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About Los Angeles Bankruptcy Lawyer Leon D. Bayer
Expertise
Personal and small business bankruptcy. Mr. Bayer has successfully handled thousands of bankruptcy cases. You can view his personal web site at:

Experience

Publications
Author, ?The Essentials Of Chapter 13,? Daily Journal Report, December 18, 1987.
Contributing Editor, Basic Bankruptcy, California Practice Handbook, Matthew Bender 1992, 1993.
CEB Consultant, CEB-Personal and Small Business Bankruptcy Practice in California, 2003.

Awards and Honors
President, 1995-1996-Los Angeles Bankruptcy Forum; Member - Los Angeles County Bar Association Committee on Commercial Law & Bankruptcy, 1988. Law Advisory
Commission-Personal & Small Business Bankruptcy Law of the State Bar of California, 1996-2000

MR. BAYER SAYS: The big banks and credit card companys have been working overtime for many years to undermine the Consitutional right of the American people to be able to claim bankruptcy protection. In 2005 the banking lobby successfully convinced Congress and the President to make the laws and proceedures more complicated, hopeing that it will stymie legitimate people from filing bankruptcy. They succeeded in gaining these complex new legal proceedures by greasing the legislative system with hundreds of millions of dollars in "campaign contributions." The good news for the American people is that while the new laws have made the proceedures needlessly complex to the point where inexperienced people can't help but trip over the maze of new rules and regulations, the process is still doable, especially with a lawyer who is well trained and experienced in this specialty.

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Bankruptcy Law - QUESTIONS

Expert: Los Angeles Bankruptcy Lawyer Leon D. Bayer - 10/24/2009

Question
HI.....if a person files for bankruptcy, I am told all the collection of debt from the harassers will temporary stop..and only resume if the bankruptcy is not completed.....
so...how long does the bankruptcy HAVE TO be completed once a person files???
also
(2).....if you just only FILE for bankrupcty and NEVER GO THROUGH WITH IT....does THAT wreck your credit? If so, how?? Points go down???
(3)..
also.if you know the answer to this question let me know.
I was told you can make a minimum payment on ANY medical bill of $5.00 per month and make the payment ON TIME...
then
the hospital can NOT come after you for more, NOR wreck your credit in any way, shape or form....
...For example: If a person owed $500 to one hospital and $100 to another....etc etc..........you pay five bucks a month to each place, on time, and they HAVE TO ACCEPT THAT and NOT report you as late, and NOT report you as NOT paying the monthly bill in full.

Is this TRUE for the State of California now?

Thanks.....

Answer
1. The average case goes through the court system in about 4 months.

2. If you file but don't go through with it, the dismissed BK will appear on your credit.

3. Paying a token payment on your debts to avoid all negative consequences is just an urban myth, it is totally untrue. Think about that, if people could get away with paying just $5 bucks instead of what you are supposed to pay, nobody would ever pay what they owe and the entire commercial world would collapse. If you don't believe me, suppose I try going into a supermarket, fill up my cart with lots of food, and try leaving just $5 at the cashier instead of what I owe, and I walk out the door...how many yards out the door do you think I would get before I am arrested?

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