Lewisburg Bankruptcy & Debt Lawyer, Kentucky

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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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Alicia Carol Johnson

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

Status: In Good Standing

CONTACT

Russellville, KY 42276

James C Milam

Trusts, Real Estate, Land Use & Zoning, Credit & Debt

Status: In Good Standing

CONTACT

217 Center St, Russellville, KY 42276

Ami L Brooks

Family Law, Criminal, Corporate, Credit & Debt

Status: In Good Standing

CONTACT

157 West Fifth Street, Russellville, KY 42276

Clayton Douglas Adams

General Practice

Status: In Good Standing Licensed: 8 Years

CONTACT

Greenville, KY 42345

John Baird

Real Estate, Bankruptcy, Bankruptcy & Debt, Workers' Compensation

Status: In Good Standing

CONTACT

135 South Main Street, Greenville, KY 42345

Tyler L Gill

General Practice

Status: In Good Standing

CONTACT

5020 Allensville Rd, Allensville, KY 42204

Russell L Croley

Commercial Real Estate, Estate Planning, Bankruptcy

Status: In Good Standing

CONTACT

1601 W Everly Brothers, Central City, KY 42330

Alfred L Miller

General Practice

Status: In Good Standing

CONTACT

428 N 2Nd St, Central City, KY 42330

Karen Elizabeth Miller

Bankruptcy

Status: In Good Standing

CONTACT

428 N 2Nd St, Central City, KY 42330

Mark Todd Clausen

Traffic, Litigation, Constitutional Law, Credit & Debt

Status: In Good Standing Licensed: 26 Years

CONTACT

506 Schott Cir, Bowling Green, KY 42101

800-923-0641

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LEGAL TERMS

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.

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.

PRESUMED ABUSE

In a Chapter 7 bankruptcy, when the debtor's current monthly income exceeds the family median income for his or her state and he or she cannot pass the means te... (more...)

In a Chapter 7 bankruptcy, when the debtor's current monthly income exceeds the family median income for his or her state and he or she cannot pass the means test, the court will presume that the debtor has sufficient income to fund a Chapter 13 plan. In this situation, the debtor will not be allowed to proceed with a Chapter 7 bankruptcy unless the debtor can prove that he or she is not abusing the Chapter 7 bankruptcy remedy.

INFRINGEMENT (OF TRADEMARK)

Unauthorized use of a protected trademark or service mark, or use of something very similar to a protected mark. The success of a lawsuit to stop the infringeme... (more...)

Unauthorized use of a protected trademark or service mark, or use of something very similar to a protected mark. The success of a lawsuit to stop the infringement turns on whether the defendant's use causes a likelihood of confusion in the average consumer. If a court determines that the average consumer would be confused, the owner of the original mark can prevent the other's use of the infringing mark and sometimes collect damages.

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.

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.

CREDITOR

A person or entity (such as a bank) to whom a debt is owed.

UNSECURED DEBT

A debt that is not tied to any item of property. A creditor doesn't have the right to grab property to satisfy the debt if you default. The creditor's only reme... (more...)

A debt that is not tied to any item of property. A creditor doesn't have the right to grab property to satisfy the debt if you default. The creditor's only remedy is to sue you and get a judgment. Compare secured debt.

INTEREST

A commission you pay a bank or other creditor for lending you money or extending you credit. An interest rate represents the annual percentage that is added to ... (more...)

A commission you pay a bank or other creditor for lending you money or extending you credit. An interest rate represents the annual percentage that is added to your balance. This means that if your loan or credit line has an interest rate of 8%, the holder adds 8% to the balance each year. More specifically, interest is calculated and added to your loan or credit line through a process called compounding. If interest is compounded daily, the balance will rise by 1/365th of 8% each day. If interest is compounded monthly, the balance will rise 1/12th of 8% at the start of each month.

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Lewisburg Bankruptcy & Debt Lawyer, Kentucky

Sponsored Law Firm

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

SPONSORED LAWYERS

Alicia Carol Johnson

James C Milam

Ami L Brooks

Clayton Douglas Adams

John Baird

Tyler L Gill

Russell L Croley

Alfred L Miller

Karen Elizabeth Miller

Mark Todd Clausen

TIPS

LEGAL TERMS

BULK SALES LAW

BANKRUPTCY

PRESUMED ABUSE

INFRINGEMENT (OF TRADEMARK)

WORKOUT

WINDING UP

CREDITOR

UNSECURED DEBT

INTEREST

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