Southworth Bankruptcy & Debt Lawyer, Washington, page 3

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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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Amanda Anne Williamson

Dispute Resolution, Estate Planning, Family Law, Bankruptcy

Status: In Good Standing

CONTACT

409 Pacific Ave, Bremerton, WA 98337

Frank C. Demarco

Estate Planning, Family Law, Elder Law, Bankruptcy

Status: In Good Standing Licensed: 41 Years

CONTACT

860 SW 143rd St, Seahurst, WA 98166

Christopher Michael Veraya

Traffic, Family Law, Elder Law, Bankruptcy

Status: In Good Standing Licensed: 14 Years

CONTACT

14241 Ambaum Blvd Sw, Seahurst, WA 98166

D Douglas Titus

Corporate, Bankruptcy, Employment Discrimination, Elder Law

Status: Deceased Licensed: 28 Years

CONTACT

Seahurst, WA 98166

David Frost Cooper

Civil Rights, Insurance, Credit & Debt, Personal Injury

Status: In Good Standing Licensed: 47 Years

CONTACT

19001 Vashon Hwy Sw, Burton, WA 98070

Mark Vincent Jordan

Intellectual Property, Entertainment, Corporate, Commercial Bankruptcy

Status: In Good Standing Licensed: 36 Years

CONTACT

2775 Harbor Ave Sw, Seattle, WA 98126

Jeremie Lipton

Corporate, Construction, Commercial Bankruptcy, Contract

Status: In Good Standing Licensed: 23 Years

CONTACT

Bainbridge Island, WA 98110

John Joseph Mitchell

Litigation, Child Custody, Credit & Debt, Collection

Status: Inactive Licensed: 42 Years

CONTACT

Bainbridge Island, WA 98110

Cynthia A. Hall

International Tax, Estate Planning, Business & Trade, Commercial Bankruptcy

Status: In Good Standing Licensed: 31 Years

CONTACT

600 Ericksen Ave Ne, Bainbridge Island, WA 98110

Andrew O. Carrington

Wills & Probate, Contract, Bankruptcy, Personal Injury

Status: In Good Standing Licensed: 34 Years

CONTACT

500 Union St, Seattle, WA 98101

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.

DEFINED CONTRIBUTION PLAN

A type of pension plan that does not guarantee any particular pension amount upon retirement. Instead, the employer pays into the pension fund a certain amount ... (more...)

A type of pension plan that does not guarantee any particular pension amount upon retirement. Instead, the employer pays into the pension fund a certain amount every month, or every year, for each employee. The employer usually pays a fixed percentage of an employee's wages or salary, although sometimes the amount is a fraction of the company's profits, with the size of each employee's pension share depending on the amount of wage or salary. Upon retirement, each employee's pension is determined by how much was contributed to the fund on behalf of that employee over the years, plus whatever earnings that money has accumulated as part of the investments of the entire pension fund.

S CORPORATION

A term that describes a profit-making corporation organized under state law whose shareholders have applied for and received subchapter S corporation status fro... (more...)

A term that describes a profit-making corporation organized under state law whose shareholders have applied for and received subchapter S corporation status from the Internal Revenue Service. Electing to do business as an S corporation lets shareholders enjoy limited liability status, as would be true of any corporation, but be taxed like a partnership or sole proprietor. That is, instead of being taxed as a separate entity (as would be the case with a regular or C corporation) an S corporation is a pass-through tax entity: income taxes are reported and paid by the shareholders, not the S corporation. To qualify as an S corporation a number of IRS rules must be met, such as a limit of 75 shareholders and citizenship requirements.

UNSECURED DEBT

A debt that is not tied to any item of property. A creditor doesn't have the right to grab property to satisfy the debt if you default. The creditor's only reme... (more...)

A debt that is not tied to any item of property. A creditor doesn't have the right to grab property to satisfy the debt if you default. The creditor's only remedy is to sue you and get a judgment. Compare secured debt.

ADMINISTRATIVE EXPENSES

The trustee's fee, the debtor's attorney fees, and other costs of bringing a bankruptcy case that a debtor must pay in full in a Chapter 13 repayment plan. Admi... (more...)

The trustee's fee, the debtor's attorney fees, and other costs of bringing a bankruptcy case that a debtor must pay in full in a Chapter 13 repayment plan. Administrative costs are typically 10% of the debtor's total payments under the plan.

CHAPTER 7 BANKRUPTCY

The most familiar type of bankruptcy, in which many or all of your debts are wiped out completely in exchange for giving up your nonexempt property. Chapter 7 b... (more...)

The most familiar type of bankruptcy, in which many or all of your debts are wiped out completely in exchange for giving up your nonexempt property. Chapter 7 bankruptcy takes from three to six months, costs about $200, and commonly requires only one trip to the courthouse.

GUARANTEED RESERVATION

A hotel or rental car reservation secured by a credit card number. In exchange for your card number, the hotel or rental agency promises to have a room or vehic... (more...)

A hotel or rental car reservation secured by a credit card number. In exchange for your card number, the hotel or rental agency promises to have a room or vehicle for you no matter when you show up. If you have a guaranteed reservation with a hotel, it must provide you with a room, either at that hotel or at another comparable establishment. If you have a guaranteed reservation with a car agency, it must provide you with a vehicle. The downside of a guaranteed reservation is that if you don't show up and haven't cancelled your reservation, you will be billed for one night in the room or one day's use of the vehicle.

Southworth Bankruptcy & Debt Lawyer, Washington, page 3

Sponsored Law Firm

Washington Law Group, PLLC

SPONSORED LAWYERS

Amanda Anne Williamson

Frank C. Demarco

Christopher Michael Veraya

D Douglas Titus

David Frost Cooper

Mark Vincent Jordan

Jeremie Lipton

John Joseph Mitchell

Cynthia A. Hall

Andrew O. Carrington

TIPS

LEGAL TERMS

NONEXEMPT PROPERTY

DEFINED CONTRIBUTION PLAN

S CORPORATION

UNSECURED DEBT

ADMINISTRATIVE EXPENSES

CHAPTER 7 BANKRUPTCY

GUARANTEED RESERVATION

FDCPA

FCRA

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