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Chapter 12 Bankruptcy: Is It the Answer?

May 24th, 2018 Bankruptcy

Farmers have been hit hard by new tariffs. Many find themselves denied loans—and about to lose their hard-earned family businesses. These good men and women face bankruptcy—forced to walk away from land they’ve worked with their own hands. Bankruptcy may be the solution… but you need to understand your legal rights.

Bankruptcy law is complicated enough. Don’t go it alone. Chapter 12—a relatively new section of the U.S. bankruptcy laws—is a type of bankruptcy tailored to the needs of both farmers and fishermen. With flexible, seasonable payment structures; Chapter 12 allows small farmers and family fishermen to restructure their debt in a way that avoids potential liquidation or foreclosure. Understand your options. Chapter 12 may offer a way out of debt that keeps your farm running.

If you are considering bankruptcy proceedings, all Caddell Reynolds Bankruptcy Law for a Free Legal Consultation at 800-671-4100. If you have questions about filing for bankruptcy or debt relief, we’ll help you find answers. Let our experienced attorneys help protect your rights to the full and fair compensation you deserve. At Caddell Reynolds, we offer a free consultation and have staff members ready to take your call. We will determine how to best proceed. We have offices conveniently located throughout Arkansas to better serve you.

Caddell Reynolds. Make the right call!

One of the best lawyers around!

Debbie T