Tampa Bankruptcy Attorneys
The Law Offices of Buddy D. Ford, P.A. - Over 25 Years of Legal Experience
Are you considering filing for bankruptcy? Are you facing threats of foreclosure, increasing creditor harassment, or financial worry? More and more families and individuals in Florida and throughout the U.S. are finding it difficult to stay on top of debt, bills, and living expenses due to the difficult job market and struggling economy. People who have worked hard their entire lives are suddenly finding themselves considering bankruptcy as a chance at a fresh start. If you have found yourself in this situation, you do not have to face this alone.
The Law Offices of Buddy D. Ford, P.A. has been serving clients throughout Tampa, Florida since 1987. Attorney Buddy Ford is Board Certified by the American Board of Certification and has litigated Federal Court cases in Florida, Nevada, Oregon, Georgia, Massachusetts, Delaware, and Kentucky. His law firm is accredited with the Better Business Bureau and they have represented many different major lending institutions. Their goal is to find the best solution for their clients. They understand that there are many options when dealing with bankruptcy cases and so want to ensure they find the one that most benefits the client. You will be able to have confidence knowing that a strong and skilled law firm is on your side every step of the way.
Considering Chapter 7 bankruptcy?
If you are interested in filing for bankruptcy to address your debts, our firm can help you determine which Chapter is right for your family or business. Chapter 7 uses the liquidation of certain nonexempt assets to repay creditors, and then the filer is typically released from the remaining balances of most of their unsecured debts; however, Chapter 7 does not release you from such debts as educational loans, child support, and most unpaid taxes. Before filing for this Chapter, you should assess whether the majority of your debts qualify for elimination.
Chapter 7 can be a great option for those who qualify, as the process usually takes only 6 months to 1 year to be completed. Before you can file for this Chapter, however, you must be able to pass the means test, which is used to determine if the filer truly needs the assistance of being discharged from their debts. It is important to note that not all debts qualify for elimination, so you should discuss your situation with a Tampa bankruptcy lawyer from the firm to find out if your debts are eligible to be discharged.
The Benefits of Chapter 13
Chapter 13 bankruptcy is often described as the reorganization of debt, because this Chapter enables the filer to repay their debts over a longer time period. This Chapter has many potential benefits for those who cannot pass the means test as well as those who want to protect their credit scores. If you decide Chapter 13 is the right option for your situation, you and your attorney will work with a court-appointed bankruptcy trustee to create a repayment plan. Through one manageable monthly payment, you will steadily repay your creditors over a 3 to 5 year period. This Chapter has less impact upon your credit and at the end of the process, you will be released from most types of unsecured debts.
This Chapter can be a great option for those who are not in a rush to be done with the bankruptcy process and also for those whose debts are not eligible for elimination. For instance, if the majority of your debts are from education loans, Chapter 13 will enable you to get a handle on your payments and slowly and steadily repay your creditors, all the while helping you avoid harassing phone calls and letters. This Chapter also protects your treasured assets, as you do not risk losing any of your possessions during liquidation. The firm can help you understand the benefits you can gain from Chapter 13 as well as protect your rights and assist you during the filing process.
Chapter 11 and Bankruptcy for Hotels & Hospitality Businesses
Chapter 11 bankruptcy provides businesses with the opportunity to repay their debts over a longer period of time while protecting them from creditors. Chapter 11 enables businesses to stay under the control of management while seeking to increase their profitability and lower their expenses. Filing for this Chapter can be very helpful for hotels and hospitality businesses, as they often struggle to make ends meet due to the current state of the economy. If you choose to file for Chapter 11, you may be able to restructure your finances to reduce your ongoing payments and you can seek to decrease the amount of debt you owe through liquidation.
One thing that sets the Law Offices of Buddy D. Ford, P.A. apart is the firm's experience with Chapter 11 cases for hotels. They represent over 50 hotel and hospitality clients and understand the ins and outs of this complex area of law. If your business is overwhelmed with debt, call the team as soon as possible to learn how filing for Chapter 11 could benefit your situation.
Protection from Creditor Harassment
The team at the Law Offices of Buddy D. Ford, P.A. is also able to protect clients who are being harassed by creditors. Under the Fair Debt Collection Practices Act, there are certain types of behavior which are illegal when it comes to debt collection agencies. If the debt collector fails to live up to these requirements, they could be subject to a lawsuit. Their team also has experience helping clients who are being threatened with foreclosure. They could help you avoid foreclosure through bankruptcy or other forms of debt relief. After filing for bankruptcy, they could work with you to begin to
rebuild your credit. In fact, they could get your credit back to where it was within one year of filing for bankruptcy.
Contact a Tampa bankruptcy lawyer today!
If you are facing financial worries and mounting debt, please consider contacting a lawyer from the Law Offices of Buddy D. Ford, P.A. With over 25 years of experience on their side, they understand how to best help those in these cases. If you would like to begin the process of working with their team, please print out the client intake forms found on this website. After filling them out, simply bring them to your free initial consultation so that you a member of the firm can get the details of your case. Should the firm decide to take on your case, you will have a skilled and experienced legal representative working for you. Please, do not waste any time in getting in touch with this law firm.
Contact a Tampa bankruptcy attorney at the office today to get started!