San Antonio Bankruptcy & Debt Lawyer, Texas


Chance M. McGhee Lawyer

Chance M. McGhee

Bankruptcy & Debt, Bankruptcy, Collection, Foreclosure, Credit & Debt

Attorney Chance McGhee is a highly respected bankruptcy attorney in the San Antonio area and beyond. He served as the past Treasurer and is currently ... (more)

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210-342-3400

Ronald J Smeberg Lawyer

Ronald J Smeberg

VERIFIED
Bankruptcy & Debt, Real Estate, Estate, Employment, Business

Ronald Smeberg has extensive trial experience and is well-known for creating innovative legal strategies to resolve complex cases in state and federal... (more)

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800-892-7260

Gennaro G. Du Terroil Lawyer

Gennaro G. Du Terroil

VERIFIED
Family Law, Employee Rights, Employment, Consumer Bankruptcy, Personal Injury

Gennaro Du Terroil is an experience lawyer who has been practicing since 2003. Mr. Terroil has been an active lawyer since 2009 in the State of Texas.... (more)

Rick Flume

Tax, Bankruptcy
Status:  In Good Standing           

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Heidi McLeod

Bankruptcy, Bankruptcy & Debt
Status:  In Good Standing           

FREE CONSULTATION 

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Ralph E. Williamson

Family Law, Eminent Domain, Collection, Wills & Probate
Status:  In Good Standing           

FREE CONSULTATION 

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Terence A. Willis

Banking & Finance, Contract, Bankruptcy, Business Organization
Status:  In Good Standing           

Laura Marion-Faul

Banking & Finance, Corporate, Commercial Banks, Credit & Debt
Status:  In Good Standing           

Neil Stone

Real Estate, Lawsuit & Dispute, Divorce & Family Law, Credit & Debt
Status:  In Good Standing           Licensed:  38 Years

FREE CONSULTATION 

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Jeffrey James Tom

Employee Rights, Insurance, Credit & Debt, Personal Injury
Status:  In Good Standing           Licensed:  15 Years

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LEGAL TERMS

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.

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.

DEFINED CONTRIBUTION PLAN

A type of pension plan that does not guarantee any particular pension amount upon retirement. Instead, the employer pays into the pension fund a certain amount ... (more...)
A type of pension plan that does not guarantee any particular pension amount upon retirement. Instead, the employer pays into the pension fund a certain amount every month, or every year, for each employee. The employer usually pays a fixed percentage of an employee's wages or salary, although sometimes the amount is a fraction of the company's profits, with the size of each employee's pension share depending on the amount of wage or salary. Upon retirement, each employee's pension is determined by how much was contributed to the fund on behalf of that employee over the years, plus whatever earnings that money has accumulated as part of the investments of the entire pension fund.

SECURED DEBT

A debt on which a creditor has a lien. The creditor can institute a foreclosure or repossession to take the property identified by the lien, called the collater... (more...)
A debt on which a creditor has a lien. The creditor can institute a foreclosure or repossession to take the property identified by the lien, called the collateral, to satisfy the debt if you default. Compare unsecured debt.

AUTOMATIC STAY

An injunction automatically issued by the bankruptcy court when a debtor files for bankruptcy. The automatic stay prohibits most creditor collection activities,... (more...)
An injunction automatically issued by the bankruptcy court when a debtor files for bankruptcy. The automatic stay prohibits most creditor collection activities, such as filing or continuing lawsuits, making written requests for payment, or notifying credit reporting bureaus of an unpaid debt.

LIMITED LIABILITY

The maximum amount a business owner can lose if the business is subject to debts, claims or other liabilities. An owner of a limited liability company (LLC) or ... (more...)
The maximum amount a business owner can lose if the business is subject to debts, claims or other liabilities. An owner of a limited liability company (LLC) or a person who invests in a corporation (a shareholder) generally stands to lose only the amount of money invested in the business. This means that if the business folds, creditors cannot seize or sell an owner's home, car, or other personal assets.

ACCORD AND SATISFACTION

An agreement to settle a contract dispute by accepting less than what's due. This procedure is often used by creditors who want to cut their losses by collectin... (more...)
An agreement to settle a contract dispute by accepting less than what's due. This procedure is often used by creditors who want to cut their losses by collecting as much money as they can from debtors who cannot pay the full amount.

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.

DISCHARGEABLE DEBTS

Debts that can be erased by going through bankruptcy. Most debts incurred prior to declaring bankruptcy are dischargeable, including back rent, credit card bill... (more...)
Debts that can be erased by going through bankruptcy. Most debts incurred prior to declaring bankruptcy are dischargeable, including back rent, credit card bills and medical bills. Compare nondischargeable debts.