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

Helping Escondido residents find debt relief through bankruptcy

There is no shortage of options for Escondido residents who find themselves facing financial hardships. Some will consider debt consolidation options, while others may try to shift credit card debt from one card to another under a favorable balance transfer offer. Many will institute a strict household budget, tamping down on expenses and savings in order to devote as much money toward paying down debt as possible. However, for some individuals and families in Escondido, the debt solution they need may come from a bankruptcy filing.

The thought of filing for personal bankruptcy can be intimidating for some people. They may think that filing for bankruptcy is shameful, or that it shows that they are irresponsible with their money. However, it is important to realize that the bankruptcy laws are in place for consumers to use when their debt situation has become overwhelming. The laws are there to be used.

As for the reasons that a person may end up filing for bankruptcy, they are many. Some will suffer an unexpected job loss, dealing a devastating blow to the household finances with that loss of income. Others may have been diagnosed with a serious medical condition, an issue that quickly siphons off savings and reduces income earing ability. It's not everyone who is filing for Chapter 7 bankruptcy because they have accumulated too much credit card debt due to overspending.

At our law firm, we attempt to help Escondido residents who are facing serious debt issues. For more information on how filing for bankruptcy might be able to help you with your financial hardships, please visit our website.

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