Hazel Bankruptcy & Debt Lawyer, Kentucky, page 2

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Douglas Howard
About | Practice Areas
Howard Law Group, P.L.L.C.
213 Saint Clair St Ste 101 Frankfort, KY 40601» view map
Bankruptcy & Debt
Where Dedication Meets Experience

At Howard Law Group, PLLC, our Frankfort lawyer has devoted his entire practice to helping clients understand their rights and helping clients make empowered legal decisions.

800-716-8131
1. Douglas Howard Frankfort, KY
  Attorney at Law - KY, 1998
  Columbus School of Law J.D. 1998
2. AboutHoward Law Group, P.L.L.C.
  Detailed Preparation & Simple Solutions
3. Practice AreasExpertise
  Bankruptcy & Debt
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Richard W Jones

Government, Banking & Finance, Business, Bankruptcy & Debt

Status: In Good Standing

CONTACT

414 Main Street, Murray, KY 42071

Stephen Deems Vidmer

Bankruptcy, Estate, Divorce & Family Law, Criminal

Status: In Good Standing

CONTACT

309A N 4Th St, Murray, KY 42071

Jesse Edward Wright

Mediation, Litigation, Family Law, Bankruptcy & Debt

Status: In Good Standing

CONTACT

Mayfield, KY 42066

David Lee Hargrove

Commercial Real Estate, Litigation, Immigration, Insurance, Collection

Status: In Good Standing

CONTACT

310 South Sixth Street, Mayfield, KY 42066

Charles S Foster

Estate Planning, Corporate, Bankruptcy, Civil Rights

Status: In Good Standing

CONTACT

310 S 6Th St, Mayfield, KY 42066

Martin W Johnson

General Practice

Status: In Good Standing

CONTACT

1114 Main St, Benton, KY 42025

Dianna Riddick

Divorce & Family Law, Credit & Debt, Family Law

Status: In Good Standing

CONTACT

4689 Eggners Ferry Rd, Benton, KY 42025

Jeffrey G. Edwards

Accident & Injury, Bankruptcy & Debt, Criminal, Divorce & Family Law, Business

Status: In Good Standing

CONTACT

909 Main St., Benton, KY 42025

Rickie A Johnson

Dispute Resolution, State Appellate Practice, Insurance, Bankruptcy

Status: In Good Standing

CONTACT

12314 State Route 131, Symsonia, KY 42082

Geneva F. Parris

General Practice

Status: In Good Standing Licensed: 48 Years

CONTACT

Cadiz, KY 42211

800-923-0641

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LEGAL TERMS

WORKOUT

A debtor's plan to take care of a debt, by paying it off or through loan forgiveness. Workouts are often created to avoid bankruptcy or foreclosure proceedings.

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.

DOING BUSINESS AS (DBA)

A situation in which a business owner operates a company under a name different from his or her real name. The owner must file a 'fictitious name statement' or ... (more...)

A situation in which a business owner operates a company under a name different from his or her real name. The owner must file a 'fictitious name statement' or similar document with the appropriate agency -- for example, the county clerk. This enables consumers to discover the names of the business owners, which is important if a consumer needs to sue the business.

TRADE NAME

The official name of a business, the one it uses on its letterhead and bank account when not dealing with consumers.

WINDING UP

The process of paying off expenses and creditors, settling accounts, and collecting and distributing (to shareholders and owners) whatever assets then remain, a... (more...)

The process of paying off expenses and creditors, settling accounts, and collecting and distributing (to shareholders and owners) whatever assets then remain, all with the ultimate goal of liquidating or closing down a corporation or partnership.

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.

TRUTH IN LENDING ACT (TILA)

A federal law that requires credit and charge card companies to disclose interest rates and other information about an account. It also requires lenders to disc... (more...)

A federal law that requires credit and charge card companies to disclose interest rates and other information about an account. It also requires lenders to disclose the terms of a loan, including the total amount of the loan, the annual interest rate and the number, amount and due dates of all payments necessary to repay the loan. The TILA requires additional disclosures and places many restrictions on mortgages.

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.

NONPROFIT CORPORATION

A legal structure authorized by state law allowing people to come together to either benefit members of an organization (a club, or mutual benefit society) or f... (more...)

A legal structure authorized by state law allowing people to come together to either benefit members of an organization (a club, or mutual benefit society) or for some public purpose (such as a hospital, environmental organization or literary society). Nonprofit corporations, despite the name, can make a profit, but the business cannot be designed primarily for profit-making purposes, and the profits must be used for the benefit of the organization or purpose the corporation was created to help. When a nonprofit corporation dissolves, any remaining assets must be distributed to another nonprofit, not to board members. As with for-profit corporations, directors of nonprofit corporations are normally shielded from personal liability for the organization's debts. Some nonprofit corporations qualify for a federal tax exemption under _ 501(c)(3) of the Internal Revenue Code, with the result that contributions to the nonprofit are tax deductible by their donors.

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Hazel Bankruptcy & Debt Lawyer, Kentucky, page 2

Sponsored Law Firm

Howard Law Group, P.L.L.C.

SPONSORED LAWYERS

Richard W Jones

Stephen Deems Vidmer

Jesse Edward Wright

David Lee Hargrove

Charles S Foster

Martin W Johnson

Dianna Riddick

Jeffrey G. Edwards

Rickie A Johnson

Geneva F. Parris

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LEGAL TERMS

WORKOUT

SOLE PROPRIETORSHIP

DOING BUSINESS AS (DBA)

TRADE NAME

WINDING UP

C CORPORATION

TRUTH IN LENDING ACT (TILA)

NONEXEMPT PROPERTY

NONPROFIT CORPORATION

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