Thurston County, WA Bankruptcy & Debt Lawyers, page 5

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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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Alan Craig Anderson

Collection, Personal Injury, Family Law, Litigation

Status: In Good Standing Licensed: 36 Years

CONTACT

3117 Capitol Blvd SW, Olympia, WA 98501

Sean Walsh

Bankruptcy, Business & Trade, Commercial Bankruptcy, Administrative Law

Status: In Good Standing Licensed: 17 Years

CONTACT

975 Carpenter Rd Ne, Lacey, WA 98516

Cynthia Tisdale Sanderson

State Government, Business & Trade, Administrative Law, Commercial Bankruptcy

Status: In Good Standing Licensed: 22 Years

CONTACT

1805 6Th Ave Sw, Olympia, WA 98502

Sarah Rieko Maclean

Contract, State Government, Commercial Bankruptcy, Business & Trade

Status: In Good Standing Licensed: 76 Years

CONTACT

415 12Th Ave Sw, Olympia, WA 98501

Cathy Vertrees Canorro

Estate Planning, Business & Trade, Contract, Commercial Bankruptcy

Status: In Good Standing Licensed: 49 Years

CONTACT

Olympia, WA 98508

Bev J Yokoyama

Wills & Probate, Credit & Debt, Collection, Bankruptcy & Debt

Status: In Good Standing Licensed: 27 Years

CONTACT

1202 Devon Loop Ne, Lacey, WA 98506

Michael David Kearney

Land Use & Zoning, Estate Planning, Environmental Law Other, Bankruptcy

Status: In Good Standing Licensed: 11 Years

CONTACT

2627 Trevue Ave Sw, Olympia, WA 98512

Heather T Christenson

Land Use & Zoning, Life & Health, Corporate, Commercial Bankruptcy

Status: In Good Standing Licensed: 26 Years

CONTACT

324 W Bay Dr Nw, Olympia, WA 98502

Douglas Dunbar Walsh

Litigation, Civil Rights, Administrative Law, Consumer Bankruptcy

Status: In Good Standing Licensed: 44 Years

CONTACT

7310 Steamboat Island Rd Nw, Olympia, WA 98502

Jill Elaine Collins

Consumer Bankruptcy

Status: In Good Standing Licensed: 26 Years

CONTACT

521 Union Ave Se, Olympia, WA 98501

800-923-0641

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Lawyer.com can help you easily and quickly find Washington Bankruptcy & Debt Lawyers and Washington Bankruptcy & Debt Law Firms. Find Bankruptcy & Debt attorneys by major city or select a city from the list of all Washington cities. Alternatively you can search for Bankruptcy & Debt attorneys for all Washington cities or search by county. You may also also find it useful to refine your search by specific Bankruptcy & Debt practice areas such as Bankruptcy, Collection, Credit & Debt, Reorganization and Workout matters.

LEGAL TERMS

LIMITED PARTNERSHIP

A business structure that allows one or more partners (called limited partners) to enjoy limited personal liability for partnership debts while another partner ... (more...)

A business structure that allows one or more partners (called limited partners) to enjoy limited personal liability for partnership debts while another partner or partners (called general partners) have unlimited personal liability. The key difference between a general and limited partner concerns management decision making--general partners run the business, and limited partners, who are usually passive investors, are not allowed to make day-to-day business decisions. If they do, they risk being treated as general partners with unlimited personal liability.

COLLATERAL

Property that guarantees payment of a secured debt.

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.

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.

ACCORD AND SATISFACTION

An agreement to settle a contract dispute by accepting less than what's due. This procedure is often used by creditors who want to cut their losses by collectin... (more...)

An agreement to settle a contract dispute by accepting less than what's due. This procedure is often used by creditors who want to cut their losses by collecting as much money as they can from debtors who cannot pay the full amount.

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.

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.

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.

DISPOSABLE INCOME

The difference between a debtor's current monthly income and allowable expenses. This is the amount that the new bankruptcy law deems available to pay into a Ch... (more...)

The difference between a debtor's current monthly income and allowable expenses. This is the amount that the new bankruptcy law deems available to pay into a Chapter 13 plan.

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Thurston County, WA Bankruptcy & Debt Lawyers, page 5

Sponsored Law Firm

Leavy Schultz Davis, P.S.

SPONSORED LAWYERS

Alan Craig Anderson

Sean Walsh

Cynthia Tisdale Sanderson

Sarah Rieko Maclean

Cathy Vertrees Canorro

Bev J Yokoyama

Michael David Kearney

Heather T Christenson

Douglas Dunbar Walsh

Jill Elaine Collins

TIPS

LEGAL TERMS

LIMITED PARTNERSHIP

COLLATERAL

S CORPORATION

MEANS TEST

ACCORD AND SATISFACTION

PREFERENCE

BANKRUPTCY

WORKOUT

DISPOSABLE INCOME

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