Darrington Bankruptcy & Debt Lawyer, Washington, page 6

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Jason Newcombe
About Us | Services
Washington Law Group, PLLC
1721 Hewitt Ave #521 Everett, WA 98201Â» view map
Bankruptcy & Debt, Chapter 7, Chapter 13
CONTACT US FOR A CONSULTATION

Bankruptcy is unquestionably one of the most powerful financial tools on the planet. Yet, many people struggle for years before even learning how easy it can be to qualify.

800-699-2370
1. Jason Newcombe Seattle, WA
  Attorney at Law - WA, 1999
  Boston College Law School, J.D. - 1997
2. About UsServing Washington
  Offices in Seattle, Bellevue, Tacoma, Everett, and Olympia
3. ServicesExperienced Attorneys
  We always offer a free initial consultation and case evaluation
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Sharon E. Williams Abraham

Criminal

Status: In Good Standing Licensed: 28 Years

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Duvall, WA 98019

Daren Hood Nitz

Securities, Corporate, Contract, Commercial Bankruptcy

Status: In Good Standing Licensed: 34 Years

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Snohomish, WA 98291

Kenneth A Berger

Other, Construction, Real Estate, Wills & Probate

Status: Deceased Licensed: 29 Years

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148 Woods St, Monroe, WA 98272

Terry Hood Simon

Motor Vehicle, Criminal, Corporate, Contract

Status: In Good Standing Licensed: 39 Years

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113 N Lewis St, Monroe, WA 98272

George Edward Benson

Federal

Status: In Good Standing Licensed: 46 Years

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Snohomish, WA 98291

Gary C Watkins

Commercial Real Estate, Federal, Contract, Personal Injury

Status: Inactive Licensed: 18 Years

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9629 185Th Dr Se, Snohomish, WA 98290

Terry Hood Simon

Federal, Government, Estate, Criminal

Status: In Good Standing Licensed: 39 Years

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113 N Lewis St, Monroe, WA 98272

Stephen Palmer

Divorce & Family Law, Criminal

Status: In Good Standing Licensed: 43 Years

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901 First St., Snohomish, WA 98290

David W. Hickman

Other, Lawsuit & Dispute

Status: In Good Standing Licensed: 45 Years

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19739 324Th Avenue Ne, Duvall, WA 98019

Patricia Lynne Lyon

General Practice

Status: In Good Standing Licensed: 26 Years

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14414 179Th Ave Se, Monroe, WA 98272

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LEGAL TERMS

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.

FCRA

See Fair Credit Reporting Act.

SETOFF

A claim made by someone who allegedly owes money, that the amount should be reduced because the other person owes him money. This is often raised in a countercl... (more...)

A claim made by someone who allegedly owes money, that the amount should be reduced because the other person owes him money. This is often raised in a counterclaim filed by a defendant in a lawsuit. Banks may try to exercise a setoff by taking money out of a deposit account to satisfy past due payments on a loan or credit card bill. Such an act is illegal under most circumstances.

MEANS TEST

A formula that uses predefined income and expense categories to determine whether a debtor whose current monthly income is higher than the median family income ... (more...)

A formula that uses predefined income and expense categories to determine whether a debtor whose current monthly income is higher than the median family income for his or her state should be allowed to file for Chapter 7 bankruptcy.

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.

GUARANTOR

A person who makes a legally binding promise to either pay another person's debt or perform another person's duty if that person defaults or fails to perform. T... (more...)

A person who makes a legally binding promise to either pay another person's debt or perform another person's duty if that person defaults or fails to perform. The guarantor gives a 'guaranty,' which is an assurance that the debt or other obligation will be fulfilled.

COSIGNER

A person who signs his or her name to a loan agreement, lease or credit application. If the primary debtor does not pay, the cosigner is fully responsible for t... (more...)

A person who signs his or her name to a loan agreement, lease or credit application. If the primary debtor does not pay, the cosigner is fully responsible for the loan or debt. Many people use cosigners to qualify for a loan or credit card. Landlords may require a cosigner when renting to a student or someone with a poor credit history.

TRADE NAME

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

401(K) PLAN

A deferred compensation savings program in which employees invest part of their wages, sometimes along with employer contributions, to save on taxes. No income ... (more...)

A deferred compensation savings program in which employees invest part of their wages, sometimes along with employer contributions, to save on taxes. No income taxes on the amount invested and any earnings are due until the employee withdraws money from the fund.

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Darrington Bankruptcy & Debt Lawyer, Washington, page 6

Sponsored Law Firm

Washington Law Group, PLLC

SPONSORED LAWYERS

Sharon E. Williams Abraham

Daren Hood Nitz

Kenneth A Berger

Terry Hood Simon

George Edward Benson

Gary C Watkins

Terry Hood Simon

Stephen Palmer

David W. Hickman

Patricia Lynne Lyon

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LEGAL TERMS

CURRENT MONTHLY INCOME

FCRA

SETOFF

MEANS TEST

LIMITED PARTNERSHIP

GUARANTOR

COSIGNER

TRADE NAME

401(K) PLAN

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