Archive for 'Fort Worth Bankruptcy Lawyer'

What Protections Do I Have From Debt Collectors?


Debt collectors may not harass or abuse you or any third parties they contact. They cannot threaten with violence or harm.  They are not able to publish your name saying you refuse to pay.  Debt collectors can report to credit agencies.  When speaking to you they cannot use obscene or profane language or use the phone to annoy.

False Statements.

Debt collectors may not lie when they are trying to collect a debt.  They may not claim to be attorneys or government ...

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Introduction to Bankuptcy

Congress has been authorized by the US Constitution to enact laws and govern bankruptcy cases.  Congress enacted the “Bankruptcy Code” that governs all bankruptcy cases.

The procedures of the bankruptcy process are governed by both the Federal and Local rules of each court.    There are 90 bankruptcy districts and the decision-making power has been given to the US Bankruptcy Judge, an officer of the US District Court.  The judge makes the decisions on eligibility as well as who receives a discharge.

The ...

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Wellesley Class Teaches Personal Finance Basics

You can tell a lot about the times we’re in by what college kids choose to study.

In the 1960s, humanities were big. In the 1980s, it was all about high finance. Today at Wellesley College in Massachusetts, kids are looking for something a little more basic. It’s called ECON 223 but you might call it Real Life 101.

Students dissect a real pay stub and learn about everything from gross and net earnings to COBRA, COLAs and co-pays.

“It’s dry, but this ...

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10 Most Common Personal Finance Mistakes

1.  Overpaying for Home Insurance
2.  Putting off Buying Life or Health Insurance
3.  Underestimating Health-Care Costs
4.  Passing Up Tax Breaks
5.  Paying Late Fees
6.  Buying Stocks by Their Brand
7.  Investing Too Conservatively
8.  Paying Retail
9.  Leaving Valuables Uninsured
10. Not Checking Your Credit Score

For details on each mistake see Yahoo Finance.

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How The Poor, The Middle Class, and The Rich Spend Their Money

All groups spend a large chunk of their budget to housing, for example. They also spend about the same percentage of their income on their budgets on clothing and shoes, and on food outside the home.

But poor families spend a much larger percent of their budget on basic necessities such as food at home, utilities and health care. The rich families are able to contribute a larger portion to education, and to saving for retirement.

Examine the graph from the Continue →

Low-paying Jobs Are Here to Stay

Stuck in a job with low pay? Better get used to it.  Some 28% of workers are expected to hold low-wage jobs until 2020, roughly the same percentage as in 2010.

These workers hold low-paying jobs with wages at or below what full-time workers must earn to live above the poverty level with a family of four. In 2011, this was $23,005, or $11.06 an hour.

Four of the five occupations with the highest number of low-salary jobs are predicted to grow ...

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Texas Jobless Rate Hits 7 Percent in June

The Texas unemployment rate rose to 7 percent in June.  This is well below the 8.2 percent national jobless rate.  Texas Workforce Commission figures show that although the state added 12,900 nonfarm positions last month, the jobless rate was up from 6.9 percent in May.

Six of the 11 major industries in Texas gained jobs in June. Construction added 9,600 more positions. Expansion in the “other services” category, which added 4,900 jobs to the payroll.  These include positions in equipment and ...

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New Hope for Jobs

All eyes are on jobs this week, as economists brace for Friday’s June jobs report from the government.

Economists surveyed by CNNMoney expect the monthly report to show the economy added 95,000 jobs in June.

That would be an improvement over the 69,000 jobs added in May, but is still pretty weak and unlikely to make the unemployment rate budge from its current 8.2%.

So far this year, the Labor Department’s reports have shown hiring peaked in the winter and then slowed ...

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Good Debt vs. Bad Debt

It’s almost impossible to live debt-free; most of us can’t pay cash for our homes or our children’s college educations. But too many of us let debt get out of hand.

Ideally, experts say, your total monthly long-term debt payments, including your mortgage and credit cards, should not exceed 36 percent of your gross monthly income. That’s one metric mortgage bankers consider when assessing the creditworthiness of a potential borrower.

It’s far too easy to spend more than you can afford, especially ...

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Victim of Credit Fraud?

Consumer credit sales and home mortgages are some of the most regulated transactions in the American economy. State and federal statutes place certain restrictions on the conduct of mortgage lenders, retailers, debt collection agencies, and credit reporting companies. Nevertheless, we hear so many complaints about fraudulent credit practices you’d think the fair credit laws had never been passed.

If you think that you have been damaged by unlawful or deceptive credit practices by a mortgage company or bank, an auto dealer ...

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Chapter 7 Bankruptcy

Chapter 7 Bankruptcy is a way to wipe out your debt by grouping all your debt together and in one shot creating a fresh start for yourself. Before filing Bankruptcy you should always meet with a qualified attorney, like Ted Machi to consider all your options. With Chapter 7, you can wipe out debt such as credit cards, lawsuits, mortgages, medical bills and more.

When you file Chapter 7 you are not required to make repayments. Your debts are completely wiped ...

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Chapter 13 Bankruptcy

Do you need to save your house and your car, stop the IRS from garnishing your wages and bank accounts?  Chapter 13 can protect you from these creditors while you set up scheduled repayments to get back on your feet. In this type of bankruptcy you have terms that are very favorable to you so that you can make your re-payments and complete your obligations under Chapter 13 bankruptcy.

Ted Machi can help you understand where you may qualify, either ...

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Suits for Wrongful Foreclosure

If there are grounds for alleging that loan documents, notices, or some impropriety in the sale, the borrower may file a “wrongful foreclosure” lawsuit.

If you are facing a potential foreclosure or have received an “Notice of Default and Intent to Accelerate,”  you should act quickly.  It is much easier to stop a foreclosure before it occurs than to get a remedy after the foreclosure is complete.  If the property is sold to a third party there is little chance that ...

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Board Certified in Consumer Bankruptcy Law

What is a Board Certified Attorney*? A Board Certified Attorney* is one who has demonstrated special competence in a particular field in which the Texas Board of Legal Specialization has certified his competence. If you are searching for a bankruptcy lawyer the Dallas/Fort Worth metroplex. Consider Ted Machi and Associates, P.C. in Arlington or Mansfield.

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Fort Worth Bankruptcy Lawyer

A Fort Worth Bankruptcy lawyer provides a fresh start. A Fort Worth Bankruptcy lawyer can help find a way for individuals and business who are overwhelmed by debt to discharge their debts or reorganize their debts and start fresh. Bankruptcy is governed by the federal law found in Title 11 of the United States Code.

Finding a Fort Worth Bankruptcy lawyer is easy; call the bankruptcy attorneys and staff at Ted Machi and Associates, P.C. to evaluate your situation.

We will ...

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