Renton Bankruptcy & Debt Lawyer, Washington, page 2

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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
1. Contact
2. Email
3. Refer
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6. Website
7. Profile

David Paul Tracy

Landlord-Tenant, Estate Planning, Collection, Personal Injury

Status: In Good Standing Licensed: 46 Years

CONTACT

108 Wells Ave S, Renton, WA 98057

Kim-Khanh Thi Van

Family Law, Contract, Commercial Bankruptcy, Personal Injury

Status: In Good Standing Licensed: 13 Years

CONTACT

Renton, WA 98057

Boyd F. Buckingham

Family Law, Business & Trade, Commercial Bankruptcy, Personal Injury

Status: In Good Standing

CONTACT

321 Burnett Ave S, Renton, WA 98057

Joy Lee Barnhart

Litigation, Wills & Probate, Estate, Guardianships & Conservatorships, Bankruptcy

Status: In Good Standing Licensed: 43 Years

CONTACT

15 S Grady Way, Renton, WA 98057

Sara Blastos Tamblyn

Estate Planning, Estate, Family Law, Credit & Debt

Status: In Good Standing

CONTACT

15 S Grady Way, Renton, WA 98057

Gwenna Rose Wootress

Patent, Communication & Media Law, Corporate, Commercial Bankruptcy

Status: In Good Standing Licensed: 34 Years

CONTACT

1201 Sw 7Th St, Renton, WA 98057

Robin L. Denison

Electronic Commerce, Banking & Finance, Credit & Debt, Bankruptcy & Debt

Status: In Good Standing Licensed: 28 Years

CONTACT

820 Sw 34Th St, Renton, WA 98057

Joseph W Creed

Real Estate, Divorce & Family Law, Business, Bankruptcy & Debt

Status: In Good Standing Licensed: 20 Years

FREE CONSULTATION

CONTACT

14205 SE 36th St, Bellevue, WA 98006

Yukiko D. Stave

Immigration, Federal Appellate Practice, Civil Rights, Bankruptcy

Status: In Good Standing Licensed: 20 Years

CONTACT

14900 Interurban Avenue South, Seahurst, WA 98168

Jenny C. Ling

Traffic, Estate, Bankruptcy, Bankruptcy & Debt

Status: In Good Standing Licensed: 11 Years

CONTACT

14900 Interurban Ave. S, Seattle, WA 98168

800-923-0641

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LEGAL TERMS

TOXIC TORT

A personal injury caused by exposure to a toxic substance, such as asbestos or hazardous waste. Victims can sue for medical expenses, lost wages and pain and su... (more...)

A personal injury caused by exposure to a toxic substance, such as asbestos or hazardous waste. Victims can sue for medical expenses, lost wages and pain and suffering.

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.

DISCHARGE (OF DEBTS)

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

CREDIT INSURANCE

Insurance a lender requires a borrower to purchase to cover the loan. If the borrower dies or becomes disabled before paying off the loan, the policy will pay o... (more...)

Insurance a lender requires a borrower to purchase to cover the loan. If the borrower dies or becomes disabled before paying off the loan, the policy will pay off the remaining balance. Federal and state consumer protection laws require the lender to disclose to existing and potential borrowers the terms and costs of obtaining credit insurance because it can affect the terms of the loan.

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.

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.

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.

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Renton Bankruptcy & Debt Lawyer, Washington, page 2

Sponsored Law Firm

Leavy Schultz Davis, P.S.

SPONSORED LAWYERS

David Paul Tracy

Kim-Khanh Thi Van

Boyd F. Buckingham

Joy Lee Barnhart

Sara Blastos Tamblyn

Gwenna Rose Wootress

Robin L. Denison

Joseph W Creed

Yukiko D. Stave

Jenny C. Ling

TIPS

LEGAL TERMS

TOXIC TORT

FORBEARANCE

DISCHARGE (OF DEBTS)

CHAPTER 13 BANKRUPTCY

CREDIT INSURANCE

PROCEEDS FOR DAMAGED EXEMPT PROPERTY

S CORPORATION

WORKOUT

SOLE PROPRIETORSHIP

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