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Weldon Allman
About | Practice Areas
Allmand Law Firm
4849 Greenville Ave Ste 230 Dallas, TX 75206Â» view map
Bankruptcy
Helping Good People Get a Fresh Start

At Allmand Law Firm, PLLC, our goal is to help each of our clients pursue a fresh start and the second chance they need to start again.

800-828-7421
1. Weldon Allman Dallas, TX
  Attorney at Law - TX, 2000
  Texas Wesleyan University J.D. 2000
2. AboutAllmand Law Firm
  Our team has more than two decades of experience.
3. Practice AreasExpertise
  Bankruptcy
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Stephen T. Hutcheson

Credit & Debt, Bankruptcy, Bankruptcy & Debt

Status: In Good Standing Licensed: 41 Years

CONTACT

1902 Skipaway Dr, Rowlett, TX 75088

Charles W. Holt

Construction, Litigation, Banking & Finance, Credit & Debt, Lawsuit & Dispute

Status: In Good Standing Licensed: 47 Years

CONTACT

500 Turtle Cove Blvd, Rockwall, TX 75087

Cynthia Ann Spencer

Commercial Real Estate, Litigation, Business & Trade, Credit & Debt

Status: In Good Standing Licensed: 41 Years

CONTACT

1102 Main St, Garland, TX 75040

Janet F. Resetar

Bankruptcy, Family Law, Clean Air Practice, Wills

Status: Deceased Licensed: 28 Years

CONTACT

Garland, TX 75046

Michele Addington Ratcliffe

Construction, Insurance, Credit & Debt, Personal Injury

Status: In Good Standing

CONTACT

1010 W Ralph Hall Pkwy, Rockwall, TX 75032

Steven M. Tinsley

Family Law, Elder Law, Business & Trade, Credit & Debt

Status: In Good Standing

CONTACT

517 W Centerville Rd, Garland, TX 75041

Whitney Yvonne Miranda

Immigration, Family Law, Consumer Bankruptcy

Status: In Good Standing Licensed: 16 Years

CONTACT

629 W Centerville Rd, Garland, TX 75041

Paul Lucas Purtha

Personal Injury, Employment, Consumer Bankruptcy, Business, Mass Torts

Status: In Good Standing Licensed: 32 Years

CONTACT

1209 Northwest Hwy, Garland, TX 75041

Holt Irby

Commercial Real Estate, Elder Law, Business & Trade, Credit & Debt

Status: In Good Standing Licensed: 62 Years

CONTACT

1102 Main St, Garland, TX 75040

Jerald Keith Brown

Science, Technology & Internet, Employee Rights, Business & Trade, Consumer Bankruptcy

Status: In Good Standing Licensed: 34 Years

CONTACT

505 Willowcrest Dr, Garland, TX 75040

800-923-0641

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LEGAL TERMS

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.

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.

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).

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.

AUTOMATIC STAY

An injunction automatically issued by the bankruptcy court when a debtor files for bankruptcy. The automatic stay prohibits most creditor collection activities,... (more...)

An injunction automatically issued by the bankruptcy court when a debtor files for bankruptcy. The automatic stay prohibits most creditor collection activities, such as filing or continuing lawsuits, making written requests for payment, or notifying credit reporting bureaus of an unpaid debt.

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.

PRESUMED ABUSE

In a Chapter 7 bankruptcy, when the debtor's current monthly income exceeds the family median income for his or her state and he or she cannot pass the means te... (more...)

In a Chapter 7 bankruptcy, when the debtor's current monthly income exceeds the family median income for his or her state and he or she cannot pass the means test, the court will presume that the debtor has sufficient income to fund a Chapter 13 plan. In this situation, the debtor will not be allowed to proceed with a Chapter 7 bankruptcy unless the debtor can prove that he or she is not abusing the Chapter 7 bankruptcy remedy.

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.

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.

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Rowlett Bankruptcy & Debt Lawyer, Texas

Sponsored Law Firm

Allmand Law Firm

SPONSORED LAWYERS

Stephen T. Hutcheson

Charles W. Holt

Cynthia Ann Spencer

Janet F. Resetar

Michele Addington Ratcliffe

Steven M. Tinsley

Whitney Yvonne Miranda

Paul Lucas Purtha

Holt Irby

Jerald Keith Brown

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LEGAL TERMS

DOING BUSINESS AS (DBA)

INTEREST

CREDIT REPORT

FAIR DEBT COLLECTIONS & PRACTICES ACT (FDCPA)

AUTOMATIC STAY

SOLE PROPRIETORSHIP

PRESUMED ABUSE

LIMITED PARTNERSHIP

S CORPORATION

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