Chapter 12 Bankruptcy Attorney

Our bankruptcy lawyer, Richard Croak, is one of the few bankruptcy attorneys who will represent farmers in a Chapter 12 bankruptcy filing. Chapter 12 is a simplified reorganization for family farmers, modeled after Chapter 13, where the debtors retain their property and pay creditors out of future income.

A Chapter 12 bankruptcy filing is typically one in a rural county- in some instances a farmer is in financial trouble that can not be recovered  without filing for bankruptcy protection. These are difficult bankruptcies to file, only because of their size. The reorganization plan will be large and the standing Chapter 12 Trustee will supervise the debtors progress and assist where needed. There is a substantial amount of secured debt in a farm bankruptcy and the assets are not always liquid. A Chapter 12 bankruptcy gives the farmer time to recover from a weather or market event.

Our Chapter 12 bankruptcy law firm has represented farmers with apple orchards and dairy farms in the rural areas of Albany, Clinton, Columbia, Essex Fulton, Green Montgomery, Rensselaer, Warren, Washington, Ulster, and Saratoga Counties in New York.

We Can Save You Today- All You Have to Do is Make the Call!

If you have questions or concerns and want to speak to a Chapter 12 bankruptcy attorney, please call our law office today, or contact our bankruptcy law firm via the Internet. For your convenience, we have two office locations.