Grand Saline Credit & Debt Lawyer, Texas
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1-3 of 3 matches. Page 1 of 1
Philip D. Alexander
Administrative Law, Credit & Debt, Personal Injury, Family Law
Status: In Good Standing Licensed: 31 Years
Emory, TX 75440
Profile LAWPOINTS™19/100
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John Richard Frazier
Real Estate, Insurance, Credit & Debt, Consumer Bankruptcy
Status: Deceased Licensed: 68 Years
308 Cedar St, Wills Point, TX 75169
Profile LAWPOINTS™29/100
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Gregory A. Fraser
Litigation, Lawsuit & Dispute, Credit & Debt, Bankruptcy & Debt, Business
Status: In Good Standing Licensed: 36 Years
209 S Main St, Tyler, TX 75771
Profile LAWPOINTS™29/100
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LEGAL TERMS
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.
BANKRUPTCY
A legal proceeding that relieves you of the responsibility of paying your debts or provides you with protection while attempting to repay your debts. There are ... (more...)
A legal proceeding that relieves you of the responsibility of paying your debts or provides you with protection while attempting to repay your debts. There are two types of bankruptcies -- liquidation, in which your debts are wiped out (discharged) and reorganization, in which you provide the court with a plan for how you intend to repay your debts. For both consumers and business, liquidation bankruptcy is called Chapter 7. For consumers, reorganization bankruptcy is called Chapter 13. Reorganization bankruptcy for consumers with an extraordinary amount of debt and for businesses is called Chapter 11. Reorganization bankruptcy for family farmers is called Chapter 12.
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.
CHAPTER 7 BANKRUPTCY
The most familiar type of bankruptcy, in which many or all of your debts are wiped out completely in exchange for giving up your nonexempt property. Chapter 7 b... (more...)
The most familiar type of bankruptcy, in which many or all of your debts are wiped out completely in exchange for giving up your nonexempt property. Chapter 7 bankruptcy takes from three to six months, costs about $200, and commonly requires only one trip to the courthouse.
COLLATERAL
Property that guarantees payment of a secured debt.
CCCS
See Consumer Credit Counseling Service.
FCBA
See Fair Credit Billing Act.
GARNISHMENT
A court-ordered process that takes property from a person to satisfy a debt. For example, a person who owes money to a creditor may have her wages garnished if ... (more...)
A court-ordered process that takes property from a person to satisfy a debt. For example, a person who owes money to a creditor may have her wages garnished if she loses a lawsuit filed by the creditor. Up to 25% of a person's wages can be deducted.
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.
SAMPLE LEGAL CASES
Eaves v. Unifund CCR Partners
... Tommy L. Eaves appeals the jury's verdict against him in Unifund CCR Partners ("Unifund
Partners") suit to collect unpaid credit-card debt. We affirm. BACKGROUND. Citibank issued
an AT & T credit card to Eaves, and Eaves made purchases with the card. ...
Dulong v. Citibank (South Dakota), NA
... 892 OPINION. Opinion by Justice RICHTER. This case involves a traditional summary judgment
in a credit card debt collection matter. Citibank (South Dakota), NA ("Citibank") sued Donna Dulong
to recover the balance owed on a credit card (the "Credit Card"). ...
Martinez v. Midland Credit Management, Inc.
... denied), argued that Midland was not entitled to proceed on a sworn account theory
to recover a credit card debt. At the hearing on Martinez's Motion for New Trial,
Midland argued that its claim was one for breach of contract. ...
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PRACTICE AREAS 30
- Accident & Injury
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- -Commercial Bankruptcy
- -Consumer Bankruptcy
- -Dissolution
- -Collection
- Credit & Debt
- -Reorganization
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