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

March 2015 Archives

The full range of options when considering a bankruptcy filing

For some Escondido residents, financial problems are a creeping issue that only seems to be out of control after years of problems finally catch up. For others, a sudden life event, like a divorce or a medical issue, could throw a carefully planned and stable financial plan completely off the rails. In some cases, a personal bankruptcy filing may be the right decision.

Restrictions on creditors in California

Whether they like it or not, some Escondido residents may come into contact with collection agencies at some point in their lives. Creditors are often willing to work with a borrower, to a certain extent, if a financial hardship arises, but if no solution is in sight, they will often turn to collection agencies to attempt to recover some of the debt that is owed.

How many people file for bankruptcy, and why?

Our Escondido readers know that filing for bankruptcy is one of the most efficient ways to address overwhelming debts of all kinds. Each year thousands of California residents file for personal bankruptcy and most of them are able to get out from under a crushing debt burden. But how common is filing for bankruptcy nationwide?

Considering bankruptcy alternatives

Most people don't consider filing for bankruptcy until they have explored every other available option. In many cases, this is the prudent thing to do. After all, there are many different ways for California residents to address their financial issues, even the most serious ones.