Long Beach Bankruptcy Lawyer, California, page 8

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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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2. Email
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Includes: Bankruptcy Litigation, Commercial Bankruptcy, Consumer Bankruptcy, Dissolution

John Daniel Ott

Litigation, Dispute Resolution, Contract, Bankruptcy

Status: In Good Standing Licensed: 32 Years

CONTACT

3020 Old Ranch Pkwy, Seal Beach, CA 90740

Kendra Deter Jones

Construction, Products Liability, Contract, Consumer Bankruptcy, Mass Torts

Status: In Good Standing Licensed: 25 Years

CONTACT

3131 Katella Ave, Los Alamitos, CA 90720

Warren Katz

Bankruptcy

Status: In Good Standing

CONTACT

300 W Ocean Blvd, Carson, CA 90802

Kerry Moynihan

General Practice

Status: In Good Standing

CONTACT

Surfside, CA 90743

Bennet Gerard Kelley

Contract, Intellectual Property, International, Consumer Bankruptcy, Health Care

Status: In Good Standing

CONTACT

222 W 6Th St, San Pedro, CA 90731

Barbara Jean Craig

Estate Planning, Bankruptcy, Contract, Commercial Real Estate, Trusts

Status: In Good Standing

CONTACT

414 W 7Th St, San Pedro, CA 90731

Henry Davis Paloci

Credit & Debt, Bankruptcy, Bankruptcy & Debt

Status: In Good Standing Licensed: 28 Years

CONTACT

Los Alamitos, CA 90720

Kendall Taylor Jones

Construction, Products Liability, Contract, Consumer Bankruptcy, Mass Torts

Status: In Good Standing Licensed: 29 Years

CONTACT

3561 Dahlia Cir, Seal Beach, CA 90740

Brad Weil

Bankruptcy & Debt, Bankruptcy, Credit & Debt, Collection

Status: In Good Standing Licensed: 15 Years

FREE CONSULTATION

CONTACT

460 East Carson Plaza Drive, Carson, CA 90746

Lawrence Richard Fieselman

Bankruptcy

Status: In Good Standing Licensed: 46 Years

CONTACT

10900 183Rd St, Artesia, CA 90703

800-923-0641

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LEGAL TERMS

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.

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.

BULK SALES LAW

A law that regulates the transfer of business assets so that business owners cannot dispose of assets in order to avoid creditors. If a business owner wants to ... (more...)

A law that regulates the transfer of business assets so that business owners cannot dispose of assets in order to avoid creditors. If a business owner wants to conduct a bulk sale of business assets -- that is, get rid of an unusually large amount of inventory, merchandise or equipment -- the business owner must typically publish a notice of the sale and give written notice to creditors. Then, the owner must set up an account to hold the funds from the sale for a brief period of time during which creditors may make claims against the money. The prohibition against bulk sales is spelled out in the Uniform Commercial Code -- and laws modeled on the UCC have been generally adopted throughout the country.

FAIR LABOR STANDARDS ACT (FLSA)

A federal law that guarantees a worker's right to be paid fairly. The FLSA defines the 40-hour workweek, sets out the federal minimum wage, states requirements ... (more...)

A federal law that guarantees a worker's right to be paid fairly. The FLSA defines the 40-hour workweek, sets out the federal minimum wage, states requirements for overtime and places restrictions on child labor.

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.

WORKOUT

A debtor's plan to take care of a debt, by paying it off or through loan forgiveness. Workouts are often created to avoid bankruptcy or foreclosure proceedings.

LIQUIDATING PARTNER

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

NONDISCHARGEABLE DEBTS

Debts that cannot be erased by filing for bankruptcy. If you file for Chapter 7 bankruptcy, these debts will remain when your case is over. If you file for Chap... (more...)

Debts that cannot be erased by filing for bankruptcy. If you file for Chapter 7 bankruptcy, these debts will remain when your case is over. If you file for Chapter 13 bankruptcy, the nondischargeable debts will have to be paid in full during your plan or you will have a balance at the end of your case. Examples of nondischargeable debts include alimony and child support, most income tax debts, many student loans and debts for personal injury or death caused by drunk driving. Compare dischargeable debts.

FRAUDULENT TRANSFER

In a bankruptcy case, a transfer of property to another for less than the property's value for the purpose of hiding the property from the bankruptcy trustee --... (more...)

In a bankruptcy case, a transfer of property to another for less than the property's value for the purpose of hiding the property from the bankruptcy trustee -- for instance, when a debtor signs a car over to a relative to keep it out of the bankruptcy estate. Fraudulently transferred property can be recovered and sold by the trustee for the benefit of the creditors.

SAMPLE LEGAL CASES

Jaffe v. Pacelli

... ALDRICH, J. I. INTRODUCTION. In this case, the superior court entered a judgment against a debtor, Zenaida C. Pacelli (Pacelli), that included an award of attorney fees. Years later, Pacelli sought to discharge the debt in bankruptcy court. ... 2. The bankruptcy proceedings. ...

Imperial Merchant Services, Inc. v. Hunt

... section 3287, for a total of $179.41. 385 Hunt filed a voluntary petition for bankruptcy in the United States Bankruptcy Court for the Northern District of California (the bankruptcy action). Shortly thereafter, Hunt filed a putative ...

Aceves v. US BANK NA

... deed of trust on her residence. About two years into the loan, she could not afford the monthly payments and filed for bankruptcy under chapter 7 of the Bankruptcy Code (11 USC Â§Â§ 701-784). She intended to convert the chapter ...

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Long Beach Bankruptcy Lawyer, California, page 8

Sponsored Law Firm

Bayer Wishman & Leotta

SPONSORED LAWYERS

John Daniel Ott

Kendra Deter Jones

Warren Katz

Kerry Moynihan

Bennet Gerard Kelley

Barbara Jean Craig

Henry Davis Paloci

Kendall Taylor Jones

Brad Weil

Lawrence Richard Fieselman

TIPS

LEGAL TERMS

PREFERENCE

SOLE PROPRIETORSHIP

BULK SALES LAW

FAIR LABOR STANDARDS ACT (FLSA)

401(K) PLAN

WORKOUT

LIQUIDATING PARTNER

NONDISCHARGEABLE DEBTS

FRAUDULENT TRANSFER

SAMPLE LEGAL CASES

Jaffe v. Pacelli

Imperial Merchant Services, Inc. v. Hunt

Aceves v. US BANK NA

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