Orting Bankruptcy & Debt Lawyer, Washington, page 4

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Kimberly Ann Macdonald

Bankruptcy, Bankruptcy & Debt
Status:  In Good Standing           

Courtney A Grover

Insurance, Collection, Family Law, Personal Injury
Status:  Inactive           Licensed:  18 Years

Heather L Swann

Commercial Real Estate, Estate Planning, Family Law, Consumer Bankruptcy
Status:  In Good Standing           Licensed:  18 Years

Stephen Michael Hansen

Land Use & Zoning, Civil Rights, Contract, Collection
Status:  In Good Standing           

Saraellen Mccay Hutchison

Civil Rights, Credit & Debt, Consumer Bankruptcy, Bankruptcy & Debt
Status:  In Good Standing           Licensed:  19 Years

Saraellen M. Hutchison

Civil Rights, Credit & Debt, Consumer Bankruptcy, Bankruptcy & Debt
Status:  In Good Standing           

Russell Andrew Knight

Commercial Real Estate, Civil Rights, Business & Trade, Commercial Bankruptcy
Status:  In Good Standing           Licensed:  16 Years

Kelly Ann Delaat-Maher

Commercial Real Estate, Land Use & Zoning, Business & Trade, Commercial Bankruptcy, Electronic Commerce
Status:  In Good Standing           Licensed:  28 Years

Robert Louis Michaels

Estate Planning, Business & Trade, Corporate, Bankruptcy
Status:  In Good Standing           Licensed:  40 Years

Darren Robert Krattli

Litigation, Banking & Finance, Credit & Debt, Bankruptcy
Status:  In Good Standing           Licensed:  22 Years

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Lawyer.com can help you easily and quickly find Orting Bankruptcy & Debt Lawyers and Orting Bankruptcy & Debt Law Firms. Refine your search by specific Bankruptcy & Debt practice areas such as Bankruptcy, Collection, Credit & Debt, Reorganization and Workout matters.

LEGAL TERMS

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.

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.

WORKOUT

A debtor's plan to take care of a debt, by paying it off or through loan forgiveness. Workouts are often created to avoid bankruptcy or foreclosure proceedings.

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.

COLLATERAL

Property that guarantees payment of a secured debt.

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.

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 FILE

See credit report.

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.