Ventura Bankruptcy Lawyers & Oxnard Credit Card Debt Relief
Law Office of Michael H. Raichelson understands how credit cards can cause serious problems for people, especially in the current economy. Low introductory rates and high interest payments can result in a few purchases or missed payments snowballing into overwhelming debt that it may seem impossible to get out of. Our Ventura bankruptcy attorneys know how stressful credit card debt can be and we also recognize the relief that comes from finding a solution. For nearly 20 years, our attorneys have helped clients break the cycle of credit card debt and get a fresh start.
Chapter 7 and Chapter 13 Bankruptcy Can Eliminate Credit Card Debt
While many people feel embarrassed or guilty about credit card debt, it is one of the most common reasons to consider filing for personal bankruptcy. Credit card companies take advantage of the consumer in many subtle ways and even people who are careful about their finances can end up with large balances due to missed payments and high interest rates. Many people use credit cards a way of buying necessities during tough times and with the economy slow to recover, it is easy to see how debt can quickly accumulate and become overwhelming.
Law Office of Michael H. Raichelson provides solutions to clients in financial distress, teaching clients how to use credit card laws to their advantage and improve their financial health. Chapter 7 and Chapter 13 bankruptcy have helped many people eliminate credit card debt and our bankruptcy lawyers can personally guide you through every step of the way. In California, Chapter 7 bankruptcy allows consumers to completely discharge their credit card debt. Our attorneys can determine whether you qualify for Chapter 7 bankruptcy, or if you would be better served by filing for Chapter 13 bankruptcy, which allows you to pay back a portion of your credit card debt at a favorable rate over a three-to-five year period. When you file for bankruptcy, creditor harassment stops immediately and the rest of your credit card debt will be discharged at the end of the repayment period.
Alternatives to Personal Bankruptcy
The debt relief attorneys at the Law Office of Michael H. Raichelson personally work with each client to determine the best strategy for relieving credit card debt and there are times when personal bankruptcy is not the best option. An experienced Oxnard bankruptcy attorney can help you negotiate with your creditors and form a debt settlement plan that consolidates debt while eliminating late fees and interest payments.
Many people attempt to handle their credit card debt by working with loan modification and debt settlement companies. This can be extremely risky, as they are motivated by profit and rarely have the ability to legally enforce modifications. Creditor harassment can still occur as well. When you retain the services of the Law Office of Michael H. Raichelson, you can be sure that an experienced Ventura County bankruptcy attorney is vigorously defending your interests while creditors and collection agencies deal directly with us.
Talk to a Ventura County Lawyer about Your Credit Card Debt
If you are concerned about credit card debt, the best thing you can do is talk to an experienced California bankruptcy attorney who can put you on the right track to a fresh start. Contact Law Office of Michael H. Raichelson at 818-444-7770 for a free initial consultation. Our offices serve Oxnard, Ventura County and Los Angeles County.