Leon Bayer is a Los Angeles attorney, and is a Certified Specialist in Personal and Small Business Bankruptcy Law by the State Bar of California. A practicing attorney since 1979, Mr. Bayer is a founding partner in the law firm of Bayer, Wishman & Leotta . He has served as President of the Los Angeles Bankruptcy Forum; Member-Los Angeles County Bar Association Committee on Commercial Law & Bankruptcy; Law Advisory Commission-Personal & Small Business Bankruptcy Law of the State Bar of California.

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A Simplified Guide To Understanding Consumer Bankruptcy**

LEON D. BAYER*
Partner: Bayer, Wishman & Leotta

JEFFREY WISHMAN*
Partner: Bayer, Wishman & Leotta

*Certified Specialist, Personal and Small Business Bankruptcy Law
By the Committee for Legal Specialization, State Bar of California

**Emphasis on Bankruptcy Practice in California
Copyright 2001, 2002, 2003

BAYER, WISHMAN & LEOTTA
Attorneys at Law
888 South Figueroa Street, Suite 1970
Los Angeles, CA 90017
213-629-8801

Table of Contents:

A Quick Overview
Chapter 7-Discharging Debts
Exempt Property - Assets That Are Protected
Possible Denial Of Chapter 7 For Substantial Abuse
Chapter 7 Effect On Liens
Reaffirmation Of Debts
Reaffirmation Not Always Required
Debts Not Affected By Discharge
The Automatic Stay
Why Chapter 13?
Chapter 13 Can Cure A Default
13 Example-Motor Vehicles
The Chapter 13 Plan
13 Plan-Classification Of Debts
13 Plan-The “Cram-Down”
13 Plan-The Confirmation Process
Creditor’s Rights-Protecting the Creditor’s Position

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