Chapter 12 – Farmers
Chapter 12 is a type of bankruptcy available to farms and fishermen in certain circumstances. In the Southern District of Florida, if you own a nursery or agricultural land, and you have debt that is unmanageable, the attorneys at Leiderman Shelomith Alexander + Somodevilla, PLLC (“LSAS Law”) may be able to help.
Chapter 12 provides many advantages for family farmers and fisherman that are not available in Chapter 11 and Chapter 13 bankruptcy. Chapter 12 is a highly specialized area bankruptcy law, and generally recent, having been enacted in 1986. Having an attorney with the knowledge and experience of Chapter 12 bankruptcy can mean the difference between losing your property and working out a manageable reorganization plan with your creditors.