Port Orchard 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
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Jeremie Lipton

Corporate, Construction, Commercial Bankruptcy, Contract

Status: In Good Standing Licensed: 23 Years

CONTACT

Bainbridge Island, WA 98110

John Joseph Mitchell

Litigation, Child Custody, Credit & Debt, Collection

Status: Inactive Licensed: 42 Years

CONTACT

Bainbridge Island, WA 98110

Kenyon P. Kellogg

Land Use & Zoning, Estate Planning, Corporate, Commercial Bankruptcy

Status: In Good Standing Licensed: 53 Years

CONTACT

5609 Crystal Springs Dr Ne, Bainbridge Island, WA 98110

Cynthia A. Hall

International Tax, Estate Planning, Business & Trade, Commercial Bankruptcy

Status: In Good Standing Licensed: 31 Years

CONTACT

600 Ericksen Ave Ne, Bainbridge Island, WA 98110

Cheryl A. Williams

Commercial Real Estate, Business & Trade, Contract, Commercial Bankruptcy

Status: In Good Standing Licensed: 39 Years

CONTACT

271 Wyatt Way Ne, Bainbridge Island, WA 98110

Martin F. Smith

Education, Federal, Contract, Commercial Bankruptcy

Status: In Good Standing Licensed: 43 Years

CONTACT

6380 Ne Mitchell Ln, Bainbridge Island, WA 98110

Michael Paul Klein

Commercial Real Estate, Business & Trade, Commercial Bankruptcy, Bankruptcy

Status: In Good Standing Licensed: 36 Years

CONTACT

330 Madison Ave S, Bainbridge Island, WA 98110

David Frost Cooper

Civil Rights, Insurance, Credit & Debt, Personal Injury

Status: In Good Standing Licensed: 48 Years

CONTACT

19001 Vashon Hwy Sw, Burton, WA 98070

Michelle Ann Blackmon

Corporate, Banking & Finance, Credit & Debt

Status: In Good Standing Licensed: 13 Years

CONTACT

125 Ferncliff Ave Ne, Bainbridge Island, WA 98110

Bradley Boswell Jones

Foreclosure, Collection, Bankruptcy, Bankruptcy & Debt

Status: In Good Standing Licensed: 45 Years

CONTACT

Vashon, WA 98070

800-923-0641

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LEGAL TERMS

LIQUIDATING PARTNER

The member of an insolvent or dissolving partnership responsible for paying the debts and settling the accounts of the partnership.

WORKOUT

A debtor's plan to take care of a debt, by paying it off or through loan forgiveness. Workouts are often created to avoid bankruptcy or foreclosure proceedings.

PREFERENCE

A payment made by a debtor to a creditor within a defined period prior to filing for bankruptcy -- within three months for arms-length creditors (regular commer... (more...)

A payment made by a debtor to a creditor within a defined period prior to filing for bankruptcy -- within three months for arms-length creditors (regular commercial creditors) and within one year for insider creditors (friends, family members, and business associates). Because a preference gives the creditor who received the payment an edge over other creditors in the bankruptcy case, the trustee can recover the preference (the amount of the payment) and distribute it among all of the creditors.

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.

DISCHARGE (OF DEBTS)

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

LIEN

The right of a secured creditor to grab a specific item of property if you don't pay a debt. Liens you agree to are called security interests, and include mortg... (more...)

The right of a secured creditor to grab a specific item of property if you don't pay a debt. Liens you agree to are called security interests, and include mortgages, home equity loans, car loans and personal loans for which you pledge property to guarantee repayment. Liens created without your consent are called nonconsensual liens, and include judgment liens (liens filed by a creditor who has sued you and obtained a judgment), tax liens and mechanics liens (liens filed by a contractor who worked on your house but wasn't paid).

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.

CREDITOR

A person or entity (such as a bank) to whom a debt is owed.

ABUSE

Misuse of the Chapter 7 bankruptcy remedy. This term is typically applied to Chapter 7 bankruptcy filings that should have been filed under Chapter 13, because ... (more...)

Misuse of the Chapter 7 bankruptcy remedy. This term is typically applied to Chapter 7 bankruptcy filings that should have been filed under Chapter 13, because the debtor appears to have enough disposable income to fund a Chapter 13 repayment plan.

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Port Orchard Bankruptcy & Debt Lawyer, Washington, page 3

Sponsored Law Firm

Leavy Schultz Davis, P.S.

SPONSORED LAWYERS

Jeremie Lipton

John Joseph Mitchell

Kenyon P. Kellogg

Cynthia A. Hall

Cheryl A. Williams

Martin F. Smith

Michael Paul Klein

David Frost Cooper

Michelle Ann Blackmon

Bradley Boswell Jones

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LEGAL TERMS

LIQUIDATING PARTNER

WORKOUT

PREFERENCE

LIABILITY

DISCHARGE (OF DEBTS)

LIEN

MEETING OF CREDITORS

CREDITOR

ABUSE

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