Maple Falls Bankruptcy & Debt Lawyer, Washington, page 5

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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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Michael Andrew Winslow

Construction, Estate Planning, Business & Trade, Commercial Bankruptcy

Status: In Good Standing

CONTACT

519 Columbine Ct, Mount Vernon, WA 98273

Terence G. Carroll

Divorce, Bankruptcy, Bankruptcy & Debt

Status: In Good Standing Licensed: 39 Years

CONTACT

709 S 1St St, Mount Vernon, WA 98273

Rachelle Marie Eason

Estate Planning, Family Law, Business & Trade, Bankruptcy

Status: In Good Standing Licensed: 25 Years

CONTACT

725 S 1St St, Mount Vernon, WA 98273

Matthew T. Halliday

Employment Discrimination, Life & Health, Commercial Bankruptcy, Labor Law

Status: In Good Standing Licensed: 34 Years

CONTACT

23871 Nookachamp Hills Dr, Mount Vernon, WA 98274

Cawood King Bebout

Immigration, Bankruptcy, Bankruptcy & Debt

Status: In Good Standing Licensed: 41 Years

CONTACT

1023 S 3rd St, Mount Vernon, WA 98273

John Graham Kamb

Bankruptcy & Debt, Divorce & Family Law, Accident & Injury, Estate

Status: In Good Standing Licensed: 68 Years

CONTACT

702 Main St, Mount Vernon, WA 98273

John Thomas Burke

Estate Planning, Contract, Commercial Bankruptcy

Status: In Good Standing Licensed: 18 Years

CONTACT

605 S 3Rd St, Mount Vernon, WA 98273

Laura Jean Minton Breckenridge

Corporate, Construction, Commercial Bankruptcy, Contract

Status: In Good Standing Licensed: 38 Years

CONTACT

825 Cleveland Ave, Mount Vernon, WA 98273

Richard Mark Sybrandy

Contract, Credit & Debt, Civil Rights, Family Law

Status: In Good Standing Licensed: 29 Years

CONTACT

Mount Vernon, WA 98273

Brian Edward Clark

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

Status: In Good Standing Licensed: 46 Years

CONTACT

Mount Vernon, WA 98273

800-923-0641

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LEGAL TERMS

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.

CHAPTER 7 BANKRUPTCY

The most familiar type of bankruptcy, in which many or all of your debts are wiped out completely in exchange for giving up your nonexempt property. Chapter 7 b... (more...)

The most familiar type of bankruptcy, in which many or all of your debts are wiped out completely in exchange for giving up your nonexempt property. Chapter 7 bankruptcy takes from three to six months, costs about $200, and commonly requires only one trip to the courthouse.

SETOFF

A claim made by someone who allegedly owes money, that the amount should be reduced because the other person owes him money. This is often raised in a countercl... (more...)

A claim made by someone who allegedly owes money, that the amount should be reduced because the other person owes him money. This is often raised in a counterclaim filed by a defendant in a lawsuit. Banks may try to exercise a setoff by taking money out of a deposit account to satisfy past due payments on a loan or credit card bill. Such an act is illegal under most circumstances.

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.

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.

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.

401(K) PLAN

A deferred compensation savings program in which employees invest part of their wages, sometimes along with employer contributions, to save on taxes. No income ... (more...)

A deferred compensation savings program in which employees invest part of their wages, sometimes along with employer contributions, to save on taxes. No income taxes on the amount invested and any earnings are due until the employee withdraws money from the fund.

FAIR CREDIT BILLING ACT (FCBA)

A federal law that gives you rights when an error occurs on your credit card statement. You must notify the credit card company of the mistake within 60 days af... (more...)

A federal law that gives you rights when an error occurs on your credit card statement. You must notify the credit card company of the mistake within 60 days after it mailed the bill to you. The company must then correct the mistake, or at least acknowledge receipt of your letter within 30 days, and must correct the error within 90 days or explain why it believes the credit card statement is correct.

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.

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Maple Falls Bankruptcy & Debt Lawyer, Washington, page 5

Sponsored Law Firm

Leavy Schultz Davis, P.S.

SPONSORED LAWYERS

Michael Andrew Winslow

Terence G. Carroll

Rachelle Marie Eason

Matthew T. Halliday

Cawood King Bebout

John Graham Kamb

John Thomas Burke

Laura Jean Minton Breckenridge

Richard Mark Sybrandy

Brian Edward Clark

TIPS

LEGAL TERMS

IRS EXPENSES

CHAPTER 7 BANKRUPTCY

SETOFF

PROCEEDS FOR DAMAGED EXEMPT PROPERTY

S CORPORATION

SOLE PROPRIETORSHIP

401(K) PLAN

FAIR CREDIT BILLING ACT (FCBA)

FORBEARANCE

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