Wellpinit Bankruptcy & Debt Lawyer, Washington, page 3

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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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Arthur K. Hayashi

Bankruptcy, Family Law, State Government

Status: Inactive Licensed: 44 Years

CONTACT

3716 E 49Th Ave, Spokane, WA 99223

Aubrey Anne Seffernick

Litigation, Indians & Native Populations, Corporate, Commercial Bankruptcy

Status: In Good Standing Licensed: 18 Years

CONTACT

934 S Garfield Rd, Airway Heights, WA 99001

B Gay McGrath

Commercial Bankruptcy, Commercial Real Estate, Real Estate

Status: Inactive Licensed: 64 Years

CONTACT

136 E Rockwood Blvd, Spokane, WA 99202

Bea Andrus

Commercial Bankruptcy, Commercial Real Estate, Insurance, Personal Injury

Status: Inactive Licensed: 60 Years

CONTACT

Spokane, WA 99209

Becky A. Capehart

Commercial Bankruptcy, Commercial Real Estate, Real Estate

Status: In Good Standing Licensed: 55 Years

CONTACT

1010 N Normandie St, Spokane, WA 99201

Benjamin Sanford Coleman

Corporate, Civil Rights, Malpractice, Commercial Bankruptcy

Status: In Good Standing Licensed: 23 Years

CONTACT

4519 S Perry St, Spokane, WA 99223

Benjamin Donald Phillabaum

Landlord-Tenant, Estate Planning, Contract, Collection

Status: In Good Standing Licensed: 10 Years

CONTACT

1235 N. Post Street, Spokane, WA 99201

Benjamin D Platt

Family Law, Divorce & Family Law, Criminal, Bankruptcy & Debt, Dispute Resolution

Status: In Good Standing

CONTACT

1618 W Dean Ave, Spokane, WA 99201

Beth Louise Harrison

Commercial Bankruptcy, Commercial Real Estate, Litigation, Construction

Status: In Good Standing Licensed: 45 Years

CONTACT

10320 E Desmet Ave, Spokane, WA 99206

Bette J. Teter

Commercial Bankruptcy, Commercial Real Estate, Real Estate

Status: Inactive Licensed: 103 Years

CONTACT

Nine Mile Falls, WA 99026

800-923-0641

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LEGAL TERMS

AUTOMATIC STAY

An injunction automatically issued by the bankruptcy court when a debtor files for bankruptcy. The automatic stay prohibits most creditor collection activities,... (more...)

An injunction automatically issued by the bankruptcy court when a debtor files for bankruptcy. The automatic stay prohibits most creditor collection activities, such as filing or continuing lawsuits, making written requests for payment, or notifying credit reporting bureaus of an unpaid debt.

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.

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.

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.

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.

COSIGNER

A person who signs his or her name to a loan agreement, lease or credit application. If the primary debtor does not pay, the cosigner is fully responsible for t... (more...)

A person who signs his or her name to a loan agreement, lease or credit application. If the primary debtor does not pay, the cosigner is fully responsible for the loan or debt. Many people use cosigners to qualify for a loan or credit card. Landlords may require a cosigner when renting to a student or someone with a poor credit history.

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.

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.

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.

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Wellpinit Bankruptcy & Debt Lawyer, Washington, page 3

Sponsored Law Firm

Leavy Schultz Davis, P.S.

SPONSORED LAWYERS

Arthur K. Hayashi

Aubrey Anne Seffernick

B Gay McGrath

Bea Andrus

Becky A. Capehart

Benjamin Sanford Coleman

Benjamin Donald Phillabaum

Benjamin D Platt

Beth Louise Harrison

Bette J. Teter

TIPS

LEGAL TERMS

AUTOMATIC STAY

SOLE PROPRIETORSHIP

PROCEEDS FOR DAMAGED EXEMPT PROPERTY

BANKRUPTCY

REAFFIRMATION

COSIGNER

FRAUDULENT TRANSFER

NONEXEMPT PROPERTY

CREDIT BUREAU

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