Chapter 12 bankruptcies designed for agriculture

January 2009

Key Points:

  • Bankruptcy may enable a farm to continue despite financial stress
  • The debt of the farm may be reduced to the value of the collateral securing it.
  • Chapter 12 is complex and requires legal advice
  •  
    NO one ever wants to think about the possibility of bankruptcy. However, some farms may inevitably face financial stress that will be too much to overcome. In these unfortunate situations, bankruptcy may allow the farm to get relief from some debt so that it can continue as a viable business into the future…Download full article here.

    Share:

    Facebook
    Twitter
    LinkedIn
    Email

    Share:

    More Posts