Life is full of surprises — some good, others not so great. Divorce, illness, job loss and downturns in the economy can make it hard for individuals to make ends meet and businesses to be profitable.
If either you or your company is facing unmanageable debt, there is a way out. At the Law Offices of Buddy D. Ford, P.A., we help individuals and businesses eliminate or restructure their debts and regain financial stability through reorganization.
Located in Tampa, Florida, our firm has more than 25 years of experience navigating the bankruptcy process. We handle Chapter 7, Chapter 11, Chapter 12 and Chapter 13 bankruptcies. Our attorneys will work with you to find the best path to debt relief.
Choose The Right Path To Debt Relief
Bankruptcy offers three distinct paths to debt relief: Chapter 7, Chapter 13 and Chapter 11.
- Chapter 7 is a path chosen by some individuals who have few assets. It is a fast and effective way to eliminate debt.
- Chapter 13 allows individuals with valuable assets to protect their property while reorganizing and reducing their debts. It stops foreclosures and resets defaults.
- Chapter 11 is often used by businesses, but is also available to individuals. This process allows companies to keep their businesses open while reducing debt and reorganizing their finances. Chapter 11 also stops foreclosures and resets defaults.
- Chapter 12 is for family farmers and can strip liens, stop foreclosures and reset defaults.
We understand the stress and worry caused by financial problems. Our lawyers will work with you to understand your goals and develop a debt management strategy — whether it's through reorganization, bankruptcy or an alternative path — that gives you the relief you need.
" Representation With Dignity Since 1987"
Eliminate Your Debts, Improve Your Life
What will life be like after bankruptcy? Whatever you make of it. One of the greatest benefits bankruptcy offers is the opportunity to start fresh. When your debts are eliminated or severely reduced and you have regained control of your finances, you will be able to build the life you want. In businesses, your balance sheets improve immediately.
Lien stripping is another major benefit of bankruptcy. If the debt owed on your mortgage and other liens is higher than the value of the secured property, bankruptcy can strip that debt to the value of the property.
For example, if you owe $200,000 for property or equipment that is now worth only $100,000, we can reduce the secured claim to $100,000, amortize the debt at the lower amount and reset any default often at a reduced rate of interest!!
Contact The Law Offices Of Buddy D. Ford, P.A.
For more information about bankruptcy, please refer to our bankruptcy 101 section or contact our office for a consultation. Call 813-302-1258 or 866-596-9247 or complete our online intake form. Our main office is in Tampa. We also have offices in Pinellas County and throughout the state.