Tacoma Bankruptcy & Debt Lawyer, Washington, page 4

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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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Joanna Sennett Monroe

Litigation, Labor Law, Corporate, Collection

Status: In Good Standing Licensed: 30 Years

CONTACT

1309 W Mount Dr, Tacoma, WA 98466

Jonathan A. Baner

Landlord-Tenant, Civil Rights, Contract, Administrative Law, Collection

Status: In Good Standing Licensed: 14 Years

CONTACT

4007 Bridgeport Way W, Tacoma, WA 98466

Douglas Jay Lineberry

Landlord-Tenant, Estate Planning, Business, Bankruptcy

Status: In Good Standing

CONTACT

Tacoma, WA 98401

Kathleen V Shoemaker

Bankruptcy, Bankruptcy & Debt

Status: In Good Standing Licensed: 27 Years

CONTACT

6824 19Th St W, Tacoma, WA 98466

James Francis Dart

Bankruptcy, Bankruptcy & Debt

Status: In Good Standing Licensed: 38 Years

CONTACT

6824 19Th St W, Tacoma, WA 98466

Charles Wayne Dent

Tax, Entertainment, Corporate, Commercial Bankruptcy

Status: In Good Standing Licensed: 34 Years

CONTACT

3318 Bridgeport Way W, Tacoma, WA 98466

John Michael Mccrady

Commercial Real Estate, Land Use & Zoning, Insurance, Credit & Debt

Status: In Good Standing Licensed: 39 Years

CONTACT

5350 Orchard St W, Tacoma, WA 98467

Robert E Critchfield

International Tax, Estate Planning, Business & Trade, Commercial Bankruptcy

Status: In Good Standing

CONTACT

Tacoma, WA 98401

Sandra Jean Rovai

International Tax, Estate Planning, Business & Trade, Commercial Bankruptcy

Status: Suspended Licensed: 32 Years

CONTACT

Tacoma, WA 98401

Joseph Harold Gordon

Landlord-Tenant, Dispute Resolution, Civil Rights, Collection

Status: In Good Standing Licensed: 90 Years

CONTACT

Tacoma, WA 98401

800-923-0641

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LEGAL TERMS

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.

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.

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.

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.

PRESUMED ABUSE

In a Chapter 7 bankruptcy, when the debtor's current monthly income exceeds the family median income for his or her state and he or she cannot pass the means te... (more...)

In a Chapter 7 bankruptcy, when the debtor's current monthly income exceeds the family median income for his or her state and he or she cannot pass the means test, the court will presume that the debtor has sufficient income to fund a Chapter 13 plan. In this situation, the debtor will not be allowed to proceed with a Chapter 7 bankruptcy unless the debtor can prove that he or she is not abusing the Chapter 7 bankruptcy remedy.

ABUSE

Misuse of the Chapter 7 bankruptcy remedy. This term is typically applied to Chapter 7 bankruptcy filings that should have been filed under Chapter 13, because ... (more...)

Misuse of the Chapter 7 bankruptcy remedy. This term is typically applied to Chapter 7 bankruptcy filings that should have been filed under Chapter 13, because the debtor appears to have enough disposable income to fund a Chapter 13 repayment plan.

CREDIT BUREAU

A private, profit-making company that collects and sells information about a person's credit history. Typical clients include banks, mortgage lenders and credit... (more...)

A private, profit-making company that collects and sells information about a person's credit history. Typical clients include banks, mortgage lenders and credit card companies that use the information to screen applicants for loans and credit cards. There are three major credit bureaus, Equifax, Experian and Trans Union, and they are regulated by the federal Fair Credit Reporting Act.

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.

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.

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Tacoma Bankruptcy & Debt Lawyer, Washington, page 4

Sponsored Law Firm

Leavy Schultz Davis, P.S.

SPONSORED LAWYERS

Joanna Sennett Monroe

Jonathan A. Baner

Douglas Jay Lineberry

Kathleen V Shoemaker

James Francis Dart

Charles Wayne Dent

John Michael Mccrady

Robert E Critchfield

Sandra Jean Rovai

Joseph Harold Gordon

TIPS

LEGAL TERMS

SOLE PROPRIETORSHIP

C CORPORATION

WORKOUT

REAFFIRMATION

PRESUMED ABUSE

ABUSE

CREDIT BUREAU

WINDING UP

SUBROGATION

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