Chapter 12 Bankruptcy
Chapter 12 is a bankruptcy solution available to family farms and farms owned by a partnership or corporation. It gives farm owners an opportunity to keep their farm by reorganizing debts and finances through a three- to five-year repayment plan. Reasons to file Chapter 12 include:
- Avoid farm liquidation and foreclosure
- Debt limits being higher than those in Chapter 13
- Added payment plan flexibility to pay off secured debt
- Stop bank receivership of farm assets
Family farmers have trusted Pittman & Pittman Law Offices, LLC, for years. Nearly 50% of all Chapter 12 bankruptcy filings in western Wisconsin are represented by our attorneys. Call our La Crosse office at 608-784-0841 or our Madison office at 608-233-4336 today to get started with your free consultation.