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Colleen  McClure Lawyer

Colleen McClure

VERIFIED
Juvenile Law, Estate Planning, Bankruptcy, Construction, Personal Injury

I am a Christian Attorney diligently working to take care of my client's cases that have been entrusted to me. At my office the client always comes ... (more)

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800-796-8960

Morley Chenail Diment Lawyer

Morley Chenail Diment

VERIFIED
Bankruptcy & Debt, Credit & Debt, Tax

Specializing in navigating the complex legal issues present in consumer and corporate asset & debt cases. Our firm assists clients both statewide and ... (more)

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832-400-2180

Brett Michael Hill Lawyer

Brett Michael Hill

VERIFIED
Accident & Injury, Personal Injury, Business & Trade, Consumer Bankruptcy

Brett Hill is an attorney based in Houston, Texas representing clients in a variety of cases. While dedicating himself to the academic rigors required... (more)

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512-842-6593

Vicky M. Fealy Lawyer

Vicky M. Fealy

VERIFIED
Bankruptcy & Debt, Bankruptcy, Credit & Debt, Consumer Bankruptcy, Reorganization

Houston bankruptcy attorney Vicky Fealy, is board certified in Consumer Bankruptcy Law by the Texas Board of Legal Specialization. She has for more th... (more)

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800-889-6371

Marc J. Magids Lawyer

Marc J. Magids

VERIFIED
Bankruptcy & Debt, Estate, Business

Marc J. Magids is Of Counsel with De Lange Hudspeth. For more than 30 years Marc was associated with Zukowski, Bresenhan & Piazza LLP. Marc is a proud... (more)

Eric Stephen Southward Lawyer

Eric Stephen Southward

VERIFIED
Bankruptcy & Debt, Credit & Debt, Collection

I am a member of the State Bar of Indiana and admitted to practice in the Southern District of Texas, Northern District of Illinois, and the Northern ... (more)

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713-974-8099

Nhan Huynh Nguyen Lawyer

Nhan Huynh Nguyen

Accident & Injury, Elder Law, Banking & Finance, Credit & Debt

Nhan Nguyen, MD, JD, MSF has been serving injured clients for over 13 years. With extensive knowledge of both law, medicine and business finance, lead... (more)

Jeffrey N. Todd Lawyer

Jeffrey N. Todd

VERIFIED
Natural Resources, Medical Malpractice, Insurance, Government, Consumer Bankruptcy
Admitted to practice in Texas, New York, New Jersey and Georgia. Committed to truth and justice.

Jeff Todd has a broad range of legal experience and has practiced law in numerous jurisdictions and settings. Upon graduating from law school, he prac... (more)

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800-736-0920

Jeffrey N. Todd Lawyer

Jeffrey N. Todd

VERIFIED
Natural Resources, Medical Malpractice, Insurance, Government, Consumer Bankruptcy
Admitted to practice in Texas, New York, New Jersey and Georgia. Committed to truth and justice.

Jeff Todd has a broad range of legal experience and has practiced law in numerous jurisdictions and settings. Upon graduating from law school, he prac... (more)

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832-243-4953

Misty A. Segura

Construction, Estate Planning, Corporate, Bankruptcy
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LEGAL TERMS

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.

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.

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.

PREFERENCE

A payment made by a debtor to a creditor within a defined period prior to filing for bankruptcy -- within three months for arms-length creditors (regular commer... (more...)
A payment made by a debtor to a creditor within a defined period prior to filing for bankruptcy -- within three months for arms-length creditors (regular commercial creditors) and within one year for insider creditors (friends, family members, and business associates). Because a preference gives the creditor who received the payment an edge over other creditors in the bankruptcy case, the trustee can recover the preference (the amount of the payment) and distribute it among all of the creditors.

PRIORITY DEBT

A type of debt that is paid first if there are distributions made from the bankruptcy estate in a Chapter 7 bankruptcy, and must be paid in full in a Chapter 13... (more...)
A type of debt that is paid first if there are distributions made from the bankruptcy estate in a Chapter 7 bankruptcy, and must be paid in full in a Chapter 13 bankruptcy. Priority debts include alimony and child support, fees owed to the trustee and the attorney in the bankruptcy case, and wages owed to employees.

GENERAL PARTNER

A person who joins with at least one other to own and operate a business for profit -- and who (unlike a corporation's owners), is personally liable for all the... (more...)
A person who joins with at least one other to own and operate a business for profit -- and who (unlike a corporation's owners), is personally liable for all the business's debts and obligations. A general partner's actions can legally bind the entire business. See also partnership, limited partnership.

GRACE PERIOD

A period of time during which you are not required to make payments on a debt. For example, most credit cards give you a grace period of 20-30 days before you h... (more...)
A period of time during which you are not required to make payments on a debt. For example, most credit cards give you a grace period of 20-30 days before you have to pay interest on the amount of your purchases. Cash advances, however, usually have no grace period; interest begins to accumulate from the date of the withdrawal, even if you pay your bills on time. Also, some student loans give you a grace period after graduating or dropping out of school. During this time, you are not required to make payments on your loan.

HOUSEHOLDER

A person who supports and maintains a household, with or without other people. In bankruptcy law, a householder, housekeeper or head of household can claim a ho... (more...)
A person who supports and maintains a household, with or without other people. In bankruptcy law, a householder, housekeeper or head of household can claim a homestead exemption and possibly other exemptions relating to the maintenance of the household.

ADMINISTRATIVE EXPENSES

The trustee's fee, the debtor's attorney fees, and other costs of bringing a bankruptcy case that a debtor must pay in full in a Chapter 13 repayment plan. Admi... (more...)
The trustee's fee, the debtor's attorney fees, and other costs of bringing a bankruptcy case that a debtor must pay in full in a Chapter 13 repayment plan. Administrative costs are typically 10% of the debtor's total payments under the plan.