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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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Timothy J. Yoo

Federal Appellate Practice, Corporate, Credit & Debt, Bankruptcy

Status: In Good Standing Licensed: 33 Years

CONTACT

2818 La Cienega Avenue, Los Angeles, CA 90034

Mark M. Hathaway

Federal, Criminal, Banking & Finance, Collection

Status: In Good Standing Licensed: 34 Years

CONTACT

445 S Figueroa St, Los Angeles, CA 90071

Peter C. Bronstein

Lawsuit & Dispute, Business, Business Organization, Commercial Real Estate, Bankruptcy & Debt

Status: In Good Standing

CONTACT

1901 Avenue of the Stars, Los Angeles, CA 90067

Adam L. Streltzer

Corporate, Credit & Debt, Collection, Bankruptcy

Status: In Good Standing Licensed: 30 Years

CONTACT

1801 Century Park E, Los Angeles, CA 90067

Linda M. Blank

Dispute Resolution, Corporate, Business Organization, Credit & Debt, Bankruptcy

Status: In Good Standing Licensed: 38 Years

CONTACT

1801 Century Park E, Los Angeles, CA 90067

Judy M. Lam

Real Estate, International, Corporate, Bankruptcy

Status: In Good Standing Licensed: 30 Years

CONTACT

10100 Santa Monica Blvd, Los Angeles, CA 90067

Brian L. Davidoff

Contract, Business Organization, Bankruptcy, Bankruptcy & Debt

Status: In Good Standing Licensed: 43 Years

CONTACT

1900 Avenue Of The Stars, Los Angeles, CA 90067

Kevin J. Leichter

Intellectual Property, Leisure, Communication & Media Law, Bankruptcy

Status: In Good Standing Licensed: 34 Years

CONTACT

10203 Santa Monica Blvd, Los Angeles, CA 90067

John M. Gantus

Condominiums, Construction, Corporate, Collection

Status: Suspended Licensed: 52 Years

CONTACT

350 N Glendale Ave, Glendale, CA 91206

Olivia Goodkin

Business Organization, Collection, Corporate, Antitrust

Status: In Good Standing

CONTACT

1900 Ave Of The Stars, Los Angeles, CA 90067

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.

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.

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.

CHAPTER 13 PLAN

A document filed in a Chapter 13 bankruptcy in which the debtor shows how all of his or her disposable income will be used over a three- to five-year period to ... (more...)

A document filed in a Chapter 13 bankruptcy in which the debtor shows how all of his or her disposable income will be used over a three- to five-year period to pay all mandatory debts -- for example, back child support, taxes, and mortgage arrearages -- as well as some or all unsecured, nonpriority debts, such as medical and credit card bills.

FDCPA

See Fair Debt Collections & Practices Act.

C CORPORATION

Common business slang to distinguish a corporation whose profits are taxed separate from its owners under subchapter C of the Internal Revenue Code, from an S c... (more...)

Common business slang to distinguish a corporation whose profits are taxed separate from its owners under subchapter C of the Internal Revenue Code, from an S corporation, whose profits are passed through to shareholders and taxed on their personal returns under subchapter S of the Internal Revenue Code.

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.

CREDITOR

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

SETOFF

A claim made by someone who allegedly owes money, that the amount should be reduced because the other person owes him money. This is often raised in a countercl... (more...)

A claim made by someone who allegedly owes money, that the amount should be reduced because the other person owes him money. This is often raised in a counterclaim filed by a defendant in a lawsuit. Banks may try to exercise a setoff by taking money out of a deposit account to satisfy past due payments on a loan or credit card bill. Such an act is illegal under most circumstances.

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Los Angeles Bankruptcy & Debt Lawyer, California, page 7

Sponsored Law Firm

Bayer Wishman & Leotta

SPONSORED LAWYERS

Timothy J. Yoo

Mark M. Hathaway

Peter C. Bronstein

Adam L. Streltzer

Linda M. Blank

Judy M. Lam

Brian L. Davidoff

Kevin J. Leichter

John M. Gantus

Olivia Goodkin

TIPS

LEGAL TERMS

S CORPORATION

ADMINISTRATIVE EXPENSES

LIMITED PARTNERSHIP

CHAPTER 13 PLAN

FDCPA

C CORPORATION

WINDING UP

CREDITOR

SETOFF

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