Is Chapter 11 Bankruptcy The Right Option For You?
Are creditors pounding on your door or calling you consistently? Are you worried you’ll have to close your business? Are your investment properties at risk of foreclosure? Do you have IRS issues? Are financial worries keeping you up at night? You are not alone. Every day, many hardworking individuals and otherwise stable companies find themselves overwhelmed by debt.
At the Law Offices of Buddy D. Ford, P.A., we offer a way out: Chapter 11 bankruptcy.
Our Tampa-based firm has been helping individuals and businesses reduce their debts and reorganize their finances through Chapter 11 for more than 25 years. We have helped more individuals and businesses in Florida file for Chapter 11 bankruptcy than most other firms in the state.
How Chapter 11 Can Help You Keep Your Assets And Your Business
The goal of Chapter 11 is to allow businesses as well as individuals the opportunity to reduce their debts, restructure their finances and increase their profitability — all while staying in control.
Unlike Chapter 7 and Chapter 13, the Chapter 11 bankruptcy process does not involve a trustee. This means you control your business and your properties throughout the pendency of your bankruptcy proceeding.
Small businesses and large corporations alike often use Chapter 11 to achieve their business goals. This may mean using Chapter 11 to keep their doors open by reducing debts and increasing revenue, or as a tool to downsize or liquidate with minimal debt. No matter what your goals, our lawyers will devise a plan to make Chapter 11 work for you.
Individuals also use Chapter 11 to reduce their debts and reorganize their finances while preserving their investment properties and other assets.
Hotels And Restaurants
When the economy takes a hit, the first thing consumers reduce is travel and entertainment expenses. The result: Many hotels and other tourist venues find themselves struggling to survive.
At the Law Offices of Buddy D. Ford, P.A., we represent more than 50 hotels and motels throughout the state. We understand the economic struggles unique to the hospitality industry. We work closely with clients to understand their individual business goals, then use Chapter 11 to facilitate those goals.
Choose An Attorney With Experience
Attorney Buddy D. Ford has more than 25 years of bankruptcy experience. He is board-certified* as a business bankruptcy specialist by the American Board of Certification and has served as a trustee on Chapter 7 and Chapter 11 cases.
We are a debt relief agency. We help businesses and individuals file for debt relief under the Bankruptcy Code.
*Not certified as a specialist by The Florida Bar. Certified through the American Board of Certification.