The very best thing about bankruptcy is that it gives you a chance to escape the growing flood of debt
that threatens to drown you. As debt increases, for some, it compounds in a variety of ways. What might
be a feasible debt to pay by itself becomes a drop in the ocean as interest accrues, often causing bills to
grow to unfathomable depths. Bankruptcy can be one answer to that, but any highly qualified Oxnard
bankruptcy attorney will also point out that debt reduction may be a less expensive, more easily
obtained method for handling the issue. Debt reduction works by negotiation. As your attorney guides
you, bills that were once increasing exponentially, now are halted in growth and become payable in
monthly installments that won’t sink you. In most cases, debt reduction will be welcome by your
creditors as they stand to recoup a much higher level of their loan, perhaps the entire principal, than
they might under bankruptcy. With debt reduction, too, your credit rating may be more resilient.
If debt reduction is not an option, you are likely to file for either Chapter 7 or Chapter 13 bankruptcy.
Any Oxnard bankruptcy attorney can help you better understand each of these options, but none will be
better prepared to advocate for your needs than the team at Brent George Law is. With over 20 years’
experience in the field and in the community, this team is prepared to act swiftly and effectively to help
eliminate the stress in your life that has you flailing in a sea of troubles and despair.
For additional information regarding bankruptcy, please contact Brent George Law at www.brentgeorgelaw.com.