Tampa Chapter 12 Bankruptcy Attorneys

At the Law Offices of Buddy D. Ford, P.A., we don't see bankruptcy as a failure. Instead, we see it as an opportunity to regain control of your finances. Our firm is committed to the principle of representation with dignity.

Bankruptcy was designed to level the playing field between creditors and debtors, providing hardworking individuals the opportunity to reduce their debts and reorganize their finances.

Located in Tampa, we help farmers and fishermen throughout Florida reduce their debts and restructure their finances through Chapter 12 bankruptcy.

The Chapter 12 Process

If you are a family farmer or commercial fisherman, you may be able to seek debt relief under Chapter 12. The Chapter 12 process is similar to Chapter 13 and Chapter 11 in that a repayment plan is proposed by the debtor to repay a portion of debts over time.

Priority and secured debts are given priority in the repayment plan. Once the plan is confirmed, the debtor makes periodic payments to the bankruptcy trustee. At the end of the repayment period, remaining debts are forgiven.

How Can Chapter 12 Benefit You?

One of the biggest benefits provided by Chapter 12 is protection from creditors. As soon as your Chapter 12 petition is filed, an automatic stay stops creditor harassment and collection action. This means creditors cannot garnish your wages, repossess or foreclose on your property, or contact you in any way.

Filing for Chapter 12 bankruptcy also allows farmers and fishermen to regain control of their finances and pay their debts without liquidating needed machinery or equipment.

Contact Chapter 12 Bankruptcy Attorney Buddy Ford

At the Law Offices of Buddy D. Ford, P.A., we understand the stress that accompanies financial problems. Our lawyers are here to help. We are always available to discuss your case and answer your questions. Schedule a consultation today to discuss your debt relief options. Call 813-302-1258 or 866-596-9247 or complete our online intake form.