Houston Bankruptcy & Debt Lawyer, Texas, page 3

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Vicky Fealy
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The Fealy Law Firm, P.C.
1235 North Loop West Suite 1005 Houston, TX 77008 » view map
Bankruptcy, Judgments, & Foreclosures
Houtson Bankruptcy Lawyers

Helping clients take control of their finances, for more that years. Board Certified in Consumer Bankruptcy by the Texas Board of Legal Specialization.

800-810-9591
1. Vicky Fealy Houston, TX
  Attorney At Law - Texas, 1991
  University of Houston Law Center, J.D.
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  Bankruptcy Frequently Asked Questions
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Jennifer Casey

Bankruptcy & Debt, Bankruptcy

Status: In Good Standing

FREE CONSULTATION

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9595 Six Pines Drive, Spring, TX 77380

Jameson Joseph Watts

Litigation, Elder Law, Credit & Debt, Bankruptcy

Status: In Good Standing

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26418 Oak Ridge Drive, Spring, TX 77380

Charles S. Anderson

Divorce & Family Law, DUI-DWI, Criminal, Bankruptcy

Status: In Good Standing Licensed: 12 Years

FREE CONSULTATION

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723 Main St, Houston, TX 77002

Ryan J. Dove

Consumer Rights, Credit & Debt, Consumer Bankruptcy, Bankruptcy

Status: In Good Standing Licensed: 16 Years

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1111 North Loop W, Houston, TX 77008

Paul J. McConnell

Real Estate, Lending, Foreclosure, Bankruptcy & Debt, Insurance Malpractice

Status: In Good Standing Licensed: 51 Years

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1177 West Loop S, Houston, TX 77027

Michael A. Moriarty

Estate Planning, Bankruptcy, Personal Injury, Criminal, Employment

Status: In Good Standing Licensed: 57 Years

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404 Heights Blvd, Houston, TX 77007

D. Brent Wells

Dispute Resolution, Corporate, Business Organization, Bankruptcy

Status: In Good Standing Licensed: 44 Years

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440 Louisiana St, Houston, TX 77002

Cynthia Bodendieck Chapman

Litigation, Environmental Law Other, Consumer Bankruptcy, Personal Injury

Status: In Good Standing

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628 E 9Th St, Houston, TX 77007

Michael A. Caddell

Civil Rights, Personal Injury, Environmental Law, Consumer Bankruptcy, Business

Status: In Good Standing

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628 E 9Th Street, Houston, TX 77007

Michael Lewis Holland

Adoption, Corporate, Business Organization, Bankruptcy

Status: In Good Standing Licensed: 35 Years

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2211 Norfolk St, Houston, TX 77098

800-923-0641

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LEGAL TERMS

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.

PROCEEDS FOR DAMAGED EXEMPT PROPERTY

In a bankruptcy proceeding, money collected through insurance, arbitration, mediation, settlement or a lawsuit to pay for exempt property that's no longer exemp... (more...)

In a bankruptcy proceeding, money collected through insurance, arbitration, mediation, settlement or a lawsuit to pay for exempt property that's no longer exemptible because it has been damaged or destroyed.

LIQUIDATING PARTNER

The member of an insolvent or dissolving partnership responsible for paying the debts and settling the accounts of the partnership.

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.

SECRET WARRANTY PROGRAM

A program under which a car manufacturer will make repairs for free on vehicles with persistent problems, even after the warranty has expired, in order to avoid... (more...)

A program under which a car manufacturer will make repairs for free on vehicles with persistent problems, even after the warranty has expired, in order to avoid a recall and the accompanying bad press. Secret warranties are rarely advertised by the manufacturer, so consumers must pursue the manufacturer to discover and take advantage of them. A few states require manufacturers to notify car buyers when they adopt secret warranty programs.

BULK SALES LAW

A law that regulates the transfer of business assets so that business owners cannot dispose of assets in order to avoid creditors. If a business owner wants to ... (more...)

A law that regulates the transfer of business assets so that business owners cannot dispose of assets in order to avoid creditors. If a business owner wants to conduct a bulk sale of business assets -- that is, get rid of an unusually large amount of inventory, merchandise or equipment -- the business owner must typically publish a notice of the sale and give written notice to creditors. Then, the owner must set up an account to hold the funds from the sale for a brief period of time during which creditors may make claims against the money. The prohibition against bulk sales is spelled out in the Uniform Commercial Code -- and laws modeled on the UCC have been generally adopted throughout the country.

NUISANCE FEES

Money charged by some credit card companies to increase their profits when you fail to use the card the way the creditor wants. Examples include late payment fe... (more...)

Money charged by some credit card companies to increase their profits when you fail to use the card the way the creditor wants. Examples include late payment fees, inactivity fees and fees for not carrying a balance from month to month. It's best to shop around and get rid of cards that have these fees attached.

LIABILITY

(1) The state of being liable--that is, legally responsible for an act or omission. Example:Peri hires Paul to fix a broken pipe in her bathroom, but the new pi... (more...)

(1) The state of being liable--that is, legally responsible for an act or omission. Example:Peri hires Paul to fix a broken pipe in her bathroom, but the new pipe bursts the day after Paul installs it, ruining the bathroom floor. This raises the issue of liability: Who is responsible for the damage? Peri claims that Paul is responsible, and sues him for the cost of hiring another plumber to fix the pipe and replacing the floor. Paul, in turn, claims that the pipe manufacturer is responsible, because they supplied him with faulty materials. Both Peri and Paul must prove their claims in court; if Paul and/or the manufacturer is found liable, one or both will have to pay damages to Peri. (2) Something for which a person is liable. For example, a debt is often called a liability.

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Houston Bankruptcy & Debt Lawyer, Texas, page 3

Sponsored Law Firm

The Fealy Law Firm, P.C.

SPONSORED LAWYERS

Jennifer Casey

Jameson Joseph Watts

Charles S. Anderson

Ryan J. Dove

Paul J. McConnell

Michael A. Moriarty

D. Brent Wells

Cynthia Bodendieck Chapman

Michael A. Caddell

Michael Lewis Holland

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LEGAL TERMS

S CORPORATION

PROCEEDS FOR DAMAGED EXEMPT PROPERTY

LIQUIDATING PARTNER

NONEXEMPT PROPERTY

NONPROFIT CORPORATION

SECRET WARRANTY PROGRAM

BULK SALES LAW

NUISANCE FEES

LIABILITY

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