Mount Vernon Credit & Debt Lawyer, Washington

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Jason Newcombe
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Washington Law Group, PLLC
Proudly Serving The Greater Puget Sound RegionÂ» view map
Bankruptcy & Debt, Chapter 7, Chapter 13
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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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Richard Mark Sybrandy

Contract, Credit & Debt, Civil Rights, Family Law

Status: In Good Standing Licensed: 29 Years

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Mount Vernon, WA 98273

Robert Edgar Welch

Corporate, Credit & Debt, Elder Law, Family Law

Status: Deceased Licensed: 56 Years

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10525 State Ave, Marysville, WA 98271

Gretchen Galstad

Credit & Debt, Landlord-Tenant, Dispute Resolution, Family Law

Status: Deceased Licensed: 21 Years

CONTACT

12015 Marine Dr, Marysville, WA 98271

Emily Rose Mowrey

Commercial Real Estate, Estate Planning, Corporate, Credit & Debt

Status: In Good Standing

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1313 E Maple St, Bellingham, WA 98225

David Roderick Coombs

Landlord-Tenant, Family Law, Credit & Debt, Bankruptcy & Debt

Status: In Good Standing Licensed: 10 Years

CONTACT

2822 Colby Avenue, Everett, WA 98201

O. Shane Balloun

Estate Planning, Civil Rights, Corporate, Credit & Debt

Status: In Good Standing Licensed: 12 Years

CONTACT

355 Harris Ave, Bellingham, WA 98225

O. Shane Balloun

Estate Planning, Civil Rights, Corporate, Credit & Debt

Status: In Good Standing Licensed: 12 Years

CONTACT

355 Harris Ave, Bellingham, WA 98225

Timothy C. Potts

International Tax, Estate Planning, Corporate, Credit & Debt

Status: In Good Standing Licensed: 42 Years

CONTACT

807 10Th St, Bellingham, WA 98225

Gregory L. Davies

Family Law, Civil Rights, Credit & Debt, Personal Injury

Status: In Good Standing

CONTACT

3721 Colby Ave, Everett, WA 98201

Patrick F. Hussey

Foreclosure, Credit & Debt, Collection, Bankruptcy

Status: Inactive Licensed: 47 Years

CONTACT

Greenbank, WA 98253

800-923-0641

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LEGAL TERMS

REDEMPTION

In Chapter 7 bankruptcy, when the debtor obtains legal title to collateral for a debt by paying the creditor the replacement value of the collateral in a lump s... (more...)

In Chapter 7 bankruptcy, when the debtor obtains legal title to collateral for a debt by paying the creditor the replacement value of the collateral in a lump sum. For example, a debtor may redeem a car note by paying the lender the amount a retail vendor would charge for the car, considering its age and condition.

FRATERNAL BENEFIT SOCIETY BENEFITS

These are benefits, often group life insurance, paid for by fraternal societies to their members. Elks, Masons or Knights of Columbus are common fraternal socie... (more...)

These are benefits, often group life insurance, paid for by fraternal societies to their members. Elks, Masons or Knights of Columbus are common fraternal societies that provide benefits. Also called benefit society, benevolent society or mutual aid association benefits. Under bankruptcy laws, these benefits are virtually always considered exempt property.

WINDING UP

The process of paying off expenses and creditors, settling accounts, and collecting and distributing (to shareholders and owners) whatever assets then remain, a... (more...)

The process of paying off expenses and creditors, settling accounts, and collecting and distributing (to shareholders and owners) whatever assets then remain, all with the ultimate goal of liquidating or closing down a corporation or partnership.

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.

BANKRUPTCY

A legal proceeding that relieves you of the responsibility of paying your debts or provides you with protection while attempting to repay your debts. There are ... (more...)

A legal proceeding that relieves you of the responsibility of paying your debts or provides you with protection while attempting to repay your debts. There are two types of bankruptcies -- liquidation, in which your debts are wiped out (discharged) and reorganization, in which you provide the court with a plan for how you intend to repay your debts. For both consumers and business, liquidation bankruptcy is called Chapter 7. For consumers, reorganization bankruptcy is called Chapter 13. Reorganization bankruptcy for consumers with an extraordinary amount of debt and for businesses is called Chapter 11. Reorganization bankruptcy for family farmers is called Chapter 12.

CREDITOR

A person or entity (such as a bank) to whom a debt is owed.

IRS EXPENSES

A table of national and regional expense estimates published by the IRS. Debtors whose current monthly income is more than their state's median family income mu... (more...)

A table of national and regional expense estimates published by the IRS. Debtors whose current monthly income is more than their state's median family income must use the IRS expenses to calculate their average net income in a Chapter 7 case, or their disposable income in a Chapter 13 case.

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.

LIMITED LIABILITY

The maximum amount a business owner can lose if the business is subject to debts, claims or other liabilities. An owner of a limited liability company (LLC) or ... (more...)

The maximum amount a business owner can lose if the business is subject to debts, claims or other liabilities. An owner of a limited liability company (LLC) or a person who invests in a corporation (a shareholder) generally stands to lose only the amount of money invested in the business. This means that if the business folds, creditors cannot seize or sell an owner's home, car, or other personal assets.

SAMPLE LEGAL CASES

Discover Bank v. Bridges

... HOUGHTON, J. Â¶ 1 John and Julie Bridges appeal the trial court's grant of summary judgment on their credit card debt to Discover Bank. ... We reverse and remand. FACTS. Â¶ 2 Discover Bank filed a complaint against the Bridges, seeking payment of a credit card debt. ...

Brown v. Household Realty Corp.

... This debt consolidation reduced the Browns' total monthly payments for home loans and consumer credit accounts. ... 6 The same day, the Browns obtained from Household a second position line of credit to consolidate additional unsecured debt. ...

BOEING EMPLOYEES'CREDIT UNION v. Burns

... [2]. Â¶ 2 Here, Boeing Employees' Credit Union (BECU) is the holder of a subordinate deed of trust for ... [4] Accordingly, BECU is entitled to the surplus sales funds that are sufficient to satisfy the Burnses' unpaid debt to BECU. [5] We reverse and remand for further proceedings. ...

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Mount Vernon Credit & Debt Lawyer, Washington

Sponsored Law Firm

Washington Law Group, PLLC

SPONSORED LAWYERS

Richard Mark Sybrandy

Robert Edgar Welch

Gretchen Galstad

Emily Rose Mowrey

David Roderick Coombs

O. Shane Balloun

O. Shane Balloun

Timothy C. Potts

Gregory L. Davies

Patrick F. Hussey

TIPS

LEGAL TERMS

REDEMPTION

FRATERNAL BENEFIT SOCIETY BENEFITS

WINDING UP

PREFERENCE

BANKRUPTCY

CREDITOR

IRS EXPENSES

FRAUDULENT TRANSFER

LIMITED LIABILITY

SAMPLE LEGAL CASES

Discover Bank v. Bridges

Brown v. Household Realty Corp.

BOEING EMPLOYEES'CREDIT UNION v. Burns

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