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Roland V. Combs III
About | Practice Areas
Roland V. Combs III & Associates PLC
4401 NW 4th St Suite 121 Oklahoma City, OK 73107» view map
Bankruptcy & Debt
Over 35 Years Of Experience

The Law Firm of Roland V. Combs III & Associates PLC knows how to ward off relentless debt collectors and get you back on track to a stable financial future.

800-827-4970
1. Roland Combs Oklahoma City, OK
  Attorney at Law - OK, 1985
  University of Oklahoma J.D. 1984
2. AboutRoland V. Combs III & Associates PLC
  Hundreds Counseled & Represented.
3. Practice AreasExpertise
  Bankruptcy & Debt
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Rana Wycoff Womack

Workers' Compensation, Adoption, Bankruptcy & Debt, Contract, Bankruptcy

Status: In Good Standing

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Altus, OK 73522

Phillip Lynn Nelson

Adoption, Elder Law, Insurance, Bankruptcy & Debt

Status: In Good Standing

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1000 N Main Street, Altus, OK 73522

Brad David Leverett

Adoption, Bankruptcy & Debt, Bankruptcy, Federal Trial Practice

Status: In Good Standing

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101 N Main St, Altus, OK 73521

Renee' Walker Gunkel

Real Estate, Adoption, Federal Appellate Practice, Bankruptcy

Status: In Good Standing

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106 W Broadway, Altus, OK 73522

Reneé Walker Gunkel

Workers' Compensation, Adoption, Federal Appellate Practice, Bankruptcy & Debt

Status: In Good Standing

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106 W Broadway Street, Altus, OK 73522

Rafe Robert Hall

Bankruptcy, Adoption, Lending, Bankruptcy & Debt

Status: In Good Standing

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Duke, OK 73532

Ken M. Darby

Insurance, Bankruptcy & Debt

Status: In Good Standing

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Duke, OK 73532

Corry Kendall

Contract, Credit & Debt, Divorce, Trusts

Status: In Good Standing

CONTACT

122 N Oklahoma Ave, Mangum, OK 73554

800-923-0641

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LEGAL TERMS

LIQUIDATING PARTNER

The member of an insolvent or dissolving partnership responsible for paying the debts and settling the accounts of the partnership.

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.

UNDUE HARDSHIP

The circumstances in which a debtor may discharge a student loan in bankruptcy. For example, a debtor who has no income and little chance of earning enough in t... (more...)

The circumstances in which a debtor may discharge a student loan in bankruptcy. For example, a debtor who has no income and little chance of earning enough in the future to pay off the loan may be able to show that repayment would be an undue hardship.

CREDIT FILE

See credit report.

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.

GUARANTOR

A person who makes a legally binding promise to either pay another person's debt or perform another person's duty if that person defaults or fails to perform. T... (more...)

A person who makes a legally binding promise to either pay another person's debt or perform another person's duty if that person defaults or fails to perform. The guarantor gives a 'guaranty,' which is an assurance that the debt or other obligation will be fulfilled.

NONEXEMPT PROPERTY

The property you risk losing to your creditors when you file a Chapter 7 bankruptcy or when a creditor sues you and wins a judgment. Nonexempt property typicall... (more...)

The property you risk losing to your creditors when you file a Chapter 7 bankruptcy or when a creditor sues you and wins a judgment. Nonexempt property typically includes valuable clothing (furs) and electronic equipment, an expensive car that's been paid off and most of the equity in your house. Compare exempt property.

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.

CURRENT MONTHLY INCOME

As defined by the new bankruptcy law, a bankruptcy filer's total gross income (whether taxable or not), averaged over the six-month period immediately preceding... (more...)

As defined by the new bankruptcy law, a bankruptcy filer's total gross income (whether taxable or not), averaged over the six-month period immediately preceding the bankruptcy filing. The debtor's current monthly income is used to determine whether the debtor can file for Chapter 7 bankruptcy, among other things.

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Martha Bankruptcy & Debt Lawyer, Oklahoma

Sponsored Law Firm

Roland V. Combs III & Associates PLC

SPONSORED LAWYERS

Rana Wycoff Womack

Phillip Lynn Nelson

Brad David Leverett

Renee' Walker Gunkel

Reneé Walker Gunkel

Rafe Robert Hall

Ken M. Darby

Corry Kendall

TIPS

LEGAL TERMS

LIQUIDATING PARTNER

GENERAL PARTNER

UNDUE HARDSHIP

CREDIT FILE

C CORPORATION

GUARANTOR

NONEXEMPT PROPERTY

LIABILITY

CURRENT MONTHLY INCOME

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