What is Chapter 12 Bankruptcy for?


Chapter 12 Bankruptcy is for the family farmer or family fisherman

You must be a family farmer or a family fisherman with regular annual income to file a Chapter 12 Bankruptcy. So unless you are in the farming or fishing business this is not for you. However, if you are a family farmer or a family fisherman this may be you best option. Unfortunately, with droughts, floods, tornadoes, 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 filing Bankruptcy or losing the family farm. Family fisherman face an equally daunting dilemma, with not only the weather and the sea to contend with, but also increasing regulation of fishing grounds, catch limits, and species restrictions As with business bankruptcies there are just to many different scenarios which can exist. Offering a general or typical situation is just impossible. However, Congress has specifically provided relief in the Bankruptcy Code for farmers and fisherman so that farmers and fisherman can eliminate some debts and reduce other debts and gain time to reorganize their financial affairs.


Links to more information

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> Bankruptcy Basics
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_> Filing Chapter 11 Bankruptcy
_> Filing Chapter 13 Bankruptcy
_> Bankruptcy Problems you may have
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Eric Lester Leinbach, Esquire
Bankruptcy Attorney
1603 Butler Street, Easton, PA 18042

Serving the Poconos in Pennsylvania
and northern and central New Jersey.

Email: Help_Me_Now@bankruptcyhelp.com


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.