Tampa Attorney for Chapter 11 & 12 Bankruptcy

Keeping your business profitable and your household out of debt has always been challenging; even when Florida's economy was growing and the commercial and residential real estate markets were experiencing double-digit construction and price growth.

Now, that credit has become harder to acquire, growth begins to slow and real property values start falling, the incidence of business and personal bankruptcy has swelled.

If you or your business is experiencing serious issues with cash flow, Chapter 11 and Chapter 12 bankruptcy proceedings may provide a the solution you’re looking for.

If you are interested in learning more about reorganizing your debt through Chapter 11 and Chapter 12 bankruptcy then call the experienced Tampa bankruptcy attorney at the Owens Law Firm today at (813) 289-7574 for a FREE initial bankruptcy and Debt Relief consultation.

Debt Relief through Florida Chapter 11 Bankruptcy

Sometimes individual use Chapter 11 bankruptcy to solve problems with debt, however, Chapter 11 bankruptcy is primarily used by businesses and corporations.

Businesses most often file Chapter 11 bankruptcy to reorganize debt while remaining in business under a payment plan. In Chapter 11 proceedings, the business owner usually remains in control of his or her business, while the court supervises the financial reorganization of the debt obligations the business has. The goal of the court is to achieve complete or limited relief from most of the company's outstanding debt and its contracts, so that the business can make a new start.

Experienced Florida Chapter 12 Bankruptcy Legal Services

Chapter 12 bankruptcies apply to farming and fishing businesses only, and this is only in some situations. Chapter 12 bankruptcies offer advantages to businesses that are not found in other bankruptcy options such as those who own or manage an agricultural or fishing business with cash flow or debt issues. Call today for more information on Chapter 12 Bankruptcy law services.

If you have questions regarding Chapter 11 or Chapter 12 bankruptcy, contact us today at (813)289-7574 and schedule your FREE initial bankruptcy consultation!