What is Chapter 12 for?You must be a family farmer with regular annual income to file a Chapter 12 Bankruptcy. So unless you in the farming business this is not for you. However, if you are a farmer this may be you best or only option. Unfortunately, with droughts, floods, tornados, and the ever present pests ( the locusts and boll weevils do cometh) as well as low prices all to many of our country's farmers have faced the difficult decision of Bankruptcy or losing the family farm. As with business bankruptcies there are just to many different scenarios which can exist. Offering a general or typical situation is just impossible. |
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My Law Firm Eric Lester Leinbach, Esquire In Pennsylvania: 1603 Butler Street, Easton, PA 18042 610-258-5859 |
Disclaimer and Limitation of Use : The information on these pages is not intended as legal advice but rather general information. Reading or using the information on this website does not establish an Attorney-Client relationship. Such a relationship can only be created with the express written consent of an Attorney and the Client. The Bankruptcy Statute and Court Rules are complex. The answers to frequently asked questions at this site are only intended to provide a general information concerning the bankruptcy statute and rules. Individuals should always consult with an experienced bankruptcy Lawyer before making any decision or taking any action. I offer a free initial consultation by appointment only. I am licensed to practice in both Pennsylvania and New Jersey.