North Hollywood Bankruptcy & Debt 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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Carolin K Shining

Workers' Compensation, Corporate, Credit & Debt, Medical Malpractice

Status: In Good Standing Licensed: 34 Years

CONTACT

3055 Wilshire Boulevard, Los Angeles, CA 90010

Edward M. Wolkowitz

Real Estate, Corporate, Bankruptcy, Bankruptcy & Debt

Status: In Good Standing Licensed: 49 Years

CONTACT

2818 La Cienega Avenue, Los Angeles, CA 90034

Philip A. Gasteier

Corporate, Banking & Finance, Antitrust, Bankruptcy

Status: In Good Standing Licensed: 37 Years

CONTACT

2818 La Cienega Avenue, Los Angeles, CA 90034

Timothy J. Yoo

Federal Appellate Practice, Corporate, Credit & Debt, Bankruptcy

Status: In Good Standing Licensed: 33 Years

CONTACT

2818 La Cienega Avenue, Los Angeles, CA 90034

Christopher Bryan Good

Litigation, Corporate, Credit & Debt, Personal Injury

Status: In Good Standing Licensed: 20 Years

CONTACT

2330 Westwood Blvd, Los Angeles, CA 90064

Mark Jonathan Hayes

Federal Appellate Practice, Business, Bankruptcy, Bankruptcy & Debt

Status: In Good Standing

CONTACT

17609 Ventura Blvd, Encino, CA 91316

Dennis P. Riley

Class Action, Corporate, Business Organization, Bankruptcy

Status: In Good Standing Licensed: 37 Years

CONTACT

644 S Figueroa St, Los Angeles, CA 90017

Samuel E. Chilakos

Freedom of Information, Corporate, Contract, Credit & Debt

Status: In Good Standing Licensed: 28 Years

CONTACT

444 S Flower St, Los Angeles, CA 90071

Rena E. Kreitenberg

Corporate, Business Organization, Banking & Finance, Bankruptcy

Status: In Good Standing Licensed: 36 Years

CONTACT

644 S Figueroa St, Los Angeles, CA 90017

Ronald P. Slates

Corporate, Business Successions, Business Organization, Bankruptcy

Status: In Good Standing Licensed: 56 Years

CONTACT

500 S Grand Ave, Los Angeles, CA 90071

800-923-0641

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LEGAL TERMS

BANKRUPTCY TRUSTEE

A person appointed by the court to oversee the case of a person or business that has filed for bankruptcy. In a consumer Chapter 7 case, the trustee's role is t... (more...)

A person appointed by the court to oversee the case of a person or business that has filed for bankruptcy. In a consumer Chapter 7 case, the trustee's role is to gather the debtor's nonexempt property, liquidate it and distribute it proportionally to her creditors. In a Chapter 13 case, the trustee's role is to receive the debtor's monthly payments and distribute them proportionally to her creditors.

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.

INTEREST

A commission you pay a bank or other creditor for lending you money or extending you credit. An interest rate represents the annual percentage that is added to ... (more...)

A commission you pay a bank or other creditor for lending you money or extending you credit. An interest rate represents the annual percentage that is added to your balance. This means that if your loan or credit line has an interest rate of 8%, the holder adds 8% to the balance each year. More specifically, interest is calculated and added to your loan or credit line through a process called compounding. If interest is compounded daily, the balance will rise by 1/365th of 8% each day. If interest is compounded monthly, the balance will rise 1/12th of 8% at the start of each month.

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.

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.

UNSECURED DEBT

A debt that is not tied to any item of property. A creditor doesn't have the right to grab property to satisfy the debt if you default. The creditor's only reme... (more...)

A debt that is not tied to any item of property. A creditor doesn't have the right to grab property to satisfy the debt if you default. The creditor's only remedy is to sue you and get a judgment. Compare 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.

SUBROGATION

A taking on of the legal rights of someone whose debts or expenses have been paid. For example, subrogation occurs when an insurance company that has paid off i... (more...)

A taking on of the legal rights of someone whose debts or expenses have been paid. For example, subrogation occurs when an insurance company that has paid off its injured claimant takes the legal rights the claimant has against a third party that caused the injury, and sues that third party.

NONEXEMPT PROPERTY

The property you risk losing to your creditors when you file a Chapter 7 bankruptcy or when a creditor sues you and wins a judgment. Nonexempt property typicall... (more...)

The property you risk losing to your creditors when you file a Chapter 7 bankruptcy or when a creditor sues you and wins a judgment. Nonexempt property typically includes valuable clothing (furs) and electronic equipment, an expensive car that's been paid off and most of the equity in your house. Compare exempt property.

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North Hollywood Bankruptcy & Debt Lawyer, California, page 8

Sponsored Law Firm

Bayer Wishman & Leotta

SPONSORED LAWYERS

Carolin K Shining

Edward M. Wolkowitz

Philip A. Gasteier

Timothy J. Yoo

Christopher Bryan Good

Mark Jonathan Hayes

Dennis P. Riley

Samuel E. Chilakos

Rena E. Kreitenberg

Ronald P. Slates

TIPS

LEGAL TERMS

BANKRUPTCY TRUSTEE

UNDUE HARDSHIP

INTEREST

GRACE PERIOD

DISPOSABLE INCOME

UNSECURED DEBT

CHAPTER 7 BANKRUPTCY

SUBROGATION

NONEXEMPT PROPERTY

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