Chapter 12 Bankruptcy For Farmers And Farm Businesses

Charles L. Smith  filed the first Chapter 12 bankruptcy for a farmer in the Southern District of Iowa in 1986. Telpner Peterson has been helping distressed farmers ever since.

Recent trends in Iowa and Nebraska farming demonstrate that a period of prosperity is coming to a close. Volatile commodity prices, problems between farmers and lenders and heavy debt burdens lead to financial crises for many who make their living in agriculture. Family farms and other types of farming enterprises such as grain elevator operations are struggling — sometimes to the point of bankruptcy.

Farmer Representation In Bankruptcy

Chapter 12 bankruptcy provides viable debt relief for farmers. This type of bankruptcy allows financially ailing farmers and farm corporations a way to cope with millions of dollars of secured debt. These high debt loads are not uncommon for farms that operate with the use of very costly equipment such as combines.

Financially stressed farmers and agribusiness owners turn to Telpner Peterson Law Firm, LLP, for debt relief advice and solutions suitable for their unique circumstances. Chapter 12 bankruptcy enables many farms to stay afloat through a customized debt reorganization plan. Such a plan can also address the tax consequences of divesting for those who opt to get out of farming altogether. Let us help you structure an orderly liquidation and shutdown of your farm business in Iowa or Nebraska if ending your operation is your best option.

Experienced Bankruptcy Lawyers Representing Debtors And Creditors

Attorney Charles L. Smith of our office has close to 40 years of experience as a bankruptcy trustee. He understands the respective interests of debtors, creditors and bankruptcy trustees. A member of the American Bankruptcy Institute and the National Association of Bankruptcy Trustees, he stays up to date on current trends and practices. He also served for three years as the chair of the Iowa State Bar Association’s Commercial and Bankruptcy Law Section.

Attorney Nicole Hughes also represents both debtors and creditors in Chapter 12 bankruptcy proceedings. Nicole is a member of American Bankruptcy Institute and she has served as the state chair of the National Association of Consumer Bankruptcy Attorneys.

Both of our bankruptcy attorneys understand the challenges that farmers and farm business owners experience as they approach and go through the processes of bankruptcy. They welcome the opportunity to evaluate your case and recommend the best course of action.

Contact A Chapter 12 Bankruptcy Law Attorney In Council Bluffs, Iowa (IA)

To schedule a consultation with a lawyer regarding bankruptcy for farmers and agricultural businesses in Iowa or Nebraska, send an email to Telpner Peterson Law Firm, LLP, or call 712-325-9000. ¿Habla español? Bienvenido. we have a Spanish-speaking attorney available. (servicios del intérprete disponibles).

Our Testimonials

-Rosie and Henry

Jack and Peggy helped us with a large complex estate. Any questions we had in person or by phone were answered quickly. We were always kept in the loop. We were treated as individuals and not just a number. At the close of our business, we couldn't have been happier.

-Rick

Thank you for helping our family sufficiently comply with the law offering us a less expensive than traditional choice we were unaware of before your suggestion. Congratulations on your team that operates efficiently with prompt response to inquiries plus accurate document preparation and edits. Telpner Peterson sufficiently and efficiently satisfied our legal needs and did so at a reasonable fee.

-Neal

Our family has been utilizing Telpner Peterson Smith Ruesch Thomas and Simpson law services for the last 30 years. We have utilized and seen the company strengthen and grow in both Business Law and Family Law services tremendously over the years. The firm understands their role in guiding and protecting your plans. Trust they will not mislead you. They truly represent midwest mentality-- hard-working, smart, and honest.

- Mark and Becky

When our family needed legal advice, we were very pleased with the service provided by Nicole and would recommend her company without reservation. They took the time to explain the process to us and kept us informed until our case was closed. We would recommend them-and have recommended them-to our family and friends.

- Jody

My husband and I became clients of Nicole Hughes almost a year ago. We had been looking for a lawyer and the few that we had a consultation with were very unhelpful. They were uncaring and basically wanted us to do all of the work. If we completed everything they asked for, then WE would have to pay them. When we initially met with Nicole we were nervous. We were sure it would be much of the same thing we had already encountered. Boy, were we wrong. Nicole was very personable. She cared about what we were going through and let us know she was there for us. She and her assistant took care of everything. She called or emailed us when she had questions, and she made herself available to us whenever we had questions or concerns. I highly recommend this law firm to anyone who needs a caring, highly knowledgeable lawyer who works for their clients. You will not be disappointed.

- Gary

Over the past seven years I’ve dealt extensively with both Chuck Smith and Nicole Hughes at Telpner Peterson Law Firm, LLP. My needs were extremely complex involving litigation and filings at both the state and federal level. They have been timely, conscientious, thorough and fierce defenders of my rights. I believe they have helped me prevail on issues where other law firms would have failed. On top of that, they are a pleasure to work with.

- Martha

I am so thankful I was referred to the firm of Telpner Peterson Law Firm, LLP, when a life changing event, the unexpected, sudden and untimely death of my husband, occurred. Their expert yet personalized legal advice made it possible to travel through a very dark, stressful time. The efficient handling of my many complex legal and financial issues eased my stress greatly and helped the future seem possible. I am still recognized as a friend and client when I call with information requests even though my issues occurred in 2006. I am eternally grateful for their help which paved the way for my bright present and future. Thank you

- Susan

We are very grateful and happy to have retained Walter Thomas and his professional team to represent us in our time of need, through a very difficult process. A very thorough and understanding group of people. Thank you Walt and Peggy.

- Sam

It was a pleasure using your law firm to help me settle my father’s estate. Although it was a difficult time, having both the compassion and expertise of your staff made the experience much easier. I would definitely recommend Telpner Peterson to all of my friends.

- Brett

My Experience with Walter Thomas was great! If I ever had any problems they were solved IMMEDIATELY, or if I had any questions or concerns he would call or email me in a very timely manner. I highly recommend Walter he is a “no beat around the bush” kind of guy, and I liked that the most about him. Hopefully I never need representation in the future, but if I do I’m calling Walt.

- Larry

The team of Shannon Simpson and Bev Driver came highly recommended from a close friend of mine. I feel that I had the best of the best in my corner and it was proven to me going through this process. They truly have your best interest at heart and you are not viewed as another number that walked through the doors. Through the process of my divorce, I lost my mom as well. They were there in my corner as well helping me along the way. I would consider Shannon Simpson and Bev Driver the most sincere, compassionate, and honest people that I have met today. They have the ability to help you see the forest through the trees, keeping you focused on what lies ahead. I truly feel that I was blessed by having this team in my corner while going through this process. They became part of my family through this process in helping me in many different ways. If you are looking for the “best of the best” then look no further. This is a firm that I would highly recommend to anyone that is willing to give 100%, as you will see in the end they will do the same. Some helpful advice: Remember Rome wasn’t built overnight, and your divorce proceedings won’t be either. I learned to have a lot more patience and let them do the job they were hired to do. Ryan represented our business in a case where we were named as Third Party Defendants. He was successful in proving we had done nothing wrong and all claims against our business were released. Ryan also went on to file a counter suit in which our business was able to recover our legal fees regarding the lawsuit. All matters were handled in a professional manner and in a timely manner.

- Al of Peoples Bank

We originally chose the Telpner Peterson Law Firm because of their knowledge and history with our particular case. We were not disappointed. Their guidance and thorough preparation through the course of our case led to a favorable result for us. I appreciate their expertise!