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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Our Consumer's Guide to the New Bankruptcy Law
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The Chapter 7 Bankruptcy


Discharge of debt. The basic premise behind Chapter 7 is that the debtor is deeply insolvent and wants to gain a discharge of debts. Most Chapter 7 debtors today are primarily concerned with credit card debts. It is not uncommon to see Chapter 7 cases for individuals that have credit card debts exceeding their annual income, sometimes double or even triple what their annual income may happen to be. For such an individual, Chapter 7 holds out the promise of gaining relief from those debts.


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