Sixth Circuit BAP on Chapter 12

By: Dean Langdon Farming is tough, and family farmers are dealing with several years of low prices and weather-related issues. As we head into planting season, family farmers should be aware that Chapter 12 may help them reorganize and have a brighter future. On March 13th, the Bankruptcy Appellate Panel

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Chapter 12, bankruptcy, farmers, family farm, fisherman

Defining Family Farmer: Eligibility for Chapter 12 Bankruptcy

Defining Family Farmer: Eligibility for Chapter 12 Bankruptcy By: Jamie L. Harris, Esq. It may be surprising but not all farming operations may qualify as “family farmers” eligible to seek Chapter 12 bankruptcy relief. “Only a family farmer … with regular annual income may be a debtor under chapter 12″

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3 Things You Need to Know About Chapter 12 Plans

3 KEYS THINGS TO KNOW ABOUT CHAPTER 12 BANKRUPTCY PLANS by Jamie L. Harris Chapter 12 bankruptcy which is a type of bankruptcy designed for family farmers and family fishermen permits the filing of a reorganization plan. Here are a few key things to know about Chapter 12 plans: 1.

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Chapter 12, bankruptcy, farmers, family farm, fisherman

What is a Chapter 12 Bankruptcy?

Chapter 12 Bankruptcy If you are a Kentucky farmer or fisherman you may be wondering…’what is a chapter 12?” Chapter 12 bankruptcy is a reorganization bankruptcy intended for family farmers and family fishermen. This chapter is designed specifically for small to medium-sized family operations as there are debt limits for

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