Applying Decades Of Experience To Solve Modern Legal Issues
Farming is no easy occupation. Most farmers take deep pride in their work and appreciate the unique connection that they have with the land. In addition to the grueling amount of physical labor that goes into running a farm, farm debt is also a huge problem in the United States. For farmers who are no longer able to pay their…
Farmers play a big role in helping to sustain this great nation. While food can be hard to come by in other countries, the United States is very fortunate. Farmers, without skipping a beat, provide our communities with fruits, vegetables and meats. From raising livestock to growing crops, we owe a lot of gratitude to these hard-working Americans. A Growing…
Chapter 12 farm bankruptcies are designed to enable financially distressed family farmers to propose and carry out a plan to repay all or part of their debts. However, there are several factors to consider when determining if you are eligible to file a Chapter 12 bankruptcy. There are 2 categories of “family farmers” under the Bankruptcy Code 1. Single or…
Chapter 12 bankruptcies are designed for family farmers with regular annual income. It enables financially distressed family farmers to propose and carry out a plan to repay all or part of their debts. In Chapter 12 farm bankruptcies, farmers propose a repayment plan to make installment payments to creditors over three to five years. Generally, the plan must provide for…