Akron Filing Bankruptcy Lawyer
If you are struggling with debt, filing for bankruptcy is likely the best way to achieve a fresh start and have the opportunity to rebuild your credit score. As you embark on this process, you need more than an attorney; you need a friend. At the law office of Vance P. Truman, Attorney at Law, we provide skilled representation to consumers in Medina, Akron, Canton and surrounding area of Ohio.
Do not let misconceptions about losing assets prevent you from getting the help you deserve. Call us at 330-441-4673, or toll free at 866-478-8097, for a free consultation with a Canton bankruptcy exemptions lawyer.
Bankruptcy Exemptions
One of the most common misconceptions about Chapter 7 bankruptcy is that you will lose all of our assets when you file. This is usually not the case. Certain property is exempt and may not be taken by creditors unless it is encumbered by a valid mortgage or lien. A person is usually allowed to retain his or her unencumbered property through exemptions such as:
- Homes — $20,000 for each title holder ($40,000 per couple)
- Automobiles — $3,450
- Real estate — $21,625
- Household — $525
- Personal injury settlements — more than $21,000
In addition to the exemptions listed above, workers' compensation payments are exempt from the bankruptcy process as are retirement plans and pensions.
There Is Hope — We Can Help You Get a Fresh Start
At the law firm of Vance P. Truman, Attorney at Law, you will work with only one bankruptcy attorney — Vance P. Truman, the founder of our firm. He will give you the facts, not the misconceptions that may have been preventing you from seeking help. Contact us today for a free consultation.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.
