Whatcom County, WA Bankruptcy & Debt Lawyers, page 2

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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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Jack H Grant

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

Status: In Good Standing Licensed: 42 Years

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114 West Magnolia Street, Bellingham, WA 98225

Joanne S Beeson

Insurance, Corporate, Contract, Commercial Bankruptcy, Criminal

Status: In Good Standing Licensed: 23 Years

CONTACT

1685 H St, Blaine, WA 98230

Joseph C Abbott

Foreclosure, Estate Planning, Business & Trade, Commercial Bankruptcy

Status: In Good Standing Licensed: 51 Years

CONTACT

Everson, WA 98247

Karen Leigh Funston

Tax, Employment Discrimination, Non-profit, Commercial Bankruptcy

Status: In Good Standing Licensed: 26 Years

CONTACT

1601 F St, Bellingham, WA 98225

Karen Lynn Mullen

Bankruptcy

Status: Inactive Licensed: 46 Years

CONTACT

7 Tumbling Water Dr, Bellingham, WA 98229

Katherine Dorothy Deets

Estate Planning, Business & Trade, Corporate, Commercial Bankruptcy

Status: In Good Standing Licensed: 21 Years

CONTACT

1500 Railroad Ave, Bellingham, WA 98225

Kerena Alessandra Higgins

Election & Political, Workers' Compensation, Contract, Bankruptcy

Status: In Good Standing Licensed: 23 Years

CONTACT

2211 Rimland Drive, Bellingham, WA 98226

Kirsten D. Barron

Land Use & Zoning, Employment Discrimination, Corporate, Commercial Bankruptcy

Status: In Good Standing Licensed: 31 Years

CONTACT

300 N Commercial St, Bellingham, WA 98227

Larry Daugert

Commercial Real Estate, Land Use & Zoning, Contract, Collection

Status: Inactive Licensed: 52 Years

CONTACT

300 N Commercial St, Bellingham, WA 98227

Laughlan Hunter Clark

Land Use & Zoning, Construction, Business & Trade, Credit & Debt

Status: In Good Standing Licensed: 44 Years

CONTACT

1700 D St, Bellingham, WA 98227

800-923-0641

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LEGAL TERMS

CHAPTER 7 BANKRUPTCY

The most familiar type of bankruptcy, in which many or all of your debts are wiped out completely in exchange for giving up your nonexempt property. Chapter 7 b... (more...)

The most familiar type of bankruptcy, in which many or all of your debts are wiped out completely in exchange for giving up your nonexempt property. Chapter 7 bankruptcy takes from three to six months, costs about $200, and commonly requires only one trip to the courthouse.

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.

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.

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.

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.

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.

NUISANCE FEES

Money charged by some credit card companies to increase their profits when you fail to use the card the way the creditor wants. Examples include late payment fe... (more...)

Money charged by some credit card companies to increase their profits when you fail to use the card the way the creditor wants. Examples include late payment fees, inactivity fees and fees for not carrying a balance from month to month. It's best to shop around and get rid of cards that have these fees attached.

SECURED DEBT

A debt on which a creditor has a lien. The creditor can institute a foreclosure or repossession to take the property identified by the lien, called the collater... (more...)

A debt on which a creditor has a lien. The creditor can institute a foreclosure or repossession to take the property identified by the lien, called the collateral, to satisfy the debt if you default. Compare unsecured debt.

DEFINED CONTRIBUTION PLAN

A type of pension plan that does not guarantee any particular pension amount upon retirement. Instead, the employer pays into the pension fund a certain amount ... (more...)

A type of pension plan that does not guarantee any particular pension amount upon retirement. Instead, the employer pays into the pension fund a certain amount every month, or every year, for each employee. The employer usually pays a fixed percentage of an employee's wages or salary, although sometimes the amount is a fraction of the company's profits, with the size of each employee's pension share depending on the amount of wage or salary. Upon retirement, each employee's pension is determined by how much was contributed to the fund on behalf of that employee over the years, plus whatever earnings that money has accumulated as part of the investments of the entire pension fund.

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Whatcom County, WA Bankruptcy & Debt Lawyers, page 2

Sponsored Law Firm

Washington Law Group, PLLC

SPONSORED LAWYERS

Jack H Grant

Joanne S Beeson

Joseph C Abbott

Karen Leigh Funston

Karen Lynn Mullen

Katherine Dorothy Deets

Kerena Alessandra Higgins

Kirsten D. Barron

Larry Daugert

Laughlan Hunter Clark

TIPS

LEGAL TERMS

CHAPTER 7 BANKRUPTCY

401(K) PLAN

ABUSE

C CORPORATION

NONPROFIT CORPORATION

MEANS TEST

NUISANCE FEES

SECURED DEBT

DEFINED CONTRIBUTION PLAN

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