Fox Island Bankruptcy & Debt Lawyer, Washington, page 4

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Jason Newcombe
About Us | Services
Washington Law Group, PLLC
201 St. Helens Ave #204 Tacoma, WA 98402Â» 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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Roy W. Kent

Bankruptcy, Federal

Status: Inactive Licensed: 46 Years

CONTACT

6706 24Th St W, Tacoma, WA 98466

Steven Lynn Stovall

Commercial Real Estate, Estate Planning, Contract, Commercial Bankruptcy

Status: In Good Standing Licensed: 23 Years

CONTACT

2606 Marietta St, Steilacoom, WA 98388

Dallas William Jolley

Estate Planning, Business & Trade, Commercial Bankruptcy, Bankruptcy

Status: In Good Standing

CONTACT

3901 100Th St Sw, Tacoma, WA 98499

Kevin Gregory Byrd

Family Law, Divorce, Criminal, Bankruptcy

Status: In Good Standing

CONTACT

10116 36Th Avenue Ct Sw, Tacoma, WA 98499

Terrence F. McCarthy

Estate, Divorce & Family Law, Bankruptcy & Debt, Accident & Injury

Status: In Good Standing Licensed: 52 Years

CONTACT

902 S 10th St, Tacoma, WA 98405

Richard H. Wooster

Labor Law, Civil Rights, Corporate, Commercial Bankruptcy, Employment

Status: In Good Standing

CONTACT

1901 S I St, Tacoma, WA 98405

Laura Lee Weselmann

International Tax, Employment Discrimination, Corporate, Commercial Bankruptcy

Status: In Good Standing Licensed: 25 Years

CONTACT

1 N Tacoma Ave, Tacoma, WA 98403

Mehrdad Ghassemieh

International Tax, Estate Planning, Corporate, Commercial Bankruptcy

Status: In Good Standing Licensed: 24 Years

CONTACT

1 N Tacoma Ave, Tacoma, WA 98403

Mark John Giske

Criminal, Banking & Finance, Credit & Debt, Bankruptcy

Status: In Good Standing Licensed: 39 Years

CONTACT

5720 N 46Th St, Tacoma, WA 98407

Wayne Beale Knight

Credit & Debt, Business & Trade, Commercial Real Estate, Collection

Status: Deceased Licensed: 67 Years

CONTACT

3715 165Th Ave N, Lakebay, WA 98349

800-923-0641

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LEGAL TERMS

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.

GRACE PERIOD

A period of time during which you are not required to make payments on a debt. For example, most credit cards give you a grace period of 20-30 days before you h... (more...)

A period of time during which you are not required to make payments on a debt. For example, most credit cards give you a grace period of 20-30 days before you have to pay interest on the amount of your purchases. Cash advances, however, usually have no grace period; interest begins to accumulate from the date of the withdrawal, even if you pay your bills on time. Also, some student loans give you a grace period after graduating or dropping out of school. During this time, you are not required to make payments on your loan.

BULK SALES LAW

A law that regulates the transfer of business assets so that business owners cannot dispose of assets in order to avoid creditors. If a business owner wants to ... (more...)

A law that regulates the transfer of business assets so that business owners cannot dispose of assets in order to avoid creditors. If a business owner wants to conduct a bulk sale of business assets -- that is, get rid of an unusually large amount of inventory, merchandise or equipment -- the business owner must typically publish a notice of the sale and give written notice to creditors. Then, the owner must set up an account to hold the funds from the sale for a brief period of time during which creditors may make claims against the money. The prohibition against bulk sales is spelled out in the Uniform Commercial Code -- and laws modeled on the UCC have been generally adopted throughout the country.

PROCEEDS FOR DAMAGED EXEMPT PROPERTY

In a bankruptcy proceeding, money collected through insurance, arbitration, mediation, settlement or a lawsuit to pay for exempt property that's no longer exemp... (more...)

In a bankruptcy proceeding, money collected through insurance, arbitration, mediation, settlement or a lawsuit to pay for exempt property that's no longer exemptible because it has been damaged or destroyed.

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.

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.

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.

SUBROGATION

A taking on of the legal rights of someone whose debts or expenses have been paid. For example, subrogation occurs when an insurance company that has paid off i... (more...)

A taking on of the legal rights of someone whose debts or expenses have been paid. For example, subrogation occurs when an insurance company that has paid off its injured claimant takes the legal rights the claimant has against a third party that caused the injury, and sues that third party.

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.

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Fox Island Bankruptcy & Debt Lawyer, Washington, page 4

Sponsored Law Firm

Washington Law Group, PLLC

SPONSORED LAWYERS

Roy W. Kent

Steven Lynn Stovall

Dallas William Jolley

Kevin Gregory Byrd

Terrence F. McCarthy

Richard H. Wooster

Laura Lee Weselmann

Mehrdad Ghassemieh

Mark John Giske

Wayne Beale Knight

TIPS

LEGAL TERMS

NONEXEMPT PROPERTY

GRACE PERIOD

BULK SALES LAW

PROCEEDS FOR DAMAGED EXEMPT PROPERTY

C CORPORATION

CHAPTER 13 PLAN

SECURED DEBT

SUBROGATION

PREFERENCE

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