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The Latest Bankruptcy Law News
If you are interested, you can browse the bankruptcy code.- Tarrant County Top Attorney
- Ted Machi is once again named a top attorney in Tarrant County by Fort Worth, Texas: The City’s Magazine. Lexis-Nexis noted Ted Machi’s 35th anniversary as an Attorney. Martindale-Hubble recognized the Arlington Attorney for his 5th consecutive year of having a “Very High Peer Review Rating in Legal Ability & Ethical Standards.”
- Car Repossession?
- Was your car repossessed today? Machi & Associates, PC may be able to get your car back within 24 hours.
Very often clients have waited as long as they can to file bankruptcy. They really want to do all they can to pay their debts. But times get tough, and good people have a hard time paying those debts. Then all of a sudden their car is gone – repossessed. How will they get to work? How will they get ... - Hostess Losing Creamy Filling
- The snack food company Hostess Brands filed for Chapter 11 on January 10, 2012, about seven and a half years since its previous bankruptcy claim in September of 2004. Last Wednesday, Hostess said it would be reforming into a more competitive company. While Hostess lists about $860 million in debt the company still has enough money to keep stores stocked with their products. Additionally, Hostess didn’t announce any job cuts, but Hostess spokesman Lance Ignon said the company will decide ...
- 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 ... - 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 ... - 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 ... - The Reason Bankruptcy Filings Have Decreased From Last Year
- There has been a decrease from last year in bankruptcy filings due to new changes between banks and consumers. Banks have started tightening credit, and mortgage lenders have stopped foreclosures due to challenges in their internal processes. Some debtors will have already filed for chapter 7 bankruptcy in the past two years, or need to wait eight years from filing their last chapter 7 bankruptcy.
- Lockheed Martin: 3,300 Jobs and Counting
- One of the Pentagon’s top defense suppliers, Lockheed Martin, recently announced a voluntary layoff program for 6,500 employees its Bethesda, Md. headquarters and business services unit. That announcement comes on top of 1,500 layoffs in the company’s aeronautics division, 1,200 layoffs in its space systems unit and 600 voluntary buyouts of senior executives earlier this year.
- If a Loved One Passes Away
- If a loved has passes away with debt their debt dies with them. Unless members of the deceased family co-signed with the loan, they are usually not legally obligated to pay. This doesn’t stop debt collectors from harassing families to pay the debt. The number of debt collectors using this deplorable tactic has grown in recent years. They work on the behalf of financial giants such as; Bank of America, Capitol One, and others. Targeting families when they are at ...
- Harrisburg City Council’s Appeal on Bankruptcy decision
- Federal bankruptcy judge, Mary France, made a ruling last month that Harrisburg, Pennsylvania may not seek bankruptcy protection. Harrisburg is burdened with about $300 million in debts related to the city’s old trash incinerator. After the machine was hindered with environmental problems and fines for numerous years the Environmental Protection Agency shut down the incinerator. Harrisburg’s City Council attorney filed an appeal with the U.S. District Court for the Middle District of Pennsylvania on Saturday about Judge France’s decision to ...
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