Seattle 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
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Shane Yale Rooney

Alimony & Spousal Support, Child Support, Collection, Commercial Leasing

Status: In Good Standing

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10900 NE. 4th Street, Bellevue, WA 98004

Jeffrey Bruce Wells

Bankruptcy, Bankruptcy & Debt

Status: In Good Standing

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500 Union Street, Seattle, WA 98101

Thomas F McGrath

Credit & Debt

Status: In Good Standing

FREE CONSULTATION

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13555 Bel Red Road, Bellevue, WA 98005

Stephen Garvey

Consumer Bankruptcy, Bankruptcy, Bankruptcy & Debt

Status: In Good Standing

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7100 Evergreen Way, Everett, WA 98203

Jeffrey C. Wishko

Complex Litigation, Cleanup & Superfund, Collective Bargaining, Bankruptcy Litigation

Status: In Good Standing

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2918 Colby Avenue, Everett, WA 98201

Andrew O. Carrington

Wills & Probate, Contract, Bankruptcy, Personal Injury

Status: In Good Standing Licensed: 34 Years

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500 Union St, Seattle, WA 98101

Jason Ellis Anderson

Foreclosure, International Tax, Consumer Protection, Credit & Debt, Bankruptcy

Status: In Good Standing Licensed: 22 Years

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20935 6th Ave S, Seattle, WA 98198

Mona Smith

Litigation, Estate Planning, Business & Trade, Commercial Bankruptcy

Status: In Good Standing Licensed: 40 Years

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500 Union St, Seattle, WA 98101

Scott Roberts Weaver

Landlord-Tenant, Construction, Litigation, Credit & Debt

Status: In Good Standing

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701 5Th Ave, Seattle, WA 98104

Noel Christopher Howe

Intellectual Property, Corporate, Contract, Commercial Bankruptcy

Status: In Good Standing Licensed: 29 Years

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801 2Nd Ave, Seattle, WA 98104

800-923-0641

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LEGAL TERMS

TRADE NAME

The official name of a business, the one it uses on its letterhead and bank account when not dealing with consumers.

NONEXEMPT PROPERTY

The property you risk losing to your creditors when you file a Chapter 7 bankruptcy or when a creditor sues you and wins a judgment. Nonexempt property typicall... (more...)

The property you risk losing to your creditors when you file a Chapter 7 bankruptcy or when a creditor sues you and wins a judgment. Nonexempt property typically includes valuable clothing (furs) and electronic equipment, an expensive car that's been paid off and most of the equity in your house. Compare exempt property.

REPOSSESSION

A creditor's taking property that has been pledged as collateral for a loan. Lenders will most often repossess cars when the owner has missed loan payments and ... (more...)

A creditor's taking property that has been pledged as collateral for a loan. Lenders will most often repossess cars when the owner has missed loan payments and has not attempted to work with the lender to resolve the problem. A repossessor can't use force to get at your car, but he can legally hot-wire it and even drive it out of your unlocked garage.

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.

COLLATERAL

Property that guarantees payment of a secured debt.

MEANS TEST

A formula that uses predefined income and expense categories to determine whether a debtor whose current monthly income is higher than the median family income ... (more...)

A formula that uses predefined income and expense categories to determine whether a debtor whose current monthly income is higher than the median family income for his or her state should be allowed to file for Chapter 7 bankruptcy.

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.

CREDITOR

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

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.

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Seattle Bankruptcy & Debt Lawyer, Washington, page 2

Sponsored Law Firm

Leavy Schultz Davis, P.S.

SPONSORED LAWYERS

Shane Yale Rooney

Jeffrey Bruce Wells

Thomas F McGrath

Stephen Garvey

Jeffrey C. Wishko

Andrew O. Carrington

Jason Ellis Anderson

Mona Smith

Scott Roberts Weaver

Noel Christopher Howe

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LEGAL TERMS

TRADE NAME

NONEXEMPT PROPERTY

REPOSSESSION

FRAUDULENT TRANSFER

COLLATERAL

MEANS TEST

TRUTH IN LENDING ACT (TILA)

CREDITOR

S CORPORATION

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