Addressing Debt Through Business Restructuring And Reorganization
Bankruptcy is not the only means of addressing overwhelming business debt. In some cases, it may be possible to restructure and/or reorganize business debt in a way that avoids bankruptcy and better positions a business to achieve future success. It is essential to have an experienced lawyer on your side who can help guide your company through this process.
At the Law Offices of Buddy D. Ford, P.A., our attorneys bring more than three decades of experience to helping businesses address unmanageable debt. To find out how we can help your business, call our law firm in Tampa at 813-302-1258 or toll-free at 866-596-9247.
In some cases, it may make sense for a business to address debt problems out of court, avoiding the bankruptcy process altogether. This often requires a delicate touch, as an agreement must be negotiated with creditors, which often requires them to hold off on seeking immediate payment. If negotiations are successful, then a payment plan must be worked out with each creditor, buying your business the time it needs to come up with a long-term plan. While we will do everything we can to reach an agreement with your business’s creditors, if negotiations are not successful it may make sense to file for Chapter 11 bankruptcy protection.
If negotiations with creditors fail, it will be necessary to file for Chapter 11, which will effectively reorganize a business’s debts under the supervision of the court. Numerous businesses have gone through Chapter 11 and have managed to thrive once their debt problems have been addressed, and we can let you know what your options are and what the future of your business may look like.
Contact Us For Help With Your Business Bankruptcy Needs
We are a debt relief agency. We help businesses and individuals file for debt relief under the Bankruptcy Code.