Vance P. Truman, Attorney at Law
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330-591-4729

chapter 13 Archives

Chapter 13 bankruptcy can provide you with financial stability

A bankruptcy filing is something often viewed as a negative event in a person's life. This doesn't have to be the case. If you are considering filing for Chapter 13 to reclaim your financial future, you should look at this as a good opportunity to start fresh. We understand that you might have questions that you need answered. We are here to help ensure you understand the process so that you can get things going quickly.

Chapter 13 bankruptcy often chosen for longer payment plans

Bankruptcy is sometimes a hard word to hear, but it can be a new beginning after difficulty with debt. Despite the importance of understanding bankruptcy, many myths persist about it that can damage someone's chances of learning how to manage extreme debt.

New Ohio bankruptcy ruling complicates mortgage modifications

Debt is never easy to deal with, and bankruptcy is designed to make excessive debt possible to recover from. The two main types of personal bankruptcy, Chapter 7 and Chapter 13, allow for people to maintain some assets during the recovery process or allow a trustee to sell assets off and settle debts.

Debt settlement may be worse than bankruptcy

Bankruptcy is often a misunderstood concept, especially since those who face it are likely to be frightened and confused by the situation they are in. A lack of understanding about the details of types of bankruptcy can lead people to make rash decisions and end up spending more time and money on the road to financial health.

Bankruptcy filings on the rise in northern Ohio

Bankruptcy filings in northern Ohio are on the rise this year after seven years in decline. Individuals and families looking for a fresh financial start in the region have increased in four of the last seven months, with June and July 2017 showing troubling double-digit increases on previous year-on-year periods.

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689 Lafayette Rd.
Medina, OH 44256

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