Seattle Bankruptcy & Debt Lawyer, Washington, page 3

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Jason Newcombe
About Us | Services
Washington Law Group, PLLC
10700 Meridian Ave N #108 Seattle, WA 98133Â» 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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Samantha Ann Schmidt

Status: In Good Standing Licensed: 22 Years

CONTACT

113 Cherry St, Seattle, WA 98104

Jerry Todd Baker

Insurance, Consumer Bankruptcy, Personal Injury, Accident & Injury

Status: In Good Standing

CONTACT

110 Prefontaine Pl S, Seattle, WA 98104

Michael Duane Daudt

Construction, Civil Rights, Insurance, Consumer Bankruptcy

Status: In Good Standing Licensed: 32 Years

CONTACT

110 Prefontaine Pl S, Seattle, WA 98104

Michael Duane Daudt

Construction, Civil Rights, Insurance, Consumer Bankruptcy

Status: In Good Standing

CONTACT

110 Prefontaine Pl S, Seattle, WA 98104

Susan Lu Lyon

International Other, Science, Technology & Internet, Industry Specialties, Consumer Bankruptcy

Status: In Good Standing Licensed: 26 Years

CONTACT

518 Yale Ave N, Seattle, WA 98109

Gregory Edward Siegler

Tax, International Other, Corporate, Commercial Bankruptcy

Status: Inactive Licensed: 28 Years

CONTACT

342 16Th Ave E, Seattle, WA 98112

Arthur H. Boelter

Bankruptcy Litigation, Federal Claims Court, Federal Trial Practice, Business Organization

Status: Deceased Licensed: 45 Years

CONTACT

1411 4th Ave, Seattle, WA 98101

Richard James Symmes

Entertainment, Estate Planning, Business & Trade, Bankruptcy

Status: In Good Standing

CONTACT

320 128th Ave SE, Bellevue, WA 98005

Teresa B Daggett

Tax, Industry Specialties, Business, Bankruptcy & Debt, Property Damage

Status: In Good Standing

CONTACT

600 University St, Seattle, WA 98101

Christopher Cavallar Mason

Litigation, Employment Discrimination, Business & Trade, Commercial Bankruptcy

Status: In Good Standing

CONTACT

701 5th Ave, Seattle, WA 98104

800-923-0641

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LEGAL TERMS

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.

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.

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.

CHAPTER 7 BANKRUPTCY

The most familiar type of bankruptcy, in which many or all of your debts are wiped out completely in exchange for giving up your nonexempt property. Chapter 7 b... (more...)

The most familiar type of bankruptcy, in which many or all of your debts are wiped out completely in exchange for giving up your nonexempt property. Chapter 7 bankruptcy takes from three to six months, costs about $200, and commonly requires only one trip to the courthouse.

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.

GARNISHMENT

A court-ordered process that takes property from a person to satisfy a debt. For example, a person who owes money to a creditor may have her wages garnished if ... (more...)

A court-ordered process that takes property from a person to satisfy a debt. For example, a person who owes money to a creditor may have her wages garnished if she loses a lawsuit filed by the creditor. Up to 25% of a person's wages can be deducted.

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.

UNSECURED DEBT

A debt that is not tied to any item of property. A creditor doesn't have the right to grab property to satisfy the debt if you default. The creditor's only reme... (more...)

A debt that is not tied to any item of property. A creditor doesn't have the right to grab property to satisfy the debt if you default. The creditor's only remedy is to sue you and get a judgment. Compare secured debt.

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.

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Seattle Bankruptcy & Debt Lawyer, Washington, page 3

Sponsored Law Firm

Washington Law Group, PLLC

SPONSORED LAWYERS

Samantha Ann Schmidt

Jerry Todd Baker

Michael Duane Daudt

Michael Duane Daudt

Susan Lu Lyon

Gregory Edward Siegler

Arthur H. Boelter

Richard James Symmes

Teresa B Daggett

Christopher Cavallar Mason

TIPS

LEGAL TERMS

C CORPORATION

MEETING OF CREDITORS

FRAUDULENT TRANSFER

CHAPTER 7 BANKRUPTCY

BANKRUPTCY

GARNISHMENT

NONEXEMPT PROPERTY

UNSECURED DEBT

REAFFIRMATION

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