Making the Decision to Declare or Not To Declare Bankruptcy

Not only in Florida, but in many states around the country, more and more people are having financial difficulties and are looking for immediate and effective solutions to their problems. In 2005, reforms were passed by Congress that affected bankruptcy around the nation and new rules were put in place by the Bankruptcy Abuse Prevention and Consumer Protection Act.

Debtors now must prove they are eligible for declaring bankruptcy. They must take what is called the "Means Test" to determine if they qualify for a Chapter 7 bankruptcy, and if not, they may have to file for a  Chapter 13. Bankruptcy is not the only option; it could be that you need a loan modification, a short sale or another possible solution instead of declaring bankruptcy.

A Bankruptcy Attorney Can Help

If you reside in the Orlando or surrounding area and are feeling overwhelmed with debt, you should contact an Orlando bankruptcy lawyer to help you. Every person's financial situation is different and there is an optimum solution to each one. At Gregory & Clark, PLLC, we can help. Knowing which path to take to gain financial relief can in itself be stress reducing and gives you focus.

We first ask our clients what goals they want to accomplish on a short as well as long term basis, and proceed from there. If bankruptcy is the best option for you, we will work closely with you, guiding you through each step of the process from the initial petition all the way to the end of discharging all eligible debt. We offer free consultations and will sit down with you to go over your specific financial situation. Our goal is to help you attain your goals.

Contact an Orlando bankruptcy attorney in our office for an appointment and we will help you get on the path to a better and more stable financial future.