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November 2017 Archives

New bill provides tax relief for bankrupt farmers

Running a farm in the twenty-first century is no easy task. The financial burden is frequently too heavy for many farmers, sometimes even leading to bankruptcy. Fortunately, a newly enacted bipartisan law has recently been signed into law to provide tax relief to bankrupt family farms.

Navigating bankruptcy as a Florida farmer

It's becoming increasingly common for farmers to face financial hardships within their current revenue stream. Credit is becoming more difficult to find and animal produce is harder now than ever to gain profitable returns from. Therefore, many farmers in Florida and across the country are looking into ways that they can diversify their product offering and looking into ways that they can get a fresh start from the debts that they have incurred.

Business bankruptcy: considering Chapter 11

If a business is going through hard financial times, the most important thing is to find a way to get the debts repaid, while at the same time maintaining and growing the current business streams. This can be a hard act to juggle, and there are many possible strategies that can aid you in going about doing this. One of these options can be filing for Chapter 11 bankruptcy for businesses.

Solving economic hardships on American farms

In the years since 2013, farmers across America have endured hardships due to the decreasing real value of agricultural produce such as livestock and crops. Shockingly, between the years of 2013 and 2016, there was a reported 45 percent decrease in the net income of farms across America, on average. This is the biggest drop over three years that have been recorded in recent history.

Avoiding bad credit in bankruptcy

Filing for bankruptcy is often seen as a last resort, mainly because of the consequences many see it as having. Many people believe that going through a bankruptcy will result in you losing your home, car, other important possessions and being left with a terrible credit report. However, this is not true. The key lies in choosing the type of bankruptcy that is right for your particular situation.

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