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Leon Bayer
About | Practice Areas
Bayer Wishman & Leotta
1055 Wilshire Blvd Suite 1900 Los Angeles, CA 90017» view map
Bankruptcy & Debt
Experience, Affordability, & Expertise

The Los Angeles bankruptcy lawyers of Bayer Wishman & Leotta have successfully represented clients in the Los Angeles area for over 37 years. Bankruptcy is all we handle.

800-942-4591
1. Leon Bayer Los Angeles, CA
  Attorney at Law - CA, 1979
  San Fernando Valley College of Law
2. AboutBayer Wishman & Leotta
  88 Years of Combined Experience
3. Practice AreasExpertise
  Bankruptcy & Debt
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Brad Weil

Bankruptcy & Debt, Bankruptcy, Credit & Debt, Collection

Status: In Good Standing Licensed: 16 Years

FREE CONSULTATION

CONTACT

460 East Carson Plaza Drive, Carson, CA 90746

Raymond Ira Moniak

Construction, Litigation, Administrative Law, Credit & Debt

Status: In Good Standing Licensed: 44 Years

CONTACT

2276 Torrance Blvd, Torrance, CA 90501

Q Scott Kaye

Commercial Real Estate, Energy, Corporate, Credit & Debt

Status: In Good Standing Licensed: 25 Years

CONTACT

21515 Hawthorne Blvd, Torrance, CA 90503

Patrick Benedek

Construction, Workers' Compensation, Corporate, Credit & Debt

Status: In Good Standing Licensed: 18 Years

CONTACT

3655 Torrance Blvd, Torrance, CA 90503

Scott Kaye

Energy, Corporate, Credit & Debt, Commercial Real Estate

Status: In Good Standing Licensed: 25 Years

CONTACT

21515 Hawthorne Blvd, Torrance, CA 90503

Ayodele O Omotosho

Employee Rights, Contract, Credit & Debt, Personal Injury

Status: In Good Standing Licensed: 13 Years

CONTACT

8616 La Tijera Blvd, Los Angeles, CA 90045

Ivan Miguel Lopez

Litigation, Contract, Credit & Debt, Bankruptcy

Status: In Good Standing Licensed: 17 Years

CONTACT

5155 W Rosecrans Ave, Hawthorne, CA 90250

Eric Alan Mitnick

Litigation, Contract, Business, Credit & Debt, Bankruptcy

Status: In Good Standing Licensed: 40 Years

CONTACT

21515 Hawthorne Blvd, Torrance, CA 90503

Sheri Handel Beck

Commercial Real Estate, Litigation, Corporate, Credit & Debt

Status: Suspended Licensed: 29 Years

CONTACT

2381 Rosecrans Ave, El Segundo, CA 90245

800-923-0641

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LEGAL TERMS

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.

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.

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.

CREDIT REPORT

An account of your credit history, prepared by a credit bureau. A credit report will contain both credit history, such as what you owe to whom and whether you m... (more...)

An account of your credit history, prepared by a credit bureau. A credit report will contain both credit history, such as what you owe to whom and whether you make the payments on time, as well as personal history, such as your former addresses, employment record and lawsuits in which you have been involved. An estimated 50% of all credit reports contain errors, such as accounts that don't belong to you, an incorrect account status or information reported that is older than seven years (ten years in the case of a bankruptcy).

PROCEEDS FOR DAMAGED EXEMPT PROPERTY

In a bankruptcy proceeding, money collected through insurance, arbitration, mediation, settlement or a lawsuit to pay for exempt property that's no longer exemp... (more...)

In a bankruptcy proceeding, money collected through insurance, arbitration, mediation, settlement or a lawsuit to pay for exempt property that's no longer exemptible because it has been damaged or destroyed.

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.

CREDITOR

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

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.

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.

SAMPLE LEGAL CASES

Komarova v. National Credit Acceptance, Inc.

... This lawsuit arises from the efforts of defendant National Credit Acceptance, Inc., to collect a consumer debt from plaintiff Anastasiya Komarova that she did not owe. ... The plaintiffs there, like plaintiff here, were pursued for payment of a credit card debt they did not owe. ...

Dey v. Continental Central Credit

... K. Dey appeals a judgment of dismissal entered after the court sustained without leave to amend the demurrer of Continental Central Credit (Continental) and ... et seq.) Dey contends he stated a cause of action based on a fee defendants charged him to collect a debt he owed a ...

Liceaga v. Debt Recovery Solutions, LLC

... Despite her pleas to the agency that she was a victim of identity theft and had no Sprint account, they appear to have disbelieved her and ultimately reported her "default" to several credit reporting agencies, without advising that the debt was contested, thus harming her credit ...

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Gardena Credit & Debt Lawyer, California

Sponsored Law Firm

Bayer Wishman & Leotta

SPONSORED LAWYERS

Brad Weil

Raymond Ira Moniak

Q Scott Kaye

Patrick Benedek

Scott Kaye

Ayodele O Omotosho

Ivan Miguel Lopez

Eric Alan Mitnick

Sheri Handel Beck

TIPS

LEGAL TERMS

S CORPORATION

IRS EXPENSES

LIMITED LIABILITY

CREDIT REPORT

PROCEEDS FOR DAMAGED EXEMPT PROPERTY

401(K) PLAN

CREDITOR

DEBIT CARD

PREFERENCE

SAMPLE LEGAL CASES

Komarova v. National Credit Acceptance, Inc.

Dey v. Continental Central Credit

Liceaga v. Debt Recovery Solutions, LLC

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