Lynden Bankruptcy 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
3. Refer
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6. Website
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Includes: Bankruptcy Litigation, Commercial Bankruptcy, Consumer Bankruptcy, Dissolution

Heather Ledray

Commercial Bankruptcy, Commercial Real Estate, Real Estate

Status: Licensed: 106 Years

CONTACT

2011 Young St, Bellingham, WA 98225

Howard E. Engle

Bankruptcy

Status: Licensed: 64 Years

CONTACT

1134 Finnegan Way, Bellingham, WA 98225

Jack H Grant

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

Status: Licensed: 43 Years

CONTACT

114 West Magnolia Street, Bellingham, WA 98225

Jacob Christopher Holland

Bankruptcy, Criminal, Family Law, Litigation, Credit & Debt

Status: Licensed: 9 Years

CONTACT

Bellingham, WA 98227

Jacob Degraaff

Foreclosure, Consumer Bankruptcy, Bankruptcy, Bankruptcy & Debt

Status:

CONTACT

301 Prospect St, Bellingham, WA 98225

Jacqueline H Bennett

Commercial Bankruptcy, Commercial Real Estate, Real Estate

Status: Licensed: 61 Years

CONTACT

1817 Pine Cir, Lynden, WA 98264

James Patrick Sutton

Bankruptcy, Business, Criminal, Federal Appellate Practice, Litigation

Status: Licensed: 102 Years

CONTACT

103 E Holly St, Bellingham, WA 98225

James Mitchell Concannon

Commercial Bankruptcy, Commercial Real Estate, Real Estate

Status: Licensed: 45 Years

CONTACT

1835 Barkley Blvd, Bellingham, WA 98226

Janice L. Verburg

Commercial Bankruptcy, Administrative Law, Bankruptcy, Personal Injury

Status: Licensed: 59 Years

CONTACT

3428 Deer Pointe Ct, Bellingham, WA 98226

Janis L. Sutherland

Commercial Bankruptcy, Commercial Real Estate, Contract, Litigation

Status: Licensed: 55 Years

CONTACT

2011 Young St, Bellingham, WA 98225

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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.

FDCPA

See Fair Debt Collections & Practices Act.

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.

CHAPTER 13 PLAN

A document filed in a Chapter 13 bankruptcy in which the debtor shows how all of his or her disposable income will be used over a three- to five-year period to ... (more...)

A document filed in a Chapter 13 bankruptcy in which the debtor shows how all of his or her disposable income will be used over a three- to five-year period to pay all mandatory debts -- for example, back child support, taxes, and mortgage arrearages -- as well as some or all unsecured, nonpriority debts, such as medical and credit card bills.

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.

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.

CURRENT MONTHLY INCOME

As defined by the new bankruptcy law, a bankruptcy filer's total gross income (whether taxable or not), averaged over the six-month period immediately preceding... (more...)

As defined by the new bankruptcy law, a bankruptcy filer's total gross income (whether taxable or not), averaged over the six-month period immediately preceding the bankruptcy filing. The debtor's current monthly income is used to determine whether the debtor can file for Chapter 7 bankruptcy, among other things.

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.

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.

SAMPLE LEGAL CASES

Miller v. Campbell

... OWENS, J. Â¶ 1 We originally granted review of this case to determine whether judicial estoppel should apply to prevent a plaintiff from pursuing a claim of childhood sexual abuse after he failed to disclose the claim as an asset in prior chapter 7 bankruptcy proceedings. ...

Baldwin v. Silver

... SWEENEY, J. Â¶ 1 The equitable doctrine of judicial estoppel precludes, among other things, a party from later asserting a claim that it failed to list in bankruptcy schedules. ... 172 Â¶ 4 The Silvers filed for chapter 7 bankruptcy in February 2007. ...

Krueger v. Tippett

... 3 The Kruegers filed for bankruptcy in 1981. In 1985, the bankruptcy trustee entered into an agreement with the Tippetts. The agreement abandoned the bankruptcy estate's interest in the life insurance policy and some other Krueger assets. ...

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Lynden Bankruptcy Lawyer, Washington, page 4

Sponsored Law Firm

Leavy Schultz Davis, P.S.

SPONSORED LAWYERS

Heather Ledray

Howard E. Engle

Jack H Grant

Jacob Christopher Holland

Jacob Degraaff

Jacqueline H Bennett

James Patrick Sutton

James Mitchell Concannon

Janice L. Verburg

Janis L. Sutherland

TIPS

LEGAL TERMS

PREFERENCE

FDCPA

REAFFIRMATION

CHAPTER 13 PLAN

SOLE PROPRIETORSHIP

C CORPORATION

CURRENT MONTHLY INCOME

SECURED DEBT

FRAUDULENT TRANSFER

SAMPLE LEGAL CASES

Miller v. Campbell

Baldwin v. Silver

Krueger v. Tippett

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