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Seek bankruptcy protection to preserve your family's farm

With Hurricane Dorian churning out in the Atlantic and bearing down on Florida, the state's farmers face special risks regarding the financial well-being of their family farms.

An active hurricane season can wipe out farmers' crops and send them tumbling into an abyss of debt. While federal funds can be distributed after a storm that can help alleviate some of the financial devastation, it's risky to count on such recovery to once again make you whole.

A better choice may be to consider filing for a Chapter 12 bankruptcy for farmers. Once the winds have calmed and the water receded, it's prudent to examine all of the options that you have to save your family farm from being lost to creditors.

The decision to file for bankruptcy protection should never be taken lightly. But desperate times call for extreme measures, and bankruptcy may be the best way to protect and preserve your farm's vital assets.

If you are facing an uncertain financial future and have creditors dogging you at every turn, it can be difficult to separate your emotions from your logical thoughts. If you feel that you have nowhere to turn for answers to your dilemmas, it is easy to become hopeless and believe that all is lost.

Let us help you sort out your financial options for your farm. Of course, we hope that Hurricane Dorian will not bring devastation and destruction to the Sunshine State. But regardless of the storm's eventual trajectory, we stand ready to help our clients weather the financial storms they may face in its wake.

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