Burley Bankruptcy & Debt Lawyer, Washington, page 2

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Jason Newcombe
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Washington Law Group, PLLC
Proudly Serving The Greater Puget Sound RegionÂ» view map
Bankruptcy & Debt, Chapter 7, Chapter 13
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Bankruptcy is unquestionably one of the most powerful financial tools on the planet. Yet, many people struggle for years before even learning how easy it can be to qualify.

800-699-2370
1. Jason Newcombe Seattle, WA
  Attorney at Law - WA, 1999
  Boston College Law School, J.D. - 1997
2. About UsServing Washington
  Offices in Seattle, Bellevue, Tacoma, Everett, and Olympia
3. ServicesExperienced Attorneys
  We always offer a free initial consultation and case evaluation
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Joan Marie Barry

Commercial Bankruptcy, Commercial Real Estate, Real Estate

Status: Suspended Licensed: 70 Years

CONTACT

11600 Se Black Rd, Olalla, WA 98359

Mindy L Galarneau

Commercial Bankruptcy, Commercial Real Estate, Real Estate

Status: Inactive Licensed: 56 Years

CONTACT

3521 130Th St Nw, Gig Harbor, WA 98332

Matthew Franklyn Wareham

Environmental Law Other, Contract, Bankruptcy, Personal Injury

Status: In Good Standing Licensed: 18 Years

CONTACT

10222 126Th St Nw, Gig Harbor, WA 98329

Mary S Hood

Litigation, Electronic Commerce, Business & Trade, Commercial Bankruptcy

Status: In Good Standing Licensed: 20 Years

CONTACT

10211 123Rd St Nw, Gig Harbor, WA 98329

Gail E Reid

Commercial Bankruptcy, Commercial Real Estate, Real Estate

Status: Inactive Licensed: 34 Years

CONTACT

11021 74Th Ave Nw, Gig Harbor, WA 98332

Ronald G Rossi

Bankruptcy, Business, Entertainment, Science, Technology & Internet, Securities

Status: In Good Standing

CONTACT

11400 Olympus Way, Gig Harbor, WA 98332

Theresa Elizabeth Tilton

Estate Planning, Civil Rights, Business & Trade, Commercial Bankruptcy

Status: Inactive Licensed: 42 Years

CONTACT

6768 Bethel Rd Se, Port Orchard, WA 98367

Marilyn Addone

Commercial Bankruptcy, Commercial Real Estate, International Tax, Municipal

Status: Inactive Licensed: 58 Years

CONTACT

13201 Point Richmond Beach Rd Nw, Gig Harbor, WA 98332

Kira Meshawn Rubel

Litigation, Estate Planning, Contract, Consumer Bankruptcy

Status: In Good Standing Licensed: 17 Years

CONTACT

8811 N Harborview Dr, Gig Harbor, WA 98332

Judith A Atkins

Commercial Bankruptcy, Commercial Real Estate, Real Estate

Status: Suspended Licensed: 73 Years

CONTACT

3526 Harborview Dr, Gig Harbor, WA 98332

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.

DISPOSABLE INCOME

The difference between a debtor's current monthly income and allowable expenses. This is the amount that the new bankruptcy law deems available to pay into a Ch... (more...)

The difference between a debtor's current monthly income and allowable expenses. This is the amount that the new bankruptcy law deems available to pay into a Chapter 13 plan.

REDEMPTION

In Chapter 7 bankruptcy, when the debtor obtains legal title to collateral for a debt by paying the creditor the replacement value of the collateral in a lump s... (more...)

In Chapter 7 bankruptcy, when the debtor obtains legal title to collateral for a debt by paying the creditor the replacement value of the collateral in a lump sum. For example, a debtor may redeem a car note by paying the lender the amount a retail vendor would charge for the car, considering its age and condition.

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.

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.

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.

FORBEARANCE

Voluntarily refraining from doing something, such as asserting a legal right. For example, a creditor may forbear on its right to collect a debt by temporarily ... (more...)

Voluntarily refraining from doing something, such as asserting a legal right. For example, a creditor may forbear on its right to collect a debt by temporarily postponing or reducing the borrower's payments.

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.

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.

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Burley Bankruptcy & Debt Lawyer, Washington, page 2

Sponsored Law Firm

Washington Law Group, PLLC

SPONSORED LAWYERS

Joan Marie Barry

Mindy L Galarneau

Matthew Franklyn Wareham

Mary S Hood

Gail E Reid

Ronald G Rossi

Theresa Elizabeth Tilton

Marilyn Addone

Kira Meshawn Rubel

Judith A Atkins

TIPS

LEGAL TERMS

BULK SALES LAW

DISPOSABLE INCOME

REDEMPTION

PRIORITY DEBT

LIMITED LIABILITY

AUTOMATIC STAY

FORBEARANCE

WORKOUT

UNSECURED DEBT

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