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Hugh Massey Ray III

Hugh Massey Ray III

Practice areas:

Chapter 11 Bankruptcy, Bankruptcy & Debt, Ethics & Professional Responsibility

About Me

"AV" Peer-Review Rated by Martindale-Hubbell; named "Texas Super Lawyer" and "Rising Star" by Texas Monthly Magazine; named one of "Houston's Best Lawyers" by H-Texas Magazine. Board Certified, Business Bankruptcy Law, Texas Board of Legal Specialization; Member, College of the State Bar of Texas and "Barrister" of American Inns of Court.

Member of the American Law Institute.


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My Hobbies:


I have compteted in several Houston marathons and one 70.3 Ironman Triathlon, as well as some smaller triathlons.  I spend most of my non-working time with my three young children, who can be as exhausting as any marathon. 


 


For Debtors: 


When first I talk with a client, my goal is to keep them out of bankrutpcy.  Bankruptcy is truly the last option, and one that I do not recommend lightly.  If a client comes to talk to me sooner (when the financial situation is trending downward and when negative cash flow is just beginning), I can offer them more choices for restructuring their business and less expensive alternatives.  Sometimes people delaty visiting with a bankrutpcy lawyer until it is too late.  Do not let irrational fear guide your business decisions.  Use a level head.  Consult a bankruptcy or turnaround lawyer when you are looking for a turnaround.  You will lose little and stand to gain a great deal from a consultation with someone who has made it his life's work to turnaround struggling businesses and save struggling business owners. 


 


For Lenders:


I have represented creditors of all sizes, from massive insititutional lenders to small individual investors.  Generally, as a creditors' counsel, I bring my years of experience to bear in collecting the most money for the least cost.  The aphorism that "one cannot get blood from a turnip" does not require that the prudent creditor simply "write off" bankruptcy debts.  The debtor hopes that you will just go away, but a smart creditor knows his options.  The bankruptcy law provides for extensive scrutiny of the debtor's finances at a moderate cost.  A creditor armed with knowledgable counsel will use the bankruptcy court, the structure of trustees and committess, and the power of effective advocacy to get a useful return.  As the creditor's counsel, my rates are always reasonable, especialy given my expertise.  I charge the same rate for debtor or creditor work - a rate that is substantially lower than that charged by the massive super-firms.   

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Practice Areas

Licensed since 1998

  1. Chapter 11 Bankruptcy: 50%
    18 years, 40 cases
  2. Bankruptcy & Debt: 40%
    18 years, 110 cases
  3. Ethics & Professional Responsibility: 10%
    18 years

Payment

Fees:

Hourly ($575/hour), Retainer (Always)

Payment Types:

Cash, Check, Credit Card

Attorney Endorsements

1 total 

  • Warren E Agin

    I know Hugh Ray through the American Bar Association, and he is one of the most competent, smartest people I know practicing in this area of the law.

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    Warren Agin Chapter 7 Bankruptcy Attorney
    Relationship: Other

Contact Info

McKool Smith, P.C.

600 Travis
Suite 7000
Houston, TX, 77002

McKool Smith, PC

600 Travis, Suite 7000
Houston, TX, 77002

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License

StateStatusAcquiredUpdated
TXEligible To Practice In Texas 199808/25/2015

Professional Misconduct

We have not found any instances of professional misconduct for this lawyer.

Avvo Contributions

Legal Answers

Awards

Award NameGrantorDate Granted
Biographee (2005-present)Marquis Who's Who in American Law2009
AVMartindale-Hubbell2005
Board Certified in Business BankruptcyTexas Board of Legal Specialization2005
Texas Super LawyerTexas Monthly Magazine2004
Houston's Best LawyersH Texas Magazine2004
Rising StarTexas Monthly Magazine2004

Work Experience

TitleCompany NameDuration
PrincipalMcKool Smith, P.C.2009 - Present
ShareholderWeycer, Kaplan, Pulaski & Zuber, P.C.2001 - 2009
AssociateFloyd, Isgur, Rios & Wahrlich, P.C.1998 - 2001

