Vance P. Truman, Attorney at Law
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Posts tagged "bankruptcy"

Common bankruptcy myths

Many people are under the impression that filing for bankruptcy can cause them to lose their homes and cars. These individuals may already be drowning in debt and struggling to make payments to keep their homes out of foreclosure and their vehicles out of repo status. Bankruptcy can help those who are having trouble with debt to overcome their financial issues and save their property, in some cases.

Disclose all assets or put exempt property at risk

Filing for bankruptcy is an option when your debt seems out of control. Usually, it is a great way to protect some of your assets, especially those that are used in the production of income. But what happens if you forgot to mention that $150,000 you received when you sold your home? Or the cash you have sitting in the offshore account?

Will you lose your house if you file Chapter 7 bankruptcy?

One of the most terrifying things about deciding to file for bankruptcy is the possibility of losing your assets, including your home, your personal vehicle, and anything else of value you've acquired, purchased, or inherited over the years.

Myths surrounding bankruptcy

"Bankruptcy" often feels like a huge intimidating word looming over our heads when we're facing severe debt, but in reality, there are a lot of false ideas about bankruptcy that make it seem scarier than it is.

Post-bankruptcy: Cultivating a new attitude about credit card use

For most of us, debt problems begin with credit cards. If we lose our jobs or have a health problem or get divorced, we turn to our credit cards "just temporarily."

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