Akron Credit Card Debt Lawyer
While bankruptcy laws have always been somewhat complex, changes to the Bankruptcy Code in 2005 have added even more hurdles for consumers seeking debt relief. At the law office of Vance P. Truman, Attorney at Law, in Medina, Ohio, we often find that our clients have been misinformed about bankruptcy laws due to the many myths that exist about bankruptcy.
Do not let bankruptcy myths prevent you from getting the help you need. Debt relief is only a telephone call away. Call 330-441-4673 or toll free at 866-478-8097 for a free consultation.
"I Will Not Qualify for Bankruptcy."
Despite the additional hurdles to filing for bankruptcy, it still remains the most effective way to discharge or reorganize debts. A Chapter 7 filing requires a person to fall below the state's median income. If your income is above that amount, you can still achieve debt relief through Chapter 13 debt reorganization.
"I Will Lose Everything I Own."
There will not be a truck that shows up to your house to take away all of your possessions following a bankruptcy filing. You would be surprised at what you can keep, including retirement accounts, and possibly even your home threatened with foreclosure and a car facing possible repossession.
"I Will Not Be Able to Get Credit Again."
While your credit will be affected and major credit lines may be initially unavailable, the competitiveness of the lender market could lead to you securing a credit card or car loan in the future. The interest rates will likely be higher, but with careful financial planning, you can rebuild your credit.
Contact a Canton Bankruptcy Myths Lawyer
For more information, or to schedule an appointment with an experienced lawyer to discuss the myths surrounding bankruptcy, please contact us.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.
