Farmers have a number of different options when faced with mounting debt caused by low prices, high interest rates, and export complications, including filing for Chapter 12 bankruptcy. However, deciding which course of action is best in a particular case…
This month, the Small Business Reorganization Act of 2019 officially went into effect. Creating a new subchapter under Chapter 11 of the Bankruptcy Code, the new law was designed to promote efficiency and simplicity for small businesses looking to reorganize…
According to the American Farm Bureau, farm bankruptcies increased by nearly 20 percent last year, with 595 family farms filing Chapter 12 bankruptcy petitions, 27 of which were located in Iowa. In fact, farm bankruptcies in Iowa have reached their…
When a creditor needs to take a debtor to court in order to have a debt repaid, the difficult part is not necessarily over. While winning a civil case in court against a debtor can be a relief for a…
Driving in Iowa in the winter can be sketchy at times. When visibility is impaired and road conditions are poor due to snow and ice, though, the risk of being in a crash is even greater. The risk of being…