Sequim Bankruptcy & Debt Lawyer, Washington, page 2

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Jason Newcombe
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Washington Law Group, PLLC
Proudly Serving The Greater Puget Sound RegionÂ» view map
Bankruptcy & Debt, Chapter 7, Chapter 13
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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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Dawn L. Fleming

Commercial Bankruptcy, Commercial Real Estate, Labor Law, Intellectual Property

Status: In Good Standing Licensed: 45 Years

CONTACT

495 W Spruce St, Sequim, WA 98382

Deanna Lynn Melville

Commercial Bankruptcy, Commercial Real Estate, Real Estate

Status: In Good Standing Licensed: 44 Years

CONTACT

402 S Lincoln St, Port Angeles, WA 98362

Deborah I. Jacobs

Commercial Bankruptcy, Civil Rights, Family Law, Commercial Real Estate

Status: In Good Standing Licensed: 59 Years

CONTACT

495 W Spruce St, Sequim, WA 98382

Denis Wayne Stearns

Litigation, Consumer Bankruptcy, Personal Injury, Household Mold

Status: In Good Standing Licensed: 32 Years

CONTACT

2061 Hastings Ave W, Port Townsend, WA 98368

Erin Edinger

Commercial Bankruptcy, Commercial Real Estate, Real Estate

Status: Suspended Licensed: 88 Years

CONTACT

133 E Prairie St, Sequim, WA 98382

Esther Ann Snowden

Elder Law, Land Use & Zoning, Business & Trade, Commercial Bankruptcy

Status: Inactive Licensed: 38 Years

CONTACT

720 E Washington St, Sequim, WA 98382

Evelyn L Foss

Commercial Bankruptcy, Commercial Real Estate, Real Estate

Status: Suspended Licensed: 74 Years

CONTACT

Quilcene, WA 98376

Gail Marie Sumpter

Dispute Resolution, Trusts, Administrative Law, Bankruptcy

Status: Inactive Licensed: 44 Years

CONTACT

383 Riverview Dr, Sequim, WA 98382

Gail I. Neske

Commercial Bankruptcy, Commercial Real Estate, Real Estate

Status: Inactive Licensed: 63 Years

CONTACT

182 Heuslein Rd, Port Angeles, WA 98362

Hugh Haffner

General Practice

Status: Inactive Licensed: 45 Years

CONTACT

Sequim, WA 98382

800-923-0641

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LEGAL TERMS

BULK SALES LAW

A law that regulates the transfer of business assets so that business owners cannot dispose of assets in order to avoid creditors. If a business owner wants to ... (more...)

A law that regulates the transfer of business assets so that business owners cannot dispose of assets in order to avoid creditors. If a business owner wants to conduct a bulk sale of business assets -- that is, get rid of an unusually large amount of inventory, merchandise or equipment -- the business owner must typically publish a notice of the sale and give written notice to creditors. Then, the owner must set up an account to hold the funds from the sale for a brief period of time during which creditors may make claims against the money. The prohibition against bulk sales is spelled out in the Uniform Commercial Code -- and laws modeled on the UCC have been generally adopted throughout the country.

COLLECTION AGENCY

A company hired by a creditor to collect a debt that it is owed. Creditors typically hire a collection agency only after they have made efforts to collect the d... (more...)

A company hired by a creditor to collect a debt that it is owed. Creditors typically hire a collection agency only after they have made efforts to collect the debt themselves, typically through letters (called 'dunning' letters) and telephone calls. Collection agencies are regulated by the federal Fair Debt Collection Practices Act. Unfortunately, too many collectors ignore this law.

LIMITED LIABILITY

The maximum amount a business owner can lose if the business is subject to debts, claims or other liabilities. An owner of a limited liability company (LLC) or ... (more...)

The maximum amount a business owner can lose if the business is subject to debts, claims or other liabilities. An owner of a limited liability company (LLC) or a person who invests in a corporation (a shareholder) generally stands to lose only the amount of money invested in the business. This means that if the business folds, creditors cannot seize or sell an owner's home, car, or other personal assets.

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.

CCCS

See Consumer Credit Counseling Service.

WINDING UP

The process of paying off expenses and creditors, settling accounts, and collecting and distributing (to shareholders and owners) whatever assets then remain, a... (more...)

The process of paying off expenses and creditors, settling accounts, and collecting and distributing (to shareholders and owners) whatever assets then remain, all with the ultimate goal of liquidating or closing down a corporation or partnership.

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.

TRADE DRESS

The distinctive packaging or design of a product that promotes the product and distinguishes it from other products in the marketplace -- for example, the shape... (more...)

The distinctive packaging or design of a product that promotes the product and distinguishes it from other products in the marketplace -- for example, the shape of Frangelico liqueur bottles. Trade dress can be protected under trademark law if a showing can be made that the average consumer would likely be confused as to product origin if another product were allowed to appear in similar dress.

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.

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Sequim Bankruptcy & Debt Lawyer, Washington, page 2

Sponsored Law Firm

Washington Law Group, PLLC

SPONSORED LAWYERS

Dawn L. Fleming

Deanna Lynn Melville

Deborah I. Jacobs

Denis Wayne Stearns

Erin Edinger

Esther Ann Snowden

Evelyn L Foss

Gail Marie Sumpter

Gail I. Neske

Hugh Haffner

TIPS

LEGAL TERMS

BULK SALES LAW

COLLECTION AGENCY

LIMITED LIABILITY

SOLE PROPRIETORSHIP

CCCS

WINDING UP

LIABILITY

TRADE DRESS

PROCEEDS FOR DAMAGED EXEMPT PROPERTY

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