Heisson Bankruptcy & Debt Lawyer, Washington, page 3

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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
1. Contact
2. Email
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7. Profile

John A Cochran

Land Use & Zoning, Foreclosure, Banking & Finance, Consumer Bankruptcy

Status: In Good Standing Licensed: 23 Years

CONTACT

1637 N Falcon Dr, Ridgefield, WA 98642

Kelly D. Sutherland

Commercial Real Estate, Banking & Finance, Collection, Bankruptcy

Status: In Good Standing Licensed: 37 Years

CONTACT

1499 Se Tech Center Pl, Vancouver, WA 98683

James Craft

Landlord-Tenant, Civil Rights, Administrative Law, Collection

Status: In Good Standing Licensed: 16 Years

CONTACT

1499 Se Tech Center Pl, Vancouver, WA 98683

Cara Richter

Commercial Real Estate, Foreclosure, Credit & Debt, Bankruptcy

Status: In Good Standing Licensed: 15 Years

CONTACT

1499 Se Tech Center Place, Vancouver, WA 98683

Autumn Nicole Nigro

Civil Rights, Insurance, Credit & Debt, Personal Injury

Status: In Good Standing Licensed: 11 Years

CONTACT

3709 E Fourth Plain Blvd, Vancouver, WA 98661

Erin Mcaleer

Workers' Compensation, Contract, Bankruptcy, Personal Injury

Status: In Good Standing

CONTACT

3709 E Fourth Plain Blvd, Vancouver, WA 98661

Robert Charles Russell

Status: In Good Standing

CONTACT

516 Se Chkalov Dr, Vancouver, WA 98683

Donald Arthur Esau

Land Use & Zoning, Civil Rights, Contract, Collection

Status: In Good Standing Licensed: 40 Years

CONTACT

2501 Ne 138Th Ave, Vancouver, WA 98684

Robert W. Ives

Commercial Real Estate, Estate Planning, Contract, Commercial Bankruptcy

Status: In Good Standing Licensed: 44 Years

CONTACT

8906 Ne 21St Ave, Vancouver, WA 98665

Jean Marie Mccoy

Commercial Real Estate, Landlord-Tenant, Foreclosure, Credit & Debt

Status: In Good Standing Licensed: 32 Years

CONTACT

Vancouver, WA 98666

800-923-0641

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LEGAL TERMS

PRESUMED ABUSE

In a Chapter 7 bankruptcy, when the debtor's current monthly income exceeds the family median income for his or her state and he or she cannot pass the means te... (more...)

In a Chapter 7 bankruptcy, when the debtor's current monthly income exceeds the family median income for his or her state and he or she cannot pass the means test, the court will presume that the debtor has sufficient income to fund a Chapter 13 plan. In this situation, the debtor will not be allowed to proceed with a Chapter 7 bankruptcy unless the debtor can prove that he or she is not abusing the Chapter 7 bankruptcy remedy.

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.

DOING BUSINESS AS (DBA)

A situation in which a business owner operates a company under a name different from his or her real name. The owner must file a 'fictitious name statement' or ... (more...)

A situation in which a business owner operates a company under a name different from his or her real name. The owner must file a 'fictitious name statement' or similar document with the appropriate agency -- for example, the county clerk. This enables consumers to discover the names of the business owners, which is important if a consumer needs to sue the business.

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.

SUBROGATION

A taking on of the legal rights of someone whose debts or expenses have been paid. For example, subrogation occurs when an insurance company that has paid off i... (more...)

A taking on of the legal rights of someone whose debts or expenses have been paid. For example, subrogation occurs when an insurance company that has paid off its injured claimant takes the legal rights the claimant has against a third party that caused the injury, and sues that third party.

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.

BANKRUPTCY

A legal proceeding that relieves you of the responsibility of paying your debts or provides you with protection while attempting to repay your debts. There are ... (more...)

A legal proceeding that relieves you of the responsibility of paying your debts or provides you with protection while attempting to repay your debts. There are two types of bankruptcies -- liquidation, in which your debts are wiped out (discharged) and reorganization, in which you provide the court with a plan for how you intend to repay your debts. For both consumers and business, liquidation bankruptcy is called Chapter 7. For consumers, reorganization bankruptcy is called Chapter 13. Reorganization bankruptcy for consumers with an extraordinary amount of debt and for businesses is called Chapter 11. Reorganization bankruptcy for family farmers is called Chapter 12.

Heisson Bankruptcy & Debt Lawyer, Washington, page 3

Sponsored Law Firm

Leavy Schultz Davis, P.S.

SPONSORED LAWYERS

John A Cochran

Kelly D. Sutherland

James Craft

Cara Richter

Autumn Nicole Nigro

Erin Mcaleer

Robert Charles Russell

Donald Arthur Esau

Robert W. Ives

Jean Marie Mccoy

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LEGAL TERMS

PRESUMED ABUSE

REDEMPTION

DOING BUSINESS AS (DBA)

S CORPORATION

SUBROGATION

FRATERNAL BENEFIT SOCIETY BENEFITS

BANKRUPTCY

FCRA

FCBA

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