Olympia Bankruptcy & Debt Lawyer, Washington, page 5

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Jason Newcombe
About Us | Services
Washington Law Group, PLLC
3025 Limited Ln NW #206 Olympia, WA 98502Â» 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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James R. Schwartz

Contract, Land Use & Zoning, Bankruptcy, State Government

Status: Inactive Licensed: 34 Years

CONTACT

Olympia, WA 98504

Carmen N Matsumoto

Business & Trade, Corporate, Banking & Finance, Commercial Bankruptcy

Status: In Good Standing Licensed: 26 Years

CONTACT

Olympia, WA 98504

Jill Elaine Collins

Consumer Bankruptcy

Status: In Good Standing Licensed: 26 Years

CONTACT

521 Union Ave Se, Olympia, WA 98501

Sarah Rieko Maclean

Contract, State Government, Commercial Bankruptcy, Business & Trade

Status: In Good Standing Licensed: 76 Years

CONTACT

415 12Th Ave Sw, Olympia, WA 98501

Brian Michael Barnes

Estate Planning, Family Law, Criminal, Bankruptcy

Status: In Good Standing Licensed: 29 Years

CONTACT

324 W Bay Dr Nw, Olympia, WA 98502

Steven P. Weinberg

Bankruptcy, Bankruptcy & Debt, Personal Injury, Accident & Injury

Status: Inactive Licensed: 46 Years

CONTACT

324 West Bay Dr Nw, Olympia, WA 98502

Heather T Christenson

Land Use & Zoning, Life & Health, Corporate, Commercial Bankruptcy

Status: In Good Standing Licensed: 26 Years

CONTACT

324 W Bay Dr Nw, Olympia, WA 98502

Cynthia Tisdale Sanderson

State Government, Business & Trade, Administrative Law, Commercial Bankruptcy

Status: In Good Standing Licensed: 22 Years

CONTACT

1805 6Th Ave Sw, Olympia, WA 98502

John Sarsfield Lynch

State Government, Government, Securities, Consumer Bankruptcy

Status: Deceased Licensed: 91 Years

CONTACT

1910 S Evergreen Park Dr Sw, Olympia, WA 98502

Anthony W Carter

Securities Regulation, Securities, Administrative Law, Consumer Bankruptcy

Status: In Good Standing Licensed: 25 Years

CONTACT

1114 Woodard Ave Nw, Olympia, WA 98502

800-923-0641

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LEGAL TERMS

LIMITED LIABILITY

The maximum amount a business owner can lose if the business is subject to debts, claims or other liabilities. An owner of a limited liability company (LLC) or ... (more...)

The maximum amount a business owner can lose if the business is subject to debts, claims or other liabilities. An owner of a limited liability company (LLC) or a person who invests in a corporation (a shareholder) generally stands to lose only the amount of money invested in the business. This means that if the business folds, creditors cannot seize or sell an owner's home, car, or other personal assets.

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.

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.

CHAPTER 13 BANKRUPTCY

The reorganization bankruptcy for consumers, in which you partially or fully repay your debts. In Chapter 13 bankruptcy, you keep your property and use your inc... (more...)

The reorganization bankruptcy for consumers, in which you partially or fully repay your debts. In Chapter 13 bankruptcy, you keep your property and use your income to pay all or a portion of the debts over three to five years. The minimum amount you must pay is roughly equal to the value of your nonexempt property. In addition, you must pledge your disposable net income -- after subtracting reasonable expenses -- for the period during which you are making payments. At the end of the three-to five-year period, the balance of what you owe on most debts is erased.

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.

TRUTH IN LENDING ACT (TILA)

A federal law that requires credit and charge card companies to disclose interest rates and other information about an account. It also requires lenders to disc... (more...)

A federal law that requires credit and charge card companies to disclose interest rates and other information about an account. It also requires lenders to disclose the terms of a loan, including the total amount of the loan, the annual interest rate and the number, amount and due dates of all payments necessary to repay the loan. The TILA requires additional disclosures and places many restrictions on mortgages.

INFRINGEMENT (OF TRADEMARK)

Unauthorized use of a protected trademark or service mark, or use of something very similar to a protected mark. The success of a lawsuit to stop the infringeme... (more...)

Unauthorized use of a protected trademark or service mark, or use of something very similar to a protected mark. The success of a lawsuit to stop the infringement turns on whether the defendant's use causes a likelihood of confusion in the average consumer. If a court determines that the average consumer would be confused, the owner of the original mark can prevent the other's use of the infringing mark and sometimes collect damages.

CCCS

See Consumer Credit Counseling Service.

CHAPTER 13 PLAN

A document filed in a Chapter 13 bankruptcy in which the debtor shows how all of his or her disposable income will be used over a three- to five-year period to ... (more...)

A document filed in a Chapter 13 bankruptcy in which the debtor shows how all of his or her disposable income will be used over a three- to five-year period to pay all mandatory debts -- for example, back child support, taxes, and mortgage arrearages -- as well as some or all unsecured, nonpriority debts, such as medical and credit card bills.

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Olympia Bankruptcy & Debt Lawyer, Washington, page 5

Sponsored Law Firm

Washington Law Group, PLLC

SPONSORED LAWYERS

James R. Schwartz

Carmen N Matsumoto

Jill Elaine Collins

Sarah Rieko Maclean

Brian Michael Barnes

Steven P. Weinberg

Heather T Christenson

Cynthia Tisdale Sanderson

John Sarsfield Lynch

Anthony W Carter

TIPS

LEGAL TERMS

LIMITED LIABILITY

LIABILITY

REAFFIRMATION

CHAPTER 13 BANKRUPTCY

S CORPORATION

TRUTH IN LENDING ACT (TILA)

INFRINGEMENT (OF TRADEMARK)

CCCS

CHAPTER 13 PLAN

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