by other wage earners, eligibility includes total debts (secured and unsecured) of up to $4,153,150 for farmers and $1,924,550 for fishermen. Chapter 12 is less complex and less expensive than filing for bankruptcy under Chapter 11 or Chapter 13.
Chapter 12 aims to help you as a farmer or fishermen successfully reorganize your operations. Sometimes, you may need relief from pressing debts to invest in more productive methods or more sustainable techniques. If you wish to plan ahead and rearrange your farming or fishing work to maximize future income, Chapter 12 protection may be the right choice for you.
When struggling with financial burdens, the last thing you need is another source of time-consuming stress. That’s why the professional team at Olson, Kulkoski, Galloway & Vesely, S.C. is here for you. We will listen to your particular situation and give your trustworthy advice on the best steps forward. Your family’s future and your own peace of mind are worth scheduling a quick, free initial consultation. We will give you the information you need to make informed decisions. Contact us
today to invest in your future.