Reorganization Plan for Farmers
Chapter 12 is a blend of consumer bankruptcy (Chapter 13) 
and business bankruptcy (Chapter11) designed especially for family farmers. Chapter 12 gives you more power and flexibility than in the typical Chapter 13 case, but it is much simpler and cheaper than Chapter 11.
Chapter 12 makes allowances for things that are unique to farmers. For instance, if you only get paid once per year when you sell crops, then you will only make a Chapter 12 payment once per year. Or if your land or equipment is not worth as much as you owe against it, Chapter 12 can help you buy your property out for what it is worth regardless of the size of the debt.
Most importantly, Chapter 12 allows for the unique nature of farmer financing and will not interfere with FCS, FSA, or USDA loans, or grants under CRP.
Let Michael Warren and Warren Law Firm help you get back on track.
We'll answer your Questions, dispel the Myths and help you determine whether Bankruptcy is right for you.
Check-out our Brochure for even more information about Warren Law and the bankruptcy process.
