Connell Workout Lawyer, Washington, page 4

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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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2. Email
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Jan Robert Armstrong

Estate Planning, Elder Law, Credit & Debt

Status: Licensed: 47 Years

CONTACT

660 Swift Blvd, Richland, WA 99352

Maryanne Spence

Commercial Bankruptcy, Commercial Real Estate, Real Estate

Status: Licensed: 46 Years

CONTACT

503 Knight St, Richland, WA 99352

Derek Ray Johnson

Corporate, International Tax, Estate Planning, Commercial Bankruptcy

Status: Licensed: 11 Years

CONTACT

503 Knight St, Richland, WA 99352

Jacquelyn A. Brandt

Commercial Bankruptcy, Commercial Real Estate, Real Estate

Status: Licensed: 41 Years

CONTACT

2405 W Clearwater Ave, Kennewick, WA 99336

Erica Davis

Landlord-Tenant, Criminal, Bankruptcy & Debt

Status:

CONTACT

n/a, Kennewick, WA 99336

Nicholas Alexander Breen

Bankruptcy, Bankruptcy & Debt

Status: Licensed: 16 Years

CONTACT

5615 Broadway, Everett, WA 98203

Becky L. Black

Commercial Bankruptcy, Commercial Real Estate, Real Estate

Status: Licensed: 90 Years

CONTACT

510 N Colorado St, Kennewick, WA 99336

Angela Rose Herman

Commercial Bankruptcy, Commercial Real Estate, Dispute Resolution, Personal Injury, Real Estate

Status: Licensed: 45 Years

CONTACT

8109 W Grandridge Blvd, Kennewick, WA 99336

Keeley LuAnne Wagner

Commercial Bankruptcy, Contract, Construction, Business

Status: Licensed: 45 Years

CONTACT

3912 W Okanogan Ave, Kennewick, WA 99336

Julie Ann Seylor

Commercial Bankruptcy, Litigation, Federal, Commercial Real Estate

Status: Licensed: 45 Years

CONTACT

510 N Colorado St, Kennewick, WA 99336

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LEGAL TERMS

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.

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.

TRADE NAME

The official name of a business, the one it uses on its letterhead and bank account when not dealing with consumers.

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 LIABILITY

The maximum amount a business owner can lose if the business is subject to debts, claims or other liabilities. An owner of a limited liability company (LLC) or ... (more...)

The maximum amount a business owner can lose if the business is subject to debts, claims or other liabilities. An owner of a limited liability company (LLC) or a person who invests in a corporation (a shareholder) generally stands to lose only the amount of money invested in the business. This means that if the business folds, creditors cannot seize or sell an owner's home, car, or other personal assets.

FCBA

See Fair Credit Billing Act.

CREDIT COUNSELING

Counseling that explores the possibility of repaying debts outside of bankruptcy and educates the debtor about credit, budgeting, and financial management. Unde... (more...)

Counseling that explores the possibility of repaying debts outside of bankruptcy and educates the debtor about credit, budgeting, and financial management. Under the new bankruptcy law, a debtor must undergo credit counseling with an approved provider before filing for bankruptcy.

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.

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.

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Connell Workout Lawyer, Washington, page 4

Sponsored Law Firm

Leavy Schultz Davis, P.S.

SPONSORED LAWYERS

Jan Robert Armstrong

Maryanne Spence

Derek Ray Johnson

Jacquelyn A. Brandt

Erica Davis

Nicholas Alexander Breen

Becky L. Black

Angela Rose Herman

Keeley LuAnne Wagner

Julie Ann Seylor

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LEGAL TERMS

NONEXEMPT PROPERTY

SOLE PROPRIETORSHIP

TRADE NAME

PREFERENCE

LIMITED LIABILITY

FCBA

CREDIT COUNSELING

CREDIT BUREAU

WORKOUT

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