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

September 2015 Archives

When a creditor challenges a bankruptcy discharge

Many Escondido residents have been able to take advantage of the benefits of filing for bankruptcy over the years. They have been able to discharge debt, put an end to creditor harassment and gain a fresh start for their financial prospects. In many of these cases, the proceedings go smoothly and the whole ordeal is wrapped up within a matter of months. However, when a creditor challenges the discharge of a certain debt during the bankruptcy filing, the proceedings can screech to a grinding halt.

What can you do to avoid debt after a bankruptcy filing?

Millions of Americans have gone through the bankruptcy process, eliminating debt and getting a fresh start. Our readers who are familiar with previous posts here probably know by now that there are a variety of benefits that Escondido residents could take advantage of in a bankruptcy filing: wiping out debt, putting an end to creditor harassment and doing away with the monthly angst of not being able to make even minimum payments on debts.

A reorganization plan in Chapter 11 bankruptcy

Any of our readers who are familiar with previous posts here regarding Chapter 11 bankruptcy probably remember that submitting a reorganization plan is a key part of the bankruptcy process. The plan is not only focused on debt reorganization, but also on potential reorganization moves within the company in order to streamline operations and - hopefully - return to profitability.

Using personal bankruptcy to discharge debt

Facing financial challenges is an unfortunate but necessary part of everyday life for millions of Americans, including many Escondido residents. The national economy has, fortunately, rebounded from the depths of the so-called "Great Recession," but the effects from that period of time are still being felt by many people. Some people, perhaps even some of our readers, may have gotten through those tough times only be relying on credit cards when their income suddenly wouldn't allow them to pay their monthly bills. And those very people could still be in the process of attempting to pay off those balances.