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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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Zachary Allen Privott

Oil & Gas, Adoption, Bankruptcy & Debt, Bankruptcy

Status: In Good Standing

CONTACT

808 Manvel Ave, Chandler, OK 74834

Sheila Gatlin Kirk

Adoption, Bankruptcy & Debt, Bankruptcy, Family Law

Status: In Good Standing

CONTACT

811 Manvel St, Chandler, OK 74834

Joseph Alan Dobry

Estate, Divorce, Criminal, Bankruptcy & Debt

Status: In Good Standing

CONTACT

Chandler, OK 74834

John Gabriel Abbamondi

Bankruptcy & Debt, Estate Planning

Status: In Good Standing

CONTACT

13356 Fairway Dr, Choctaw, OK 73020

John Thomas Coyne

Elder Law, Adoption, Consumer Bankruptcy, Litigation

Status: In Good Standing

CONTACT

14900 Se 51St St, Choctaw, OK 73020

Douglas M Gierhart

Bankruptcy & Debt, Divorce & Family Law, Estate

Status: In Good Standing

CONTACT

2060 N. Harper Street, Choctaw, OK 73020

Robert D. Craig

Bankruptcy & Debt

Status: In Good Standing

CONTACT

Luther, OK 73054

Don Stephen Strong

Adoption, Elder Law, Business, Bankruptcy & Debt

Status: In Good Standing

CONTACT

7701 120Th Ave Ne, Norman, OK 73026

Elizabeth A. Morehead

Real Estate, Lending, Bankruptcy, Guardianships & Conservatorships

Status: In Good Standing

CONTACT

11100 Melody Ln, Norman, OK 73026

Hopson Ned Burleson

Oil & Gas, Workers' Compensation, Adoption, Bankruptcy & Debt

Status: In Good Standing

CONTACT

Prague, OK 74864

800-923-0641

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LEGAL TERMS

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.

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.

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.

SECURED DEBT

A debt on which a creditor has a lien. The creditor can institute a foreclosure or repossession to take the property identified by the lien, called the collater... (more...)

A debt on which a creditor has a lien. The creditor can institute a foreclosure or repossession to take the property identified by the lien, called the collateral, to satisfy the debt if you default. Compare unsecured debt.

LIEN

The right of a secured creditor to grab a specific item of property if you don't pay a debt. Liens you agree to are called security interests, and include mortg... (more...)

The right of a secured creditor to grab a specific item of property if you don't pay a debt. Liens you agree to are called security interests, and include mortgages, home equity loans, car loans and personal loans for which you pledge property to guarantee repayment. Liens created without your consent are called nonconsensual liens, and include judgment liens (liens filed by a creditor who has sued you and obtained a judgment), tax liens and mechanics liens (liens filed by a contractor who worked on your house but wasn't paid).

IRS EXPENSES

A table of national and regional expense estimates published by the IRS. Debtors whose current monthly income is more than their state's median family income mu... (more...)

A table of national and regional expense estimates published by the IRS. Debtors whose current monthly income is more than their state's median family income must use the IRS expenses to calculate their average net income in a Chapter 7 case, or their disposable income in a Chapter 13 case.

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.

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.

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.

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Meeker Bankruptcy & Debt Lawyer, Oklahoma

Sponsored Law Firm

Roland V. Combs III & Associates PLC

SPONSORED LAWYERS

Zachary Allen Privott

Sheila Gatlin Kirk

Joseph Alan Dobry

John Gabriel Abbamondi

John Thomas Coyne

Douglas M Gierhart

Robert D. Craig

Don Stephen Strong

Elizabeth A. Morehead

Hopson Ned Burleson

TIPS

LEGAL TERMS

GUARANTEED RESERVATION

S CORPORATION

CURRENT MONTHLY INCOME

SECURED DEBT

LIEN

IRS EXPENSES

PROCEEDS FOR DAMAGED EXEMPT PROPERTY

C CORPORATION

REAFFIRMATION

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