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Chapter 12 Bankruptcy BasicsUnited States Courts  Form

Chapter 12 Bankruptcy BasicsUnited States Courts Form

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if you are a family farmer or family fishermen chapter 12 bankruptcy could be your fresh start hi I'm tax and bankruptcy attorney Larry Heinkel farming and fishing to me is the heart of America thank you for what you do let's get to why you were here chapter 12 bankruptcy is a fairly recent addition to bankruptcy laws and it's similar to chapter 13 bankruptcy chapter 12 was created specifically for family farmers and family fishermen it allows you to restructure your finances and avoid liquidation or foreclosure under the bankruptcy laws only a family farmer or fisherman with regular annual income may seek protection under Chapter 12 if you are eligible this could be the answer to being able to have a fresh start it enables you to be protected from your creditors while allowing you to pay them through a manageable plan a chapter 12 filing was the perfect solution for our client mr. Jenkins and his family form family farming is a tough business to begin with and

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