Cleburne Bankruptcy & Debt Lawyer, Texas

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Ted Machi
About | Practice Areas
Machi & Associates, P.C.
1521 North Cooper Street Suite 550 Arlington, TX 76011» view map
Accident & Injury, Bankruptcy, Social Secuirty
We Fight So You Don't Have To

Our professional team of attorneys and staff provide the experience and expertise needed to effectively handle your case.

800-804-0771
1. Ted Machi Arlington, TX
  Attorney at Law- TX
  Marquette University Law School, JD 1976
2. AboutMachi & Associates, P.C.
  We Fight So You Don't Have To
3. Practice AreasExpertise
  Accident & Injury Law
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Johnna Bonds Mcarthur

Consumer Bankruptcy, Criminal, Family Law, Wills, Juvenile Law

Status: Licensed: 21 Years

CONTACT

1632 W Henderson St, Cleburne, TX 76033

Ryan Lee Huffman

Personal Injury, Credit & Debt, Juvenile Law, Family Law, Wills

Status:

CONTACT

204 S Buffalo St, Cleburne, TX 76033

Lane Eyer Rugeley

Personal Injury, Credit & Debt, Family Law, State Appellate Practice, Oil & Gas

Status: Licensed: 38 Years

CONTACT

16 N Caddo St, Cleburne, TX 76031

Burt Edward Powell

Bankruptcy, Elder Law, Estate, Wills, Estate Planning

Status: Licensed: 41 Years

CONTACT

7 E Henderson St, Cleburne, TX 76031

Tesa Lashawn Jackson

Family Law, Criminal, Credit & Debt, Personal Injury

Status: Licensed: 23 Years

CONTACT

624 North Main Street, Cleburne, TX 76033

W. Burton Baker

Personal Injury, Consumer Bankruptcy, Wills, Litigation, Commercial Real Estate

Status: Licensed: 44 Years

CONTACT

Cleburne, TX 76033

F. Steven Mcclure

Personal Injury, Credit & Debt, Administrative Law, Elder Law, Juvenile Law

Status: Licensed: 41 Years

CONTACT

204 S Buffalo Ave, Cleburne, TX 76033

Tiffany Jean Huffman Van Slyke

Personal Injury, Consumer Bankruptcy, Business & Trade, Family Law

Status: Licensed: 19 Years

CONTACT

204 S Buffalo St, Cleburne, TX 76033

Jon P. Hammond

Personal Injury, Credit & Debt, Elder Law, Family Law, Oil & Gas

Status: Licensed: 54 Years

CONTACT

5 East Henderson St, Cleburne, TX 76031

Daren Richard Van Slyke

Personal Injury, Credit & Debt, Juvenile Law, Family Law, Oil & Gas

Status: Licensed: 17 Years

CONTACT

108 E Chambers Dr, Cleburne, TX 76031

800-814-6700

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LEGAL TERMS

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.

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.

401(K) PLAN

A deferred compensation savings program in which employees invest part of their wages, sometimes along with employer contributions, to save on taxes. No income ... (more...)

A deferred compensation savings program in which employees invest part of their wages, sometimes along with employer contributions, to save on taxes. No income taxes on the amount invested and any earnings are due until the employee withdraws money from the fund.

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.

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.

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.

GRACE PERIOD

A period of time during which you are not required to make payments on a debt. For example, most credit cards give you a grace period of 20-30 days before you h... (more...)

A period of time during which you are not required to make payments on a debt. For example, most credit cards give you a grace period of 20-30 days before you have to pay interest on the amount of your purchases. Cash advances, however, usually have no grace period; interest begins to accumulate from the date of the withdrawal, even if you pay your bills on time. Also, some student loans give you a grace period after graduating or dropping out of school. During this time, you are not required to make payments on your loan.

FORBEARANCE

Voluntarily refraining from doing something, such as asserting a legal right. For example, a creditor may forbear on its right to collect a debt by temporarily ... (more...)

Voluntarily refraining from doing something, such as asserting a legal right. For example, a creditor may forbear on its right to collect a debt by temporarily postponing or reducing the borrower's payments.

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.

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Cleburne Bankruptcy & Debt Lawyer, Texas

Sponsored Law Firm

Machi & Associates, P.C.

SPONSORED LAWYERS

Johnna Bonds Mcarthur

Ryan Lee Huffman

Lane Eyer Rugeley

Burt Edward Powell

Tesa Lashawn Jackson

W. Burton Baker

F. Steven Mcclure

Tiffany Jean Huffman Van Slyke

Jon P. Hammond

Daren Richard Van Slyke

TIPS

LEGAL TERMS

SOLE PROPRIETORSHIP

NONEXEMPT PROPERTY

401(K) PLAN

GUARANTEED RESERVATION

NONDISCHARGEABLE DEBTS

GUARANTOR

GRACE PERIOD

FORBEARANCE

FAIR DEBT COLLECTIONS & PRACTICES ACT (FDCPA)

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