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

August 2015 Archives

Getting the right information about filing for bankruptcy

The many questions that Escondido residents may have about filing for bankruptcy can make some people simply decide that going through the process isn't worth the effort, and as a result their financial situation continues to slide downhill. Some people would call this sticking your head in the sand, but the reality is that trying to decide whether or not a personal bankruptcy action is right for you can indeed be daunting.

Do you qualify for Chapter 7 bankruptcy?

Anyone who is familiar with previous posts here probably knows quite a bit about the pros and cons of filing for Chapter 7 bankruptcy. By filing for Chapter 7 bankruptcy an Escondido resident can discharge debt, fend off collectors and hopefully point their financial trajectory in a more positive direction. But, the first step is to determine the answer to a not-so-simple question: do you even qualify for Chapter 7 bankruptcy?

How delinquent payments effect San Diego credit card debt

Some San Diegans struggle with credit card debt in different ways. For some people, the problem is all about the sheer amount of debt. For others, the problem is remembering to make payments every month, on time. The difference between these two problems is that even if people have a large overall amount of debt, sometimes, as long as they make at least the minimum monthly payment, and they pay it on time, their credit score will not take too much of a beating. That is not always the case with delinquent payments.

Movie studio files for Chapter 11 bankruptcy

Many of our Escondido readers have probably had the chance to get out to the movies this summer. There have been plenty of blockbusters to choose from during the typically ramped-up summer movie season, but there have been plenty of movies that have underperformed as well. For one movie studio, it appears that a track record of underperforming movie productions may have played a role in the recent decision to file for Chapter 11 bankruptcy.