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Farm Bankruptcy

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 office at 608-620-7774 today to get started with your free consultation.