Tacoma Workout Lawyer, Washington

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Jason  Newcombe Lawyer

Jason Newcombe

VERIFIED
Criminal, Divorce & Family Law, Bankruptcy & Debt, Accident & Injury, Traffic

From our offices in Seattle and throughout the state of Washington, we help families solve difficult legal problems and move on with their lives. ... (more)

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CONTACT

800-699-2370

John Anton Sterbick Lawyer

John Anton Sterbick

VERIFIED
Accident & Injury, Bankruptcy & Debt, Tax, Car Accident, Bankruptcy

For over 22 years, John A. Sterbick has been dedicated to providing thorough and experienced legal advice. Here at the Law Offices of John A. Sterbick... (more)

FREE CONSULTATION 

CONTACT

800-878-4860

Jason Scott Newcombe Lawyer

Jason Scott Newcombe

VERIFIED
Criminal, Divorce & Family Law, Bankruptcy & Debt, Accident & Injury, Traffic

From our offices in Seattle and throughout the state of Washington, we help families solve difficult legal problems and move on with their lives. W... (more)

FREE CONSULTATION 

CONTACT

206-624-3644

Travis A Gagnier

Bankruptcy, Credit & Debt
Status:  In Good Standing           Licensed:  28 Years

FREE CONSULTATION 

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Stephen Michael Hansen

Land Use & Zoning, Civil Rights, Contract, Collection
Status:  In Good Standing           

Darren Robert Krattli

Litigation, Banking & Finance, Credit & Debt, Bankruptcy
Status:  In Good Standing           Licensed:  22 Years

Randall S. Martino

Foreclosure, Electronic Commerce, Estate Planning, Bankruptcy
Status:  In Good Standing           Licensed:  29 Years

Kimberly Ann Macdonald

Bankruptcy, Bankruptcy & Debt
Status:  In Good Standing           

Annie Noelle Arbenz

Wills, Estate Planning, Business & Trade, Commercial Bankruptcy
Status:  In Good Standing           

Sheri L Nevlin

Commercial Real Estate, Foreclosure, Credit & Debt, Bankruptcy
Status:  In Good Standing           

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Easily find Tacoma Workout Lawyers and Tacoma Workout Law Firms. For more attorneys, search all Bankruptcy & Debt areas including Bankruptcy, Collection, Credit & Debt and Reorganization attorneys.

LEGAL TERMS

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.

FCBA

See Fair Credit Billing Act.

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.

CREDIT FILE

See credit report.

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.

NONPROFIT CORPORATION

A legal structure authorized by state law allowing people to come together to either benefit members of an organization (a club, or mutual benefit society) or f... (more...)
A legal structure authorized by state law allowing people to come together to either benefit members of an organization (a club, or mutual benefit society) or for some public purpose (such as a hospital, environmental organization or literary society). Nonprofit corporations, despite the name, can make a profit, but the business cannot be designed primarily for profit-making purposes, and the profits must be used for the benefit of the organization or purpose the corporation was created to help. When a nonprofit corporation dissolves, any remaining assets must be distributed to another nonprofit, not to board members. As with for-profit corporations, directors of nonprofit corporations are normally shielded from personal liability for the organization's debts. Some nonprofit corporations qualify for a federal tax exemption under _ 501(c)(3) of the Internal Revenue Code, with the result that contributions to the nonprofit are tax deductible by their donors.

PREFERENCE

A payment made by a debtor to a creditor within a defined period prior to filing for bankruptcy -- within three months for arms-length creditors (regular commer... (more...)
A payment made by a debtor to a creditor within a defined period prior to filing for bankruptcy -- within three months for arms-length creditors (regular commercial creditors) and within one year for insider creditors (friends, family members, and business associates). Because a preference gives the creditor who received the payment an edge over other creditors in the bankruptcy case, the trustee can recover the preference (the amount of the payment) and distribute it among all of the creditors.

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.

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.