Whatcom County, WA Bankruptcy & Debt Lawyers

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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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Steven C. Hathaway

Real Estate, Bankruptcy, Bankruptcy & Debt

Status: In Good Standing

CONTACT

3811 Consolidation Avenue, Bellingham, WA 98227

Mary Christina Thomson

Status: In Good Standing Licensed: 25 Years

CONTACT

838 Christian Way, Bellingham, WA 98229

Lee Grochmal

Real Estate Other, Criminal, Elder Law, Bankruptcy

Status: In Good Standing

CONTACT

311 Grand Avenue, Bellingham, WA 98225

Mary Christina Thomson

Status: In Good Standing Licensed: 25 Years

CONTACT

838 Christian Way, Bellingham, WA 98229

Halfred Martin Hofherr

Intellectual Property, Estate Planning, Corporate, Commercial Bankruptcy

Status: In Good Standing Licensed: 46 Years

CONTACT

Blaine, WA 98231

Thomas Hughes Flattery

Landlord-Tenant, Land Use & Zoning, Business & Trade, Commercial Bankruptcy

Status: Inactive Licensed: 45 Years

CONTACT

3946 Cliffside Dr, Bellingham, WA 98225

Philip Angelo Serka

Commercial Real Estate, Land Use & Zoning, Business & Trade, Commercial Bankruptcy

Status: In Good Standing

CONTACT

400 N Commercial St, Bellingham, WA 98225

Mitchell Gene Faber

Commercial Real Estate, Corporate, Contract, Commercial Bankruptcy

Status: In Good Standing

CONTACT

400 N Commercial St, Bellingham, WA 98225

Emily Rose Mowrey

Commercial Real Estate, Estate Planning, Corporate, Credit & Debt

Status: In Good Standing

CONTACT

1313 E Maple St, Bellingham, WA 98225

Nancy Carol Ivarinen

Estate Planning, Family Law, Civil Rights, Collection

Status: In Good Standing

CONTACT

1504 Broadway St, Bellingham, WA 98225

800-923-0641

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LEGAL TERMS

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.

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.

GARNISHMENT

A court-ordered process that takes property from a person to satisfy a debt. For example, a person who owes money to a creditor may have her wages garnished if ... (more...)

A court-ordered process that takes property from a person to satisfy a debt. For example, a person who owes money to a creditor may have her wages garnished if she loses a lawsuit filed by the creditor. Up to 25% of a person's wages can be deducted.

SETOFF

A claim made by someone who allegedly owes money, that the amount should be reduced because the other person owes him money. This is often raised in a countercl... (more...)

A claim made by someone who allegedly owes money, that the amount should be reduced because the other person owes him money. This is often raised in a counterclaim filed by a defendant in a lawsuit. Banks may try to exercise a setoff by taking money out of a deposit account to satisfy past due payments on a loan or credit card bill. Such an act is illegal under most circumstances.

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.

REDEMPTION

In Chapter 7 bankruptcy, when the debtor obtains legal title to collateral for a debt by paying the creditor the replacement value of the collateral in a lump s... (more...)

In Chapter 7 bankruptcy, when the debtor obtains legal title to collateral for a debt by paying the creditor the replacement value of the collateral in a lump sum. For example, a debtor may redeem a car note by paying the lender the amount a retail vendor would charge for the car, considering its age and condition.

CREDIT REPORT

An account of your credit history, prepared by a credit bureau. A credit report will contain both credit history, such as what you owe to whom and whether you m... (more...)

An account of your credit history, prepared by a credit bureau. A credit report will contain both credit history, such as what you owe to whom and whether you make the payments on time, as well as personal history, such as your former addresses, employment record and lawsuits in which you have been involved. An estimated 50% of all credit reports contain errors, such as accounts that don't belong to you, an incorrect account status or information reported that is older than seven years (ten years in the case of a bankruptcy).

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Whatcom County, WA Bankruptcy & Debt Lawyers

Sponsored Law Firm

Washington Law Group, PLLC

SPONSORED LAWYERS

Steven C. Hathaway

Mary Christina Thomson

Lee Grochmal

Mary Christina Thomson

Halfred Martin Hofherr

Thomas Hughes Flattery

Philip Angelo Serka

Mitchell Gene Faber

Emily Rose Mowrey

Nancy Carol Ivarinen

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LEGAL TERMS

PREFERENCE

LIMITED PARTNERSHIP

COLLATERAL

GARNISHMENT

SETOFF

BANKRUPTCY

FCBA

REDEMPTION

CREDIT REPORT

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