Startup Bankruptcy & Debt Lawyer, Washington, page 2

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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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William R. Trippett

Employment Discrimination, Contract, Bankruptcy, Personal Injury

Status: Licensed: 54 Years

CONTACT

23260 Ne Union Hill Road, Kirkland, WA 98053

Patrick James Layman

Estate, Contract, Credit & Debt, Collection

Status: Licensed: 51 Years

CONTACT

23925 Ne 115Th Ln, Kirkland, WA 98053

Ryan Douglas Nichols

Corporate, Entertainment, Commercial Bankruptcy, Intellectual Property

Status: Licensed: 14 Years

CONTACT

23515 Ne Novelty Hill Rd, Kirkland, WA 98053

Melissa Angel Bunney

Commercial Bankruptcy, Commercial Real Estate, Real Estate

Status: Licensed: 45 Years

CONTACT

11710 Meridian Pl Se, Lake Stevens, WA 98258

Carol J. Haire

Commercial Bankruptcy, Commercial Real Estate, Real Estate

Status: Licensed: 37 Years

CONTACT

2713 S Lake Stevens Rd, Lake Stevens, WA 98258

JoAnn R. Hughes

Commercial Bankruptcy, Commercial Real Estate, Real Estate

Status: Licensed: 85 Years

CONTACT

12208 30Th St Ne, Lake Stevens, WA 98258

Terry Lyn Sanzo

Commercial Bankruptcy, Commercial Real Estate, Real Estate

Status: Licensed: 65 Years

CONTACT

11304 34Th St Ne, Lake Stevens, WA 98258

Branden Michael Demass

General Practice

Status: Licensed: 8 Years

CONTACT

11511 22Nd St Se, Lake Stevens, WA 98258

Sarah Barber

General Practice

Status: Licensed: 10 Years

CONTACT

Lake Stevens, WA 98258

Allison Nicole Trimble

Commercial Bankruptcy, Administrative Law, Dispute Resolution, Land Use & Zoning

Status: Licensed: 45 Years

CONTACT

31 83Rd Dr Se, Lake Stevens, WA 98258

800-814-6700

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LEGAL TERMS

ADMINISTRATIVE EXPENSES

The trustee's fee, the debtor's attorney fees, and other costs of bringing a bankruptcy case that a debtor must pay in full in a Chapter 13 repayment plan. Admi... (more...)

The trustee's fee, the debtor's attorney fees, and other costs of bringing a bankruptcy case that a debtor must pay in full in a Chapter 13 repayment plan. Administrative costs are typically 10% of the debtor's total payments under the plan.

UNSECURED DEBT

A debt that is not tied to any item of property. A creditor doesn't have the right to grab property to satisfy the debt if you default. The creditor's only reme... (more...)

A debt that is not tied to any item of property. A creditor doesn't have the right to grab property to satisfy the debt if you default. The creditor's only remedy is to sue you and get a judgment. Compare secured debt.

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.

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.

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.

CREDIT INSURANCE

Insurance a lender requires a borrower to purchase to cover the loan. If the borrower dies or becomes disabled before paying off the loan, the policy will pay o... (more...)

Insurance a lender requires a borrower to purchase to cover the loan. If the borrower dies or becomes disabled before paying off the loan, the policy will pay off the remaining balance. Federal and state consumer protection laws require the lender to disclose to existing and potential borrowers the terms and costs of obtaining credit insurance because it can affect the terms of the loan.

LIABILITY

(1) The state of being liable--that is, legally responsible for an act or omission. Example:Peri hires Paul to fix a broken pipe in her bathroom, but the new pi... (more...)

(1) The state of being liable--that is, legally responsible for an act or omission. Example:Peri hires Paul to fix a broken pipe in her bathroom, but the new pipe bursts the day after Paul installs it, ruining the bathroom floor. This raises the issue of liability: Who is responsible for the damage? Peri claims that Paul is responsible, and sues him for the cost of hiring another plumber to fix the pipe and replacing the floor. Paul, in turn, claims that the pipe manufacturer is responsible, because they supplied him with faulty materials. Both Peri and Paul must prove their claims in court; if Paul and/or the manufacturer is found liable, one or both will have to pay damages to Peri. (2) Something for which a person is liable. For example, a debt is often called a liability.

FDCPA

See Fair Debt Collections & Practices Act.

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.

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Startup Bankruptcy & Debt Lawyer, Washington, page 2

Sponsored Law Firm

Leavy Schultz Davis, P.S.

SPONSORED LAWYERS

William R. Trippett

Patrick James Layman

Ryan Douglas Nichols

Melissa Angel Bunney

Carol J. Haire

JoAnn R. Hughes

Terry Lyn Sanzo

Branden Michael Demass

Sarah Barber

Allison Nicole Trimble

TIPS

LEGAL TERMS

ADMINISTRATIVE EXPENSES

UNSECURED DEBT

LIMITED PARTNERSHIP

CREDIT BUREAU

PRIORITY DEBT

CREDIT INSURANCE

LIABILITY

FDCPA

SOLE PROPRIETORSHIP

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