Mckinney Bankruptcy Lawyer, Texas

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Lawyer Eric Engel
Texas Bankruptcy Law
Engel Law Group, P.S.
11520 N Central Expressway Suite 254 Dallas, TX 75248 » view map
Need to File for Bankruptcy?
We Can Solve Your Debt Problems

You can find peace of mind through debt negotiation, student loan management and reorganization, bankruptcy, or a combination of them all.

800-805-6061
1. Eric Engel Dallas, TX
  Attorney At Law - WA, 2004
  Gonzaga University School of Law
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  Dedicated to helping people through financial difficulties in the Seattle, Tacoma, Everett, and Bellevue area.
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Includes: Bankruptcy Litigation, Commercial Bankruptcy, Consumer Bankruptcy, Dissolution

Gregory T. Meyer

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

Status: In Good Standing

FREE CONSULTATION

CONTACT

5700 Granite Parkway, Plano, TX 75024

Servando James Mchazlett

Litigation, Immigration, Criminal, Consumer Bankruptcy, Personal Injury

Status: In Good Standing Licensed: 28 Years

CONTACT

1200 W University Dr, Mckinney, TX 75069

Janet C. Pederson

Power of Attorney, Estate Planning, Estate, Bankruptcy

Status: In Good Standing Licensed: 35 Years

CONTACT

201 S Mcdonald St, Mckinney, TX 75069

Larry R. Boyd

Real Estate, Litigation, Civil & Human Rights, Bankruptcy

Status: In Good Standing Licensed: 53 Years

CONTACT

1700 Redbud Blvd, Mckinney, TX 75069

Larry Ray Boyd

Litigation, State Appellate Practice, Business & Trade, Bankruptcy

Status: In Good Standing Licensed: 53 Years

CONTACT

1700 Redbud Blvd, Mckinney, TX 75069

Scott William Lemke

Wills, Criminal, Consumer Protection, Bankruptcy

Status: In Good Standing Licensed: 42 Years

CONTACT

201 S Mcdonald St, Mckinney, TX 75069

Amy Lynn Savell Jenkins

Commercial Real Estate, Oil & Gas, Elder Law, Consumer Bankruptcy

Status: In Good Standing Licensed: 22 Years

CONTACT

3600 Eldorado Parkway, Mckinney, TX 75070

James Ray Johnson

Family Law, Criminal, Bankruptcy, Personal Injury

Status: In Good Standing Licensed: 10 Years

CONTACT

6401 Eldorado Pkwy, Mckinney, TX 75070

Veronica Ann Deaver

Criminal, Administrative Law, Credit & Debt, Bankruptcy

Status: In Good Standing Licensed: 26 Years

CONTACT

1575 Heritage Dr, Mckinney, TX 75069

Jack M. Pepper

Real Estate, Consumer Bankruptcy, Credit & Debt, Family Law

Status: In Good Standing Licensed: 51 Years

CONTACT

901 N Mcdonald St, Mckinney, TX 75069

800-923-0641

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LEGAL TERMS

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.

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.

NONDISCHARGEABLE DEBTS

Debts that cannot be erased by filing for bankruptcy. If you file for Chapter 7 bankruptcy, these debts will remain when your case is over. If you file for Chap... (more...)

Debts that cannot be erased by filing for bankruptcy. If you file for Chapter 7 bankruptcy, these debts will remain when your case is over. If you file for Chapter 13 bankruptcy, the nondischargeable debts will have to be paid in full during your plan or you will have a balance at the end of your case. Examples of nondischargeable debts include alimony and child support, most income tax debts, many student loans and debts for personal injury or death caused by drunk driving. Compare dischargeable debts.

CREDIT INSURANCE

Insurance a lender requires a borrower to purchase to cover the loan. If the borrower dies or becomes disabled before paying off the loan, the policy will pay o... (more...)

Insurance a lender requires a borrower to purchase to cover the loan. If the borrower dies or becomes disabled before paying off the loan, the policy will pay off the remaining balance. Federal and state consumer protection laws require the lender to disclose to existing and potential borrowers the terms and costs of obtaining credit insurance because it can affect the terms of the loan.

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.

GUARANTEED RESERVATION

A hotel or rental car reservation secured by a credit card number. In exchange for your card number, the hotel or rental agency promises to have a room or vehic... (more...)

A hotel or rental car reservation secured by a credit card number. In exchange for your card number, the hotel or rental agency promises to have a room or vehicle for you no matter when you show up. If you have a guaranteed reservation with a hotel, it must provide you with a room, either at that hotel or at another comparable establishment. If you have a guaranteed reservation with a car agency, it must provide you with a vehicle. The downside of a guaranteed reservation is that if you don't show up and haven't cancelled your reservation, you will be billed for one night in the room or one day's use of the vehicle.

TRADE NAME

The official name of a business, the one it uses on its letterhead and bank account when not dealing with consumers.

REAFFIRMATION

An agreement that a debtor and a creditor enter into after a debtor has filed for bankruptcy, in which the debtor agrees to repay all or part of an existing deb... (more...)

An agreement that a debtor and a creditor enter into after a debtor has filed for bankruptcy, in which the debtor agrees to repay all or part of an existing debt after the bankruptcy case is over. For instance, a debtor might make a reaffirmation agreement with the holder of a car note that the debtor can keep the car and must continue to pay the debt after bankruptcy.

FRATERNAL BENEFIT SOCIETY BENEFITS

These are benefits, often group life insurance, paid for by fraternal societies to their members. Elks, Masons or Knights of Columbus are common fraternal socie... (more...)

These are benefits, often group life insurance, paid for by fraternal societies to their members. Elks, Masons or Knights of Columbus are common fraternal societies that provide benefits. Also called benefit society, benevolent society or mutual aid association benefits. Under bankruptcy laws, these benefits are virtually always considered exempt property.

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 ...

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Mckinney Bankruptcy Lawyer, Texas

Sponsored Law Firm

Engel Law Group, P.S.

SPONSORED LAWYERS

Gregory T. Meyer

Servando James Mchazlett

Janet C. Pederson

Larry R. Boyd

Larry Ray Boyd

Scott William Lemke

Amy Lynn Savell Jenkins

James Ray Johnson

Veronica Ann Deaver

Jack M. Pepper

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LEGAL TERMS

S CORPORATION

SOLE PROPRIETORSHIP

NONDISCHARGEABLE DEBTS

CREDIT INSURANCE

GENERAL PARTNER

GUARANTEED RESERVATION

TRADE NAME

REAFFIRMATION

FRATERNAL BENEFIT SOCIETY BENEFITS

SAMPLE LEGAL CASES

Ferguson v. BUILDING MATERIALS

Graber v. Fuqua

Unifund CCR Partners v. Villa

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