Florida Bankruptcy and Foreclosure Defense Lawyers Help Debt-Ridden Individuals Find Relief

Feb. 11, 2011 - PRLog -- Chapter 7 bankruptcy is also known as straight bankruptcy because it is a relatively simple and quick process. Unsecured eligible debts are completely eliminated, and some assets may have to be liquidated. It is generally the preferred method for those who have lower than average income and/or few assets. Chapter 7 is not available to everyone, however, as it requires passing the means test beforehand. The means test was put in place in 2005 to help keep bankruptcy fraud at a minimum, although it has somewhat complicated the process. Chapter 13, on the other hand, does not require liquidation, but it only eliminates about 40% of debts on average. The rest of the debts are repaid through a structured 3 to 5 year payment plan. Given the complexities of filing for bankruptcy and the relief it can afford, the advice and guidance of a skilled Orlando bankruptcy attorney http://www.orlandobankruptcylawfirm.com/ is even more important than ever.

The firm is also available to assist clients with foreclosure defense, either through a short sale, a mortgage modification or a deed in lieu, as well as with creditor harassment and stopping wage garnishments. It is highly important that you take care of these matters as soon as possible after they arise; delaying could cause you to lose your home, which inevitably causes significant damage to your credit that may take years to recover from. It is always best to address these issues head on with a skilled professional. Whatever your financial problem is, you should call the firm today to speak with a knowledgeable Orlando bankruptcy lawyer http://www.orlandobankruptcylawfirm.com/.

If you are considering filing for bankruptcy, it is in your best interested to immediately schedule a free case consultation with an Orlando bankruptcy lawyer http://www.orlandobankruptcylawfirm.com/ at Gregory & Clark, PLLC as well as with an approved credit counseling agency. The latter meeting is mandatory before you can file for bankruptcy.

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Orlando residents have felt the hurt of the recession as much as anyone, many even more so. Millions of people all across the nation are still suffering from the stress of unpaid bills and an income that is insufficient to cover their costs of living. Debt continues to hang over many like a specter. With some of the highest foreclosure rates in the county, it is no surprise that there are also a large number of bankruptcy filings in the area. Those who do their research go to Gregory Clark, PLLC, because they know that they will receive top quality representation from the attorneys at this firm. With years of experience and countless successful bankruptcy filings under their belt, Floridians can trust that their needs will be taken care of when they call this firm. Visit the firm's website to learn more about how they can help you get out of debt for good: http://www.orlandobankruptcylawfirm.com/