Kingston Bankruptcy & Debt Lawyer, Washington, page 4

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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
CONTACT US FOR A CONSULTATION

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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Sarah E Smith

Land Use & Zoning, Estate Planning, Business & Trade, Commercial Bankruptcy

Status: In Good Standing Licensed: 17 Years

CONTACT

2401 NW 65th St, Seattle, WA 98117

Scott Martin Ellerby

Estate Planning, Civil Rights, Banking & Finance, Collection, Trusts

Status: In Good Standing Licensed: 38 Years

CONTACT

2401 Nw 65Th St, Seattle, WA 98117

Marc S Stern

Foreclosure, Contract, Collection, Bankruptcy, Legal Malpractice

Status: In Good Standing Licensed: 47 Years

CONTACT

1825 Nw 65Th St, Seattle, WA 98117

Gregory P. Norbut

Litigation, Estate Planning, Business & Trade, Commercial Bankruptcy

Status: In Good Standing Licensed: 43 Years

CONTACT

Poulsbo, WA 98370

Roger D Sherrard

Federal, Estate Planning, Corporate, Commercial Bankruptcy

Status: Inactive Licensed: 49 Years

CONTACT

Poulsbo, WA 98370

Stephen Randolph Odom

International Other, Business & Trade, Corporate, Commercial Bankruptcy

Status: In Good Standing Licensed: 46 Years

CONTACT

12722 9Th Ave Nw, Seattle, WA 98177

Paul A. Swegle

Corporate, Employment Discrimination, Commercial Bankruptcy, Intellectual Property

Status: In Good Standing Licensed: 36 Years

CONTACT

9416 24Th Ave Nw, Seattle, WA 98117

John Thomas Blanchard

Landlord-Tenant, Corporate, Contract, Commercial Bankruptcy

Status: In Good Standing Licensed: 51 Years

CONTACT

340 N 133rd St, Seattle, WA 98133

Amy Worrell-Kneller

Tax, Corporate, Non-profit, Commercial Bankruptcy

Status: In Good Standing Licensed: 17 Years

CONTACT

9015 22Nd Ave Nw, Seattle, WA 98117

R. Clark Cavin

Land Use & Zoning, Estate Planning, Business & Trade, Commercial Bankruptcy

Status: Deceased Licensed: 48 Years

CONTACT

7907 Greenwood Ave N, Seattle, WA 98103

800-923-0641

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LEGAL TERMS

COSIGNER

A person who signs his or her name to a loan agreement, lease or credit application. If the primary debtor does not pay, the cosigner is fully responsible for t... (more...)

A person who signs his or her name to a loan agreement, lease or credit application. If the primary debtor does not pay, the cosigner is fully responsible for the loan or debt. Many people use cosigners to qualify for a loan or credit card. Landlords may require a cosigner when renting to a student or someone with a poor credit history.

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.

REAFFIRMATION

An agreement that a debtor and a creditor enter into after a debtor has filed for bankruptcy, in which the debtor agrees to repay all or part of an existing deb... (more...)

An agreement that a debtor and a creditor enter into after a debtor has filed for bankruptcy, in which the debtor agrees to repay all or part of an existing debt after the bankruptcy case is over. For instance, a debtor might make a reaffirmation agreement with the holder of a car note that the debtor can keep the car and must continue to pay the debt after bankruptcy.

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.

DISCHARGE (OF DEBTS)

A bankruptcy court's erasure of the debts of a person or business that has filed for bankruptcy.

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.

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.

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.

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Kingston Bankruptcy & Debt Lawyer, Washington, page 4

Sponsored Law Firm

Washington Law Group, PLLC

SPONSORED LAWYERS

Sarah E Smith

Scott Martin Ellerby

Marc S Stern

Gregory P. Norbut

Roger D Sherrard

Stephen Randolph Odom

Paul A. Swegle

John Thomas Blanchard

Amy Worrell-Kneller

R. Clark Cavin

TIPS

LEGAL TERMS

COSIGNER

PRESUMED ABUSE

REAFFIRMATION

MEETING OF CREDITORS

DISCHARGE (OF DEBTS)

PROCEEDS FOR DAMAGED EXEMPT PROPERTY

DISPOSABLE INCOME

REDEMPTION

FRATERNAL BENEFIT SOCIETY BENEFITS

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