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

Determining whether San Diego bankruptcy is the best option

At our law firm, we attempt to help San Diegans through the bankruptcy process. We know San Diegans can be daunting and, at times, confusing for people who do not have any type of experience with this kind of financial option. Those who have decided to file for personal bankruptcy protection usually have all kinds of questions. At our law firm, we do our best to explain the bankruptcy process, so our clients are satisfied with the answers they receive.

But, before filing for bankruptcy, there is another step that we help our clients and potential clients with determining whether a bankruptcy filing is truly the best option. After all, every person's financial situation is unique, and sometimes, there are other options that may provide more of a debt solution.

For instance, what if the most pressing problem that a person is facing is paying their monthly mortgage payment? Some of our Escondido readers may not know it, but when a person is facing temporary financial hardship that hinders the ability to pay the monthly mortgage payment, it may be possible to secure a mortgage modification through direct negotiations with the lender. Everyone faces hard times with their finances at some point in life, and the mortgage company's main goal is to have the entire loan repaid. Faced with the option of foreclosure or working with a willing borrower, a smart mortgage company will usually make some concessions if there is a recovery in sight.

Filing for bankruptcy will discharge debt and allow a person to proceed in the aftermath with a clean slate. Nonetheless, at our firm, we always evaluate our clients' cases to determine whether that step is necessary at that point in time. For more information about how our firm explores all options, please visit the bankruptcy alternatives page of our website.

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