The Academy for Consumer Bankruptcy Education Posts Chapter 13 Article by Leon Bayer


The prestegious  Academy for Consumer Bankruptcy Education, of the National Association of Chapter 13 Trustees, has posted an article on their web site written by Los Angeles Bankruptcy Specialist Leon Bayer.  The Academy’s website serves as a resource for anyone involved in consumer bankruptcy issues, specifically Chapter 13. The site contains a great deal of information which is extremely valuable to consumers and to insolvency professionals. We are very proud to have professional writings from Bayer, Wishman & Leotta appearing on that site and receiving peer recognition.

The title of the article is THE NEW BANKRUPTCY MATH and it details the problems awaiting self-represented persons who attempt to file Chapter 13 bankruptcy in Los Angeles, California without having a lawyer represent them. Mr. Bayer’s article is found at THE NEW BANKRUPTCY MATH: [Your Chapter 13 Case] + [No Lawyer] = [Zero Success Rate].

The Academy is a 501c3 organization, and is an outgrowth of The National Association of Chapter Thirteen Trustees, (NACTT), which was founded in 1965.   NACTT is represented by more than 1,000 members serving in all 50 states in the U.S. and in Puerto Rico.  The Academy seeks to educate the general public as well as legal and financial professionals about the benefits of Chapter 13 in order to maximize the effectiveness of filings.

The Academy has created a website,, which provides  information about Chapter 13, including bankruptcy forms, model repayment plans, statistics, and filing information. also will offer links to additional helpful websites including those of individual Chapter 13 trustees, U.S. Bankruptcy Courts, the National Association of Chapter Thirteen Trustees, the National Association of Consumer Bankruptcy Attorneys, the American Bankruptcy Institute, the American Board of Certification, the American College of Bankruptcy, the Internal Revenue Service, as well as selected articles and blogs.

The Acadamy states that under Chapter 13, debtors have the opportunity to enter into repayment plans which allow them to maintain control over and save their major assets, including homes, cars and retirement savings.  In contrast, in Chapter 7, debtors lose control of such decisions and a Chapter 7 Trustee is appointed to, among other duties, liquidate the debtors’ non-exempt assets.