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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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William James Campbell

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Bankruptcy & Debt, Credit & Debt, Consumer Rights, Workout, Collection

William Campbell began his working career by serving in the United States Army as an infantryman in the 101st Airborne Division. After serving and ho... (more)

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855-709-5788

400 N. Tustin Ave., Santa Ana, CA 92705

Brian Joseph Kucsan

Banking & Finance, Foreclosure, Lending, Workout

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FREE CONSULTATION

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2706 Harbor Boulevard, Costa Mesa, CA 92626

Carmela T. Pagay

Bankruptcy, Workout

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CONTACT

1888 Century Park East, Los Angeles, CA 90067

Alan M. Feld

International, Banking & Finance, Workout, Bankruptcy & Debt

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CONTACT

333 S Hope St, Los Angeles, CA 90071

Kenneth Nathan Klee

International, Disability, Workout, Bankruptcy & Debt

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1801 Century Park E, Los Angeles, CA 90067

Jeffrey Charles Krause

Trusts, Business, Workout, Credit & Debt

Status: Licensed: 44 Years

CONTACT

333 S Grand Ave, Los Angeles, CA 90071

Jeffrey Alan Resler

Bankruptcy, Reorganization, Workout

Status: Licensed: 34 Years

CONTACT

1901 Ave Of The Stars, Los Angeles, CA 90067

Michael Lloyd Tuchin

Disability, Business, Workout, Bankruptcy & Debt

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CONTACT

1999 Avenue Of The Stars, Los Angeles, CA 90067

Marc J. Winthrop

Workout, Credit & Debt, Commercial Bankruptcy, Bankruptcy & Debt

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CONTACT

1301 Dove St, Newport Coast, CA 92660

800-814-6700

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LEGAL TERMS

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.

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.

PRESUMED ABUSE

In a Chapter 7 bankruptcy, when the debtor's current monthly income exceeds the family median income for his or her state and he or she cannot pass the means te... (more...)

In a Chapter 7 bankruptcy, when the debtor's current monthly income exceeds the family median income for his or her state and he or she cannot pass the means test, the court will presume that the debtor has sufficient income to fund a Chapter 13 plan. In this situation, the debtor will not be allowed to proceed with a Chapter 7 bankruptcy unless the debtor can prove that he or she is not abusing the Chapter 7 bankruptcy remedy.

DISPOSABLE INCOME

The difference between a debtor's current monthly income and allowable expenses. This is the amount that the new bankruptcy law deems available to pay into a Ch... (more...)

The difference between a debtor's current monthly income and allowable expenses. This is the amount that the new bankruptcy law deems available to pay into a Chapter 13 plan.

UNDUE HARDSHIP

The circumstances in which a debtor may discharge a student loan in bankruptcy. For example, a debtor who has no income and little chance of earning enough in t... (more...)

The circumstances in which a debtor may discharge a student loan in bankruptcy. For example, a debtor who has no income and little chance of earning enough in the future to pay off the loan may be able to show that repayment would be an undue hardship.

COLLATERAL

Property that guarantees payment of a secured debt.

REPOSSESSION

A creditor's taking property that has been pledged as collateral for a loan. Lenders will most often repossess cars when the owner has missed loan payments and ... (more...)

A creditor's taking property that has been pledged as collateral for a loan. Lenders will most often repossess cars when the owner has missed loan payments and has not attempted to work with the lender to resolve the problem. A repossessor can't use force to get at your car, but he can legally hot-wire it and even drive it out of your unlocked garage.

TRADE NAME

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

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.

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Santa Fe Springs Workout Lawyer, California

Sponsored Law Firm

Bayer Wishman & Leotta

SPONSORED LAWYERS

William James Campbell

Brian Joseph Kucsan

Carmela T. Pagay

Alan M. Feld

Kenneth Nathan Klee

Jeffrey Charles Krause

Jeffrey Alan Resler

Michael Lloyd Tuchin

Marc J. Winthrop

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LEGAL TERMS

IRS EXPENSES

401(K) PLAN

PRESUMED ABUSE

DISPOSABLE INCOME

UNDUE HARDSHIP

COLLATERAL

REPOSSESSION

TRADE NAME

PREFERENCE

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