Law Office of Judith A. Descalso Law Office of Judith A. Descalso

May 2014 Archives

Production company surprises employees with Chapter 11 filing

California is home to Hollywood, and as such our state probably has more companies involved in the production of movies and television shows than any other. However, even those companies that have experienced relative success in the past may not always be able to keep the profits churning, and that appears to be the case for one company that has locations in both Santa Monica and Hollywood.

Are the terms of your credit card account negotiable?

Many of our Escondido readers dread receiving their credit card bills in the mail each month. Not only do these statements point out the thousands in credit card debt that is owed, but they also point out the often very high interest rate that applies to the balance, as well as the minimum payment - which by itself can seem daunting for the average person who is simply struggling to make ends meet in today's troubled economy. With all of these terms spelled out, sometimes in bold lettering, these monthly statement can seem more like contracts in which the only party getting what they want is the credit card company.

How does filing for bankruptcy impact the family home?

For Escondido residents who are considering filing for bankruptcy, there are often more questions than answers. And those questions can be tough, because many people just don't know a whole lot about the process. All that most people know about filing for bankruptcy is the common, and sometimes misleading, perception that the process wipes out debts while at the same time ruining the filer's credit. There is no doubt that filing for bankruptcy comes with pros and cons to consider, but for most people their primary concern is what will become of the family home.

Getting down to the nitty gritty details about credit cards

Millions of Americans use credit cards on a daily basis for a variety of reasons. Some use credit cards on every purchase simply to accumulate those enticing rewards that so many of the credit card companies hold out in front of consumers' noses in an attempt to get them to use their cards. Those same people will usually pay their credit card balances in full each month. However, the unfortunate reality is that many people use their credit cards because they have no other choice - they don't have enough money in the bank, and they need to buy the necessities for their family. But the fact is that many people, no matter how or why they use credit cards, often don't know much about these complicated financial tools - and as a result they end up with massive credit card debt.