Associations

Association NamePosition NameDuration
Houston Bar AssociationChair of CLE Seminar Committee2008 - Present
American Law InstituteMember2005 - Present
American Inns of CourtBarrister2005 - Present
College of the State Bar of TexasMember2004 - Present
American Bar Association Young Lawyer's Division, Professionalism and Ethics CommitteeChair2001 - 2002
Texas State Bar Association, Disciplinary Rules of Professional Conduct CommitteeMember2000 - 2008
American Bar AssociationMember1998 - Present
American Bar AssociationYoung Lawyer Division Delegate1998 - 2006
Houston Bar AssociationMember1998 - Present
American Bar AssociationMember1998 - Present
State Bar of TexasMember1998 - Present

Legal Cases

Case NameOutcome
Bilstat v. Family Express (In re Bilstat), 314 B.R. 603 (Bankr. S.D. Tex. 2004)Won summary judgment
Cage v. Wyo-Ben, et. al. (In re Ramba, Inc.), 437 F.3d 457 (5th Cir. 2006)Won trial and appeal
Tile Outlet and JPMorgan Chase Bank, N.A. v. Official Committee of Unsecured Creditors, 2006 U.S. Dist. LEXIS 44130 S.D. Tex.Won appeal

See all Legal Cases 

Publications

Publication NameTitleDate
The New LawyerThe 2005 Bankruptcy Amendments: New Traps Emerge for the Casual Practitioner2007
Law Trends and NewsCriminal Law for the Business Practitioner2005
The Young LawyerImpacts of the Bankruptcy Reform Act2005
The Young LawyerElectronic Case Filing — The Future is Finally Here2005
The Young LawyerNegotiating a Westlaw or Lexis Contract2004
The Young lawyerEthics for the Transactional Lawyer2003
The Young LawyerThe Bankruptcy Reform Act of 2003: Good, Bad & Ugly2003

Education

School NameMajorDegreeGraduated
Vanderbilt UniversityN/AM.Div1996
Vanderbilt University Law SchoolLawJD - Juris Doctor1996
Vanderbilt UniversityN/ABA - Bachelor of Arts1992

Speaking Engagements

Conference NameTitleDate
TMA Houston Chapter MeetingDeep Marine - a Case Study2012
Thurgood Marshall School of LawBankruptcy for Non-Bankruptcy Lawyers2012
National Conference of Bankruptcy Judges Annual MeetingCommittee Solicitation Issues – The Problems, the Rules and the Enforcers2009
Collecting Debts and Judgments SeminarBankruptcy, Ethics, Debt Collection - Moderator2008
Bankruptcy for Non-Bankruptcy LawyersBusiness Bankruptcy, Chapter 112008
International Bankruptcy SeminarBAPCPA Changes the Ethical Landscape for Consumer and Business Practitioners”2007
Inns of CourtBankruptcy Mediation Issues2007
Houston Bar Association SeminarWhat Every Business Lawyer Needs to Know about Bankruptcy2007
Houston Bar Association SeminarChanges to the Texas Disciplinary Rules of Professional Conduct”2006
Houston Bar Association SeminarBankruptcy Reform Act for Everyone: Two Perspectives on the Bankruptcy Reform Act2006
ABA YLD Mid_Year ConferenceBasic Transactional Law2006
ABA Young Lawyer Division National Conference10 Things Every Lawyer Needs to Know about Bankruptcy Law2005
ABA Young Lawyer Division National ConferenceTaking the High Ground: Ethical Traps for the Young Lawyer and How to Avoid Them2005
State Bar of Texas Nonprofit SeminarRepresenting Nonprofit Organizations.2004
Houston Young Lawyer Associattion15 Ethics Traps for Young Lawyers2004
Houston Bar Association Bankruptcy Section MeetingBankruptcy Ethics Issues2003
ABA Mid-Year MeetingMoral Bankruptcy - Ethics in the Face of Enron2003
Ethics 2000 and Your PracticeEthics 2000 and Your Practice2002