Florida residents may at times find themselves facing difficult financial situations. They are often overwhelmed by debt and struggle to make ends meet each month. Many consider filing for Chapter 7 bankruptcy as a means to regain financial stability in their lives. A former Orlando developer in such a situation recently filed for personal bankruptcy.
The developer, who now claims almost $23 million in liabilities, once rose to success in 2007 when he started buying numerous properties in Orlando. His business acquisitions soon expanded into other areas in Florida, as well as Georgia and Louisiana. He employed 70 people at one time.