Is Your Family Farm Facing Financial Difficulties?

Chapter 12 bankruptcy is specially designed to help family farmers and family fishermen manage financial distress. Farmers who are earning a regular income but find themselves with debt problems may be able to use Chapter 12 bankruptcy to get the relief they need. Chapter 12 protection takes into account the problems unique to family farmers in ways that Chapters 11 and 13 do not.

The Benefits for Qualifying Farmers

Family farmers are often forced to make capital investments more akin to a larger corporation. The income to debt ratio is simply different for farmer than in many other businesses. Chapter 11 reorganization bankruptcy was not designed for the income levels of most family farms.

Chapter 12 bankruptcy is generally less expensive than Chapter 11. It is also faster and more straightforward. Chapter 12 allows family farmers to address debts larger than those typically covered in Chapter 13 bankruptcy. The benefits are clear for family farmers who qualify.

These, combined with the traditional benefits of bankruptcy, make Chapter 12 an effective means for family farmers looking to get the fresh start that only debt relief can provide.

At Nicolet Law Office, S.C., our bankruptcy lawyers know how to protect the interests of family farmers facing financial problems. We can help you understand your options and guide you through the process to create a new future for your family.

See If You Qualify Today

The U.S. Bankruptcy Code limits Chapter 12 bankruptcy based on debt, income and the nature and organization of your business. We can help you find out if you qualify for Chapter 12. If you don't qualify, we can help you understand your other options for bankruptcy relief. Our goal is put you in the best possible position to succeed.

Call 715-802-0872 or fill out our contact form to schedule a free consultation. We offer flat-fee bankruptcy services, payment plans and reasonable fees to clients in Wisconsin and Minnesota. Contact us today.