Hufsmith Bankruptcy & Debt Lawyer, Texas

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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.
2. Frequently Asked Questions
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Andrew Jeb Bolton

Commercial Real Estate, Estate Planning, Family Law, Elder Law, Consumer Bankruptcy

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724 W. Main Street, Tomball, TX 77375

Aaron Deluca

Litigation, Litigation, Personal Injury, Consumer Bankruptcy

Status: Licensed: 30 Years

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21021 Springbrook Plaza Dr, Spring, TX 77379

Adrian Sigel

Credit & Debt, Family Law, Wills, International Other

Status: Licensed: 23 Years

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12 Windfellow Pl, Magnolia, TX 77381

Amanda Bedford Fox

Commercial Bankruptcy, Business & Trade, Litigation

Status: Licensed: 23 Years

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6502 Elmgrove Road, Spring, TX 77389

Axel Arthur Lindholm

Consumer Bankruptcy, Estate Planning, Wills, Education, Gift Taxation

Status: Licensed: 12 Years

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Hufsmith, TX 77377

Donald Michael Stull

Construction, Litigation, Family Law, Credit & Debt

Status: Licensed: 35 Years

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312 High St, Tomball, TX 77375

Douglas Cole Grijalva

Personal Injury, Credit & Debt, Antitrust, Environmental Law Other, Corporate

Status: Licensed: 46 Years

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21 E Wedgemere Cir, Magnolia, TX 77381

Esther Ann Bruner

Credit & Debt, Insurance, Elder Law, Public Finance, Commercial Real Estate

Status: Licensed: 23 Years

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207 Greylake Pl, Magnolia, TX 77354

Fredreck S Hudgens

Personal Injury, Credit & Debt, Insurance, Employee Rights, Arbitration

Status: Licensed: 23 Years

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Hufsmith, TX 77377

Gregory Howard Wiley

Bankruptcy, Credit & Debt, Tax, Consumer Bankruptcy, Credit & Debt

Status: Licensed: 21 Years

CONTACT

14090 Fm 2920 Rd, Hufsmith, TX 77377

800-814-6700

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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.

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.

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.

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.

FRATERNAL BENEFIT SOCIETY BENEFITS

These are benefits, often group life insurance, paid for by fraternal societies to their members. Elks, Masons or Knights of Columbus are common fraternal socie... (more...)

These are benefits, often group life insurance, paid for by fraternal societies to their members. Elks, Masons or Knights of Columbus are common fraternal societies that provide benefits. Also called benefit society, benevolent society or mutual aid association benefits. Under bankruptcy laws, these benefits are virtually always considered exempt property.

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.

CREDIT BUREAU

A private, profit-making company that collects and sells information about a person's credit history. Typical clients include banks, mortgage lenders and credit... (more...)

A private, profit-making company that collects and sells information about a person's credit history. Typical clients include banks, mortgage lenders and credit card companies that use the information to screen applicants for loans and credit cards. There are three major credit bureaus, Equifax, Experian and Trans Union, and they are regulated by the federal Fair Credit Reporting Act.

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.

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Hufsmith Bankruptcy & Debt Lawyer, Texas

Sponsored Law Firm

The Fealy Law Firm, P.C.

SPONSORED LAWYERS

Andrew Jeb Bolton

Aaron Deluca

Adrian Sigel

Amanda Bedford Fox

Axel Arthur Lindholm

Donald Michael Stull

Douglas Cole Grijalva

Esther Ann Bruner

Fredreck S Hudgens

Gregory Howard Wiley

TIPS

LEGAL TERMS

S CORPORATION

WORKOUT

PRIORITY DEBT

C CORPORATION

FRATERNAL BENEFIT SOCIETY BENEFITS

PROCEEDS FOR DAMAGED EXEMPT PROPERTY

CREDIT BUREAU

GRACE PERIOD

HOUSEHOLDER

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