Vance P. Truman, Attorney at Law
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Why do so many NFL players face bankruptcy?

The amount of money that NFL players make is public knowledge, and people are often astounded by the totals -- with some players bringing in $20 million per year or more. However, you may also have heard that many of them will later face bankruptcy, despite earning more in a single year than some people earn in their lives. In fact, some studies have said that 80 percent of players who retire from the NFL go broke just three years later. Why does this happen?

Considering bankruptcy when life takes unexpected turns

No one expects to file for bankruptcy. It's a terrific tool to use in certain cases, but no one sets out with it as the goal. Instead, it's something that's often necessitated by things that are out of your control. These unexpected events can make it the most attractive option to help get life back on track.

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Medina, OH 44256

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