Chapter 12 Bankruptcy for Farms

Florida farmers spend a lot on equipment every season. Tractors, irrigation systems and harvesters often demand financing that restricts their cash flow, especially when weather swings and fluctuating commodity prices hit at the same...

When people talk about well-paid jobs and expensive professions, farming rarely makes the list. People think about careers that require graduate degrees and years of apprenticeship rather than agricultural work. While many farmers acquire...

Tractors, combines and row crop cultivators have become larger and more complex in recent years. New agricultural equipment can easily cost six or seven figures. Those operating farms typically need to finance equipment purchases. They...

Statistically, some types of bankruptcy are far more common than others. Chapter 12 bankruptcy is one of the least common forms of bankruptcy, but Florida sees more Chapter 12 bankruptcy filings than many other states. Chapter 12...

For many people, agricultural work is more than a source of income. It is a lifestyle and potentially also a family tradition. The home where they live is part of the farm, and every aspect of their daily schedule revolves around the...

There are different types of bankruptcy available for people and businesses in a variety of different circumstances. An organization preparing for dissolution because the company has become unprofitable might file a Chapter 7 bankruptcy....

There are numerous types of bankruptcy available to those who run businesses, such as family farms. Organizations can pursue multiple different types of bankruptcy depending on their current circumstances and what they hope to achieve via...

As a farmer in Florida, you have your choice of numerous crops, many of which could be very lucrative after you become established. However, farming is far from a cheap profession to pursue. You cannot just pop a few seeds in the ground...

If you are a commercial fisherman struggling with your business, one of the options that could be open to you is Chapter 12 bankruptcy. If you have never heard of this kind of bankruptcy before, you’re not alone—many people learn about...

Chapter 12 bankruptcy is a unique form of bankruptcy designed for agricultural businesses. With a Chapter 12 bankruptcy, farmers who are dealing with debt can look for “cramdown” solutions, which help them reduce their debts significantly...

Agriculture is a noble but unpredictable profession. Even the best, most experienced farmers can have a few bad seasons close together due to circumstances beyond their control. Unusual weather patterns, including unseasonably hot or cold...

Modern agriculture can be an unpredictable industry. Although technology has led to less laborious farm work, increased yield and less crop loss to pests, things can still go wrong due to factors beyond a farmer's control. Regardless of...