Vance P. Truman, Attorney at Law
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chapter 7 Archives

The benefits of filing for Chapter 7 bankruptcy

Bankruptcy can easily feel like failure when someone is facing the prospect, but it has many qualities for debtors that make it a fresh start. It is a way out of overwhelming debt that respects debtors' rights as well as creditors' needs when dealing with property and assets.

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?

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689 Lafayette Rd.
Medina, OH 44256

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