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 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 bankruptcy cases for clients all across Arizona. Our Mesa bankruptcy attorneys can discuss your debt during a confidential consultation.
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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:
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.
At 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. You deserve favorable results from an attorney who cares about you and makes time to answer your questions.
If you are interested in effective debt relief, contact our office at (480) 568-2333.