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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: Licensed: 16 Years

FREE CONSULTATION

CONTACT

460 East Carson Plaza Drive, Carson, CA 90746

Edwin A. Barnum

Bankruptcy & Debt, Divorce & Family Law, Estate Planning, Personal Injury, Foreclosure

Status: Licensed: 16 Years

FREE CONSULTATION

CONTACT

2161 W 182nd St, Torrance, CA 90504

Zachary James McCready

Misdemeanor, Felony, Criminal, Bankruptcy

Status: Licensed: 18 Years

FREE CONSULTATION

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3701 Long Beach Blvd, Long Beach, CA 90807

James C. Shields

Wills & Probate, Estate Planning, Guardianships & Conservatorships, Bankruptcy, Divorce

Status:

FREE CONSULTATION

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21707 Hawthorne Boulevard, Torrance, CA 90503

Raymond Ira Moniak

Construction, Litigation, Administrative Law, Credit & Debt

Status: Licensed: 45 Years

CONTACT

2276 Torrance Blvd, Torrance, CA 90501

Vincent J Quigg

Workers' Compensation, Bankruptcy, Personal Injury, Criminal, Commercial Real Estate

Status: Licensed: 42 Years

CONTACT

5411 Long Beach Blvd, Carson, CA 90805

John H. Sibbison

Divorce & Family Law, Estate, Collection

Status: Licensed: 49 Years

FREE CONSULTATION

CONTACT

4000 Palos Verdes Drive North, Rolling Hills Estates, CA 90274

Dennis Edward Mcgoldrick

Litigation, Employment Discrimination, Bankruptcy, Bankruptcy & Debt

Status:

CONTACT

21250 Hawthorne Blvd, Torrance, CA 90503

Jason Mark Murai

Wills, Trusts, Estate Planning, Estate, Bankruptcy

Status:

CONTACT

21250 Hawthorne Blvd, Torrance, CA 90503

Jose Medina

Employee Rights, Contract, Bankruptcy, Personal Injury

Status: Licensed: 46 Years

CONTACT

4000 Long Beach Blvd, Carson, CA 90807

800-814-6700

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LEGAL TERMS

CREDIT FILE

See credit report.

BANKRUPTCY

A legal proceeding that relieves you of the responsibility of paying your debts or provides you with protection while attempting to repay your debts. There are ... (more...)

A legal proceeding that relieves you of the responsibility of paying your debts or provides you with protection while attempting to repay your debts. There are two types of bankruptcies -- liquidation, in which your debts are wiped out (discharged) and reorganization, in which you provide the court with a plan for how you intend to repay your debts. For both consumers and business, liquidation bankruptcy is called Chapter 7. For consumers, reorganization bankruptcy is called Chapter 13. Reorganization bankruptcy for consumers with an extraordinary amount of debt and for businesses is called Chapter 11. Reorganization bankruptcy for family farmers is called Chapter 12.

SECRET WARRANTY PROGRAM

A program under which a car manufacturer will make repairs for free on vehicles with persistent problems, even after the warranty has expired, in order to avoid... (more...)

A program under which a car manufacturer will make repairs for free on vehicles with persistent problems, even after the warranty has expired, in order to avoid a recall and the accompanying bad press. Secret warranties are rarely advertised by the manufacturer, so consumers must pursue the manufacturer to discover and take advantage of them. A few states require manufacturers to notify car buyers when they adopt secret warranty programs.

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.

FCBA

See Fair Credit Billing Act.

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.

GRACE PERIOD

A period of time during which you are not required to make payments on a debt. For example, most credit cards give you a grace period of 20-30 days before you h... (more...)

A period of time during which you are not required to make payments on a debt. For example, most credit cards give you a grace period of 20-30 days before you have to pay interest on the amount of your purchases. Cash advances, however, usually have no grace period; interest begins to accumulate from the date of the withdrawal, even if you pay your bills on time. Also, some student loans give you a grace period after graduating or dropping out of school. During this time, you are not required to make payments on your loan.

AUTOMATIC STAY

An injunction automatically issued by the bankruptcy court when a debtor files for bankruptcy. The automatic stay prohibits most creditor collection activities,... (more...)

An injunction automatically issued by the bankruptcy court when a debtor files for bankruptcy. The automatic stay prohibits most creditor collection activities, such as filing or continuing lawsuits, making written requests for payment, or notifying credit reporting bureaus of an unpaid debt.

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.

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Carson Bankruptcy & Debt Lawyer, California

Sponsored Law Firm

Bayer Wishman & Leotta

SPONSORED LAWYERS

Brad Weil

Edwin A. Barnum

Zachary James McCready

James C. Shields

Raymond Ira Moniak

Vincent J Quigg

John H. Sibbison

Dennis Edward Mcgoldrick

Jason Mark Murai

Jose Medina

TIPS

LEGAL TERMS

CREDIT FILE

BANKRUPTCY

SECRET WARRANTY PROGRAM

PREFERENCE

FCBA

SETOFF

GRACE PERIOD

AUTOMATIC STAY

S CORPORATION

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