsible, because they supplied him with faulty materials. Both Peri and Paul must prove their claims in court; if Paul and/or the manufacturer is found liable, one or both will have to pay damages to Peri. (2) Something for which a person is liable. For example, a debt is often called a liability.

LIMITED PARTNERSHIP

A business structure that allows one or more partners (called limited partners) to enjoy limited personal liability for partnership debts while another partner ... (more...)

A business structure that allows one or more partners (called limited partners) to enjoy limited personal liability for partnership debts while another partner or partners (called general partners) have unlimited personal liability. The key difference between a general and limited partner concerns management decision making--general partners run the business, and limited partners, who are usually passive investors, are not allowed to make day-to-day business decisions. If they do, they risk being treated as general partners with unlimited personal liability.

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.

PROCEEDS FOR DAMAGED EXEMPT PROPERTY

In a bankruptcy proceeding, money collected through insurance, arbitration, mediation, settlement or a lawsuit to pay for exempt property that's no longer exemp... (more...)

In a bankruptcy proceeding, money collected through insurance, arbitration, mediation, settlement or a lawsuit to pay for exempt property that's no longer exemptible because it has been damaged or destroyed.

WORKOUT

A debtor's plan to take care of a debt, by paying it off or through loan forgiveness. Workouts are often created to avoid bankruptcy or foreclosure proceedings.

DISPOSABLE INCOME

The difference between a debtor's current monthly income and allowable expenses. This is the amount that the new bankruptcy law deems available to pay into a Ch... (more...)

The difference between a debtor's current monthly income and allowable expenses. This is the amount that the new bankruptcy law deems available to pay into a Chapter 13 plan.

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.

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Irving Bankruptcy & Debt Lawyer, Texas, page 6

Sponsored Law Firm

Machi & Associates, P.C.

SPONSORED LAWYERS

Jacylyn Gardner Austein

Natalie Michelle Wisdom

Jennifer Webster Taffe

Timothy Warren Muller

Caitlin Anais Rowe

Francis Bartholomew Majorie

Francis B. Majorie

Sheree Lynn Mccall

Kia Shauntrelle Lusk

James Clarke Wilcox

TIPS

LEGAL TERMS

CHAPTER 13 PLAN

TRADE DRESS

LIABILITY

LIMITED PARTNERSHIP

C CORPORATION

PROCEEDS FOR DAMAGED EXEMPT PROPERTY

WORKOUT

DISPOSABLE INCOME

WINDING UP

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