Pasadena Bankruptcy & Debt Lawyer, California, page 5

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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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James Kenneth Sweeney

Wills & Probate, Divorce, Business, Collection

Status: In Good Standing

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490 S Rosemead Blvd, Arcadia, CA 91007

Tom Chen

Employee Rights, Corporate, Credit & Debt, Personal Injury

Status: In Good Standing Licensed: 29 Years

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208 E Valley Blvd, San Gabriel, CA 91776

George Karl Rosenstock

White Collar Crime, Antitrust, Credit & Debt, Products Liability

Status: In Good Standing Licensed: 40 Years

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345 east foothill, Pasadena, CA 91107

David Alan Tilem

Other, Government, Bankruptcy, Bankruptcy & Debt

Status: In Good Standing

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206 N Jackson St, Glendale, CA 91206

Anita Khachikyan

Trusts, Workers' Compensation, Credit & Debt, Personal Injury

Status: In Good Standing

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126 S Jackson St, Glendale, CA 91205

Roland Kedikian

Bankruptcy, Bankruptcy & Debt, Credit & Debt

Status: In Good Standing

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220 S Kenwood St, Glendale, CA 91205

Philip Eberhard Koebel

Education, Civil Rights, Contract, Credit & Debt

Status: In Good Standing Licensed: 17 Years

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Pasadena, CA 91109

Zachary Schwake

Litigation, Employee Rights, Corporate, Credit & Debt

Status: In Good Standing Licensed: 10 Years

CONTACT

385 E Colorado Blvd, La Canada Flintridge, CA 91101

Bryan James Harrison

Family Law, Criminal, Bankruptcy, Personal Injury

Status: In Good Standing Licensed: 13 Years

CONTACT

301 E Colorado Blvd, Pasadena, CA 91101

Wesley Howard Avery

Litigation, Bankruptcy, Bankruptcy & Debt

Status: In Good Standing Licensed: 33 Years

CONTACT

758 E Colorado Blvd, La Canada Flintridge, CA 91101

800-923-0641

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LEGAL TERMS

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.

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.

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.

CCCS

See Consumer Credit Counseling Service.

C CORPORATION

Common business slang to distinguish a corporation whose profits are taxed separate from its owners under subchapter C of the Internal Revenue Code, from an S c... (more...)

Common business slang to distinguish a corporation whose profits are taxed separate from its owners under subchapter C of the Internal Revenue Code, from an S corporation, whose profits are passed through to shareholders and taxed on their personal returns under subchapter S of the Internal Revenue Code.

CHAPTER 13 BANKRUPTCY

The reorganization bankruptcy for consumers, in which you partially or fully repay your debts. In Chapter 13 bankruptcy, you keep your property and use your inc... (more...)

The reorganization bankruptcy for consumers, in which you partially or fully repay your debts. In Chapter 13 bankruptcy, you keep your property and use your income to pay all or a portion of the debts over three to five years. The minimum amount you must pay is roughly equal to the value of your nonexempt property. In addition, you must pledge your disposable net income -- after subtracting reasonable expenses -- for the period during which you are making payments. At the end of the three-to five-year period, the balance of what you owe on most debts is erased.

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.

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.

GARNISHMENT

A court-ordered process that takes property from a person to satisfy a debt. For example, a person who owes money to a creditor may have her wages garnished if ... (more...)

A court-ordered process that takes property from a person to satisfy a debt. For example, a person who owes money to a creditor may have her wages garnished if she loses a lawsuit filed by the creditor. Up to 25% of a person's wages can be deducted.

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Pasadena Bankruptcy & Debt Lawyer, California, page 5

Sponsored Law Firm

Bayer Wishman & Leotta

SPONSORED LAWYERS

James Kenneth Sweeney

Tom Chen

George Karl Rosenstock

David Alan Tilem

Anita Khachikyan

Roland Kedikian

Philip Eberhard Koebel

Zachary Schwake

Bryan James Harrison

Wesley Howard Avery

TIPS

LEGAL TERMS

LIABILITY

SECURED DEBT

COSIGNER

CCCS

C CORPORATION

CHAPTER 13 BANKRUPTCY

BULK SALES LAW

DEFINED CONTRIBUTION PLAN

GARNISHMENT

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