Broadbent Workout Lawyer, Oregon, page 6

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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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David Erik Pesonen

General Practice

Status: In Good Standing Licensed: 56 Years

CONTACT

94408 Sixes River Rd, Sixes, OR 97476

Myron D Spady

General Practice

Status: Inactive Licensed: 75 Years

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Margaret Hills-Crawford

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Status: In Good Standing Licensed: 40 Years

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Stephen Kennedy Abbott

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Status: Inactive Licensed: 55 Years

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2110 Jackson St, Port Orford, OR 97465

Ernest Canfield Thayer

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Status: Inactive Licensed: 57 Years

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93105 Cemetery Loop, Port Orford, OR 97465

John Joseph O'Connor

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Status: Inactive Licensed: 57 Years

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43443 Nicholson Dr, Port Orford, OR 97465

Amanda Lea Burnett

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Status: Inactive Licensed: 48 Years

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405 Gladewood, Coquille, OR 97423

Robert J Burch

General Practice

Status: Inactive Licensed: 49 Years

CONTACT

56965 Gladewood, Coquille, OR 97423

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LEGAL TERMS

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.

SOLE PROPRIETORSHIP

A business owned and managed by one person (or for tax purposes, a husband and wife). For IRS purposes, a sole proprietor and her business are one tax entity, m... (more...)

A business owned and managed by one person (or for tax purposes, a husband and wife). For IRS purposes, a sole proprietor and her business are one tax entity, meaning that business profits are reported and taxed on the owner's personal tax return. Setting up a sole proprietorship is cheap and easy since no legal formation documents need be filed with any governmental agency (although tax registration and other permit and license requirements may still apply). Once you file a fictitious name statement (assuming you don't use your own name) and obtain any required basic tax permits and business licenses, you'll be in business. The main downside of a sole proprietorship is that its owner is personally liable for all business debts.

COLLATERAL

Property that guarantees payment of a secured debt.

FDCPA

See Fair Debt Collections & Practices Act.

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.

DISCHARGE (OF DEBTS)

A bankruptcy court's erasure of the debts of a person or business that has filed for bankruptcy.

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.

INTEREST

A commission you pay a bank or other creditor for lending you money or extending you credit. An interest rate represents the annual percentage that is added to ... (more...)

A commission you pay a bank or other creditor for lending you money or extending you credit. An interest rate represents the annual percentage that is added to your balance. This means that if your loan or credit line has an interest rate of 8%, the holder adds 8% to the balance each year. More specifically, interest is calculated and added to your loan or credit line through a process called compounding. If interest is compounded daily, the balance will rise by 1/365th of 8% each day. If interest is compounded monthly, the balance will rise 1/12th of 8% at the start of each month.

TRADE NAME

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

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Broadbent Workout Lawyer, Oregon, page 6

Sponsored Law Firm

Leavy Schultz Davis, P.S.

SPONSORED LAWYERS

David Erik Pesonen

Myron D Spady

Margaret Hills-Crawford

Stephen Kennedy Abbott

Ernest Canfield Thayer

John Joseph O'Connor

Amanda Lea Burnett

Robert J Burch

TIPS

LEGAL TERMS

WORKOUT

SOLE PROPRIETORSHIP

COLLATERAL

FDCPA

SECURED DEBT

DISCHARGE (OF DEBTS)

NONEXEMPT PROPERTY

INTEREST

TRADE NAME

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