Chapter 12 Bankruptcy
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 retains their property and pays creditors out of future income.
A Chapter 12 bankruptcy filing is typically one in a rural county, where the farmer got into financial trouble that can not be recovered from without filing for bankruptcy protection. These are difficult bankruptcies to file, only because to their size. The reorganization plan will be large, and the Standing Chapter 12 Trustee will supervise the debtors progress and assist were needed. There is a lot of secured debt in a farm bankruptcy, and the assets are not always very 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; Make the Call, We’ll Save You
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.
