Olga Bankruptcy & Debt Lawyer, Washington

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Jason Newcombe
About Us | Services
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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Steven C. Hathaway

Real Estate, Bankruptcy, Bankruptcy & Debt

Status: In Good Standing

CONTACT

3811 Consolidation Avenue, Bellingham, WA 98227

Stephen Alexander Bernheim

Construction, Immigration, Business & Trade, Collection

Status: In Good Standing Licensed: 39 Years

CONTACT

Olga, WA 98279

Robert E. Darby

Bankruptcy

Status: Inactive Licensed: 48 Years

CONTACT

114 Shooting Star Ln, Eastsound, WA 98245

Cynthia H Andrew

Commercial Bankruptcy, Commercial Real Estate, Real Estate

Status: Inactive Licensed: 62 Years

CONTACT

Orcas, WA 98280

Jodi E Spurlock

Commercial Bankruptcy, Commercial Real Estate, Real Estate

Status: In Good Standing Licensed: 72 Years

CONTACT

531 Fern St, Eastsound, WA 98245

Margo K Rubel

Commercial Bankruptcy, Commercial Real Estate, Real Estate

Status: Inactive Licensed: 77 Years

CONTACT

399 View Haven Rd, Eastsound, WA 98245

Michael Kent Murray

Construction, Estate Planning, Business & Trade, Commercial Bankruptcy

Status: In Good Standing Licensed: 50 Years

CONTACT

Eastsound, WA 98245

Kenneth E Loyd

Commercial Bankruptcy, Commercial Real Estate, Real Estate

Status: In Good Standing Licensed: 51 Years

CONTACT

Eastsound, WA 98245

Wendy E. Rogers

Commercial Bankruptcy, Commercial Real Estate, Real Estate

Status: Inactive Licensed: 76 Years

CONTACT

Eastsound, WA 98245

Heather Marie Wallace

Commercial Bankruptcy, Elder Law, Estate Planning, Commercial Real Estate

Status: Inactive Licensed: 45 Years

CONTACT

P.O. Box 1575, Eastsound, WA 98245

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.

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.

LIABILITY

(1) The state of being liable--that is, legally responsible for an act or omission. Example:Peri hires Paul to fix a broken pipe in her bathroom, but the new pi... (more...)

(1) The state of being liable--that is, legally responsible for an act or omission. Example:Peri hires Paul to fix a broken pipe in her bathroom, but the new pipe bursts the day after Paul installs it, ruining the bathroom floor. This raises the issue of liability: Who is responsible for the damage? Peri claims that Paul is responsible, and sues him for the cost of hiring another plumber to fix the pipe and replacing the floor. Paul, in turn, claims that the pipe manufacturer is responsible, because they supplied him with faulty materials. Both Peri and Paul must prove their claims in court; if Paul and/or the manufacturer is found liable, one or both will have to pay damages to Peri. (2) Something for which a person is liable. For example, a debt is often called a liability.

FRAUDULENT TRANSFER

In a bankruptcy case, a transfer of property to another for less than the property's value for the purpose of hiding the property from the bankruptcy trustee --... (more...)

In a bankruptcy case, a transfer of property to another for less than the property's value for the purpose of hiding the property from the bankruptcy trustee -- for instance, when a debtor signs a car over to a relative to keep it out of the bankruptcy estate. Fraudulently transferred property can be recovered and sold by the trustee for the benefit of the creditors.

DEFINED CONTRIBUTION PLAN

A type of pension plan that does not guarantee any particular pension amount upon retirement. Instead, the employer pays into the pension fund a certain amount ... (more...)

A type of pension plan that does not guarantee any particular pension amount upon retirement. Instead, the employer pays into the pension fund a certain amount every month, or every year, for each employee. The employer usually pays a fixed percentage of an employee's wages or salary, although sometimes the amount is a fraction of the company's profits, with the size of each employee's pension share depending on the amount of wage or salary. Upon retirement, each employee's pension is determined by how much was contributed to the fund on behalf of that employee over the years, plus whatever earnings that money has accumulated as part of the investments of the entire pension fund.

DISCHARGE (OF DEBTS)

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

CREDIT BUREAU

A private, profit-making company that collects and sells information about a person's credit history. Typical clients include banks, mortgage lenders and credit... (more...)

A private, profit-making company that collects and sells information about a person's credit history. Typical clients include banks, mortgage lenders and credit card companies that use the information to screen applicants for loans and credit cards. There are three major credit bureaus, Equifax, Experian and Trans Union, and they are regulated by the federal Fair Credit Reporting Act.

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.

GUARANTOR

A person who makes a legally binding promise to either pay another person's debt or perform another person's duty if that person defaults or fails to perform. T... (more...)

A person who makes a legally binding promise to either pay another person's debt or perform another person's duty if that person defaults or fails to perform. The guarantor gives a 'guaranty,' which is an assurance that the debt or other obligation will be fulfilled.

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Olga Bankruptcy & Debt Lawyer, Washington

Sponsored Law Firm

Washington Law Group, PLLC

SPONSORED LAWYERS

Steven C. Hathaway

Stephen Alexander Bernheim

Robert E. Darby

Cynthia H Andrew

Jodi E Spurlock

Margo K Rubel

Michael Kent Murray

Kenneth E Loyd

Wendy E. Rogers

Heather Marie Wallace

TIPS

LEGAL TERMS

PRESUMED ABUSE

SETOFF

LIABILITY

FRAUDULENT TRANSFER

DEFINED CONTRIBUTION PLAN

DISCHARGE (OF DEBTS)

CREDIT BUREAU

INTEREST

GUARANTOR

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