Southlake 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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Alvin Quincey Malone

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Estate, Divorce & Family Law, Bankruptcy & Debt, Military, Bankruptcy

Al Malone left a career as a tax advisor at one of the largest and most respected companies in the world to establish a firm dedicated to helping comm... (more)

FREE CONSULTATION

CONTACT

817-953-3112

3100 W Southlake Blvd, Southlake, TX 76092

Al Malone

Tax, Bankruptcy

Status:

FREE CONSULTATION

CONTACT

3100 West Southlake Boulevard, Southlake, TX 76092

Sarah Elizabeth Johnston

Aviation, Contract, Business, Bankruptcy

Status: Licensed: 26 Years

CONTACT

550 Reserve St, Southlake, TX 76092

Shawn Kevin Brown

Food & Drug Administration, DUI-DWI, Bankruptcy, Personal Injury

Status: Licensed: 37 Years

CONTACT

Southlake, TX 76092

Matthew Robert Farris

Commercial Real Estate, Wills, Banking & Finance, Credit & Debt

Status: Licensed: 26 Years

CONTACT

Southlake, TX 76092

Rebecca Kultgen Miltenberger

Workers' Compensation, Employee Rights, Employment, Consumer Bankruptcy

Status: Licensed: 42 Years

CONTACT

1360 N White Chapel Blvd, Southlake, TX 76092

Renee Culp Marks

Family Law, Litigation, Commercial Bankruptcy

Status: Licensed: 26 Years

CONTACT

1360 N White Chapel Blvd, Southlake, TX 76092

Gavin Fearey

Civil Rights, Business, Workout

Status: Licensed: 25 Years

CONTACT

950 East Highway 114, Southlake, TX 76092

Gregory P. Standerfer

Litigation, Divorce, Commercial Bankruptcy

Status: Licensed: 40 Years

CONTACT

700 N Carroll Ave, Southlake, TX 76092

Andrew Joseph Wright

Litigation, Lawsuit & Dispute, Intellectual Property, Commercial Bankruptcy

Status:

CONTACT

680 N Carroll Ave, Southlake, TX 76092

800-814-6700

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LEGAL TERMS

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).

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.

FAIR CREDIT REPORTING ACT (FCRA)

A federal law that is designed to prevent inaccurate or obsolete information from entering or remaining in a credit report. The law requires credit bureaus to a... (more...)

A federal law that is designed to prevent inaccurate or obsolete information from entering or remaining in a credit report. The law requires credit bureaus to adopt reasonable procedures for gathering, maintaining and disseminating information and bars credit bureaus from reporting negative information that is older than seven years, except a bankruptcy, which may be reported for ten. If you notify a credit bureau of an error in your credit report, the FCRA requires the bureau to investigate your allegations within 30 days, review all information you provide, remove inaccurate and unverified information and adopt procedures to keep the information from reappearing. In addition, the law requires that creditors refrain from reporting incorrect information to credit bureaus.

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.

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.

CHAPTER 13 PLAN

A document filed in a Chapter 13 bankruptcy in which the debtor shows how all of his or her disposable income will be used over a three- to five-year period to ... (more...)

A document filed in a Chapter 13 bankruptcy in which the debtor shows how all of his or her disposable income will be used over a three- to five-year period to pay all mandatory debts -- for example, back child support, taxes, and mortgage arrearages -- as well as some or all unsecured, nonpriority debts, such as medical and credit card bills.

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.

BANKRUPTCY TRUSTEE

A person appointed by the court to oversee the case of a person or business that has filed for bankruptcy. In a consumer Chapter 7 case, the trustee's role is t... (more...)

A person appointed by the court to oversee the case of a person or business that has filed for bankruptcy. In a consumer Chapter 7 case, the trustee's role is to gather the debtor's nonexempt property, liquidate it and distribute it proportionally to her creditors. In a Chapter 13 case, the trustee's role is to receive the debtor's monthly payments and distribute them proportionally to her creditors.

LIMITED LIABILITY

The maximum amount a business owner can lose if the business is subject to debts, claims or other liabilities. An owner of a limited liability company (LLC) or ... (more...)

The maximum amount a business owner can lose if the business is subject to debts, claims or other liabilities. An owner of a limited liability company (LLC) or a person who invests in a corporation (a shareholder) generally stands to lose only the amount of money invested in the business. This means that if the business folds, creditors cannot seize or sell an owner's home, car, or other personal assets.

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Southlake Bankruptcy & Debt Lawyer, Texas

Sponsored Law Firm

Machi & Associates, P.C.

SPONSORED LAWYERS

Alvin Quincey Malone

Al Malone

Sarah Elizabeth Johnston

Shawn Kevin Brown

Matthew Robert Farris

Rebecca Kultgen Miltenberger

Renee Culp Marks

Gavin Fearey

Gregory P. Standerfer

Andrew Joseph Wright

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LEGAL TERMS

LIEN

BANKRUPTCY

FAIR CREDIT REPORTING ACT (FCRA)

FORBEARANCE

GENERAL PARTNER

CHAPTER 13 PLAN

S CORPORATION

BANKRUPTCY TRUSTEE

LIMITED LIABILITY

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