Albany Bankruptcy & Debt Lawyer, Oregon

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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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Rodney L. Schermer

Business, Bankruptcy

Status: In Good Standing Licensed: 47 Years

CONTACT

4590 Elk Run Dr SW, Albany, OR 97321

Steven A Heinrich

Family Law, Elder Law, Contract, Credit & Debt

Status: In Good Standing Licensed: 30 Years

CONTACT

527 NW 3rd St, Corvallis, OR 97330

Rex K. Daines

Bankruptcy & Debt, Accident & Injury, Consumer Rights

Status: In Good Standing Licensed: 29 Years

FREE CONSULTATION

CONTACT

3995 Hagers Grove Rd SE, Salem, OR 97309

James L. McGehee

Child Support, Adoption, Consumer Protection, Bankruptcy

Status: In Good Standing Licensed: 45 Years

CONTACT

493 N 3rd Ave, Happy Valley, OR 97210

David W Jacobson

Bankruptcy, Business & Trade, Commercial Real Estate

Status: In Good Standing Licensed: 20 Years

CONTACT

3040 Commercial St Se, Salem, OR 97302

Kevin Dale Swartz

Child Custody, Consumer Bankruptcy, Bankruptcy, Personal Injury

Status: Retired Licensed: 26 Years

CONTACT

3995 Hagers Grove Rd Se, Salem, OR 97309

Lisa Nuss

Employment, Litigation, Commercial Bankruptcy

Status: Inactive Licensed: 29 Years

CONTACT

3578 Peck Ave Se, Salem, OR 97302

Brian E Hefner

Motor Vehicle, Divorce, Criminal, Bankruptcy & Debt, Personal Injury

Status: In Good Standing Licensed: 8 Years

CONTACT

1230 Fairview Ave SE, Salem, OR 97302

800-923-0641

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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.

COLLATERAL

Property that guarantees payment of a secured debt.

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.

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.

DEBIT CARD

A card issued by a bank that combines the functions of an ATM card and checks. A debit card can be used to withdraw cash at a bank like an ATM card, and it can ... (more...)

A card issued by a bank that combines the functions of an ATM card and checks. A debit card can be used to withdraw cash at a bank like an ATM card, and it can also be used at stores to pay for goods and services in place of a check. Unlike a credit card, a debit card automatically withdraws money from your checking account at the time of the transaction. Debit cards are regulated by the Electronic Funds Transfer Act.

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.

UNDUE HARDSHIP

The circumstances in which a debtor may discharge a student loan in bankruptcy. For example, a debtor who has no income and little chance of earning enough in t... (more...)

The circumstances in which a debtor may discharge a student loan in bankruptcy. For example, a debtor who has no income and little chance of earning enough in the future to pay off the loan may be able to show that repayment would be an undue hardship.

FORBEARANCE

Voluntarily refraining from doing something, such as asserting a legal right. For example, a creditor may forbear on its right to collect a debt by temporarily ... (more...)

Voluntarily refraining from doing something, such as asserting a legal right. For example, a creditor may forbear on its right to collect a debt by temporarily postponing or reducing the borrower's payments.

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Albany Bankruptcy & Debt Lawyer, Oregon

Sponsored Law Firm

Leavy Schultz Davis, P.S.

SPONSORED LAWYERS

Rodney L. Schermer

Steven A Heinrich

Rex K. Daines

James L. McGehee

David W Jacobson

Kevin Dale Swartz

Lisa Nuss

Brian E Hefner

TIPS

LEGAL TERMS

CURRENT MONTHLY INCOME

COLLATERAL

FRAUDULENT TRANSFER

IRS EXPENSES

DEBIT CARD

FRATERNAL BENEFIT SOCIETY BENEFITS

WINDING UP

UNDUE HARDSHIP

FORBEARANCE

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