Rockford 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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Darlene D. Adams

Commercial Bankruptcy, Commercial Real Estate, Real Estate

Status: Inactive Licensed: 95 Years

CONTACT

Veradale, WA 99037

Lila J. Nees

Commercial Bankruptcy, Commercial Real Estate, Real Estate

Status: Inactive Licensed: 63 Years

CONTACT

1718 S Vera Crest Dr, Veradale, WA 99037

DeeAnn R. Neumann

Commercial Bankruptcy, Commercial Real Estate, Real Estate

Status: Inactive Licensed: 31 Years

CONTACT

14804 E 21St Ct, Veradale, WA 99037

R. Matthew Beverlin

Administrative Law, Credit & Debt, Civil Rights, Labor Law

Status: In Good Standing Licensed: 8 Years

CONTACT

2918 S Adams Rd, Veradale, WA 99037

Bruce Robert Boyden

Federal, Business & Trade, Collection, Bankruptcy

Status: Inactive Licensed: 45 Years

CONTACT

8525 S Windmill Dr, Spokane, WA 99223

Kathleen J Patterson

Lawsuit & Dispute, Estate, Business, Bankruptcy

Status: In Good Standing

CONTACT

15202 E Sprague Ave, Veradale, WA 99037

Judith R. Kampf

International Tax, Estate Planning, Corporate, Commercial Bankruptcy

Status: In Good Standing Licensed: 51 Years

CONTACT

Spokane, WA 99223

Shawn D. Price-Sladich

Federal Appellate Practice, Employment Discrimination, Contract, Commercial Bankruptcy

Status: In Good Standing Licensed: 39 Years

CONTACT

2808 S Park Ln, Spokane, WA 99212

Timothy R. Fischer

Bankruptcy & Debt, Bankruptcy, Real Estate, Credit & Debt

Status: In Good Standing

FREE CONSULTATION

CONTACT

12710 E Sprague Ave, Spokane, WA 99216

Gregory L. Decker

Traffic, Family Law, Bankruptcy, Personal Injury

Status: In Good Standing Licensed: 48 Years

CONTACT

16201 E Indiana Ave, Spokane, WA 99216

800-923-0641

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LEGAL TERMS

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.

C CORPORATION

Common business slang to distinguish a corporation whose profits are taxed separate from its owners under subchapter C of the Internal Revenue Code, from an S c... (more...)

Common business slang to distinguish a corporation whose profits are taxed separate from its owners under subchapter C of the Internal Revenue Code, from an S corporation, whose profits are passed through to shareholders and taxed on their personal returns under subchapter S of the Internal Revenue Code.

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.

SUBROGATION

A taking on of the legal rights of someone whose debts or expenses have been paid. For example, subrogation occurs when an insurance company that has paid off i... (more...)

A taking on of the legal rights of someone whose debts or expenses have been paid. For example, subrogation occurs when an insurance company that has paid off its injured claimant takes the legal rights the claimant has against a third party that caused the injury, and sues that third party.

COLLATERAL

Property that guarantees payment of a secured debt.

PRIORITY DEBT

A type of debt that is paid first if there are distributions made from the bankruptcy estate in a Chapter 7 bankruptcy, and must be paid in full in a Chapter 13... (more...)

A type of debt that is paid first if there are distributions made from the bankruptcy estate in a Chapter 7 bankruptcy, and must be paid in full in a Chapter 13 bankruptcy. Priority debts include alimony and child support, fees owed to the trustee and the attorney in the bankruptcy case, and wages owed to employees.

BANKRUPTCY

A legal proceeding that relieves you of the responsibility of paying your debts or provides you with protection while attempting to repay your debts. There are ... (more...)

A legal proceeding that relieves you of the responsibility of paying your debts or provides you with protection while attempting to repay your debts. There are two types of bankruptcies -- liquidation, in which your debts are wiped out (discharged) and reorganization, in which you provide the court with a plan for how you intend to repay your debts. For both consumers and business, liquidation bankruptcy is called Chapter 7. For consumers, reorganization bankruptcy is called Chapter 13. Reorganization bankruptcy for consumers with an extraordinary amount of debt and for businesses is called Chapter 11. Reorganization bankruptcy for family farmers is called Chapter 12.

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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Rockford Bankruptcy & Debt Lawyer, Washington, page 3

Sponsored Law Firm

Leavy Schultz Davis, P.S.

SPONSORED LAWYERS

Darlene D. Adams

Lila J. Nees

DeeAnn R. Neumann

R. Matthew Beverlin

Bruce Robert Boyden

Kathleen J Patterson

Judith R. Kampf

Shawn D. Price-Sladich

Timothy R. Fischer

Gregory L. Decker

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LEGAL TERMS

401(K) PLAN

C CORPORATION

CHAPTER 13 BANKRUPTCY

SUBROGATION

COLLATERAL

PRIORITY DEBT

BANKRUPTCY

WORKOUT

SOLE PROPRIETORSHIP

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