Lane County, OR Reorganization Lawyers

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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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Raymond J. Bradley

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Accident & Injury, Car Accident, Personal Injury, Admiralty & Maritime, Wrongful Death

Since 1970, the Law Offices of Ray Bradley has distinguished itself as one of the premier Personal Injury law firms in Eugene, OR, Portland Oregon, an... (more)

FREE CONSULTATION

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800-745-6310

700 Lawrence St, Eugene, OR 97401

Wilson "Bo" Muhlheim

Corporate, Credit & Debt, Bankruptcy Litigation, Bankruptcy

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88 East Broadway, Eugene, OR 97401

Hugh Duvall

Military, White Collar Crime, DUI-DWI, Criminal

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FREE CONSULTATION

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856 Olive Street, Eugene, OR 97401

Joe Metcalfe

Computer Law, Copyright, Criminal, DUI-DWI

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FREE CONSULTATION

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856 Olive Street, Eugene, OR 97401

Gloria J. Trainor

Products Liability, Personal Injury, Mental Health, Litigation, Mass Torts

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975 Oak Street, Citizen's Building, Eugene, OR 97401

Travis L. Sydow

Wills & Probate, Securities, Franchising, Banking & Finance

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CONTACT

4710 Village Plaza Loop, Eugene, OR 97401

Marianne G. Dugan

Environmental Law, Employment, Consumer Rights, Civil Rights, Credit & Debt

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CONTACT

259 E. 5th Ave., Eugene, OR 97401

Natalie C. Scott

Federal Appellate Practice, Children's Rights, Bankruptcy Litigation, Bankruptcy

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The Scott Law Group, Eugene, OR 97401

David A. Hill

Traffic, DUI-DWI, Criminal

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FREE CONSULTATION

CONTACT

1147 High Street, Eugene, OR 97401

Jacob K. Clifton

Wills & Probate, Estate Planning, Business Organization, Administrative Law

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CONTACT

975 Oak Street, Citizen's Building, Eugene, OR 97401

800-814-6700

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LEGAL TERMS

PRIORITY DEBT

A type of debt that is paid first if there are distributions made from the bankruptcy estate in a Chapter 7 bankruptcy, and must be paid in full in a Chapter 13... (more...)

A type of debt that is paid first if there are distributions made from the bankruptcy estate in a Chapter 7 bankruptcy, and must be paid in full in a Chapter 13 bankruptcy. Priority debts include alimony and child support, fees owed to the trustee and the attorney in the bankruptcy case, and wages owed to employees.

COLLATERAL

Property that guarantees payment of a secured debt.

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.

DISCHARGEABLE DEBTS

Debts that can be erased by going through bankruptcy. Most debts incurred prior to declaring bankruptcy are dischargeable, including back rent, credit card bill... (more...)

Debts that can be erased by going through bankruptcy. Most debts incurred prior to declaring bankruptcy are dischargeable, including back rent, credit card bills and medical bills. Compare nondischargeable debts.

DEBIT CARD

A card issued by a bank that combines the functions of an ATM card and checks. A debit card can be used to withdraw cash at a bank like an ATM card, and it can ... (more...)

A card issued by a bank that combines the functions of an ATM card and checks. A debit card can be used to withdraw cash at a bank like an ATM card, and it can also be used at stores to pay for goods and services in place of a check. Unlike a credit card, a debit card automatically withdraws money from your checking account at the time of the transaction. Debit cards are regulated by the Electronic Funds Transfer Act.

FRATERNAL BENEFIT SOCIETY BENEFITS

These are benefits, often group life insurance, paid for by fraternal societies to their members. Elks, Masons or Knights of Columbus are common fraternal socie... (more...)

These are benefits, often group life insurance, paid for by fraternal societies to their members. Elks, Masons or Knights of Columbus are common fraternal societies that provide benefits. Also called benefit society, benevolent society or mutual aid association benefits. Under bankruptcy laws, these benefits are virtually always considered exempt property.

PRESUMED ABUSE

In a Chapter 7 bankruptcy, when the debtor's current monthly income exceeds the family median income for his or her state and he or she cannot pass the means te... (more...)

In a Chapter 7 bankruptcy, when the debtor's current monthly income exceeds the family median income for his or her state and he or she cannot pass the means test, the court will presume that the debtor has sufficient income to fund a Chapter 13 plan. In this situation, the debtor will not be allowed to proceed with a Chapter 7 bankruptcy unless the debtor can prove that he or she is not abusing the Chapter 7 bankruptcy remedy.

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.

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Lane County, OR Reorganization Lawyers

Sponsored Law Firm

Leavy Schultz Davis, P.S.

SPONSORED LAWYERS

Raymond J. Bradley

Wilson "Bo" Muhlheim

Hugh Duvall

Joe Metcalfe

Gloria J. Trainor

Travis L. Sydow

Marianne G. Dugan

Natalie C. Scott

David A. Hill

Jacob K. Clifton

TIPS

LEGAL TERMS

PRIORITY DEBT

COLLATERAL

BANKRUPTCY

REAFFIRMATION

DISCHARGEABLE DEBTS

DEBIT CARD

FRATERNAL BENEFIT SOCIETY BENEFITS

PRESUMED ABUSE

NONEXEMPT PROPERTY

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