Ohio Chapter 7 Bankruptcy, Chapter 13 Bankruptcy and Debt Relief Attorney

Vance P. Truman, Attorney at Law

689 Layfayette Road Medina, Ohio 44256 USA

 (330) 441-4673 or (866) 478-8097
 (330) 722-3410

www.vancetruman.com
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Law Firm Overview Free Consultation

At the law office of Vance P. Truman, Attorney at Law, we provide a higher level of personalized representation in consumer bankruptcy cases. When times are financially challenging and your stress level is rising over insurmountable debts, you need advocacy. You need more than an attorney; you need a friend. We understand that unexpected events and tragedies in your life — such as divorce, job loss or a medical emergency — can turn the most stable financial picture into pure chaos.

At the law firm of Vance P. Truman, Attorney at Law, we can help you. We do not run a bankruptcy mill, and you will not be passed around to multiple lawyers. You will work with only one experienced bankruptcy attorney, Vance P. Truman, the founder of our firm. He will provide you with the facts, and dispel the misconceptions that may have initially prevented you from seeking the fresh start you deserve.

A Chapter 7 or Chapter 13 bankruptcy will not put you into the proverbial "poorhouse." No one will show up to take away your most prized and valuable assets. Your bank accounts and retirement plans are safe. The most hardworking and financially responsible Ohio residents can find themselves in impossible financial situations. The end of a marriage has wreaked havoc on their lives. A job loss or reduction in hours created catastrophe. An unexpected illness or injury depleted resources. Aggressive creditors are anything but sympathetic to their plight.

At the law firm of Vance P. Truman, Attorney at Law, you have a much needed legal advocate, ally and friend. We will give you the facts you so desperately need and help you overcome the myths involved in bankruptcy. Simply put: There is hope for debt relief.

Practice Areas

Practice Areas Description

- Bankruptcy

If you are going through a difficult time financially, bankruptcy may be the best way to achieve the debt relief you need, so you can move on with your life. As you consider your options, it is important to choose a lawyer who understands the bankruptcy process and can protect your rights. At the law office of Vance P. Truman, Attorney at Law, we can provide you with the facts about the bankruptcy process and dispel the myths that have prevented you from seeking help. Bankruptcy is all we do, and we are dedicated to our clients.

- Chapter 7 Bankruptcy

A chapter 7 bankruptcy case is a proceeding under federal law in which the debtor seeks relief under chapter 7 of the Bankruptcy Code. Chapter 7 is that part (or chapter) of the Bankruptcy Code that deals with liquidation. The Bankruptcy Code is a federal law that deals with bankruptcy. A person who files a chapter 7 case is called a debtor. In a chapter 7 case, the debtor must turn his or her nonexempt property, if any exists, over to a trustee, who then con¬verts the property to cash and pays the debtor's creditors. In return, the debtor receives a chapter 7 discharge, if he or she pays the filing fee, is eligible for the discharge, and obeys the orders and rules of the bankruptcy court.

- Chapter 13 Bankruptcy

If you do not qualify for a Chapter 7 filing after taking the means test, Chapter 13 bankruptcy can provide you the relief you need. While all of your debts are not discharged, you can reorganize your credit card debt and medical bills into one manageable payment over three to five years. At Vance P. Truman, Attorney at Law, we help Ohio residents save their homes from foreclosure and cars from repossession with a Chapter 13 bankruptcy filing. Once the application is submitted, all collection actions must cease. If you have been served a notice of foreclosure, we can stop the process prior to the sheriff's sale. Even if your car has been taken within the past 30 days, we can have it returned to you.

- Means Testing

The sole purpose of the means test is to determine what type of bankruptcy you qualify for. Your disposable monthly income and other factors will be calculated, and if you have too much income, you will not qualify for a Chapter 7. For example, a four-person household with income above $72,000 will have to file for Chapter 13. For some clients, assuming those who are seeking to keep a home threatened by foreclosure, Chapter 13 may be your best option, even if you qualify for Chapter 7. We will make sure you understand all your options and have the facts you need to make an informed decision about your case.

- Debt Discharge

While a wide variety of debts are able to be discharged through bankruptcy, there are many which are not. It is important to understand the difference as it will have a huge impact on your ability to achieve successful debt relief. Some debts include: credit card debt, medical bill debt, student loan debt, tax debt, high-interest debts and nondischargeable debts. Vance P. Truman, the founder of our firm, will provide you with personalized advocacy during your bankruptcy case, providing you with the facts you need about how to discharge your debts.

- Nondischargeable Debts

While unsecured debts such as credit card bills and medical debt can be discharged through bankruptcy, many debts cannot. These include: student loan debts, spousal support and child support, divorce property settlements, most tax debts, judgments against you based on fraud and judgments against you from a DUI accident. While these debts are not dischargeable, bankruptcy may still be the best course of action to take in your situation. If you have unsecured debts in addition to these, bankruptcy can rid you of those and make your overall situation more manageable.

- Wage Garnishment

Other than paying off your debts — which is easier said than done when your paycheck is being garnished — the only way to stop wage garnishment effectively is to file for bankruptcy. When you file, an automatic stay goes into effect that prevents wage garnishment, as well as creditor harassment and many repossessions. There is no reason to be ashamed of seeking debt relief through bankruptcy. The Bankruptcy Code is in place to help people like your who have fallen on hard times through any number of reasons. At the law office of Vance P. Truman, Attorney at Law, we are not here to judge you; we are here to help.

- Creditor Harassment

Short of filing for bankruptcy, the only way to make creditor harassment go away is to pay off your debt. That is a difficult proposition; if it was so easy to pay off your debts, you would not be considering bankruptcy. By filing for bankruptcy, you can get the debt relief you need, as well as the relief you need from collections calls and other harassment. Once you file, an automatic stay goes into effect, which makes this harassment illegal. Other than the discharge of debt, this is often the most satisfying aspect of bankruptcy for our clients.

- Repossession Defense

You depend on your car to get you to work, transport your children to and from school, and for countless other activities. Many take that luxury for granted, but not those who are facing the possible repossession of their automobile. If you have been notified that your car is under the threat of repossession, contact Vance P. Truman, the founder of our law firm. He can help stop the process through a bankruptcy filing. At Vance P. Truman, Attorney at Law, we have given Ohio residents hope when all hope seems to be lost, especially when it comes to repossession of their car. A Chapter 13 bankruptcy stops the repossession process and forces your bank to the negotiation table. Our goal is to make your future car payments as part of your overall reorganization plan more affordable.

- Loan Modifications

Bankruptcy does not prevent you from seeking a loan modification. You can seek a loan modification while going through the Chapter 7 or Chapter 13 bankruptcy process. However, loan modifications can be very difficult to obtain, as lenders are under no obligation to accept your desired terms or modify your loan agreement in any fashion. It is also a process that requires great attention, as it can fall through the cracks if you do not keep up on it. If a loan modification is in your interest, we will be your strongest advocate.

- Foreclosure Defense

Nothing creates more uncertainty than a notice of foreclosure. A bad financial situation becomes more stressful when you consider the possibility of losing the roof over your head. A family home filled with both treasured possessions and fond memories are at stake. Through bankruptcy, we can not only stop a foreclosure prior to the sheriffs' sale, but also on the day it is scheduled. With one keystroke, the application is sent to the courts and all collection, foreclosure and repossession actions must cease. While you have bought yourself time, you will have to continue your house payments as part of your bankruptcy plan.

Attorneys

Mr. Vance P. Truman Attorney Bankruptcy, Debt Relief, Foreclosure

More Information on Vance P. Truman, Attorney at Law

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