Fox Island Bankruptcy & Debt Lawyer, Washington, page 2

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Justine Koehle
About | Practice Areas
Leavy Schultz Davis, P.S.
2415 W Falls Ave Kennewick, WA 99336» view map
Bankruptcy & Debt
Serving your legal needs since 1947

Leavy Schultz Davis is one of the Mid-Columbia’s longest standing law firms serving Eastern Washington, Kennewick, Richland, Pasco, and the greater Tri-Cities area.

509-736-1330
1. Justine Koehle Kennewick, WA
  Attorney at Law- WA, 2017
  University of Kansas School of Law, J.D. 2017
2. AboutLeavy Schultz Davis, P.S.
  Serving your legal needs since 1947
3. Practice AreasExpertise
  Bankruptcy & Debt
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2. Email
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David C Gillman

Personal Injury, DUI-DWI, Bankruptcy, Landlord-Tenant, Criminal

Status: In Good Standing Licensed: 24 Years

CONTACT

7512 Stanich, Gig Harbor, WA 98335

Michael M. K. Hemphill

Land Use & Zoning, Construction, Business & Trade, Commercial Bankruptcy

Status: In Good Standing Licensed: 27 Years

CONTACT

7525 Pioneer Way, Gig Harbor, WA 98335

Michael Wayne Johns

Construction, Civil Rights, Business & Trade, Commercial Bankruptcy

Status: In Good Standing Licensed: 32 Years

CONTACT

7525 Pioneer Way, Gig Harbor, WA 98335

Mark Ronald Roberts

Construction, Municipal, Business & Trade, Commercial Bankruptcy

Status: In Good Standing Licensed: 35 Years

CONTACT

7525 Pioneer Way, Gig Harbor, WA 98335

Alessandro Canali

Commercial Real Estate, International Other, Contract, Commercial Bankruptcy

Status: In Good Standing Licensed: 22 Years

CONTACT

7512 Stanich Ln, Gig Harbor, WA 98335

Daniel Garrett Wilmot

Landlord-Tenant, Civil Rights, Contract, Commercial Bankruptcy

Status: In Good Standing Licensed: 21 Years

CONTACT

1919 N Pearl St, Tacoma, WA 98406

Brianne M Kampbell

Estate Planning, Wills & Probate, Business Organization, Commercial Bankruptcy

Status: In Good Standing

CONTACT

2501 N Alder St, Tacoma, WA 98406

John William Ladenburg

Litigation, Insurance, Commercial Bankruptcy, Personal Injury

Status: In Good Standing Licensed: 50 Years

CONTACT

705 S 9Th St, Tacoma, WA 98405

C Edward Adams

Bankruptcy, Family Law, Personal Injury, Criminal

Status: Suspended Licensed: 27 Years

CONTACT

11016 Colvos Dr Nw, Gig Harbor, WA 98332

Naomi S Kim

Immigration, Contract, Commercial Bankruptcy, Personal Injury

Status: In Good Standing Licensed: 22 Years

CONTACT

8811 S Tacoma Way, Tacoma, WA 98499

800-923-0641

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LEGAL TERMS

FAIR LABOR STANDARDS ACT (FLSA)

A federal law that guarantees a worker's right to be paid fairly. The FLSA defines the 40-hour workweek, sets out the federal minimum wage, states requirements ... (more...)

A federal law that guarantees a worker's right to be paid fairly. The FLSA defines the 40-hour workweek, sets out the federal minimum wage, states requirements for overtime and places restrictions on child labor.

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.

IRS EXPENSES

A table of national and regional expense estimates published by the IRS. Debtors whose current monthly income is more than their state's median family income mu... (more...)

A table of national and regional expense estimates published by the IRS. Debtors whose current monthly income is more than their state's median family income must use the IRS expenses to calculate their average net income in a Chapter 7 case, or their disposable income in a Chapter 13 case.

NONEXEMPT PROPERTY

The property you risk losing to your creditors when you file a Chapter 7 bankruptcy or when a creditor sues you and wins a judgment. Nonexempt property typicall... (more...)

The property you risk losing to your creditors when you file a Chapter 7 bankruptcy or when a creditor sues you and wins a judgment. Nonexempt property typically includes valuable clothing (furs) and electronic equipment, an expensive car that's been paid off and most of the equity in your house. Compare exempt property.

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.

MEETING OF CREDITORS

A meeting held with the bankruptcy trustee about a month after you file for bankruptcy. You must attend. The trustee reviews your bankruptcy papers and asks a f... (more...)

A meeting held with the bankruptcy trustee about a month after you file for bankruptcy. You must attend. The trustee reviews your bankruptcy papers and asks a few questions. In a Chapter 7, the meeting of creditors lasts a few minutes and rarely do any creditors show up. In a Chapter 13 bankruptcy, one or two creditors may attend, especially if they disagree with some provision of your repayment plan.

BANKRUPTCY TRUSTEE

A person appointed by the court to oversee the case of a person or business that has filed for bankruptcy. In a consumer Chapter 7 case, the trustee's role is t... (more...)

A person appointed by the court to oversee the case of a person or business that has filed for bankruptcy. In a consumer Chapter 7 case, the trustee's role is to gather the debtor's nonexempt property, liquidate it and distribute it proportionally to her creditors. In a Chapter 13 case, the trustee's role is to receive the debtor's monthly payments and distribute them proportionally to her creditors.

CREDIT INSURANCE

Insurance a lender requires a borrower to purchase to cover the loan. If the borrower dies or becomes disabled before paying off the loan, the policy will pay o... (more...)

Insurance a lender requires a borrower to purchase to cover the loan. If the borrower dies or becomes disabled before paying off the loan, the policy will pay off the remaining balance. Federal and state consumer protection laws require the lender to disclose to existing and potential borrowers the terms and costs of obtaining credit insurance because it can affect the terms of the loan.

SOLE PROPRIETORSHIP

A business owned and managed by one person (or for tax purposes, a husband and wife). For IRS purposes, a sole proprietor and her business are one tax entity, m... (more...)

A business owned and managed by one person (or for tax purposes, a husband and wife). For IRS purposes, a sole proprietor and her business are one tax entity, meaning that business profits are reported and taxed on the owner's personal tax return. Setting up a sole proprietorship is cheap and easy since no legal formation documents need be filed with any governmental agency (although tax registration and other permit and license requirements may still apply). Once you file a fictitious name statement (assuming you don't use your own name) and obtain any required basic tax permits and business licenses, you'll be in business. The main downside of a sole proprietorship is that its owner is personally liable for all business debts.

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Fox Island Bankruptcy & Debt Lawyer, Washington, page 2

Sponsored Law Firm

Leavy Schultz Davis, P.S.

SPONSORED LAWYERS

David C Gillman

Michael M. K. Hemphill

Michael Wayne Johns

Mark Ronald Roberts

Alessandro Canali

Daniel Garrett Wilmot

Brianne M Kampbell

John William Ladenburg

C Edward Adams

Naomi S Kim

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LEGAL TERMS

FAIR LABOR STANDARDS ACT (FLSA)

C CORPORATION

IRS EXPENSES

NONEXEMPT PROPERTY

INTEREST

MEETING OF CREDITORS

BANKRUPTCY TRUSTEE

CREDIT INSURANCE

SOLE PROPRIETORSHIP

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