North Hollywood Bankruptcy & Debt Lawyer, California, page 7

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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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Debra Jean Reed

Litigation, Bankruptcy

Status: In Good Standing Licensed: 15 Years

CONTACT

9454 Wilshire Blvd, Beverly Hills, CA 90212

Albert Joseph Tumpson

Business, Banking & Finance, Litigation, Credit & Debt

Status: In Good Standing Licensed: 48 Years

CONTACT

9401 Wilshire Blvd, Beverly Hills, CA 90212

Kevin Kay

Commercial Real Estate, Criminal, Bankruptcy, Personal Injury

Status: In Good Standing

CONTACT

280 S Beverly Dr, Beverly Hills, CA 90212

Ana Amodaj

Private Schools, Antitrust, Business, Bankruptcy

Status: In Good Standing Licensed: 9 Years

CONTACT

269 S Beverly Dr, Beverly Hills, CA 90212

Kenneth Paul Hsu

Contract, Business, Consumer Bankruptcy, Car Accident

Status: In Good Standing Licensed: 9 Years

CONTACT

9401 Wilshire Blvd, Beverly Hills, CA 90212

Frederick Bruce Brockie

International, Workers' Compensation, Employment, Bankruptcy & Debt

Status: In Good Standing Licensed: 34 Years

CONTACT

427 North Canon Dr, Beverly Hills, CA 90210

Anna Yadegari

Consumer Protection, Business, Consumer Bankruptcy

Status: In Good Standing Licensed: 8 Years

CONTACT

150 S Rodeo Dr, Beverly Hills, CA 90212

Donn Biddle Miller

Energy, Corporate, Public Utilities, Commercial Bankruptcy

Status: In Good Standing Licensed: 71 Years

CONTACT

136 El Camino Dr, Beverly Hills, CA 90212

Moran Glazer

Bankruptcy & Debt

Status: In Good Standing Licensed: 17 Years

CONTACT

269 S. Beverly Drive, Beverly Hills, CA 90212

Richard Asher Kolber

Real Estate Other, Litigation, Bankruptcy, Car Accident

Status: In Good Standing Licensed: 38 Years

CONTACT

269 S. Beverly Drive, Beverly Hills, CA 90212

800-923-0641

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LEGAL TERMS

COSIGNER

A person who signs his or her name to a loan agreement, lease or credit application. If the primary debtor does not pay, the cosigner is fully responsible for t... (more...)

A person who signs his or her name to a loan agreement, lease or credit application. If the primary debtor does not pay, the cosigner is fully responsible for the loan or debt. Many people use cosigners to qualify for a loan or credit card. Landlords may require a cosigner when renting to a student or someone with a poor credit history.

LIABILITY

(1) The state of being liable--that is, legally responsible for an act or omission. Example:Peri hires Paul to fix a broken pipe in her bathroom, but the new pi... (more...)

(1) The state of being liable--that is, legally responsible for an act or omission. Example:Peri hires Paul to fix a broken pipe in her bathroom, but the new pipe bursts the day after Paul installs it, ruining the bathroom floor. This raises the issue of liability: Who is responsible for the damage? Peri claims that Paul is responsible, and sues him for the cost of hiring another plumber to fix the pipe and replacing the floor. Paul, in turn, claims that the pipe manufacturer is responsible, because they supplied him with faulty materials. Both Peri and Paul must prove their claims in court; if Paul and/or the manufacturer is found liable, one or both will have to pay damages to Peri. (2) Something for which a person is liable. For example, a debt is often called a liability.

DEFINED CONTRIBUTION PLAN

A type of pension plan that does not guarantee any particular pension amount upon retirement. Instead, the employer pays into the pension fund a certain amount ... (more...)

A type of pension plan that does not guarantee any particular pension amount upon retirement. Instead, the employer pays into the pension fund a certain amount every month, or every year, for each employee. The employer usually pays a fixed percentage of an employee's wages or salary, although sometimes the amount is a fraction of the company's profits, with the size of each employee's pension share depending on the amount of wage or salary. Upon retirement, each employee's pension is determined by how much was contributed to the fund on behalf of that employee over the years, plus whatever earnings that money has accumulated as part of the investments of the entire pension fund.

NONPROFIT CORPORATION

A legal structure authorized by state law allowing people to come together to either benefit members of an organization (a club, or mutual benefit society) or f... (more...)

A legal structure authorized by state law allowing people to come together to either benefit members of an organization (a club, or mutual benefit society) or for some public purpose (such as a hospital, environmental organization or literary society). Nonprofit corporations, despite the name, can make a profit, but the business cannot be designed primarily for profit-making purposes, and the profits must be used for the benefit of the organization or purpose the corporation was created to help. When a nonprofit corporation dissolves, any remaining assets must be distributed to another nonprofit, not to board members. As with for-profit corporations, directors of nonprofit corporations are normally shielded from personal liability for the organization's debts. Some nonprofit corporations qualify for a federal tax exemption under _ 501(c)(3) of the Internal Revenue Code, with the result that contributions to the nonprofit are tax deductible by their donors.

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.

CREDIT BUREAU

A private, profit-making company that collects and sells information about a person's credit history. Typical clients include banks, mortgage lenders and credit... (more...)

A private, profit-making company that collects and sells information about a person's credit history. Typical clients include banks, mortgage lenders and credit card companies that use the information to screen applicants for loans and credit cards. There are three major credit bureaus, Equifax, Experian and Trans Union, and they are regulated by the federal Fair Credit Reporting Act.

LIQUIDATING PARTNER

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

COLLATERAL

Property that guarantees payment of a secured debt.

CHAPTER 7 BANKRUPTCY

The most familiar type of bankruptcy, in which many or all of your debts are wiped out completely in exchange for giving up your nonexempt property. Chapter 7 b... (more...)

The most familiar type of bankruptcy, in which many or all of your debts are wiped out completely in exchange for giving up your nonexempt property. Chapter 7 bankruptcy takes from three to six months, costs about $200, and commonly requires only one trip to the courthouse.

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North Hollywood Bankruptcy & Debt Lawyer, California, page 7

Sponsored Law Firm

Bayer Wishman & Leotta

SPONSORED LAWYERS

Debra Jean Reed

Albert Joseph Tumpson

Kevin Kay

Ana Amodaj

Kenneth Paul Hsu

Frederick Bruce Brockie

Anna Yadegari

Donn Biddle Miller

Moran Glazer

Richard Asher Kolber

TIPS

LEGAL TERMS

COSIGNER

LIABILITY

DEFINED CONTRIBUTION PLAN

NONPROFIT CORPORATION

DISPOSABLE INCOME

CREDIT BUREAU

LIQUIDATING PARTNER

COLLATERAL

CHAPTER 7 BANKRUPTCY

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