Chapter 12 bankruptcy is the most rarely used chapter of the Bankruptcy Code. In the right situation, however, it can also be the most powerful. At the Arizona Law Offices of Campbell & Coombs, P.C., we can guide you through the process, helping you break free of overwhelming debt associated with a family farm, ranch or fishing operation. We handle these case throughout the State of Arizona.
About Chapter 12 Bankruptcy
Chapter 12 is designed for family farmers or ranchers with regular annual income. It enables farmers to propose and carry out a plan to repay their debts. There are many reasons to choose Chapter 12. It is more streamlined, less complicated and generally less expensive to file than Chapter 11 bankruptcy and it is more appropriate to farming debt than Chapter 7.
In creating this chapter, Congress sought to combine the features of the Bankruptcy Code that can provide a framework for successful family farmer reorganizations. Under Chapter 12, you may propose a repayment for all or part of your debts, paid to creditors in installments over three to five years. Three years is the preferred repayment period, but courts may approve a longer repayment period "for cause." You may even be able to modify or reduce the mortgage on your homestead farmhouse.
Personalized Service in an Impersonal World
At the Law Offices of Campbell & Coombs, P.C., we are dedicated to providing personalized service in an impersonal world. Our dedication means that we give advice for the best possible solutions on a case-by-case basis. It means that your Chapter 12 bankruptcy case will be personally handled by a qualified and experienced bankruptcy attorney – not a paralegal or secretary.
After all, when you have a legal problem that affects your farm or your family, you deserve more than being just another number in a bankruptcy mill where the attorneys do not even know your name. You deserve favorable results from an attorney you know and trust.
Contact a Maricopa County Farm and Ranch Bankruptcy Attorney Serving Arizona
To talk to an Arizona Chapter 12 attorney, call for a free and confidential consultation. Our bankruptcy lawyers are available by calling 480-630-3186 or toll free at 866-430-1277. You may also contact us online.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.
