Debt Settlement vs. Bankruptcy: Are You Being Led Down the Right Path?

DiMarco Warshaw, A Professional Law Corporation Team

Nobody intends to get into debt without the means to pay it off. More often than not, debt accumulates for reasons that are completely unexpected or beyond our control. Whatever the reason, though, the burden of carrying large debt creates an overwhelming feeling. And, life is too short to live under this type of financial stress so one must seek relief and eliminate the debt burden sooner than later.

Furthermore, persons buried by debts may feel desperate making them vulnerable to biased, unethical, and in some cases predatory practices of some service providers using hardcore marketing tactics.

Since there are a variety of solutions to address getting out of debt, it’s important to be cautious and not to jump into what seems easy without first stepping back and considering all of the benefits and consequences of each option. The possible resolutions include refinancing a mortgage, consolidating in a new loan, setting up an affordable repayment plan, transferring credit card balances to low-interest accounts, negotiating discounted settlements on the debt, filing bankruptcy under Chapter 7, 11, or 13, or selling off an asset, such as real estate.

With all the reasons for accumulating unmanageable debt, and all the possible solutions to consider, it’s critical that you speak with a knowledgeable professional to get the right advice for your specific circumstances. Your short-term and long-term goals must be addressed when determining how to go about achieving the best results.

When seeking advice, however, many people become confused about what to do because they hear vastly different opinions from professionals of different fields of practice. Worse yet, people may take the wrong advice (and waste valuable money and time) due to the bias of the advisor with narrow or limited experience.

Think about it, even with reputable and legitimate service providers, if you first talk to a bankruptcy attorney, that person will tell you to file bankruptcy. But when you talk to a debt relief agency, that representative will tell you your problems will be solved by making monthly payments to their company. A loan broker will try to get you a new loan, and a real estate agent will tell you the best thing is just to sell your home to repay the debt. Right? It’s like the old adage regarding back pain. A surgeon will want to solve the problem with surgery, a chiropractor with adjustments, a pharmacist with medication, etc.

Darren DiMarco, on the other hand, offers the full spectrum of professional services relating to resolving debt, and his 20+ years of experience allows him to provide knowledgeable, unbiased, advice to customize solutions for his clients. In fact, unlike other professionals who might lead prospective clients in a direction that best suits the business practices, Darren DiMarco advises and then guides his clients in the direction that is best for each of their individual situations.

Darren DiMarco is a California Attorney with over 20 years of experience handling bankruptcies, debt settlements, foreclosure prevention, loan modifications, and short-sale negotiating. He’s also a California Real Estate Broker and licensed Mortgage Loan Originator with over 20 years of experience handling all types of sale transactions, refinances, and loan consolidations.

Andy Warshaw is a California Attorney and is certified by the State Bar of California as a Specialist in Bankruptcy Law.

To speak to an experienced attorney with your best interests in mind, schedule a free evaluation here or call us directly at 888-890-5474.  Or, you can email us at:

Client Reviews

"Darren did some work for me and helped me kick-start getting out of debt completely! He was a major help. He consistently followed-through, followed up, and made every step of the process very simple for me to understand. He did a very thorough job and was always readily available for my questions...

- Janessa I.

"Was blessed to come across Darren through a Yelp search when an issue arose. I wasn't sure who to call or even what kind of advice I was looking for. From our initial consultation, he reassured me that there were options and he offered advice/strategies all along the way. In fact, I think he gave...

- Mandy D.

"I called 5 different professionals in North San Diego and requested financial counsel for personal debt. Darren DiMarco returned my call the same day, and educated me during our conversation. He advised me of what I should know before choosing a professional. Very honest and easy to build a rapport...

- Mark M.

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