The Benefits of Bankruptcy in Tampa, FL

Tampa Bankruptcy Attorneys

If you have recently found yourself in a tough financial situation, whether you are facing the foreclosure of your home or you have started to receive harassing calls from debt collection agencies, it is important to understand that you have options. By taking the time to consult with a Tampa bankruptcy attorney from the Law Offices of Buddy D. Ford, P.A., you will have the opportunity to explore the many facets of bankruptcy and figure out a plan that will allow you to achieve your financial goals. First and foremost, however, it is important to understand what benefits this process has to offer. At our firm, we believe that filing for bankruptcy has four main advantages, including:

#1: Stopping creditor harassment through an automatic stay

• As soon as you initiate the bankruptcy process, the court will order an "automatic stay." This is an order that prohibits all creditors from continuing their collection efforts, and subsequently allows you to resolve your debt-related issues without having to worry about dodging incessant phone calls from collection agencies.

#2: Stopping the foreclosure of your home

• By acting quickly, you may be able to fight the foreclosure of your home through bankruptcy. Most commonly, homeowners faced with this problem will choose to file under Chapter 13, as it stops the bank from continuing the foreclosure process and even allows a debtor to catch up on any overdue payments.

#3: Discharging your debt & obtaining a fresh start

• At the end of the day, the most valuable component of filing for bankruptcy is the ability to discharge your debt. Through Chapter 7, a debtor will be provided with the opportunity to liquidate nonexempt assets, discharge a substantial portion of their debt and walk away with a fresh start.

#4: Taking control of your financial future

• One of the most devastating side-effects of financial instability is the feeling that your life has slipped out of your control. Worrying about debt can be all-consuming, and no one understands that better than the legal team at our firm. For this reason, we take pride in being able to assist clients in taking back control of their financial futures.

Contact the Law Offices of Buddy D. Ford, P.A. to learn more!

At the Law Offices of Buddy D. Ford, P.A., we are well-equipped to handle a wide variety of cases-as we understand that there is no way of taking a "one size fits all" approach to bankruptcy. For this reason, we take the time to evaluate each aspect of every case that comes our way, whether our client is interested in filing for Chapter 7, 13 or 11 bankruptcy. To learn more about how this process could benefit you, contact a Tampa bankruptcy lawyer at the firm today or take a few minutes to fill out a free case evaluation.