The economic difficulties facing many individuals and businesses have resulted in an increase in defaulted loans and foreclosure proceedings by banks and mortgage companies. The pressure placed on banks and other lenders to recover loan collateral or to establish deficiency judgments leads them to use the services of Ballato Law Firm. While the prospects of bankruptcy and bad debt write-offs are always a possibility, the legal services of Mike Ballato and his staff have often been successful in obtaining judgments and thereafter working with delinquent borrowers in establishing payment arrangements in lieu of those customers filing for Chapter 7 or Chapter 13 relief. At the same time, the use of garnishments and debtor interrogatories remain as useful backups to enforce judgment liens or to obtain financial information.