Monroe Bankruptcy & Debt Lawyer, Washington

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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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Jason Newcombe

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Criminal, Divorce & Family Law, Bankruptcy & Debt, Accident & Injury, Traffic

From our offices in Seattle and throughout the state of Washington, we help families solve difficult legal problems and move on with their lives. ... (more)

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800-699-2370

1721 Hewitt Ave, Everett, WA 98201

Jason Newcombe

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Criminal, Divorce & Family Law, Bankruptcy & Debt, Accident & Injury, Traffic

From our offices in Seattle and throughout the state of Washington, we help families solve difficult legal problems and move on with their lives. ... (more)

FREE CONSULTATION

CONTACT

800-699-2370

10900 NE 8th Street, Bellevue, WA 98004

Jeffrey C. Wishko

Complex Litigation, Cleanup & Superfund, Collective Bargaining, Bankruptcy Litigation

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2918 Colby Avenue, Everett, WA 98201

Stephen Garvey

Consumer Bankruptcy, Bankruptcy, Bankruptcy & Debt

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7100 Evergreen Way, Everett, WA 98203

Thomas F McGrath

Credit & Debt

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FREE CONSULTATION

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13555 Bel Red Road, Bellevue, WA 98005

Shane Yale Rooney

Alimony & Spousal Support, Child Support, Collection, Commercial Leasing

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10900 NE. 4th Street, Bellevue, WA 98004

Edward Valentin Rivera

Bankruptcy

Status: Licensed: 35 Years

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Monroe, WA 98272

P. Jayson Thibodaux

General Practice

Status: Licensed: 17 Years

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116 Avenue A, Snohomish, WA 98290

A. Spencer Bergstedt

Estate Planning, Business & Trade, Commercial Bankruptcy, Bankruptcy

Status: Licensed: 35 Years

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Snohomish, WA 98291

P Jayson Thibodaux

Estate Planning, Divorce, Collection, Personal Injury

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116 Avenue, Snohomish, WA 98290

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LEGAL TERMS

LIEN

The right of a secured creditor to grab a specific item of property if you don't pay a debt. Liens you agree to are called security interests, and include mortg... (more...)

The right of a secured creditor to grab a specific item of property if you don't pay a debt. Liens you agree to are called security interests, and include mortgages, home equity loans, car loans and personal loans for which you pledge property to guarantee repayment. Liens created without your consent are called nonconsensual liens, and include judgment liens (liens filed by a creditor who has sued you and obtained a judgment), tax liens and mechanics liens (liens filed by a contractor who worked on your house but wasn't paid).

S CORPORATION

A term that describes a profit-making corporation organized under state law whose shareholders have applied for and received subchapter S corporation status fro... (more...)

A term that describes a profit-making corporation organized under state law whose shareholders have applied for and received subchapter S corporation status from the Internal Revenue Service. Electing to do business as an S corporation lets shareholders enjoy limited liability status, as would be true of any corporation, but be taxed like a partnership or sole proprietor. That is, instead of being taxed as a separate entity (as would be the case with a regular or C corporation) an S corporation is a pass-through tax entity: income taxes are reported and paid by the shareholders, not the S corporation. To qualify as an S corporation a number of IRS rules must be met, such as a limit of 75 shareholders and citizenship requirements.

FAIR CREDIT REPORTING ACT (FCRA)

A federal law that is designed to prevent inaccurate or obsolete information from entering or remaining in a credit report. The law requires credit bureaus to a... (more...)

A federal law that is designed to prevent inaccurate or obsolete information from entering or remaining in a credit report. The law requires credit bureaus to adopt reasonable procedures for gathering, maintaining and disseminating information and bars credit bureaus from reporting negative information that is older than seven years, except a bankruptcy, which may be reported for ten. If you notify a credit bureau of an error in your credit report, the FCRA requires the bureau to investigate your allegations within 30 days, review all information you provide, remove inaccurate and unverified information and adopt procedures to keep the information from reappearing. In addition, the law requires that creditors refrain from reporting incorrect information to credit bureaus.

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.

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.

GENERAL PARTNER

A person who joins with at least one other to own and operate a business for profit -- and who (unlike a corporation's owners), is personally liable for all the... (more...)

A person who joins with at least one other to own and operate a business for profit -- and who (unlike a corporation's owners), is personally liable for all the business's debts and obligations. A general partner's actions can legally bind the entire business. See also partnership, limited partnership.

FORBEARANCE

Voluntarily refraining from doing something, such as asserting a legal right. For example, a creditor may forbear on its right to collect a debt by temporarily ... (more...)

Voluntarily refraining from doing something, such as asserting a legal right. For example, a creditor may forbear on its right to collect a debt by temporarily postponing or reducing the borrower's payments.

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.

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.

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Monroe Bankruptcy & Debt Lawyer, Washington

Sponsored Law Firm

Leavy Schultz Davis, P.S.

SPONSORED LAWYERS

Jason Newcombe

Jason Newcombe

Jeffrey C. Wishko

Stephen Garvey

Thomas F McGrath

Shane Yale Rooney

Edward Valentin Rivera

P. Jayson Thibodaux

A. Spencer Bergstedt

P Jayson Thibodaux

TIPS

LEGAL TERMS

LIEN

S CORPORATION

FAIR CREDIT REPORTING ACT (FCRA)

CHAPTER 13 PLAN

PRIORITY DEBT

GENERAL PARTNER

FORBEARANCE

DEFINED CONTRIBUTION PLAN

LIMITED PARTNERSHIP

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