West Hills Bankruptcy & Debt Lawyer, California

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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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Jonathan Leventhal

Corporate, Collection, Commercial Bankruptcy, Bankruptcy

Status: In Good Standing

FREE CONSULTATION

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21550 Oxnard Street, Woodland Hills, CA 91367

John Balian

Business Organization, Wills & Probate, Estate Planning, Bankruptcy

Status: In Good Standing

CONTACT

21550 Oxnard Street, Woodland Hills, CA 91367

David Russell Hagen

Dispute Resolution, Bankruptcy, Bankruptcy & Debt

Status: In Good Standing Licensed: 41 Years

FREE CONSULTATION

CONTACT

5950 Canoga Ave, Woodland Hills, CA 91367

Allan Steven Williams

Bankruptcy & Debt, Reorganization, Consumer Bankruptcy

Status: In Good Standing Licensed: 29 Years

FREE CONSULTATION

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23586 Calabasas Road, Calabasas, CA 91302

Bahram Madaen

Bankruptcy, Contract, Elder Law, Family Law, International

Status: In Good Standing Licensed: 21 Years

FREE CONSULTATION

CONTACT

5530 Corbin Ave, Tarzana, CA 91356

Mike H. Raichelson

Foreclosure, Credit & Debt, Bankruptcy, Corporate

Status: In Good Standing

FREE CONSULTATION

CONTACT

6400 Canoga Avenue, Woodland Hills, CA 91367

Carlo Ocampo Reyes

Litigation, Immigration, Bankruptcy, Personal Injury

Status: In Good Standing Licensed: 21 Years

CONTACT

22122 Sherman Way, Calabasas, CA 91303

Shai Shaul Oved

Construction, Business, Credit & Debt, Bankruptcy

Status: In Good Standing Licensed: 28 Years

CONTACT

7445 Topanga Canyon Blvd, Calabasas, CA 91303

Anne Claire Adams

Trusts, Family Law, Credit & Debt, Bankruptcy

Status: In Good Standing

CONTACT

7041 Owensmouth Ave, Calabasas, CA 91303

Bonnie Fong

Labor Law, Employment Discrimination, Employee Rights, Consumer Bankruptcy, Credit & Debt

Status: In Good Standing Licensed: 16 Years

CONTACT

5023 Parkway Calabasas, Calabasas, CA 91302

800-923-0641

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LEGAL TERMS

SOLE PROPRIETORSHIP

A business owned and managed by one person (or for tax purposes, a husband and wife). For IRS purposes, a sole proprietor and her business are one tax entity, m... (more...)

A business owned and managed by one person (or for tax purposes, a husband and wife). For IRS purposes, a sole proprietor and her business are one tax entity, meaning that business profits are reported and taxed on the owner's personal tax return. Setting up a sole proprietorship is cheap and easy since no legal formation documents need be filed with any governmental agency (although tax registration and other permit and license requirements may still apply). Once you file a fictitious name statement (assuming you don't use your own name) and obtain any required basic tax permits and business licenses, you'll be in business. The main downside of a sole proprietorship is that its owner is personally liable for all business debts.

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.

FAIR CREDIT REPORTING ACT (FCRA)

A federal law that is designed to prevent inaccurate or obsolete information from entering or remaining in a credit report. The law requires credit bureaus to a... (more...)

A federal law that is designed to prevent inaccurate or obsolete information from entering or remaining in a credit report. The law requires credit bureaus to adopt reasonable procedures for gathering, maintaining and disseminating information and bars credit bureaus from reporting negative information that is older than seven years, except a bankruptcy, which may be reported for ten. If you notify a credit bureau of an error in your credit report, the FCRA requires the bureau to investigate your allegations within 30 days, review all information you provide, remove inaccurate and unverified information and adopt procedures to keep the information from reappearing. In addition, the law requires that creditors refrain from reporting incorrect information to credit bureaus.

LIQUIDATING PARTNER

The member of an insolvent or dissolving partnership responsible for paying the debts and settling the accounts of the partnership.

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.

DISCHARGE (OF DEBTS)

A bankruptcy court's erasure of the debts of a person or business that has filed for bankruptcy.

SECURED DEBT

A debt on which a creditor has a lien. The creditor can institute a foreclosure or repossession to take the property identified by the lien, called the collater... (more...)

A debt on which a creditor has a lien. The creditor can institute a foreclosure or repossession to take the property identified by the lien, called the collateral, to satisfy the debt if you default. Compare unsecured 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.

DEBT COLLECTOR

A person who works in the in-house collections department of an original creditor or a collection agency to track down debtors and get them to pay what they owe... (more...)

A person who works in the in-house collections department of an original creditor or a collection agency to track down debtors and get them to pay what they owe. Debt collectors can be relentless, often using scare tactics, humiliation and repeated phone calls to extract payments or promises to pay.

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West Hills Bankruptcy & Debt Lawyer, California

Sponsored Law Firm

Bayer Wishman & Leotta

SPONSORED LAWYERS

Jonathan Leventhal

John Balian

David Russell Hagen

Allan Steven Williams

Bahram Madaen

Mike H. Raichelson

Carlo Ocampo Reyes

Shai Shaul Oved

Anne Claire Adams

Bonnie Fong

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LEGAL TERMS

SOLE PROPRIETORSHIP

AUTOMATIC STAY

FAIR CREDIT REPORTING ACT (FCRA)

LIQUIDATING PARTNER

S CORPORATION

DISCHARGE (OF DEBTS)

SECURED DEBT

ADMINISTRATIVE EXPENSES

DEBT COLLECTOR

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